Senior Capital Modelling Risk Analyst

AIG; London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A global leader in insurance solutions is seeking a Senior Capital Modelling Risk Analyst to manage insurance risk and advance their career in London. This role involves quantifying risks, collaborating with various teams, and enhancing capital models. The ideal candidate should be a qualified actuary with strong experience in general insurance and capital modelling, as well as proficiency in statistical programming languages. AIG values in-person collaboration and offers comprehensive benefits.

Benefits

Health and wellbeing benefits

Financial security benefits

Professional development opportunities

Continuous learning programs

Qualifications

• Strong knowledge of various insurance lines and their risks.
• Experience in capital modelling preferred.
• Ability to mentor and review junior staff work.

Responsibilities

• Quantify Reserve and Premium Risks for Property Casualty insurance.
• Review scenario models for Man Made Cat Risk.
• Develop and maintain in-house risk measurement models.
• Standardize modelling methodologies across capital models.
• Document and test analysis methods.

Skills

Qualified Actuary

5+ years of experience in general insurance

Strong communication skills

Problem-solving abilities

Proficiency in statistical programming languages (R, Python, Matlab)

Education

MSc in a quantitative field or equivalent

Tools

WTW Igloo

Job description

Join us as a Senior Capital Modelling Risk Analyst with a focus on insurance risk to advance your career with a global market leader.

Make your mark in Capital Modelling

Economic capital is increasingly important at AIG for capital and risk management, budgeting, strategy, and pricing. It guides risk-return trade-offs and supports risk-aware decisions aligned with corporate objectives.

Role overview

This position offers an excellent opportunity to work on capital model calibration for Insurance Risk, supporting team operations and stakeholder needs. Key risk areas include Non-Cat Reserve Risk, Premium Risk, and Man-Made Cat Risk, contributing to AIG’s Group and Legal Entity capital models. The role aims to enhance understanding of volatility and risk quantification within the business.

The role involves collaboration with Actuarial, Underwriting, ERM, and Finance teams.

Responsibilities include:

• Quantifying Reserve and Premium Risks for Property Casualty insurance, including mathematical methodologies and practical measurement.
• Reviewing scenario models for Man-Made Cat Risk from underwriting teams and third-party vendors.
• Developing and maintaining in-house models for risk measurement.
• Establishing standards for modelling across AIG’s capital models, including Solvency II compliance.
• Communicating analysis frameworks and results to internal and external audiences.
• Documenting and testing methods and analyses.
• Responding to ad-hoc business requests related to risk and capital analysis.
• Coaching and managing junior staff, including regular reviews of their work.

Qualifications needed:

• Qualified Actuary, MSc in a quantitative field, or equivalent.
• 5+ years in general insurance.
• Experience in capital modelling is strongly preferred.
• Knowledge of various lines of business and their risks.
• Strong communication skills, both written and verbal.
• Excellent problem-solving skills.
• Proficiency in statistical programming languages such as R, Python, or Matlab.
• Experience with WTW Igloo for capital modelling is a plus.

#LI-AIG

At AIG, we value in-person collaboration, which is why team members are primarily in the office to foster effective teamwork and a supportive environment.

Benefits and culture

Our Total Rewards Program offers comprehensive benefits focused on health, wellbeing, financial security, and professional development, supporting you and your family.

Our mission

As a global leader in insurance, AIG is committed to innovative solutions that help individuals, businesses, and communities manage risk and seize new opportunities. We invest in our people through continuous learning and a culture of inclusion and belonging.

Equal opportunity statement

AIG is an equal opportunity employer, welcoming all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability, or other protected categories.