Capital Modelling Risk Analyst

Role Overview

Capital Modelling Risk Analyst

Join us as a Capital Modelling Risk Analyst to take your career to the next level with an international market leader. This role is part of our Capital Modelling and Risk Analytics Team, including the AIG Group model used for capital, risk management and portfolio management at a firm-wide level as well as Europe (AESA) and UK Solvency II Approved Internal Models. The team acts as a centre of excellence for capital modelling and supports other models around the group, such as for Canada, Japan and AIRCO (Bermuda).

How you will create an impact

You will work across all Insurance Risk areas including Nat Cat, Man-Made Cat, and Non-Cat risk, Market Risk, Credit Risk and Operational Risks, and you will support the quantification of Reserve and Premium Risks for a global General Insurance company.

This is a fantastic role for a bright, enthusiastic graduate who has an interest in developing a career in actuarial. We offer great career progression, and we will support you in developing your technical skills and in becoming a qualified Actuary.

Key responsibilities

• Parameterisation, updating, testing and review of model results; investigate existing methodologies and develop new methodologies to meet business requirements.
• Communicate model output and changes to key stakeholders and governance committees as required.
• Support business partners in Actuarial or Finance with uses of the capital model (e.g., volatility analysis, capital allocation or reinsurance effectiveness).
• Develop or improve processes for greater efficiency.
• Collaborate with Subject Matter Experts from Insurance Risk across the model to meet delivery timelines for model updates, documentation and capital solutions for Major Model Changes and regulatory filings.
• Maintain logs, reports and documentation for internal and external review.
• Coordinate audits and validation of project work and model changes; ensure ongoing quality assurance and checking.

What you'll need to succeed

• Degree in Mathematics or Statistics, or an Actuarial student progressing toward qualification.
• Willingness to pursue membership in a recognised actuarial society.
• Excellent critical thinking and problem-solving skills.
• Strong work ethic with a willingness to learn.
• Ability to work independently and as part of a team.
• Excellent communication and interpersonal skills.
• Coding experience in Python, R or other programming languages.

About the company and culture

At AIG, we value in-person collaboration as a vital part of our culture. Team members are encouraged to be primarily in the office to work effectively together and create a supportive, connected environment for our team and clients alike.

Benefits

We offer a comprehensive Total Rewards Program that extends beyond time spent at work to support health, wellbeing and financial security, as well as professional development to bring peace of mind to you and your family.

Our commitment to inclusion

We are committed to creating a culture that respects and celebrates talents, backgrounds, cultures, opinions and goals. We foster inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs) with global chapters.

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 email candidatecare@aig.com.

Functional Area: Risk

AIG Europe S.A. (U.K. Service Branch) & American International Group UK Ltd