Capital Modelling Analyst

AIG; Greater London; On-site; GBP 65,000 - 95,000; Full time

Benefits offered by this job

Total Rewards Program

In-office collaboration

Job summary

Talbot, a Lloyd's-based syndicate, is looking for a Capital Modelling Analyst to support the internal model, regulatory reporting, and governance. The role requires Igloo coding skills, strong quantitative abilities, and effective communication across teams.

You will engage with the syndicate to keep the model aligned with risk views, support decision-making, and contribute to model validation and continuous improvement. Office-based in London with collaborative culture.

Qualifications

• Experience in General Insurance with capital modelling in Lloyd's market.
• Excellent Igloo coding/analysis skills and strong Excel/Word/PowerPoint abilities.
• Quantitative background with good communication skills.
• Enthusiastic, collaborative, and able to work with multiple stakeholders.

Responsibilities

• Internal Model development: lead the development of business-related functionality and outputs.
• Production of Solvency UK/Lloyd's regulatory capital reporting requirements (SCR submissions, LCR forms).
• Assist with Internal Model governance and validation activities.
• Support business planning and integration of the Internal Model into strategic initiatives.
• Collaborate with syndicate teams to reflect the latest view of risk profile in the model.
• Conduct ad hoc analyses and investigations (stress tests, ORSA, AFR).
• Document and present Internal Model analysis to senior management and IMGC.

Skills

Igloo coding

Quantitative background

Excel

Communication

Education

Welldocumented general insurance knowledge

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.

• 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.

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