Conduct Risk, Product and Regulatory Controls Specialist at AIG

London, England, United Kingdom

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, ReinsuranceIndustries

Requirements

Strong background/experience in customer facing roles, with a commitment to improving the customer experience
Knowledge/experience interacting with senior management, Boards and Regulators as necessary
Experience using data analytics to help develop metrics/dashboards to drive better decision making
Regulatory/Compliance background with good knowledge of current relevant regulations, risks and requirements (FCA/PRA, Lloyd’s)
Experience and knowledge of the insurance market, including the sale of retail products - Lloyd's market experience an advantage
Background or knowledge of wider compliance activities in the insurance market that may impact Product Governance
Ability to build rapport & credibility with stakeholders
Drive change using a flexible/adaptable approach - challenging existing practices and tackling issues
Diligent, analytical and tenacious individual
Excellent communication and presentation skills, with the ability to communicate complex and potentially difficult topics clearly and concisely
Experience of staff training and development with the ability to create, design and deliver training materials
Commercial acumen

Responsibilities

Working and collaborating with the Underwriting Management team, Legal & Compliance, DUA, Claims and Underwriting Teams to create and maintain a robust review process for all Products within Regulatory scope
Coordinating activities, including any projects, training sessions, external meetings across Talbot to ensure interpretation, understanding and meeting of all Regulatory requirements in relation to Product Oversight, Governance and Conduct Risk
Working with Underwriting teams to provide “Product Walkthrough” reviews, involving external parties such as Brokers and Coverholders (as appropriate), providing assessment, guidance and challenge to demonstrate meeting of Regulatory obligations and commitment to putting the customer at the heart of operations
Identify and remediate any gaps in Talbot’s Product Governance framework
Produce metrics and reports for governance forums and regulators to assist monitoring and evidencing of appropriate oversight, driving improvements in the treatment of customers and the products offered
Communicating the status of Talbot’s Product Oversight to a variety of internal & external stakeholders, including regulatory returns
Presenting at high profile Senior Management meetings, including chairing internal forums under the formal governance structure, and attending meetings with regulators (including Lloyd’s)

Skills

Conduct Risk

Product Governance

Regulatory Compliance

Risk Management

Underwriting

Product Oversight

Metrics Reporting

Stakeholder Collaboration

Training Coordination

Gap Analysis

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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