At a Glance
- Tasks: Lead the insurance risk team and enhance risk management across Talbot.
- Company: Join AIG, a global leader in insurance solutions with a culture of inclusion.
- Benefits: Comprehensive benefits package focusing on health, wellbeing, and professional development.
- Other info: Collaborative office culture that values teamwork and personal growth.
- Why this job: Make a real impact in a pivotal role within a dynamic and innovative environment.
- Qualifications: Extensive experience in insurance risk management and strong leadership skills required.
The predicted salary is between 80000 - 100000 £ per year.
Join us as Head of Insurance Risk to take your career to the next level with a global market leader.
Make your mark in Talbot
With offices in the U.S., London and Asia Pacific, Talbot is the managing agent of Syndicates 1183, 2019, 2478 and 2479 at Lloyd’s. Syndicate 1183 underwrites a number of classes of business including war and terrorism, energy, marine, financial lines, cyber, political risk, crisis management and property. Through its expert team of underwriters and a balanced, geographically-diverse portfolio of business, Talbot has earned a reputation as an industry-leading insurance and reinsurance specialist.
How you will create an impact
This is a fantastic business facing role for a senior leader with a quantitative risk background to join our risk team. This pivotal role will provide oversight and challenge over all insurance risks, as well as leading on Internal Model validation activities.
Some of the key responsibilities include:
- Lead the insurance risk sub-team;
- Continue the enhancement of Risk Management across Talbot, ensuring consistency with the Group’s ERM framework, with specific focus on insurance risk;
- Provide second line challenge of underwriting, reserving, pricing, exposure management, capital modelling and reinsurance;
- Lead the quarterly reporting cycle for insurance risks, providing risk expertise and challenge;
- Oversight and enhancement of risk appetite for insurance risks, including catastrophe, underwriting and reserve risk;
- Identify and assess the key risks to the achievability of Talbot’s business plans;
- Carry out risk assessments and deep dives of underwriting classes and other insurance risks;
- Oversight of stress and scenario testing and reverse stress testing;
- Lead the production of the quantitative elements of the Own Risk and Solvency Assessment Reports;
- Accountable for the validation of Talbot’s Internal Models, including planning the validation cycle, execution and review of validation testing and findings and presentation of findings to the relevant committees;
- Oversight of annual Board and Regulatory Internal Model validation reports;
- Oversight of material expert judgements and associated documentation;
- Remaining up-to-date with industry and Lloyd’s Internal Model validation standards;
- Represent the Risk Management team at Internal Model Governance Committee;
- In collaboration with the Capital Modelling team, to support the on-going development and use of the Internal Model.
What you’ll need to succeed
- Extensive insurance risk management, actuarial or capital modelling experience from an insurer or a consultancy;
- Qualified actuary with internal model validation experience;
- Self-starter with strong communication skills;
- Strong financial analysis and data interpretation skills;
- Skilled at presenting complex risk information to senior stakeholders;
- Strong leadership presence, with ability to build relationships with senior Management.
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 Area: RK - Risk Talbot Underwriting Services Ltd (TS1).
Talbot Head of Insurance Risk in London employer: American International Group
At AIG, we pride ourselves on being a global leader in insurance solutions, offering a dynamic work environment in London that fosters collaboration and innovation. Our Total Rewards Program ensures that our employees' health, wellbeing, and professional development are prioritised, while our commitment to inclusion and continuous learning creates a supportive culture where everyone can thrive. Join us as Head of Insurance Risk and be part of a team that values your expertise and empowers you to make a meaningful impact.
Contact Details:
American International Group Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Talbot Head of Insurance Risk in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and risk management sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings at Talbot or other companies.
✨Tip Number 2
Prepare for interviews by researching Talbot’s recent projects and challenges in the insurance risk space. Tailor your responses to show how your experience aligns with their needs. Remember, it’s all about demonstrating how you can make an impact!
✨Tip Number 3
Practice your pitch! You’ll want to clearly articulate your background in insurance risk management and internal model validation. Keep it concise but impactful—this is your chance to shine and show why you’re the perfect fit for the Head of Insurance Risk role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive about their job search. So, get that application in and let’s make your mark together at Talbot!
We think you need these skills to ace Talbot Head of Insurance Risk in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Head of Insurance Risk role. Highlight your extensive insurance risk management experience and any relevant qualifications, like being a qualified actuary. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role at Talbot. Share specific examples of your leadership experience and how you've tackled complex risk challenges in the past.
Showcase Your Communication Skills:Since strong communication skills are key for this role, make sure to demonstrate them in your application. Whether it's through clear language in your CV or a well-structured cover letter, we want to see how you can present complex information effectively.
Apply Through Our Website:Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at Talbot!
How to prepare for a job interview at American International Group
✨Know Your Risk Management Inside Out
Make sure you brush up on your knowledge of insurance risk management, especially in relation to quantitative risk. Be prepared to discuss your experience with internal model validation and how it aligns with Talbot's risk framework.
✨Showcase Your Leadership Skills
As a senior leader, it's crucial to demonstrate your leadership presence. Think of examples where you've successfully led teams or projects, particularly in challenging situations. This will show that you can build relationships with senior management effectively.
✨Prepare for Complex Discussions
You’ll likely need to present complex risk information to stakeholders. Practice explaining intricate concepts in simple terms, as this will highlight your communication skills and ability to engage with diverse audiences.
✨Stay Updated on Industry Standards
Familiarise yourself with the latest industry standards and practices related to internal model validation. Being knowledgeable about current trends will not only impress your interviewers but also show your commitment to continuous learning.
