Capital Modeling Risk Analyst - Model Development

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

How you will create an impact

Reporting to the Head of Group Capital Modeling and Model Development you will work in the Capital Modelling and Risk Analytics Team. You will support the development, testing, and documentation of the AIG Group Economic Capital model used for capital, risk management and portfolio management at a firm-wide level. You will also support the model development for AIG’s Legal Entity Economic Capital Models including European and UK Solvency II Approved Internal Models, Talbot, Canada, Japan, AIRCO (Bermuda) as well as other models where required.

Some of the key responsibilities include:

• Implementation and testing of a new model build for both AIG’s Group and Legal Entity Economic Capital Models.  Includes also assessing the strengths and weaknesses of alternate methodologies.
• Supporting wider advanced uses of AIG’s Group Economic Capital Models and ad-hoc business uses including for Portfolio Management, Risk Aggregation, Capital Management, Reinsurance, Risk Management and Asset Management.
• Writing and updating model documentation and testing output of the model presenting this to the development team management.
• Ensure logs, reports and other deliverables are maintained and available for use/review by both internal and external parties.

What you'll need to succeed

• Postgraduate degree in Mathematics or Statistics or an Actuarial student making progress towards qualification.
• Knowledge of GI economic capital modeling and stochastic modeling techniques in various areas of capital modelling (Premium and Reserve Risk, Man-Made Cat and Nat Cat, Market Risk, Credit Risk, Operational Risk and Reinsurance).
• Experience in developing and testing probabilistic models for insurance, risk management or financial applications.
• Experience with Igloo is preferred as it is the primary capital modelling platform used, however experience with other platforms (e.g. Remetrica, Tyche) would also be considered.
• Coding experience in Python, R or other programming languages.
• Ability to convert research into practical applications for an insurance company.
• Strong quality control and review skills.
• Written and verbal communication, presentations, report writing.
• Excellent critical thinking and problem-solving skills.
• Knowledge of Solvency II and capital modeling.

#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 [email protected].  

RK - Risk

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