Chief Compliance Officer - Life (US

Company: American International Group
Location: Houston
Posted on: February 24, 2021

Job Description:

AIG Life & Retirement --Life CHIEF Compliance Officer The Company AIG Life and Retirement ("L&R") is one of the largest life insurance and retirement services organizations in the United States.--The organization traces its origins to 1850 and today is among the largest issuers of annuities and life insurance in the United States, as well as a leading provider of defined contribution plans in the education and healthcare markets. Through its American General, VALIC, SunAmerica and Western National brands and the AIG Advisor Group network of independent broker dealers, L&R offers a diversified portfolio of life insurance, investment and retirement savings products, guaranteed income solutions and financial planning services.L&R is an operating division of American International Group, Inc. (AIG), a leading international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Ireland and Tokyo. AIG is an Equal Opportunity Employer. The Role and Responsibilities The Life CCO is responsible for overseeing all ongoing activities related to the development, implementation and maintenance of L&R's compliance program and helping to ensure firm compliance with applicable rules and regulations as well as corporate policies. This person will report directly to the AIG L&R Chief Compliance Officer.--The responsibilities of the L&R CCO will include the following:

• Develop, document and maintain a Division-wide compliance program that includes risk assessments, development and maintenance of applicable policies, procedures, and guidelines and monitoring, testing and reporting protocols that are appropriately tailored to prevent, detect and correct specific compliance risks for the Division.
• Develop and maintain effective controls designed to monitor the effectiveness of the Division's compliance program. Ensure and support adequate review of the appropriateness of the compliance system and procedures and implement necessary remediation for any identified deficiencies.
• Oversee the compliance-related operational risk assessment program which supports AIG's enterprise risk management program. Review the results of that process and ensure the accuracy of data submitted.--
• Develop, document and implement an annual compliance training program on compliance topics relevant to the Division to enhance employees' knowledge and understanding of compliance policies and procedures, relevant laws, regulations and standards of good business.
• Maintain in-depth knowledge of the business and its activities in order to ensure adequate compliance oversight and resources as the business needs evolve over time; advise the Division on emerging compliance issues.
• Maintain a strong presence in the business to promote an environment where individual staff will seek compliance guidance when they have questions. Provide guidance to management, staff and compliance officers on corporate and business compliance standards.
• Hire and train qualified local compliance officers and other professional staff that have the requisite knowledge, experience and personal qualities to be able to carry out their duties effectively. Ensure that compliance officers possess a sound understanding of relevant laws, regulations, rules, standards, internal guidelines and Code of Conduct and their practical impact on the business operations.--
• Periodic reporting to senior management, boards of directors and other Company stakeholders.
• Escalate compliance issues and potential violations of compliance policies and procedures, laws, regulations and standards of good business to AIG's Chief Compliance Officer and L&R's General Counsel, as appropriate. Candidate Qualifications The ideal person for this role should have senior managerial experience and knowledge in managing a compliance department, including maintaining policies and procedures; overseeing compliance risk assessment processes, implementing compliance training programs, and remediating and monitoring potential violations of policy or law. Candidates will be expected to possess the following professional and personal attributes:--
  • A strong education including an undergraduate degree; graduate degrees in relevant areas of study preferred including law degree or MBA.
  • Minimum of 10 years of relevant experience with prior experience in development of a company-wide compliance program.
  • Significant knowledge and understanding of life insurance compliance and regulatory issues, including variable and fixed annuities, mortality based insurance, insurance products, group benefit products and institutional products.
  • Knowledge and understanding of applicable securities rules and regulations including the 1940 Act, SEC Rule 38a-1 and FINRA rules and regulations.
  • Experience with global legal and regulatory compliance frameworks.
    • Demonstrated ability to influence and work effectively within a highly-matrixed organization with employees at all levels.
    • Self-starter with the ability to meet or exceed deadlines, prioritize, multi-task, and maintain flexibility in fast-paced, changing environment.
    • Ability to confront conflict and difficult issues in a professional, assertive and proactive manner.
    • Ability to travel to the business operation to meet with local compliance officers and oversee the effectiveness of local compliance programs.
    • Strong problem-solving and project management skills.--
    • Excellent organizational, written, verbal and presentation skills. Compensation The package will include a competitive compensation package and a full suite of benefits. 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. Functional Area: CP - ComplianceEstimated Travel Percentage (%): Up to 25%Relocation Provided: YesAmerican General Life Insurance Company Posted 30+ Days Ago Full time JR2006590 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.

Keywords: American International Group, Houston , Chief Compliance Officer - Life (US, Executive , Houston, Texas