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Posted: Wednesday, April 26, 2017 10:54 PM

Position Description:

Position Summary:

AIG is seeking a Credit Risk Officer to join the New York Credit Risk team which reports to a Managing Director within the Credit Risk team who then reports to the Chief Credit Officer (CCO) of AIG Investments. This position will report to and provide support for a Senior Credit Risk Officer who primarily works with the Public and Private Credit Investments team in the New York office.

• Assume primary credit responsibility for an asset class/portfolio which includes being the main contact for AIG Investments and Investments ERM senior credit officers on issues related to that particular asset class/portfolio.

• Work with the portfolio managers to design and implement appropriate analytic tools, stress scenarios, and risk reports to effectively monitor investments risk, enhance decision making and risk management process, and communicate risk positions and emerging risk trends.

• Interact regularly with portfolio teams to understand trends and evolving risks within the portfolio, develop appropriate responses, and communicate risks and strategies throughout the risk organization.

• Evaluate new transactions that require new business review to ensure risks are thoroughly understood and analyzed, properly documented and booked, and have received appropriate New Product/Business approvals.

• Conduct asset class portfolio reviews with the portfolio managers on at least an annual basis to ensure thorough evaluation of portfolio risk and investment strategy and compliance with AIG credit policy.

• Review and approve the underlying methodologies and stress testing results for quarterly OTTI calculations which must be ultimately approved by the Chief Credit Officer of AIG.

• Produce industry/sector credit research that supports existing portfolios and identifies trends/issues to facilitate credit oversight of our risk positions.

• Update and enhance relevant credit policies and procedures for the various asset classes. Monitor the portfolio for regular compliance with all policies and procedures.

• Review and discuss Watch Lists exposures with the portfolio managers on a regular basis to ensure appropriate high risk positions are being adequately addressed and monitored.


Position Requirements:

Ideal Candidate Should Have:

• Minimum of 5-10 years of credit risk experience in increasingly important roles in a top tier financial institution.

• Minimum of 5 years in a credit capacity covering corporate credit, and experience with both investment grade and high yield debt.

• Familiarity with the various information models and systems used for corporate credit (e.g. Credit Sights, CapIQ, etc.) would be an advantage.

• Familiarity in assessing models and model outputs for portfolio management of relevant products.

• Excellent communication skills - ability to interface successfully within all levels of a large organization.

• Ability to work successfully in a team environment.

• Strong initiative.

• Ability to muster and organize information and people within the organization to achieve a desired objective.

• Education: Bachelors required, MBA preferred.


About Us:

American International Group, Inc. (AIG) is a leading global insurance organization. Founded in 1919, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement products, 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 and the Tokyo Stock Exchange.

Join our Talent Network at www.aig.com/talentnetwork. Additional information about AIG can be found at www.aig.com and www.aig.com/strategyupdate | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance | LinkedIn: http://www.linkedin.com/company/aig. 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.


Click here for more info: http://careers.peopleclick.com/careerscp/client_aig/external/jobDetails.do?functionName=getJobDetail&jobPostId=400281&localeCode=en-us


• Location: Manhattan

• Post ID: 97087717 manhattan
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