Director Sanctions Processing at AIG

Atlanta, Georgia, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Financial Services, ComplianceIndustries

Requirements

Familiarity with AI / ML driven screening technologies or data analytics platforms
Ability to work in a matrix organization
8+ years of sanctions compliance knowledge
Proven analytical, leadership and problem solving skills
Proven Commercial and Consumer Insurance knowledge or experience working in a diversified financial institution
Familiarity with sanctions screening systems (e.g. FinScan, Bridger Insight, Actimize, FircoSoft, Moody Analytics Orbis or similar)
Ability to resolve complex control conformance issues
Strong management policy, procedure and operational practice knowledge
Strong knowledge of risk & control assessment management
Advanced Excel skills
Visio skills
Microsoft Suite of products (Word, PowerPoint, Project, etc.) skills

Responsibilities

Oversee and enhance end-to-end sanctions screening solutions with regional and global responsibilities
Ensure screening is executed effectively and in compliance with AIG Global Economic Sanctions Policy, working with stakeholders (Compliance, Legal, Technology, Operations, Business Teams)
Drive continuous improvement of sanctions screening application and optimization of screening algorithms
Manage the Global Treasury Transformation for payments screening (country-by-country rollout)
Manage the Global Hub for Pre-Bind Screening Process with Technology and screening vendors
Work with Global Head of Sanctions Processing to manage Operational Transformation to Target Future State (multi-year global project)
Lead development of AIG Global Compliance Screening initiatives, assisting with development/evaluation/implementation of screening solutions for economic sanctions, AML, and anti-corruption for North America businesses and TSA divestitures
Support North America TPA Governance Team: review/assess 90 TPAs' sanctions processing, validate compliance, identify deficiencies, and implement mitigating controls
Oversee all operational aspects of screening processing for North America
Develop, implement, and maintain operational compliance with Global Standard Operating Procedures
Validate SLAs for business partners and review Technology proposals to ensure sanctions screening requirements are met
Conduct reviews of IT proposals to ensure sanctions screening requirements as part of global IT governance
Manage Assurance Functions for Sanctions Processing in North America, ensuring effective controls (e.g., Reconciliation Process)
Serve as SME for sanctions processing in North America, understand business concerns, develop mitigating controls with Local Compliance Officers/Internal Audit
Build strong working relationships with North America Operations and Compliance Teams

Skills

Sanctions Screening

Economic Sanctions Compliance

Screening Algorithms

Treasury Transformation

Payments Screening

Pre-Bind Screening

Operational Transformation

Anti-Money Laundering

Anti-Corruption Screening

Third Party Administration Governance

Stakeholder Management

Global 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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