Capital Modeller

Join us as a Capital Modeller to take your career to the next level with a global market leader.

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.

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.

• 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.

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