Senior Risk Analyst at AIG

Boston, Massachusetts, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Financial ServicesIndustries

Requirements

Bachelor’s degree with 2+ years of experience, or an advanced degree with 1+ years of experience in STEM, risk management, insurance, actuarial science, data science or related fields
Strong interest and understanding of insurance risk management, aggregation analysis, and scenario design
Strong analytical and problem-solving mindset, including ability to conduct independent research and deliver results efficiently
Strong proficiency in Microsoft Office Suite, particularly Excel and PowerPoint
Proficiency in SQL and demonstrable capabilities in GIS (ArcGIS, QGIS, etc.)
Experience in scripting languages such as Python or R, with the ability to develop independent analytical tools
Excellent written and verbal communication skills, with the ability to explain technical concepts to business stakeholders
Proven ability to collaborate effectively
Familiarity with risk aggregation tools and data analysis techniques (plus)

Responsibilities

Support the identification, assessment, and aggregation of significant risks globally to create a comprehensive, enterprise-wide view of the risk exposure
Support the design, analysis, and quantification of holistic risk scenarios
Conduct independent research and support scenario development for key risk areas
Extract and analyze data from various internal and external sources across risk categories
Summarize and report on risk insights to promote risk awareness and inform risk management actions
Assist the development of methodologies and reporting for risk aggregations
Support risk projects including researching, compiling, analyzing and summarizing findings to produce insightful risk reports for senior leadership, as needed
Collaborate with other teams across functions, regions, and business lines to develop risk exposure assessment capabilities and to drive consistency in risk aggregation approaches

Skills

Key technologies and capabilities for this role

Risk AggregationEnterprise Risk ManagementRisk AssessmentData AnalysisScenario AnalysisRisk ReportingSQLExcelRisk Quantification

Questions & Answers

Common questions about this position

What is the base salary range for the Senior Risk Analyst position?

The base salary range for this position is $65,000-$81,000.

Is this role remote or does it require working from an office?

This information is not specified in the job description.

What skills are required for the Senior Risk Analyst role?

Required skills include strong proficiency in Microsoft Office Suite (particularly Excel and PowerPoint), proficiency in SQL, experience in scripting languages such as Python or R, and excellent written and verbal communication skills.

What is the company culture like at AIG for this role?

AIG emphasizes fostering a risk-aware culture, collaborating across functions, regions, and business lines, and providing data-driven insights within a world-class Enterprise Risk Management function.

What qualifications make a strong candidate for this position?

A Bachelor’s degree with 2+ years of experience, or an advanced degree with 1+ years in STEM, risk management, insurance, actuarial science, data science or related fields, combined with a strong analytical mindset and proficiency in key technical tools, will make a strong candidate.

AIG

Global insurance provider for individuals and businesses

About AIG

AIG provides a variety of insurance products and services aimed at individuals, families, and businesses. Their offerings include life insurance, retirement planning, and commercial insurance, which help clients manage risk and protect their assets. AIG operates by underwriting insurance policies and managing risk, while also investing the premiums collected to generate income. This company stands out from competitors by not only focusing on traditional insurance but also emphasizing cybersecurity and data protection to keep clients' information safe. AIG's goal is to help clients achieve financial security and peace of mind through comprehensive insurance solutions.

New York City, New YorkHeadquarters

1919Year Founded

IPOCompany Stage

Cybersecurity, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision coverage

Flexible Spending Accounts (FSA)

401(k)

PTO

Commuter Expense Reimbursement Account

Risks

Sale of personal travel business may reduce AIG's market presence in travel insurance.

Expansion in Atlanta could pose financial risks if expected growth does not materialize.

Deconsolidation of Corebridge Financial might lead to loss of synergies and increased costs.

Differentiation

AIG offers a wide range of insurance products globally, serving diverse client needs.

Corebridge Financial, a subsidiary, enhances AIG's offerings in retirement planning and financial futures.

AIG emphasizes cybersecurity and data protection, ensuring clients' information remains secure.

Upsides

AI adoption in underwriting and claims processing enhances efficiency and reduces costs for AIG.

InsurTech partnerships offer AIG opportunities to enhance digital capabilities and drive innovation.

Telematics and usage-based insurance allow AIG to offer personalized and flexible products.

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