Capital Modeling Risk Analyst

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Capital Modeling Risk Analyst

Apply locations London time type Full time posted on Posted Yesterday job requisition id JR2504221

Join us as a Capital Modelling Risk Analyst to take your career to the next level with an international market leader.

Make your mark in Capital Modelling

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 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

The Capital Modelling Risk Analyst will support the regular updates of the model and understanding the movements in results considering the changes in the internal and external environment. This also includes updating the relevant documentation and presenting results to stakeholders. You will provide exposure to the modelling and aggregation of General Insurance, including catastrophic and non-catastrophic risk.

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:

• Be involved in modelling of risk in any of the major risk categories: Insurance Risk, including Cat and Non-Cat risk, Market Risk, Credit Risk, and Operational Risks.
• Be involved in the modelling of Accounts which will provide them with a good understanding and knowledge of the company’s Balance Sheet and P&L accounts.
• Supporting the development of new processes or improvement of current processes for greater efficiency.
• The work will range from model parameterisation, update, testing and review of results.
• Investigating existing methodologies and development of new methodologies to meet business requirements in line with model development plans.
• Perform quantitative analysis of outputs for testing and validation purposes.
• Support business partners in Actuarial or Finance with uses of the capital model, whether analysis on volatility, capital allocation or reinsurance effectiveness.
• Confirm appropriateness and reasonability of input data for projects.
• Develop and maintain documentation relating to model developments.
• Answer ad-hoc requests from the business regarding risk and capital analysis.

What you\’ll need to succeed

• Degree in Actuarial Science, Mathematics or related discipline – 2:1 or above.
• Willing to pursue membership in a recognised actuarial society.
• Strong 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.

#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 candidatecare@aig.com .

Functional Area:

RK – RiskAIG Europe S.A. (U.K. Service Branch) & American International Group UK Ltd

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As a global risk leader with deep industry expertise and innovative solutions to smartly manage risk, AIG enables our clients’ growth in ways they never thought possible.

We also do the same for our colleagues, because we know our people are our greatest strength – the source of every insight, every idea and every innovation. When we\’re working as one team to do what\’s right for our colleagues and our communities, we can achieve excellence together. We encourage colleagues to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.

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