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AIG Senior Risk Analyst - Credit Risk in New York, New York

Who we are

American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.

About the role

Our ERM team is seeking a Senior Risk Analyst in Credit Risk Analytics. Based in New York, the successful candidate will be part of a selective group of credit quants and be actively involved in the team’s risk analytics and modeling activities. You will support the upkeep of the team’s production modeling processes with primary focus in Real Estate and Structured Products.

The scope of products covered spans all traditional capital markets credit instruments (corporate, sovereign, sub-sovereign/municipal bonds, bank loans and CDS, CLN, CLO’s, RMBS, CMBS, RML, CML, ABS, CDO) as well as business activities resulting in credit risk originating within the General Insurance and Global Capital Markets businesses. Reporting to the Director of Credit Risk Analytics, you will support the execution of the firm’s Credit Risk analytic processes, be actively involved in the team’s daily function providing analytic support for business needs and management decisions. Key stake holders include ERM’s Investment and Credit Risk Management teams, AIG Investments Portfolio Management team, General Insurance product underwriters, Finance, and Senior Corporate Leaders.

This is a great opportunity for an emerging talent who enjoys the challenge of working on a broad range of credit exposures and develop practical solutions working for a leading insurance company with major business activities throughout the world.

You are expected to have working-level understanding in financial economics and capital market and capable to perform common risk analytics independently with limited senior guidance. Strong desire to learn with good programming skill and comfort working with large data query is must.

Activities and responsibilities of the group include all aspects of credit risk analytics and model development and continuing risk management capability improvements.

We want to hear from you today if you can:

  • Develop and implement a capital attribution framework that allows consistent risk capital allocation from portfolio to single security level that is transparent and understandable to stake holders.

  • Develop an early warning signal system and monitoring dashboard.

  • Improve credit capital modeling capability to capture all firm’s credit exposures both from investment activities as well as insurance credit exposures.

  • Develop stochastic scenario generators for key risk drivers for the firm’s structured products exposures.

  • Provide analytic support to provide insights related to risk charges and return on risk for products and unusual transactions.

  • Coordinate execution of stress test, reverse stress test, risk charge and other enterprise initiatives.

  • Partner with infrastructure team for production implementation.

What we are looking for

  • Ph D in a quantitative field preferred though not necessary.

  • 2+ years working experiences in the capital markets.

  • Hands-on experiences with some of the following platforms are desirable but not necessary: Bloomberg, Polypath, Intex, Trepp/Compass/PPR major. Hands-on with database query is a must and comfortable with at least one major programming language, preferably including Python.

  • Experience with econometric modeling a plus.

  • Good understanding of statistics is essential.

  • Good communicator, energetic, team player and capable of motivating and building consensus.

What our employees like most about working for AIG

  • We care about your professional development. Our career progression program will provide you with the opportunity to develop your skills, strengthen your productivity and be eligible to progressively advance to positions with an increased responsibility and increased compensation.

  • Our “Giving Back” policy is at the core of our daily operations and guides our future progress. Don’t believe us? We put our money where our mouth is! AIG, will give you up to 16 hours a year paid time off to volunteer in the community.

  • Our people are our most important asset therefore we provide a generous benefits plan and competitive pay. Benefit package includes:

  • Paid Time Off (AIG recognizes the importance of work life balance). We offer 24 PTO days to start. YES, 24! 9 paid holidays per calendar year.

  • A 401(k) Retirement Plan which will be HARD TO BEAT. Our 401K - $1 for $1 match up to 6% with immediate vesting, plus AIG automatically contributes an additional 3% in to your 401K regardless of if you enroll or not.

    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: https://www.aig.com/about-us/diversity-equity-and-inclusion

    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 candidatecare@aig.com . Reasonable accommodations will be determined on a case-by-case basis.

In order to work from or visit an AIG office, and in accordance with the terms and conditions of AIG’s COVID-19 vaccination policy, individuals hired into this position will be required to attest that they have been fully vaccinated and agree to have their vaccination status and proof of vaccination confidentially stored by AIG. Exemptions may be considered on a case-by-case basis in accordance with applicable law.

Functional Area:

RK - Risk

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

American General Life Insurance Company