Analyst - Sanctions Processing at AIG

Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Banking, Financial ServicesIndustries

Requirements

Analytical and meticulous
Minimum 2 to 3 years in a similar role in Banking/Financial/Insurance industry
Computer literate and proficient user of MS Office applications, especially MS Excel and MS PowerPoint
Good oral and written communication skills
Ability to multi-task and prioritize workload
Proficient in English – reading, writing and speaking
Ability & flexibility to work in a non-standardized environment with occasional variables
Self-motivated team player with ability to take initiative
Able to work under pressure and meet tight deadlines and SLA requirements
Able to work night shift (rotation shift)
Sanctions compliance knowledge
Proven analytical and problem-solving skills
Advanced Excel skills
Microsoft Suite of products (Word, PowerPoint, Project, etc.) skills
Ability to work in a matrix organization

Responsibilities

Perform investigations of data based on the information provided in Sanctions Screening application
Perform sanctions and Politically Exposed Persons (“PEPs”) screening of potential match review
Adjudicate potential matches
Document the rationale for the potential match resolution
Apply reason codes pertaining to the potential match
Alert Regional Sanctions Processing Leads of any system anomalies, deficiencies and/or backlogs
Identify all breaches of the standards in the Statement
Identify all breaches of the AIG Economic Sanctions Compliance Policy
Co-ordinate requests for exemptions from the screening requirements
Participate in periodic training sessions
Meet the Quality Assurance requirements and SLAs to support the business and Corporate Function

Skills

Excel

PowerPoint

Word

Project

Sanctions Screening

PEP Screening

Sanctions Compliance

AIG

Global insurance provider for individuals and businesses

About AIG

AIG provides a variety of insurance products and services aimed at individuals, families, and businesses. Their offerings include life insurance, retirement planning, and commercial insurance, which help clients manage risk and protect their assets. AIG operates by underwriting insurance policies and managing risk, while also investing the premiums collected to generate income. This company stands out from competitors by not only focusing on traditional insurance but also emphasizing cybersecurity and data protection to keep clients' information safe. AIG's goal is to help clients achieve financial security and peace of mind through comprehensive insurance solutions.

New York City, New YorkHeadquarters

1919Year Founded

IPOCompany Stage

Cybersecurity, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision coverage

Flexible Spending Accounts (FSA)

401(k)

PTO

Commuter Expense Reimbursement Account

Risks

Sale of personal travel business may reduce AIG's market presence in travel insurance.

Expansion in Atlanta could pose financial risks if expected growth does not materialize.

Deconsolidation of Corebridge Financial might lead to loss of synergies and increased costs.

Differentiation

AIG offers a wide range of insurance products globally, serving diverse client needs.

Corebridge Financial, a subsidiary, enhances AIG's offerings in retirement planning and financial futures.

AIG emphasizes cybersecurity and data protection, ensuring clients' information remains secure.

Upsides

AI adoption in underwriting and claims processing enhances efficiency and reduces costs for AIG.

InsurTech partnerships offer AIG opportunities to enhance digital capabilities and drive innovation.

Telematics and usage-based insurance allow AIG to offer personalized and flexible products.

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