ERM Risk Analyst

ERM Risk Analyst

London Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Support risk management processes and collaborate with leaders to drive informed decision-making.
  • Company: AIG is a global leader in insurance, dedicated to innovative solutions and community support.
  • Benefits: Enjoy a comprehensive benefits package focused on health, wellbeing, and professional development.
  • Why this job: Gain valuable experience in risk management while working in a culture of inclusion and growth.
  • Qualifications: Experience in risk roles, strong analytical skills, and a desire to learn are essential.
  • Other info: AIG values in-person collaboration to foster a supportive work environment.

The predicted salary is between 36000 - 60000 £ per year.

Join us an ERM Risk Analyst to take your career to the next level with a global market leader.
Make your mark in Enterprise Risk Management
The Enterprise Risk Management (ERM) team partners with leaders from across the AIG organization to inform strategic decision-making and to facilitate informed risk-taking that drives profitable growth. ERM ensures we have the right tools, processes and systems in place to identify, measure and manage our risks. As an ERM colleague, you can enhance your commercial acumen by helping to shape and support our approach to risk.
How you will create an impact:
This is a fantastic role for someone with a couple of years of risk experience, who wants to broaden their risk skills and competence within a market leading commercial insurer. This is a great opportunity to build your product and operational knowledge, whilst gaining exposure to interesting and evolving areas of risk and the senior leaders who manage them.
Some of the key responsibilities include:

  • Support the ERM Business Partner in delivering the UK Operational Risk Framework, including AIG UK\’s Risk Event Capture and Analysis Programme.
  • Help to coordinate inputs from subject matter experts across the AIG business to deliver ERM objectives, including the annual Risk Review of the Business Plan, ORSA, UK Climate Risk Plan, Emerging Risks Reporting, and Stress Testing.
  • Support the effective operation of the AIG UK risk governance process through assisting with the production of Executive and Board Risk Committee packs and minute taking.
  • Prepare draft reports, presentations, and contributions for key ERM reports.
  • Support UK ERM\’s engagement with UK Heads of Underwriting and Heads of Business Functions, ensuring substantive decisions and actions from meetings are documented and circulated to attendees in a timely manner.
  • Support the delivery of AIG UK\’s Stress and Scenario Testing, including Solvency & Capital Stress Testing, Target Capital Stress Testing, Reverse Stress Testing and ad-hoc stress tests as required for internal and external purposes.
  • Support the Operational Risk scenario calibration process, including preparation for and attendance at scenario workshops
  • Support the update of AIG UK\’s Risk Appetite framework and update of AIG UK\’s Risk Register
  • Support the wider deliverables of the ERM team e.g., assisting with the Internal Model Validation processes, assisting with regulator required reports and responses.

What you\’ll need to succeed

  • Experience in a risk role within financial services or another regulated industry
  • Experience of preparing summaries of in-depth reports and quantitative measures
  • Experience of using risk-assessment tools including MI, KRIs and Risk Reviews
  • Experience of committee administration, including preparing draft reports and minute taking
  • An inquisitive mind-set and a strong desire to learn

#LI-AIG
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
Functional Area:
RK – Risk
AIG Europe S.A. (U.K. Service Branch) & American International Group UK Ltd #J-18808-Ljbffr

ERM Risk Analyst employer: American International Group, Inc.

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 where diverse talents are celebrated, and continuous learning is encouraged. As an ERM Risk Analyst in the heart of the UK, you will have the opportunity to engage with senior leaders and contribute to impactful risk management initiatives within a globally recognised organisation.
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Contact Detail:

American International Group, Inc. Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land ERM Risk Analyst

✨Tip Number 1

Familiarise yourself with the key responsibilities outlined in the job description. Understanding the specifics of the UK Operational Risk Framework and the various risk assessment tools mentioned will help you engage in meaningful conversations during interviews.

✨Tip Number 2

Network with professionals in the Enterprise Risk Management field, especially those who work at AIG or similar companies. Attend industry events or webinars to gain insights and potentially make connections that could refer you for the role.

✨Tip Number 3

Stay updated on current trends and challenges in risk management, particularly in the financial services sector. Being able to discuss recent developments or case studies can demonstrate your knowledge and enthusiasm for the role.

✨Tip Number 4

Prepare to discuss your previous experience in risk roles, focusing on how you've contributed to risk assessments and governance processes. Highlighting specific examples will show your capability and readiness for the responsibilities of an ERM Risk Analyst.

We think you need these skills to ace ERM Risk Analyst

Risk Assessment
Quantitative Analysis
Report Writing
Committee Administration
Minute Taking
Operational Risk Management
Stress Testing
Scenario Calibration
Communication Skills
Stakeholder Engagement
Attention to Detail
Analytical Thinking
Problem-Solving Skills
Knowledge of Regulatory Requirements

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in risk management, particularly within financial services or regulated industries. Emphasise any specific tools or methodologies you've used, such as risk-assessment tools and committee administration.

Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your background aligns with the responsibilities listed, such as supporting risk governance processes and preparing reports. Show that you understand AIG's commitment to collaboration and inclusion.

Showcase Your Analytical Skills: Provide examples of how you've used quantitative measures and risk assessment tools in previous roles. Highlight any experience with stress testing or scenario analysis, as these are key components of the ERM Risk Analyst position.

Demonstrate Your Inquisitive Mindset: Convey your eagerness to learn and grow within the role. Mention any relevant training or certifications you've pursued, and express your interest in further professional development opportunities at AIG.

How to prepare for a job interview at American International Group, Inc.

✨Understand the ERM Framework

Familiarise yourself with the Enterprise Risk Management framework and its key components. Be prepared to discuss how you can contribute to the UK Operational Risk Framework and the importance of risk event capture and analysis.

✨Showcase Your Analytical Skills

Highlight your experience with risk-assessment tools and quantitative measures. Be ready to provide examples of how you've used these tools in previous roles to support decision-making and risk management.

✨Prepare for Committee Administration Questions

Since the role involves committee administration, brush up on your report drafting and minute-taking skills. Be prepared to discuss your experience in these areas and how you ensure accuracy and clarity in documentation.

✨Demonstrate Your Inquisitive Mindset

Express your eagerness to learn and grow within the risk management field. Share examples of how you've sought out new knowledge or skills in past roles, and how this mindset will benefit the ERM team.

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