Assistant Director – Operational Risk Management at AIG

Atlanta, Georgia, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Financial ServicesIndustries

Requirements

7+ years operational risk experience, preferably within the insurance industry
Bachelor's degree in accounting, business administration, finance, or risk management
Industry acumen, including knowledge of business operations, finance, and risk
Strong communication, interpersonal and presentation skills with the ability to simply articulate complex problems and solutions
Experience guiding, motivating, and developing a team to achieve team and organizational goals
Demonstrated ability to assess complex issues through root cause analysis and other analytical techniques; structure potential solutions; drive to resolution with senior stakeholders
Strong track record of effectively assessing and managing competing priorities
Ability to develop and sustain relationships at all levels, devote time to develop self and others

Responsibilities

Support AIG Operational Risk with implementing and maintaining an appropriate operational risk management framework and infrastructure in partnership with business unit management teams
Lead Operational Risk and Governance initiatives that support broader ERM objectives, including cross functional risk assessments, risk reviews based on external events, and development and maintenance of Operational risk tools
Provide Operational Risk guidance to business partners, including facilitating risk reviews and assessments of new business activities and change initiatives to ensure material operational risks are identified and appropriate controls are implemented
Deliver dynamic and timely insights to influence risk/return decisions leveraging and aligning information from integrated approaches, tools, methodologies, and platforms
Collaborate with the first line business teams to maintain Risk and Control registers covering the risks as defined in the Operational Risk Management framework
Develop and continuously monitor business partner risk profiles and develop key risk indicators and other metrics to ensure timely identification, escalation, mitigation and management of new, emerging or changing Operational Risks
Aggregate risk data and synthesize key operational risk themes for reporting to senior management and operational risk governance forums
Provide effective review and challenge over maturity assessments conducted by the first line controls function to ensure that resources and plans are focused on the areas which will provide the best return in terms of establishing a more robust risk management culture
Support business partners in ongoing reviews of policies and standards to ensure compliance with and adherence to AIG guidelines
Conduct Operational Risk training and awareness to business partners and business risk teams

Skills

Key technologies and capabilities for this role

Operational Risk ManagementEnterprise Risk ManagementRisk AssessmentsRisk ReviewsRisk GovernanceSecond Line of DefenseRisk ControlsChange Management

Questions & Answers

Common questions about this position

What are the main responsibilities of the Assistant Director – Operational Risk Management role?

The role involves implementing and maintaining an operational risk management framework, leading risk and governance initiatives, providing guidance to business partners, delivering insights for risk decisions, collaborating on risk registers, monitoring risk profiles, aggregating data for reporting, reviewing maturity assessments, supporting policy reviews, and conducting training.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the salary or compensation for this role?

This information is not specified in the job description.

What is the company culture like at AIG for this team?

The Operational Risk Management team partners across the AIG organization to inform strategic decision-making, facilitate rational risk-taking for profitable growth, and ensures robust tools, processes, and systems are in place, emphasizing a strong risk management culture with collaboration between first and second lines of defense.

What makes a strong candidate for this Assistant Director role?

Strong candidates will have expertise in operational risk management frameworks, experience leading cross-functional risk initiatives and assessments, skills in developing risk tools and metrics, and the ability to collaborate with business teams while providing effective challenge and training.

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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