• Job Description

  Req#: JR2306204

  Who we are

  American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property casualty insurance in approximately 70 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets and manage risks.

  What you need to know:

  The role involves working in the 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, AIRCO (Bermuda) and other models.

  Some of the key responsibilities include:

  • Support model parameterisation, model update, testing and review of results.
  • Support the market risk team in the development and documentation of financial models
  • Investigation of existing methodologies and development of new methodologies to meet business requirements.
  • Support the development of new processes to improve efficiency or regulatory compliance.
  • 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.
  • Work with Subject Matter Experts from other areas of the model to meet timelines in the delivery of model changes, 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 we’re looking for:

  • Postgraduate degree in Mathematics or Statistics, or Actuarial student making progress towards qualification.
  • Ideally 2+ years of experience in risk and Capital Modelling for an Insurance company.
  • Experience of using with programming languages, such as Python, R or MatLab, and ability to learn new ones.
  • Knowledge of financial modelling based on stochastic processes
  • Experience of Igloo or other Capital Modelling platforms is preferred.
  • Proven proficiency in mathematical, statistical, and actuarial methodologies.
  • Knowledge of various General Insurance products and roles of different risk types.
  • Experience with Pricing, Reserving or Capital Modeling and intention to pursue a career as a Property & Casualty Actuary

  #LI-AIG

  A look at our Benefits

  We're proud to offer a range of employee benefits and resources that help you protect what matters most - your health care, savings, financial protection and wellbeing. We provide a variety of leaves for personal, health, family and military needs. For example, our "Giving Back" program allows you to take up to 16 hours a year to volunteer in your community. Our global mental health and wellness days off provide all colleagues with a paid day off to focus on their mental health and wellbeing.

  
  We also believe in fostering our colleagues' development and offer a range of learning opportunities for colleagues to hone their professional skills to position themselves for the next steps of their careers. We have a tuition reimbursement program for eligible colleagues to enhance their education, skills, and knowledge in areas that relate to their current position or future positions to which they may transfer or progress.

  We are an Equal Opportunity Employer

  American International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. We provide 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 such as sexual orientation. At AIG, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

  To learn more please visit: https://www.aig.com/about-us/diversity-equity-and-inclusion

  AIG is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to candidatecare@aig.com . Reasonable accommodations will be determined on a case-by-case basis.

  Functional Area:

  RK - Risk

  Estimated Travel Percentage (%): Up to 25%

  Relocation Provided: No

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

• About the company

  We're a leading global insurance organization with operations in more than 80 countries and jurisdictions. We provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to support our clients in business and in life through our General Insurance, Life & Retirement and Investments business units. What unites us across all of these offerings is our commitment to helping individuals, businesses and communities prepare for and respond to times of uncertainty. Whether serving those facing natural disasters or millions of Americans striving for a financially secure retirement, we have the specialist expertise to help clients better manage risk.

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