Sr. Risk Analyst, Catastrophe Risk Model Validation
One of the largest global insurers is seeking qualified candidates to join the Independent Validation unit within the Corporate Enterprise Risk Management function. Interested individuals will have a unique opportunity to obtain a broad perspective on the analytical capabilities of a firm with a highly complex balance sheet with extremely diverse assets and liabilities. Analytical models requiring review and effective challenge span from variable and fixed annuities, predictive premium pricing and natural catastrophe models, to complex structured products and economic capital models. Establishing and executing on an effective Model Risk Management has been identified as strategic objective by Senior Management ensuring the active engagement of model owners and the availability of analytical tools and resources.
AIG PC has an opportunity for a senior catastrophe risk analyst within the newly-formed Model Risk Management group within Enterprise Risk Management.
The role will report to a senior director in AIG PC Model Risk Management.
The key responsibilities include but not limited to:
- Assist with performing independent validation of various catastrophe models in Property Casualty. Validation includes the assessment of model conceptual soundness, evaluation of data and assumptions, testing model computational accuracy, and performing outcomes analysis (such as back-testing and benchmarking)
- Applying methodologies and techniques to validate and assess model risks associated with Catastrophe models.
- Communicate and present effectively on selected model risk validation results and on-going model performance to senior management and risk committees
The ideal candidate should have:
- Graduate degree in a quantitative field.
- Minimum 2-4 years of experience within insurance or reinsurance industry.
- Detail knowledge of vendor produced industry catastrophe models.
- Proven track record of strong technical model development.
- Excellent written and verbal communication skills.
- Excellent analytical and critical thinking skills.
- Working knowledge of using SQL Server.
- Competency programming in languages such as VBA, MATLAB, R, C#, or Python
About AIG
American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States.
AIG Property Casualty is a global market leader, one of the few truly global property casualty franchises.
AIG Life and Retirement is one of the largest life insurance organizations in the U.S., and provides protection, investment and income solutions needed for financial and retirement security.
United Guaranty Corporation is the marketplace leader in mortgage insurance in the U.S.
Additional information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIG_LatestNews | LinkedIn: www.linkedin.com/company/aig
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