Risk Analyst

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.

Get to know the business

General Insurance is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world’s most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.

Your future team

The Enterprise Risk Management (ERM) team is responsible for ensuring that our organization has the right tools, processes, and systems in place to identify, measure and manage these risks. The team plays a critical role in strategic decisions about where to expand or contract businesses, where to invest to collect premiums that are enough to cover future claims, and how much capital we need to reserve to weather unexpected events. It also helps the enterprise to develop effective controls that support the successful execution of organizational strategy.

As an ERM colleague, you will shape and support how AIG manages its risks. Your knowledge about the company’s risks will shape the daily decision-making among AIG’s businesses and functions, while informing our clients and the markets that we serve.

ERM advocates a healthy risk culture, encouraging our diverse colleagues to speak up when we spot something that fosters risk so that we can address it effectively and in a timely manner.

About the role

What you need to know:

- Assist in the maintenance of a robust risk management framework for AIG Singapore that is in line with Group-wide ERM policies as well as local regulatory expectations.
- Contribute to the identification, measurement, management, monitoring and reporting of AIG Singapore’s major risk categories.
- Work closely with all departments to identify, evaluate and monitor key and emerging risks that could impact AIG Singapore’s business operations, and ensure that there are appropriate controls identified to manage these risks.
- Assist in the roll out of training programs to foster and sustain an effective risk culture and awareness level within the organization.
- Liaise and run sessions with various stakeholders to develop and refresh the Risk and Control Self Assessments (RCSA).
- Oversight of the operational risk event in term of collection, quality, review and reporting.
- Maintenance of the risk reporting database and systems to administer RCSA, control testing and loss events.
- Facilitate the preparation and collation of risk reports and Key Risk Indicators (KRIs) for the quarterly Senior Management’s Risk & Capital Committee meetings and for the Board Risk Management Committee meetings.
- Collection and review of reports submitted to the Risk & Capital Committee for reporting.
- Assist in producing AIG Singapore’s Risk Appetite Statements, Own Risk and Solvency Assessment (ORSA) Report as well as other regulatory reporting when required.
- Coordinate with Actuarial & Catastrophe Modelling teams to support the performance of stress testing and scenario modelling to meet MAS Industry Wide Stress Test requirements.
- Assist in performing risk assessments for outsourcing arrangements.
- Support the ongoing development of the Environmental, Social and Governance (ESG) framework.
- Support the risk assessments conducted to comply with MAS Guidelines on Individual Accountability and Conduct.
- Maintenance of the Risk Management Department’s records.

What we’re looking for:

- Bachelor’s Degree
- Experience in enterprise/operational risk management or audit is preferred (but not compulsory)
- Preferable background in the Insurance Industry or Financial Services Industry
- Good stakeholder management skills
- Excellent communication, presentation, and interpersonal skills
- Good team player with the attitude to excel
- Good analytical and writing skills (operational risk events, committee minutes etc.)
- Ability to manage multiple projects with good attention to detail
- Proficiency in Microsoft Excel, Word and PowerPoint is essential
- Willing and able to continuously learn, take ownership and adapt to a dynamic and fast changing environment.

LI-LY1

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 statu