Capital Modeller

American International Group; Greater London; On-site; GBP 40,000 - 60,000; Full time

Job summary

A global insurance leader in Greater London is seeking a Capital Modeller. This role involves leading development in capital modelling processes and supporting risk analysis across various areas. Candidates should have 5+ years of experience in capital modelling and proficiency in programming languages like R or Python. The work environment emphasizes collaboration and professional integrity. Benefits focus on health, well-being, and financial security, fostering a culture of inclusion.

Benefits

Total Rewards Program

Continuous learning and development

Focus on health and well-being

Qualifications

• 5+ years of experience in General Insurance capital modelling, pricing or reserving.
• Experience with statistical programming languages such as R or Python.
• Proven ability to work independently and show flexibility.

Responsibilities

• Lead the development of new processes or overhaul current processes to improve compliance.
• Communicate model output and changes to stakeholders and governance.
• Support business partners with capital model uses including analysis and reporting.

Skills

General Insurance capital modelling

Statistical programming languages (R, Python)

Good communication skills

Critical thinking

Problem-solving

Education

Qualified Actuary or MSc in a quantitative field

Tools

WTW Igloo

Job description

Capital Modeller page is loaded## Capital Modellerlocations: Londontime type: Full timeposted on: Posted Todayjob requisition id: JR2506975Join us as a Capital Modeller to take your career to the next level with a global market leader.**Make your mark in Capital Modelling**Economic Capital is of importance at AIG as it helps to quantify the trade-off between risk and return and informs risk-aware business decisions that support corporate objectives. At a group-wide level Economic Capital is used as part of use in capital and risk management, budgeting, strategy and pricing. At a legal entity level Economic Capital is the regulatory capital for UK, Europe and Talbot legal entities and is used to set the target capital levels for US, Canada, Bermuda and Japan.**How you will create an impact**This role is an excellent opportunity to join a forward-thinking team and business with a focus on update, reporting and use of Economic Capital Models.* The Capital Modelling Risk Analyst would be responsible end-to-end processes in various risk areas, e.g. Insurance Risk, including Nat Cat, Man Made-Cat and Non-Cat risk, Market Risk, Credit Risk and Operational Risks.* The modeler will lead on development of new processes or the overhaul of current 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 of volatility, capital allocation, technical pricing or reinsurance effectiveness. Support to business partners in ERM would relate to review of capital plans, stress testing, risk appetite, risk reporting or the ORSA.* Working with Subject Matter Experts from other areas of the model to meet timelines in the delivery of model updates, changes, documentation and capital solutions for quarterly model reporting, Major Model Changes and other regulatory filings.* Ensure logs, reports and documentation such as the Technical Issues log/Expert Judgement Log, Sensitivity Testing Report and Model documentation are maintained and available for use/review by both internal and external parties.* Coordinate ongoing quality assurance and checking and support the independent validation reviews of model.* Coach junior staff, including regular review of their work**What you'll need to succeed:*** Qualified Actuary or MSc in a quantitative field or equivalent preferred.* 5+ years of experience in General Insurance capital modelling, pricing or reserving.* Experience of using with statistical programming languages, such as R or Python. Experience using and coding in WTW Igloo for capital modelling is a plus.* Good communication skills, both written and verbal.* Excellent critical thinking and problem-solving skills* Ability to work under own initiative and show flexibility to meet business needs* Professional behaviour with high level of integrity.#LI-AIGAt 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 [e-mail] Area:RK - RiskAIG Europe S.A. (U.K. Service Branch) & American International Group UK Ltd