Senior Catastrophe Research Analyst

American International Group, Inc.; City of Westminster; On-site; GBP 85,000 - 120,000; Full time

Job summary

AIG's Catastrophe Research & Validation Team in London invites applications for a role leading review and ownership of peril region models. You will collaborate with US/London teams and external vendors, contribute to industry-leading analytics, and support model evaluation across Natural Catastrophe, Terrorism, and other perils.

You will work closely with Risk Management, Actuarial, Underwriting, and Data Office to implement model risk policies, drive data initiatives, and communicate complex

Qualifications

• PhD or Master’s degree in Climate Science, Natural Hazards, Applied Statistics, or a related subject.
• Strong programming skills including R, Python and SQL.
• Excellent communication and collaboration abilities.

Responsibilities

• Lead innovative catastrophe risk research focusing on material peril regions.
• Support development of standardized risk views and best practices.
• Validate and evaluate vendor models and implement model changes/upgrades.
• Collaborate with Risk Management, Actuarial, Underwriting and ERM to document views of risk.
• Partner with Data Office on strategic data initiatives and vendor assessments.

Skills

R/Python/SQL

Communication

Team collaboration

Education

PhD in Climate Science

Masters in related field

Job description

AIG's model validation and research group consists of team members in the US & London, and an outsourced team in Bengaluru, India. The role will involve collaboration with this team, and with multiple external vendors (Moody's, Verisk, KatRisk), as well internal teams building bespoke tools. The job holder will lead the review of and take ownership of specific peril region models as directed by the Head of Catastrophe Research & Validation. How you will create an impact This role will be part of AIG's Catastrophe Research & Validation Team. You will support the development of AIG's internal view of risk for Natural Catastrophe, Terrorism, and other First Party Perils. Working with the Head of Catastrophe Research & Validation and other Cat Modelling Leaders, the job holder will support the implementation of industry leading analytics, research practices, and model development across the organisation. Some of the key responsibilities include:

• Lead innovative research on catastrophe risk, with a focus on peril regions most material to AIG
• Support the development standardised best practices and view of risk strategy
• Support end to end catastrophe model evaluation across the company: + Implementing AIG's View of Risk + Validating new and existing vendor models + Proposing adjustments to vendor out of the box views + Implementing model change and upgrades
• Support AIG's assessment of climate change and impacts to climate related perils worldwide
• Support climate change engagement with internal and external stakeholders
• Work with Enterprise Risk Management partners to ensure views of risk are clearly documented and communicated in line with AIG's model risk management policies
• Support short and medium term efforts to transform internal catastrophe modelling process
• Closely collaborate with functions such as Risk Engineering, Actuarial, Underwriting, and ERM to share insights and best practices across the organisation
• Partner with the Data Office on strategic data initiatives, including supporting vendor/data provider capability assessments and contract reviews.
  PhD or Master's degree in Climate Science, Natural Hazards, Applied Statistics, or a related subject
• 3+ years of experience in catastrophe research or model development, experience using RMS is preferred
• Excellent understanding of the science of catastrophe modelling, and hands on experience writing model reviews and validation
• A knowledge of catastrophe models including their strengths and weaknesses, and demonstrated expertise in the science of one or more peril regions
• An understanding of climate change and its impact on insurance, and an interest in developing analytics and thought leadership in this area
• A keen interest in the impact of modelling, on Underwriting decision making
• An ability to communicate technical concepts in a non-technical manner
• Excellent communication, presentation, and interpersonal skills
• Strong programming skills including R, Python, and SQL
  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.