Capital Modelling Analyst

American International Group; Greater London; On-site; GBP 85,000 - 110,000; Full time

Benefits offered by this job

Total Rewards Program

Job summary

American International Group (AIG) is recruiting a Capital Modelling Analyst for Talbot in London. The role focuses on developing the internal model and delivering regulatory capital reporting for UK/Lloyd's, while aligning with governance and business strategy across the syndicate.

You will work with the Igloo model, collaborate with multiple teams, and support the IMGC with model documentation and governance activities. A quantitative background and strong communication skills are essential.

Qualifications

• General Insurance experience, ideally capital modelling in Lloyd's market.
• Proficient in Igloo coding/analysis and Microsoft Office tools.
• Strong quantitative background with excellent communication skills.

Responsibilities

• Lead development of Igloo-based functionality and outputs to support the business.
• Produce Solvency UK/Lloyd’s capital reporting (S2478, LCR forms).
• Support internal model governance and present analysis to senior management and IMGC.
• Collaborate with teams across the syndicate to ensure model reflects risk profile.
• Conduct ad hoc analysis, stress testing, ORSA, and AFR as needed.

Skills

Igloo coding

Excel

PowerPoint

Word

Quantitative background

Communication skills

Tools

Igloo

Job description

Join us as Capital Modelling Analyst Make your mark in Talbot.

With offices in London, New York and Singapore, Talbot is the managing agent of 4 syndicates at Lloyd’s, underwriting numerous classes of business including war and terrorism, energy, marine, financial lines, cyber, transport, political risk, crisis management, kidnap & ransom, and property reinsurance.

Through its expert team of underwriters and a balanced, geographically diverse portfolio of business, Talbot has earned a reputation as an industry-leading insurance specialist.

How you will create an impact

Capital Modelling team is responsible for maintaining the Talbot internal model to enable an efficient and timely delivery of the assessment, aggregation and reporting of all quantifiable risks to inform decision making as well as to meet regulatory requirements.

Key responsibilities

• Internal Model development: Lead with the development of business-related functionality and outputs that will support the business, leading on planned Igloo developments within the team. Developments are conducted in line with the Internal Model Change Policy.
• Production of the Solvency UK/Lloyd’s regulatory capital reporting requirements for S2478. This includes, but is not limited to, the SCR submissions to Lloyd’s (i.e. LCR forms and all other associated returns), application of the Internal Model Change Policy for model updates and the production of the annual PRA Internal Model Output (“IMO”) submissions to Lloyd’s.
• Business planning process: Assist with the Internal Model use within the business: for example, supporting Group strategic initiatives.
• Collaborate with teams across the syndicate to ensure the Internal Model adequately reflects the latest view of the syndicate risk profile and to contribute to the validation of the Internal Model.
• Support effective Internal Model governance and to produce/ present internal model analysis/documentation to senior management and the Internal Model Governance Committee (“IMGC”).
• Promote, encourage, and support model use across the business.
• Conducting ad hoc analysis/investigations as they may arise including assisting across other areas of the team: for example, business planning investigations, stress and scenario testing, ORSA, AFR.
• Identifying and documenting Internal Model Limitations in line with Internal Model Limitations Statement of Operating Practice.

What you’ll need to succeed

• General Insurance experience, ideally in capital modelling in the Lloyd’s market.
• Enthusiastic and hardworking, must enjoy working with other areas of the business.
• Excellent Igloo coding/analysis skills and a good working knowledge of Excel, Word and PowerPoint.
• Enjoys coding/modelling in Igloo and investigating/solving problems.
• Quantitative background is necessary.
• Excellent communication skills, both written and oral.
• #LI-AIG

At AIG, we value in-person 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 what’s 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 security—as well as your professional development—to 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 world’s most far-reaching property casualty networks. It is an exciting time to join us - across our operations, we are thinking in new and innovative ways to deliver ever-better 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 inclusion

We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through 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 AIG’s 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 [e-mail].

Functional Area: RK - Risk Talbot Underwriting Services Ltd (TS1)

Nous sommes une Compagnie d'assurance internationale de premier plan, présente dans plus de 80 pays et juridictions. Nous proposons une large gamme d’assurances IARD et Responsabilité civile, d’Assurance vie, de solutions de retraite et d’autres services financiers pour accompagner nos clients dans leur quotidien professionnel et personnel par le biais de nos divisions d’assurance générale, vie et retraite et placements. Ce qui nous caractérise à travers toutes ces offres, c'est notre engagement à aider les individus, les entreprises et les communautés à se préparer et à réagir aux périodes d'incertitude. Qu'il s'agisse d’aider les personnes confrontées à des catastrophes naturelles ou les millions d'Américains qui aspirent à une retraite stable, nous avons l'expertise nécessaire pour aider nos clients à mieux gérer les risques.

Nous nous engageons également à faire ce qu'il faut pour nos Employés et les communautés dans lesquelles nous travaillons et vivons. C’est pourquoi nous cherchons à offrir ce qui compte à nos équipes toujours plus diversifiées - comme des environnements de travail flexibles et créatifs, des opportunités de croissance professionnelle et des forums pour se soutenir les uns les autres et inciter au changement. Nous encourageons les Employés à soutenir les causes qui les intéressent le plus, par le biais de nos programmes de congés des bénévoles et de subventions spécifiques (« Matching Grants Program »).

Rejoignez notre réseau de Talents (Talent Network ). Des informations supplémentaires sur AIG sont disponibles sur www.aig.com | YouTube | Twitter | LinkedIn. Ces références avec des informations supplémentaires sur AIG ont été fournies pour des raisons de commodité, et les informations contenues sur ces sites Web ne sont pas référencées dans ce communiqué de presse.