Senior Insurance Risk Analyst

American International Group, Inc.; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

An international insurance company based in London is seeking a Senior Insurance Risk Analyst to support risk assessments and manage validation processes. The ideal candidate will have a background in insurance risk management, strong analytical skills, and a proactive approach. This role offers variety and requires effective communication and relationship management abilities. A competitive salary and benefits package are included.

Qualifications

• Experience in actuarial work with completion of Core Principles exams preferred.
• Strong relationship building skills.
• Proactive mentality with strong planning abilities.

Responsibilities

• Support the Head of Insurance Risk with model validations.
• Prepare Regulatory Validation Reports.
• Conduct risk assessments for prescribed insurance risks.

Skills

Experience in insurance risk management

Strong problem-solving abilities

Analytical skills

Excellent communication skills

Stakeholder management skills

Education

Part-qualified actuary or relevant professional qualification

Job description

Join us as a Senior Insurance Risk Analyst to take your career to the next level with a global market leader.

Make your mark in Talbot

With offices in the U.S., London and Asia Pacific, Talbot is the managing agent of Syndicates 1183, 2019 and 2478 at Lloyd's. Syndicate 1183 underwrites a number of classes of business including war and terrorism, energy, marine, financial lines, cyber, political risk, crisis management and property. Through its expert team of underwriters and a balanced, geographically-diverse portfolio of business, Talbot has earned a reputation as an industry-leading insurance and reinsurance specialist.

How you will create an impact

This is a fantastic role for someone from a quantitative risk background to join our risk team in a role that offers a lot of variety and some interesting challenges. You will gain a breadth of experience and will interact with senior stakeholders across the business.

Some of the key responsibilities include:

• Support the Head of Insurance Risk with the periodic validation of the Syndicate 1183, 2019 and 2478 Internal Models
• Execution of certain validation activities including planning and scoping, conducting validation tests and maintaining the validation findings log
• Preparation of the Board and Regulatory Validation Reports and papers for other committees
• Support the Head of Insurance Risk and Chief Actuary in the production and submission of the annual Actuarial Function Board Opinions and Regulatory Reports on Technical Provisions, Underwriting Policy, Reinsurance Arrangements and Risk Management in line with the requirements of Solvency II and Lloyd's Minimum Standards
• Work with a range of risk, actuarial and finance professionals across Talbot to assist in the production of the Own Risk and Solvency Assessment ("ORSA") Report
• Assist in the development and completion of stress and scenario testing analysis, including the forward-looking plan in the ORSA Report
• Support the Head of Insurance Risk in performing risk assessments and deep dives for prescribed insurance risks, including the annual business plan review and underwriting business unit risk assessments
• Assist in the guardianship of the Risk Register, including control effectiveness, and all other documentation relating to the Risk Management Framework
• Actively liaise with all Talbot business areas to establish, support and maintain business relationships and organisational effectiveness

What you'll need to succeed

• Experience in insurance risk management, actuarial or capital modelling disciplines
• Part-qualified actuary (completion of Core Principles exams preferred) or experience of actuarial work with other relevant professional qualification (e.g. CII)
• Strong problem-solving and decision-making abilities
• Analytical skills and a good eye for detail
• Excellent written and verbal communication skills
• Enthusiastic, with strong relationship building and stakeholder management skills
• Proactive mentality with strong planning and organisation skills
• Commercial awareness

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].