At a Glance
- Tasks: Deliver regulatory capital reporting and collaborate on internal model development.
- Company: Join AIG, a global leader in insurance solutions with a focus on innovation.
- Benefits: Comprehensive benefits package for health, wellbeing, and professional growth.
- Other info: Inclusive culture that values diversity and supports continuous learning.
- Why this job: Make a real impact in risk management while advancing your career.
- Qualifications: Part qualified Actuary with capital modelling experience and strong problem-solving skills.
The predicted salary is between 36000 - 60000 £ per year.
Make your mark in the Risk Function at Talbot. Talbot operates within the Lloyd's Insurance Market through Syndicate 1183, Syndicate 2019, Syndicate 2478 and is part of AIG since 2018. Talbot is committed to working with brokers and clients to deliver industry leading solutions.
Capital Modelling is the team responsible for maintaining the Talbot internal model to enable an efficient and timely delivery of the assessment, aggregation and reporting of all quantifiable risks in order to inform decision making as well as to meet regulatory requirements.
How you will create an impact:
- Delivery of the Solvency UK/Lloyd's regulatory capital reporting requirements, including SCR submissions to Lloyd's (i.e. LCR forms and all other associated returns), application of the Internal Model Change Policy for model updates and the production of the annual PRA Internal Model Output ("IMO") submissions to Lloyd's.
- Collaboration with teams across the syndicate to ensure the Internal Model adequately reflects the latest view of the syndicate risk profile and to contribute to the validation of the Internal Model.
- Assist with the Internal Model use within the business, supporting Group strategic initiatives.
- Support effective Internal Model governance and produce/present internal model analysis/documentation to senior management and the Internal Model Governance Committee ("IMGC").
- Promote, encourage and support model use across the business.
- Conduct ad hoc analysis/investigations as they may arise, including assisting across other areas of the team, such as business planning investigations, stress and scenario testing, ORSA, AFR.
- Internal Model development: Assisting with the development of business related functionality and outputs that will support the business, leading on planned Igloo developments within the team, conducted in line with the Internal Model Change Policy.
- Identifying and documenting Internal Model Limitations in line with Internal Model Limitations Statement of Operating Practice.
What you'll need to succeed:
- Part qualified Actuary ideally with Capital Modelling experience.
- General insurance experience, ideally in capital modelling in the Lloyd's market.
- Quantitative background is necessary.
- Good working knowledge of Excel, Word and PowerPoint; Igloo experience desirable.
- Strong problem solving and excellent communication skills.
Ready to take your career to the next level? We would love to hear from you.
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.
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 honoured that our drive for positive change has been recognised 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.
Capital Modelling Analyst in London employer: AIG Insurance
AIG Insurance is an exceptional employer, offering a dynamic work environment where collaboration thrives, particularly in the heart of Lloyd's. With a strong emphasis on professional development, employees benefit from extensive growth opportunities and a supportive culture that values teamwork and compliance excellence. Working at AIG not only provides a chance to be part of a leading insurance firm but also ensures meaningful contributions to the financial integrity of managed syndicates.
StudySmarter Expert Advice🤫
We think this is how you could land Capital Modelling Analyst in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at Talbot or in similar roles. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by practising common questions related to capital modelling and risk assessment. We recommend using the STAR method to structure your answers—it's a great way to showcase your skills and experiences.
✨Tip Number 3
Showcase your passion for the role! When you get the chance to speak with interviewers, let them know why you're excited about capital modelling and how you can contribute to their team. Enthusiasm goes a long way!
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you're serious about joining the Talbot team.
We think you need these skills to ace Capital Modelling Analyst in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Capital Modelling Analyst role. Highlight your relevant experience in capital modelling and any specific projects you've worked on that relate to the Lloyd's market. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how you can contribute to our team. Be sure to mention your problem-solving skills and any experience with regulatory capital reporting, as these are key for us.
Showcase Your Skills:Don’t forget to highlight your technical skills, especially your proficiency in Excel, Word, and PowerPoint. If you have experience with Igloo, make sure to mention that too! We love seeing candidates who can bring strong quantitative skills to the table.
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s super easy and ensures your application goes directly to us. Plus, it shows you’re serious about joining our team at Talbot!
How to prepare for a job interview at AIG Insurance
✨Know Your Numbers
As a Capital Modelling Analyst, you'll be dealing with complex quantitative data. Brush up on your understanding of capital modelling concepts and regulatory requirements specific to the Lloyd's market. Be prepared to discuss how you would approach SCR submissions and model validations.
✨Excel is Your Best Friend
Since good working knowledge of Excel is essential for this role, make sure you're comfortable with advanced functions and data analysis techniques. Consider preparing a few examples of how you've used Excel in past roles to solve problems or present data effectively.
✨Communication is Key
Strong communication skills are crucial, especially when presenting model analysis to senior management. Practice explaining complex concepts in simple terms, as you may need to convey technical information to non-technical stakeholders during the interview.
✨Show Your Collaborative Spirit
This role involves collaboration across teams, so be ready to share examples of how you've worked effectively with others in the past. Highlight any experience you have in promoting model use within a business context, as well as your ability to support strategic initiatives.
