AIG’s Enterprise Risk Management sets AIG’s global corporate strategy for risk management and supports the front line risk takers in proactively managing risks in support of AIG’s goal to be our clients most valued insurer. Our mission is to identify, quantify, and manage risks proactively developing a framework to maintain successful business operations and deliver sustainable, long-term profitability. ERM is made up of both corporate and business unit risk professionals working collaboratively as “one team” to improve decision-making through better analytics that create transparency, and focus on the mitigation of the top risks that could damage AIG’s intrinsic value. ERM partners with risk professionals embedded in the businesses as well as other operations throughout AIG’s key geographic modules to apply the risk policies (e.g. Operational Risk, Reinsurance) and ensure information flows seamlessly to the corporate level.

Make your mark in Enterprise Risk Management

As well as helping customers to manage risks, AIG faces a wide array of our own risks every day. The Enterprise Risk Management (ERM) team partners across the AIG organization to inform strategic decision-making and to facilitate rational risk-taking that drives profitable growth. ERM ensures we have the right tools, processes and systems in place to identify, measure and manage our risks. As an ERM colleague, you can enhance your acumen by helping to shape and support our approach to risk.

How you will create an impact

The Risk Manager leads the risk function and is responsible for coordinating and executing the independent risk management oversight and for ensuring the implementation of a robust risk management framework in line with global policies and the expectations of local regulators.

This position reports Latin American and Caribbean Chief Risk Officer and the responsibilities include:

• Lead risk function maintaining a risk management framework and governance system aligned to AIG policies, meeting the expectation of local regulators and enabling the legal entity Board / Management teams to discharge their duties
• Provide business with advisory support identifying opportunities to enhance controls relative to key risk management topics and act as a facilitator to implement key controls
• Conduct business plan risk review (strategic risk)
• Conduct Own Risk and Solvency Assessment (ORSA)
• Experience in solvency capital requirement calculation
• Contributing to the ESG factors and reports
• Assess and document risk exposures and associated controls for business units, including analysis of business’ coverage, distribution, operational flows, etc.
• Maintain current knowledge of laws and regulations regarding risks
• Recommend, develop and implement changes to existing policies, programs, guidance and procedures
• Contribute to development of reports to executive management identifying or collecting key risk metrics
• Provide assurance on the adequacy of the risk management control environment (financial and operational risk)
• Support Regulatory developments around risk management and solvency
• Focusing on business strategies and opportunities within the Fac Desk through engagement with regional stakeholders
• Serving as the 'go-to' point of contact for the Fac Desk in coordination with the local risk officers
• Providing deep knowledge and acting as a partner to ensure optimal level of ERM support
• Providing a consolidated risk profile at a LAC level as needed
• Identifying areas for enhancement and support in providing insights on risks and identifying alignment and optimization opportunities across the various LAC LE
• Being involved in strategic initiatives, including but not limited to development of new products, segments, client analysis which involve any aspects of risk identification and measurement
• Serve as an advisor providing complementary skills-set to risk for challenge and reviews across the region
• Communicate and engage with regulators, external auditors, group experts, and the relevant committees on risk topics as and when requested

What you’ll need to succeed

• Professional Degree in Actuary is required. Master’s degree desired.
• Minimum of 7 years of work experience in risk management.
• Analytical thinker with strong conceptual and problem-solving skills.
• Ability to lead, motivate and gain commitment and trust from colleagues.
• Strong communication (oral and written) and influencing skills.
• Demonstrated knowledge of applicable laws and regulations governing the business.
• Financial risk management skills desired.
• Reinsurance experience desired.
• Meticulous attention to detail with the ability to multi-task.
• Advanced English language proficiency is required (ability to speak and write effectively in English).

Ready to take your career to the next level? We would love to hear from you.

At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

Enjoy benefits that take care of what matters

At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.

Reimagining insurance to make a bigger difference to the world

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.

Welcome to a culture of inclusion

We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

AIG provides 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.

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities.  If you believe you need a reasonable accommodation, please send an email to [email protected].  

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