Chief Risk Officer, EMEA

Chief Risk Officer, EMEA

Location: Luxembourg/Luxembourg

Make your mark in Risk

AIG underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, Multinational Clients, and High Net Worth individuals. We are reimagining how we help customers to manage risk, transforming our operating model, and reshaping our role responsibilities and career pathways. The goal is to unlock the full potential in each colleague – empowering our people to grow as insurance professionals and add more value to our customers and AIG.

The EMEA Chief Risk Officer is responsible for ensuring the Risk Management framework for AIG’s subsidiaries operating in the EMEA region and maintaining them at a level that is appropriate for the nature, scale and complexity of its legal entity and producing operations for a business of GPW $5+ billion across more than 20 countries and multiple regulatory jurisdictions.

The EMEA Chief Risk Officer will be a part of the EMEA Senior Leadership Team and ERM International Leadership and may lead engagements as part of this team.

Job Responsibilities

• Coordinate  Risk Management Key Function holders for EMEA legal entities, Cluster Risk Officers, and ERM Partners for EMEA regional LoBs  and functions.
• Ensure the maintenance of risk management frameworks and governance systems aligned to AIG’s risk policies,  regulatory expectations, and Board and Management support in discharging their duties.
• Enhance risk management frameworks proportional to the risks of the region’s clusters, lines of business, and legal entities.
• Develop risk culture ensuring an balance between growth, profitability and risk.
• Partner with other functions to foster a positive working relationship between teams and relevant regulators.
• Support the legal entity AIG Europe’s (AESA) Risk Key Function role by:
  • Leading regulatory relationships related to ERM and Internal Model.
  • Ensuring operations at the standard expected of a Solvency II internal model.
  • Maintaining legal entity internal and external risk reporting.
  • Addressing actions and findings related to AIG Europe’s ERM department.
  • Support AESA’s Risk Officers with their regulatory rapport.
• Correspond and partner across AIG International, as directed by CRO International, following the Centres of Correspondence model.
• Coordinate with International and Global efforts, harmonize of risk management data and technology supporting risk reporting and control.
• Liaise with ERM international to ensure and prioritised appropriate service delivery and from global risk functions and shared services teams provide.

Requirements

• Strategic risk management - worked at a senior level of risk management and gained a detailed understanding of Solvency II and similar prudential regimes, Risk Assessment, Risk Reporting, Stress Testing etc and other major regulatory initiatives as they relate to general insurance
• Extensive risk and industry experience and bachelor/undergraduate’s degree from college or university
• Superior understanding of the balance sheet, P&L and liquidity of a PC insurer and the related risks drivers and concentrations.
• Familiarity with complex and evolving risk concepts but focused on practical, cost effective, implementation.
• Ability to manage and influence in a matrix structure and across a wide geography
• Proven people management and leadership skills
• Highly collaborative approach across functions and geographies.
• Proven ability to educate non-technical managers on technical areas that enhance their decision-making ability.
• Proven ability to interact with regulators.
• French is desirable. 

We are an Equal Opportunity Employer

It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide equal opportunity to all qualified individuals regardless of race, colour, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories. 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.

Ready to prove your potential? We would love to hear from you.

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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 candidatecare@aig.com.  

Functional Area:

RK - Risk

AIG Europe S.A.