Insurance Risk Manager UK and EMEA - London, United Kingdom - American International Group

Description

Insurance Risk Manager UK and EMEA page is loaded

Insurance Risk Manager UK and EMEA

Join us as an Insurance Risk Manager to take your career to the next level with an international market leader.

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.

About the role

The Insurance Risk Manager (IRM) is responsible for monitoring and assessing insurance risks within the AIG UK and AESA legal entities along with the wider EMEA region. The IRM supports the Head of Insurance Risk, the AIG UK CRO, and the EMEA CRO with regulatory requirements related to the insurance business. This includes legal entity governance, regulatory requests, risk appetite setting and monitoring, and capital requirement review.

This is a fantastic role which will give you the opportunity to build an excellent internal network and work across all lines of business.

Some of the key responsibilities include:

• Assist in the identification, assessment, management, monitoring and reporting of all insurance risks, gross and net of reinsurance, material to AIG in the UK and EMEA
• Provide challenge and questioning on the management of Insurance risks. This includes providing input into the annual ORSA, business plan risk review, and updating of business plan risk watch list
• Work closely with the legal entity teams (UK and AESA) to assist with regulatory requirements such as economic model submissions and stress testing
• Contribute to the development of risk management information, advising on the data requirements to support monitoring of insurance risks and their Key Risk Indicators
• Work closely with the Economic Capital Modelling team; in particular, provide input for the man-made catastrophe calibration and review the insurance risk calibration
• Provide input into the Insurance risk appetite and monitor risk profile to address timely potential breaches
• Assist in the maintenance of effective systems and controls regarding exposure to aggregations of insurance risk within and across lines at the UK and AESA entity level
• Work with Actuarial, establishing regular reviews of the UK and EMEA pricing and reserving processes, as well as identifying key drivers of risks and trends
• Contribute to Insurance Risk Committee and sub-forums (Pricing, Risk Aggregation, Reinsurance, and Large and Unusual Transactions). Attend meetings of relevant risk forums.

What we're looking for

• Bachelor's degree or equivalent
• Strong working knowledge and familiarity of the insurance industry with an understanding of Insurance Risk
• Technical underwriting and quantitative portfolio analysis experience and experience of managing cross product line risk aggregation.
• Knowledge and practical experience of actuarial techniques or a qualified Actuary
• Familiarity with Solvency II requirements including ORSA and economic capital
• Ability to work closely with peers and build strong partnerships with key stakeholders
• Strong organizational, project management and multi-tasking skills
• Strong communication skills with the ability to facilitate discussions and assessments at varied levels of the organization

#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:

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 . Reasonable accommodations will be determined on a case-by-case basis.

Functional Area:

About Us

At AIG, helping people discover new potential is our purpose. As a global risk leader, we do this for our clients every day. Through our deep expertise in their industries and our innovative solutions that help them smartly manage risk, we enable their growth in ways they never thought possible.

But we also do the same thing for our employees, because we know our people are our greatest strength-the source of every insight, every idea and every innovation. When we're working as one team to do what's right for our colleagues and our communities, we can achieve excellence together. We encourage colleagues to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.