Job Information
AIG Head of Private Credit Investments in London, United Kingdom
AIG Inc is a multinational general insurance company with net premium written of USD 26.7bn in 2023.
The investment portfolios of the parent holding company, and the associated group insurance affiliates are managed by AIG Investments. Led by the Group Chief Investment Officer (CIO), and supported by a team of regional CIOs and associated support staff, AIG Investments designs and manages the asset allocation of the investment portfolio aligned to the specific risk and return targets of the underlying businesses. Day to day management of individual asset classes is outsourced to a number of approved external asset managers. The CIO team oversees the relationships with the external managers, which includes tasks such as evaluating performance, assessing tactical asset allocation recommendations and appraising suggested changes to investment portfolio guidelines.
As part of the evolution of the AIG Investments Target Operating Model (TOM), the CIO Team are seeking Subject Matter Experts (SMEs) across a number of asset classes, including private debt.
How you will create an impact:
The Head of Private Debt SME will report to the CIO of International and will:
Oversee all investment activity in their designated asset classes globally.
Advise the CIO team on current and future allocation levels given changing market conditions and risk appetite.
Make proposals in conjunction with other members of the CIO team with respect to external manager selection, market opportunities (including bespoke transactions), relative value and issuance/redemption activity within the asset class, including advising on the annual investment plan and strategic asset allocation.
Establish the formal external manager oversight process for private credit asset classes
Be the primary point of contact with all external managers in the asset class including managing relationships and driving effectiveness.
Develop regular reporting, meeting cadence and other processes with all external managers in the asset class. Summarize reporting as needed to AIG Regional and Global CIOs.
Establish and maintain performance benchmarks for all external managers in the asset classes as needed.
Foster productive relationships with key internal stakeholders including Enterprise Risk Management (ERM) and Finance.
Produce materials as needed, and present to various AIG governing committees including local and global Investment Committees and senior management.
Liaise with the external managers and co-ordinate all aspects of risk management and required reporting.
Collaborate across AIG CIOs and AIG third party investment managers to evaluate emerging credit or risk issues across the portfolio
Develop, implement and maintain AIG Asset Class Frameworks for private credit asset classes.
Utilize AIG platforms (including Aladdin where relevant) to aggregate data and perform internal analysis as needed.
Attend investment manager meetings and industry conferences, as appropriate.
On scheduled reporting dates, co-ordinate with the external managers to provide the agreed reporting with data to be used by CIOs, ERM, Investment Accounting and any other AIG departments as needed.
What we are looking for:
10 + years of demonstrated experience in investment management or insurance asset management, with a focus on private debt
Strong knowledge of risk frameworks, and credit, liquidity and capital constraints of regulated insurance companies
Exceptional communication skills (written and oral) with the ability to infuse the internal investment process with new ideas.
Experience with Aladdin preferred although not required.
Ability to multi-task across a wide number of activities and multiple, tight deadlines.
Limited traveling (up to 10%).
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 our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity 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:
IN - Investment
Estimated Travel Percentage (%): Up to 25%
Relocation Provided: No
AIG Europe (Services) Limited