Senior Capital Modelling Risk Analyst
Senior Capital Modelling Risk Analyst
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Job Description
Join us as a Senior Capital Modelling Risk Analyst with a focus on insurance risk to take your career to the next level with a global market leader.
Make your mark in Capital Modelling
Economic capital is of growing importance at AIG as part of use in capital and risk management budgeting strategy and pricing. It provides guidance on the tradeoff between risk and return and informs riskaware business decisions that support corporate objectives.
How you will create an impact
This role is an excellent opportunity to join a forwardthinking business with a focus on capital model calibration of Insurance Risk and the deployment of calibration assessments to support team operations and stakeholder business uses. The key risk areas of involvement are NonCat Reserve Risk Premium Risk and ManMade Cat Risk quantification as inputs into AIGs Group and Legal Entity capital models. We seek to embed a greater understanding of the quantification of volatility and risk with our business partners and this role will facilitate that outcome.
This role involves communication and collaboration with internal stakeholders including Actuarial Underwriting ERM and Finance.
Some of the key responsibilities include:
- Quantification of Reserve and Premium Risks for a Property Casualty insurance company. This includes both detailed knowledge of mathematical methodologies for quantifying these risks and the measurement of these risks in practice.
- Man Made Cat modelling review of scenario models from underwriting teams and thirdparty vendor models.
- Further develop and maintain inhouse models used to measure these risks.
- Review methodologies and establish common standards for modelling across AIGs various capital models including the Group model and Legal Entity models used for Solvency II in UK and Europe.
- Communicate analysis framework and results to internal and external audiences
- Develop and maintain documentation and testing relating to methods and analyses produced
- Answer adhoc requests from the business regarding risk and capital analysis
- Coach and manage junior staff including regular review of their work
What youll need to succeed:
- Qualified Actuary or MSc in a quantitative field or equivalent preferred.
- 5 years of experience in general insurance
- Capital modelling experience strongly preferred
- Knowledge of different lines of business and their characteristics and key risks.
- Good communication skills both written and verbal.
- Excellent critical thinking and problemsolving skills
- Experience of using with statistical programming languages such as R Python or Matlab.
- Experience using and coding in WTW Igloo for capital modelling is a plus.
#LIAIG
At AIG we value inperson collaboration as a vital part of our culture which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive connected environment for our team and clients alike.
Enjoy benefits that take care of what matters
At AIG our people are our greatest asset. We know how important it is to protect and invest in whats most important to you. That is why we created our Total Rewards Program a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health wellbeing and financial securityas well as your professional developmentto bring peace of mind to you and your family.
Reimagining insurance to make a bigger difference to the world
American International Group Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the worlds most farreaching property casualty networks. It is an exciting time to join us across our operations we are thinking in new and innovative ways to deliver everbetter solutions to our customers. At AIG you can go further to support individuals businesses and communities helping them to manage risk respond to times of uncertainty and discover new potential. We invest in our largest asset our people through continuous learning and development in a culture that celebrates everyone for who they are and what they want to become.
Welcome to a culture of belonging
Were committed to creating a culture that truly respects and celebrates each others talents backgrounds cultures opinions and goals. We foster a culture of inclusion and belonging through inclusion learning cultural awareness activities and Employee Resource Groups (ERGs). With global chapters ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIGs greatest assets and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.
AIG provides equal opportunity to all qualified individuals regardless of race color religion age gender gender expression national origin veteran status disability or any other legally protected categories.
AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation please send an email to .
Functional Area:
Required Experience:
Senior IC
Employment Type
Full-Time
