Lead Capital Modeller

5 months ago

London, United Kingdom AIG Full time

Join us as a Lead Capital Modeller to take your career to the next level with a global market leader where you will have the unique opportunity to work on the development of a new capital model for a large multinational insurer.

Make your mark in Capital Modelling

Economic capital is of growing importance at AIG as part of use in capital and risk management, budgeting, strategy and pricing.  It acts as a guide in the trade-off between risk and return and helps guide as AIG seeks to achieve the highest Return on Equity for investors. 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.

How you will create an impact

This is an excellent opportunity to take a lead role in AIG’s Economic Capital Modelling Team, covering both the Global and Local Economic Capital Models. You will have a unique opportunity to develop and improve existing modelling methods, staying on top of and advancing industry practice so that AIG’s models remain best in class.

Some of the key responsibilities include:

  • Leading the design, implementation and testing of a new model build for both AIG’s Group and Local Economic Capital Models. This includes alignment to the model development plan which prioritizes features most aligned with AIG’s risk profile and assessing the strengths and weaknesses of alternate methodologies.
  • Collaborate with internal stakeholders, including ERM, Actuarial, Underwriting or Finance, on business requirements, design, output test results, key methodology decisions and updates on model development plans.
  • Leading and participate in working groups to develop new methodologies and metrics.
  • Involvement with the Capital Modelling Team in wider advanced uses of the Economic Capital Models and ad-hoc business uses including for Portfolio Management, Capital Management, Reinsurance, Risk Management and Asset Management.
  • Present to Risk Committees on model changes and model developments.
  • Documentation of the model and lead role in interaction with the Internal Model Validation team.
  • Ensure logs, reports and documentation are maintained and available for use/review by both internal and external parties.
  • Coach, train and mentor Analysts on Capital Modelling and review their work.

What you’ll need to succeed

  • Degree in a quantitative field
  • Qualified or nearly qualified Actuary
  • Extensive experience as a GI Economic Capital Modeller
  • Experience of stochastic modelling techniques in all areas of capital modelling, including Insurance Risk, Market & Credit Risk, Operational Risk, Reinsurance and aggregation methods.
  • Strong experience in Igloo Modelling is preferred, although experience in other modelling platforms would be considered.
  • Knowledge and experience in the regulation of Solvency II and other related regulatory regimes. 
  • Experience in large projects and team co-ordination
  • Strong quality control and review skills, both qualitative and quantitative
  • Strong written and verbal communication skills with the ability to write reports and deliver presentations.

#LI-AIG

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 belonging

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 our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity 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.

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

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