Catastrophe Research Manager in London

Join us as a Catastrophe Research Manager to take your career to the next level with a global market leader. Make your mark in Cat Modelling. 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 as 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 a manager on 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, you will support the implementation of industry leading analytics, research practices, and model development across the organisation. The role offers the opportunity to interact with and advise senior management across the business functions, as well as an ability to influence global catastrophe risk modelling and exposure management efforts.

Some of the key responsibilities include:

• 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.

What you'll need to succeed

• 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.

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.