Capital Modelling Risk Analyst

AIG; Greater London; On-site; GBP 70,000 - 110,000; Full time

Job summary

AIG is seeking a Capital Modelling Risk Analyst to contribute to the firm-wide capital, risk management and portfolio modelling framework. The role sits within the Capital Modelling and Risk Analytics Team supporting Europe and UK Solvency II internal models and other global models.

You will help update capital models, review inputs/outputs, develop new processes, and prepare risk reports for key stakeholders across Actuarial and Finance, while ensuring quality and documentation standards are

Qualifications

• Degree in Actuarial Science, Mathematics or related discipline with 2:1 or above.
• Experience in an Actuarial or Capital Modelling Analyst role or similar.
• Working towards actuarial qualifications.
• Coding experience in Python, R or other programming languages.

Responsibilities

• Support annual/quarterly capital model updates across risk areas.
• Review model inputs and outputs via analysis of change.
• Develop new processes by creating tools and code for regulatory reporting.
• Create process flows and document processes for governance.
• Summarise model output and changes for stakeholders including Actuarial and Finance teams.
• Ensure logs, reports and documentation are maintained for internal/external review.
• Assist testing and validation of model inputs and results, including QA.

Skills

Python

R

Data analysis

Actuarial knowledge

Problem solving

Communication

Education

Degree in Actuarial Science, Mathematics or related discipline

Tools

Excel

Job description

Join us as a Capital Modelling Risk Analyst to take your career to the next level with an international market leader.

Make your mark in Capital Modelling

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 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

Reporting to the Head of Legal Entity and Production, you will be working in a group wide role within the Economic Capital Modelling and Risk Analytics Team. The role support the AIG Group model used for economic 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 also acts a centre of excellence for Capital Modelling and supports other models around the group such as for Canada, Japan, AIRCO (Bermuda) and other models.

Some Of The Key Responsibilities Include

• 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.

What You'll Need To Succeed

• 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.

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

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