Capital Modelling Risk Analyst in London

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 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.

• 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 in 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 honoured 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 Area: RK - Risk AIG Europe S.A. (U.K. Service Branch) & American International Group UK Ltd.