Capital Modelling Risk Analyst

American International Group, Inc.; City of Westminster; On-site; GBP 45,000 - 60,000; Full time

Job summary

American International Group, Inc. (AIG) seeks a Capital Modelling Analyst in the UK to support annual/quarterly capital model updates, covering Reserve risk, Premium risk, Nat Cat, Man Made Cat, Market, Credit and Operational risks.

You will review model inputs and outputs and develop tools to improve efficiency. You will summarise model outputs for stakeholders, assist actuaries and Finance with volatility analyses and capital allocation, and ensure logs and documentation are maintained.

Qualifications

• Degree in Actuarial Science, Mathematics or related discipline.
• Experience in an actuarial or capital modelling analyst role.
• Willingness to pursue actuarial qualifications.
• Coding experience in Python, R or other programming languages.

Responsibilities

• Support annual/quarterly capital model updates including collection of risk information (Reserve risk, Premium risk, Nat Cat, Man Made Cat, Market, Credit, Operational risks).
• Review model inputs and outputs by performing an analysis of change.
• Develop new processes by creating tools and code to improve efficiency or regulatory reporting.
• Create process flows and document processes.
• Summarise and communicate model output and changes through presentations and risk reports to stakeholders.

Skills

Analytical thinking

Problem solving

Communication skills

Interpersonal skills

Education

Degree in Actuarial Science/Mathematics or related

Tools

Python

R

Job description

• Support annual/quarterly capital model updates. The update includes collection of risk information in all areas: Reserve risk, Premium risk, Nat Cat, Man Made Cat, Market, Credit and Operational risks. Also, latest financial information exposure (Budget and Balance sheet) is obtained by working with Finance.
• To review model inputs and outputs by performing an analysis of change.
• Support the development of new processes by creating tools and code to improve efficiency or for regulatory reporting.
• Creating process flows and documenting processes.
• Summarise and communicate model output and changes through presentation and risk reports to key stakeholders. In particular, support business partners in Actuarial or Finance with uses of the Capital Model, whether analysis on volatility or capital allocation.
• Ensure logs, reports and documentation are maintained and available for use/review by both internal and external parties.
• Support the testing and validation of model inputs and results as required, including ongoing quality assurance.
  Degree in Actuarial Science, Mathematics or related discipline - 2:1 or above.
• Experience in an Actuarial or Capital Modelling Analyst role
• Working towards or willing to pursue actuarial qualifications
• Coding experience in Python, R or other programming languages.
• Strong critical thinking and problem solving skills.
• Strong quality control and review skills.
• Excellent communication and interpersonal skills.
  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.