Risk Analyst
AIG
Compensation
About the role
Support the ERM function across all risk types. Collaborate with stakeholders (including risk champions) to support a culture of risk awareness and reporting. Perform risk identification, assessment and management across the business through the development and use of risk tools such as Risk registers, risk surveys, KRIs, RCSAs, root cause analysis on Risk Events, etc.
Responsibilities
- Support the ERM function across all risk types.
- Collaborate with stakeholders (including risk champions) to support a culture of risk awareness and reporting.
- Perform risk identification, assessment and management across the business through the development and use of risk tools such as Risk registers, risk surveys, KRIs, RCSAs, root cause analysis on Risk Events, etc.
- Perform challenge and review of business output, including, but not limited to, ORSA.
- Attendance and participation at forums and committees where it is appropriate for ERM to attend, follow up and delivery of actions timeously in a thorough manner.
- Develop and maintain comprehensive risk reporting, including use of risk management systems and data visualization tools.
- Support the CRO in ensuring that cluster reporting is timely, accurate and covers all relevant elements of the framework to Management and external parties providing the adequate comprehensive view exposure of the organization.
- Perform research of best practice and incorporate into processes by collaborating with stakeholders.
- Co-ordinate and assist in facilitating the ORSA process.
- Ensure that the Risk Management Frameworks remain fit for purpose and are aligned with Global AIG and international standards and best practices.
- Support the effective operation of the governance bodies and produce all regular and ad-hoc reporting from ERM for the relevant governance bodies (e.g. Exco), regulators, and other key stakeholders.
- Support the Combined Assurance Forum (CAF), by preparing the ERM submission, collating submissions from the other assurance providers and preparing accurate minutes thereof.
- Communicate with all stakeholders and manage delivery of actions.
- Support the build-up of ERM’s body of knowledge
- Maintain the structure to documents and records
- Liaise with the appropriate counterparties on ERM Systems and Data ensuring their quality, fitness, and governance.
- Perform risk training with stakeholders
Requirements
- Knowledge and practical experience of Financial Services (non-life insurance preferred).
- Degree in a relevant subject (risk management / insurance / accounting, etc)
- Interest in all risk types (insurance, operational, market risks)
- Strong working knowledge of Microsoft office including MS Excel, Word, PowerPoint, SharePoint, and MIS tools such as PowerBI/Tableau
- Excellent communication skills - both verbal and written
- Ability to work on your own, take initiative and prioritise.
- Strong ability to synthesize information
- with an ability to describe complex ideas in a simple way, including clear recommendations and conclusions
- Experience in drafting papers and reports
- Exposure to developing and implementing ORSA processes
- Designing and deploying risk management tools including MI, KRIs, Risk Reviews
- Work with other assurance providers (Audit and Compliance)
- Modelling awareness: Familiarity with risk-to-capital modelling
- Awareness of the uses and limitations of statistical approaches
Benefits
- 401k matching
- Health insurance
- Flight privileges
- Volunteer Time Off and Matching Grants
- Total Rewards Program
- Reimagining insurance to make a bigger difference to the world
- Inclusion
- Employee Resource Groups (ERGs)
- Total Rewards Program
- Volunteer Time Off and Matching Grants
- 401k matching
- Health insurance
- Flight privileges
About the Company
American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.
Job Details
Salary Range
Salary not disclosed
Location
Johannesburg, South Africa
Employment Type
Full-time
Original Posting
View on company website