Senior Catastrophe Research Lead | Global Risk Modeling

AIG; Boston (MA); On-site; USD 120,000 - 145,000; Full time

Benefits offered by this job

Competitive benefits

Total Rewards Program

In-person collaboration

Job summary

AIG is seeking a Catastrophe Research Manager to lead model validation and research across perils and regions, coordinating a team in Bengaluru and interacting with Moody's, Verisk and KatRisk. You will shape AIG's view of risk and drive implementation of best practices in catastrophe modelling.

You will liaise with Cat Modelling Leaders, risk management, and regulators, influencing climate risk research and policy engagement while mentoring staff and delivering end-to-end model evaluations.

Qualifications

• 6+ years of experience in catastrophe research or model development, with hands on knowledge of RMS preferred
• PhD or Master’s degree in Climate Science, Natural Hazards, Applied Statistics, or a related subject
• Experience at an Underwriting Company or a Broker is a bonus
• Excellent understanding of the science of catastrophe modelling, and hands on experience writing model reviews and validation for internal stakeholders and regulators
• In-depth knowledge of catastrophe models including their strengths and weaknesses
• A thorough understanding of climate change and its impact on insurance, and demonstrated experience presenting and discussing catastrophe risk research in internal or external forums
• An ability to communicate technical concepts in a non-technical manner, to a wide range of audiences
• Excellent communication, presentation, and interpersonal skills
• Strong programming skills including R, Python, and SQL

Responsibilities

• Lead Model Validation & Research for specific perils and regions, managing and mentoring a team of research analysts/scientists based in Bengaluru, India
• Work with Cat Modelling Leadership to evaluate models, develop standardised best practices, and implement AIG's view of risk worldwide
• Support end to end catastrophe model evaluation across the company: Define and implement the AIG View of Risk
• Validate new and existing vendor models
• Propose adjustments to vendor out of the box views
• Implement model change and upgrades
• Develop relationships with Reinsurance Broker and Model Vendor partners, and leverage their insights and experience to benchmark AIG's own View of Risk
• Support AIG's assessment of climate change and impacts to climate related perils worldwide, providing thought leadership on topics related to climate change and climate variability
• Support AIG's climate change engagement with regulators such as the PRA, Lloyd's, Japan FSA, and multiple State Regulators in the United States
• Work with Enterprise Risk Management partners to ensure view of risk principles 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, the Product Office, 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.
• Drive a culture that promotes collaboration and accountability within a diverse and inclusive environment

Skills

R

Python

SQL

Cat modelling

Education

PhD or Master’s in Climate Science

Tools

RMS

Job description

AIG is seeking a Catastrophe Research Manager to lead model validation and research across perils and regions, coordinating a team in Bengaluru and interacting with Moody's, Verisk and KatRisk. You will shape AIG's view of risk and drive implementation of best practices in catastrophe modelling.

You will liaise with Cat Modelling Leaders, risk management, and regulators, influencing climate risk research and policy engagement while mentoring staff and delivering end-to-end model evaluations.