Functional Area:
RK - Risk Estimated Travel Percentage (%): Up to 25%
Relocation Provided: No
AIG PC Global Services, Inc
AIG’s Enterprise Risk Management sets AIG’s global corporate strategy for risk management and supports the front line risk takers in proactively managing risks in support of AIG’s goal to be our clients most valued insurer. Our mission is to identify, quantify, and manage risks proactively developing a framework to maintain successful business operations and deliver sustainable, long-term profitability. ERM is made up of both corporate and business unit risk professionals working collaboratively as “one team” to improve decision-making through better analytics that create transparency, and focus on the mitigation of the top risks that could damage AIG’s intrinsic value. ERM partners with risk professionals embedded in the businesses as well as other operations throughout AIG’s key geographic modules to apply the risk policies (e.g. Operational Risk, Reinsurance) and ensure information flows seamlessly to the corporate level.
As a People Manager and Senior Leader, you make the difference in an employee’s experience at work. Great managers provide direction, motivate and grow talent, and empower and coach teams toward higher levels of performance. The quality of Senior Leadership is a defining factor for a company’s success. Senior Leaders are responsible for developing business strategies and/or translating those strategies into meaningful outcomes and ultimately, business results. As a Senior Leader, you reach across geographical and functional boundaries to create alliances that further the organization’s objectives and market position. Your deep and broad industry knowledge allows you to foresee external conditions that could potentially affect AIG’s future.
This role will have responsibility of ownership and implementation of AIG’s Enterprise Risk Management (ERM) framework across the General Insurance (GI) global Specialty businesses, reporting to the General Insurance Risk Officer.
- Lead a team of ERM managers / analysts and facilitate end-to-end implementation of ERM within the GI Specialty business units (Marine, Aerospace, Energy, Credit Lines). Serve as ERM’s point-person for engagement with the GI Specialty leadership team.
- Monitor and assess end-to-end risk profile for GI Specialty businesses. Identify / address risks that have the potential to materially impact execution of GI Specialty’s strategy; analyze / escalate pertinent risk issues to Risk Committees.
- Provide ERM perspective, input, and effective challenge to the GI Specialty:
- Strategy and budget
- Risk modeling (premium, reserve, man-made catastrophe, terrorism, cyber, pandemic, credit, operational, model)
- Technical pricing and reserving approaches (in partnership with ERM’s Actuarial Challenge team)
- Large transactions that have the potential to materially impact GI’s risk profile
- Operational risk management practices and activities
- Model risk management practices and activities
- Others ad-hoc as needed
- Strengthen risk management culture within GI Specialty business units, assuring proper balance between growth, profitability and risk, including contemplation of performance incentive structure
- Lead education and awareness on key AIG ERM framework components, e.g., risk appetite and limits, risk identification, risk aggregation, model validation, economic capital allocations
- Maintain / update risk policy documentation and oversee implementation in Specialty businesses to ensure decisions are well-governed and consistent with AIG’s risk framework / appetite
- Partner with Chief Underwriting Office to support Specialty risk analytics and reporting
- Steer economic capital model methodology and enhancement of uses in pricing and risk selection within the Specialty businesses
- Identify opportunities, collaborate and support AIG’s business units in areas of innovation, technology, data and analytics
What we are looking for -
- Business acumen with a proven track record of making sound judgments backed by strong analytical and quantitative skills
- Broad based General Insurance industry experience, including knowledge of Specialty insurance products and the associated risks
- Significant risk management experience
- Proven ability to influence and gain commitment from colleagues
- Demonstrated ability to work across interdisciplinary teams that are geographically dispersed
- Strong communication skills (oral and written)
- Ability to anticipate and effectively manage change
- Extensive experience operating in a global organization
It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. 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.
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.
