Capital Model Development Lead

Description:

We are looking for a Capital Model Development Lead who will be responsible for the design, implementation and testing of new model build for AIG's Group and Local Economic Capital Models. This is a fantastic opportunity to be involved in the development of a brand new capital model for a large global insurer.

Some of the key responsibilities include:
Maintenance of a model development plan which prioritizes features most aligned with AIG’s risk profile and assessing the strengths and weaknesses of alternate methodologies.
Collaborate with internal stakeholders, including ERM, Actuarial, Underwriting or Finance, on business requirements, design, output test results, key methodology decisions and updates on model development plans.
Participate in Working Groups to develop new methodologies and metrics.
Documentation of the model and lead role in interaction with the Internal Model Validation team.
Ensure logs, reports and documentation are maintained and available for use/review by both internal and external parties.
Responsible for preparing for; and presenting to Risk Committees on model changes, developments and the Model Development Plan
Responsible for managing a model development team and providing mentoring for more junior model staff.

What we're looking for

An experienced economic capital modeler with experience of stochastic modelling techniques.
Experience in the General Insurance industry
Strong Igloo Modelling experience, developing to specifications, retro fitting processes to new standard library components, report development.
Experience in managing large projects – ensuring appropriate allocation of resources and ability to plan for tight deadlines.
Strong leadership skills with the ability to manage, coach and mentor colleagues.
Strong quality control and review skills, both qualitative and quantitative, including providing opinions on model inputs and calibrations and sense checking outputs.
Strong written and verbal communication with the ability to present to stakeholders and write reports.
Knowledge and experience in the regulation of Solvency II and other related regulatory regimes.