Risk Analyst

Operations & Governance Support

• 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

Experience & Qualifications Required

•  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

#AIG-LI

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 belonging

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 inclusion 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].  

Preference will be given to previously disadvantaged candidates in line with the company’s Employment Equity Plan. Specific preference will be given to people with disabilities.

Functional Area:

RK - Risk

AIG South Africa