Operational Risk Assistant Director at AIG

London, England, United Kingdom

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Financial ServicesIndustries

Requirements

Bachelor's degree in accounting, technology, business administration, finance, or risk management
Significant operational risk experience within the first or second line, preferably within the insurance industry
Industry acumen, including knowledge of business operations, change initiatives, 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
Strong track record of effectively assessing and managing competing priorities
Ability to develop and sustain relationships at all levels
Experience of working with global teams across multiple time-zones and jurisdictions

Responsibilities

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
Develop monitoring and reporting capabilities to expedite and enhance broader operational risk identification and reporting
Collaborate with the first line business teams to maintain Risk and Control registers
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
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
Lead Operational Risk and Governance initiatives that support broader ERM objectives
Facilitate Operational Risk Committee/s and forums to support global and local management to effectively identify, evaluate and manage broader operational risks

Skills

Operational Risk Management

Risk Assessments

Risk and Control Registers

Key Risk Indicators

Risk Reporting

Governance

Risk Training

Policy Review

Maturity Assessments

Data Aggregation

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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