At a Glance
- Tasks: Join our team to analyse and model capital risks in a global insurance company.
- Company: AIG, a leading international insurance provider with a focus on innovation.
- Benefits: Comprehensive benefits package, professional development, and a supportive work environment.
- Other info: Inclusive culture with opportunities for growth and collaboration.
- Why this job: Kickstart your actuarial career while making a real impact in risk management.
- Qualifications: Degree in Mathematics or Statistics; coding skills in Python or R preferred.
The predicted salary is between 49500 - 60500 £ per year.
Join us as a Capital Modelling Risk Analyst to take your career to the next level with an international market leader.
This role is part of our Capital Modelling and Risk Analytics Team, including the AIG Group model used for capital, risk management and portfolio management at a firm-wide level as well as Europe (AESA) and UK Solvency II Approved Internal Models. The team acts as a centre of excellence for capital modelling and supports other models around the group, such as for Canada, Japan and AIRCO (Bermuda).
How you will create an impact
You will work across all Insurance Risk areas including Nat Cat, Man-Made Cat, and Non-Cat risk, Market Risk, Credit Risk and Operational Risks, and you will support the quantification of Reserve and Premium Risks for a global General Insurance company. This is a fantastic role for a bright, enthusiastic graduate who has an interest in developing a career in Actuarial. We offer great career progression, and we will support you in developing your technical skills and in becoming a qualified Actuary.
Some of the key areas of activity include:
- The work will include a range from model parameterisation, updating, testing and review of results.
- The work may require the investigation of existing methodologies and development of new methodologies to meet business requirements.
- Communicate model output and changes to key stakeholders and to governance committees as required.
- Support business partners in Actuarial or Finance with uses of the capital model, whether analysis on volatility, capital allocation or reinsurance effectiveness.
- Supporting the development of new processes or improvement of current processes for greater efficiency.
- Working with Subject Matter Experts from Insurance Risk all areas of the model to meet timelines in the delivery of model updates, documentation and capital solutions for Major Model Changes and other regulatory filings.
- Ensure logs, reports and documentation are maintained and available for use/review by both internal and external parties.
- Support the coordination of audits and validation of project work and model changes as required, as well as ensuring ongoing quality assurance and checking.
What you'll need to succeed
- Degree in Mathematics or Statistics, or an Actuarial student making progress towards their qualification.
- Willing to pursue membership in a recognised actuarial society.
- Excellent critical thinking and problem solving skills.
- Strong work ethic with a willingness to learn.
- Work well both independently and as part of a team.
- Excellent communication and interpersonal skills.
- Coding experience in Python, R or other programming languages.
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.
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 candidatecare@aig.com.
Functional Area: RK - Risk
AIG Europe S.A. (U.K. Service Branch) & American International Group UK Ltd
Location: London
Type: Full time
Capital Modelling Risk Analyst in London employer: American International Group (AIG)
AIG is an exceptional employer that prioritises the growth and well-being of its employees, offering a comprehensive Total Rewards Program that supports health, financial security, and professional development. With a strong emphasis on collaboration and inclusion, AIG fosters a vibrant work culture in London where diverse talents are celebrated, and continuous learning is encouraged, making it an ideal place for those looking to make a meaningful impact in the field of data governance.
Contact Details:
American International Group (AIG) Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Capital Modelling Risk Analyst in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
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✨Look Out for Graduate Schemes
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Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like American International Group (AIG). Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Capital Modelling Risk Analyst in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at American International Group (AIG).
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at American International Group (AIG). Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at American International Group (AIG)
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at American International Group (AIG) to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at American International Group (AIG), they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding American International Group (AIG)'s values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
