The Department
Market Risk Management is a multi
– disciplinary financial derivatives team that applies state
– of
– the
– art technology in performing highly dynamic work.
Our mandate is to manage one of the most complex derivatives available today: retirement living benefit gu arantees.
In service of that mandate we: manage a $50 billion+ multi
– asset hedging portfolio, do research and development of new retirement products, and provide modeling and analytics expertise for the business.
We are part of a larger organization, but c ultivate the entrepreneurial spirit of a small start
– up.
Our work is cutting edge within th e industry.
The Team
The Modeling Team develops, tests, and maintains the valuation framework to support the management of the hedging portfolio.
The team also man ages the automation around the daily large
– scale Monte
– Carlo simulations used to value the 300K+ customer accounts we manage.
We are seeking team members to help us maintain and enhance a best in class valuation framework.
The Role
We need a talented quan titative risk analyst with strong programming skills to join our team.
Th is analyst will work with the MRM modeling team and will be responsible for creating and maintaining code for both assets and liabilities.
Variable annuities (VA) and index annuitie s (IA) are complex exotic options that require sophisticated math, finance and computer science skills to correctly model.
In order to hedge portfolios of these policies on a daily basis careful attention must paid to the platform and how all the component s interact.
We are looking for a candidate that can bring all of these skills to the table to help us build and maintain a best in class valuation framework.
Our ideal candidate will have experience in a financial engineering capacity however we are open to candidates with no financial experience.
Principal Responsibilities
• Code hedging and valuation frameworks in C++/C#/Python.
• Apply and promote software development best practices to encourage the design of correct, performant and flexible code.
• Document code structures and create unit/regression tests.
• Engage with stakeholders across different teams to ensure system specifications and implementations accurately reflect the business requirements.
• Work closely with IT to release code into the produ ction framework.
• Work close ly with O perations Team and IT Team to ensure successful system s operation.
Candidate Profile
The successful candidate must have a strong track record as a financial engineer or related capacity, including:
• Strong academic recor d in a subject(s) with a strong computational emphasis (e.g.
computer science, engineering, applied math, computational science , etc.); bachelor’s degree required; master’s degree a plus.
• 5 + years of experience.
• Knowledge of and experience creating production quality code.
• Strong programming experience in Python and/or C#/Java and/or C++.
• CUDA experience a plus.
• Good written and verbal communication skills.
• The ability to work within a large and diverse team.
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, color, 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.
To learn more please visit: https://www.aig.com/about-us/diversity-equity-and-inclusion
AIG is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities.
If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to candidatecare@aig.com .
Reasonable accommodations will be determined on a case-by-case basis.
We consider qualified applicants with criminal histories, consistent with applicable law.
Functional Area:
RK
– RiskEstimated Travel Percentage (%): Up to 25%Relocation Provided: YesAmerican General Life Insurance Company
Posted 3 Days Ago
Full time
JR2102504
About Us
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 products 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.
AIG common stock is listed on the New York Stock Exchange.
Join our Talent Network .
Additional information about AIG can be found at www.aig.com | YouTube | Twitter | LinkedIn .
These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release..
AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc.
For additional information, please visit our website at www.aig.com .
All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc.
Products or services may not be available in all countries and jurisdictions, and coverage is subject to underwriting requirements and actual policy language.
Non-insurance products and services may be provided by independent third parties.
Certain property-casualty coverages may be provided by a surplus lines insurer.
Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.