American International Group (AIG)
Location: Chicago,IL, USA
Date: 2024-11-11T07:34:28Z
Job Description:
Position Summary: AIG's Investments group is responsible for managing the investment assets of AIG, including affiliated insurance companies, through internal and external managers The Investments Compliance team provides compliance and regulatory support to AIG's Investments group, along with assisting in oversight of external managers. The ideal candidate will have extensive regulatory asset management experience with focus on US domiciled insurance companies and will work closely with the Chief Compliance Officer in the day-to-day execution of the compliance program.Review and capture investment restrictions from investment guidelines, state insurance investment regulations and reinsurance/trust agreements. Code, test and implement investment restrictions in BlackRock Aladdin and Bloomberg.Review exceptions out of compliance module and perform manual controls testing.Perform ad-hoc/quarterly controls review specifically for the General Account and reinsurance mandates.Interact/partner with CIO, investment managers, and Legal to ensure compliance with investment restrictions, including coordinating on interpretive issues.Serve as a strategic partner with other control function teams throughout the firm (Legal, SOX/Audit, Investment Accounting, Technology, Operations, and Risk) to advance the control framework.Review and update compliance policies and procedures.Provide training on compliance policies and procedures.Collaborate within Legal on regulatory filings (13H, 13G/D, 13H, etc.).Perform compliance due diligence of external managers compliance programs.Implement solutions to challenges and issues that are raised by stakeholders.Scoping and leading on special projects and ad hoc assignments.Position Requirements:Minimum of 3+ years of experience in guideline monitoring using BlackRock Aladdin, Charles River, Sentinel, Bloomberg AIM, or a similar system.Technical understanding of investment products and financial instruments, and the aggregation of exposures to perform compliance testing.Fixed income compliance experience is required, and exposure to derivatives, mortgage loans, real estate, private placement, hedge fund, private equity is a plus.Working knowledge of the Investment Advisers Act of 1940 and Investment Company Act of 1940 and federal regulations. State insurance investment regulation is a plus.Familiarity with manager-of-managers structures.Strong work ethic with great attention to detail and ability to communicate effectively.Bachelor's degree required.For positions based in New York or Jersey City, NJ, the base salary range is $160,000-$200,000. In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. A summary of benefits can be viewed here: 2024 Benefits OverviewEnjoy benefits that take care of what mattersAt AIG, our people are our greatest asset. We know how important it is to protect and invest in what's most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.Reimagining insurance to make a bigger difference to the worldAmerican International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world's most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.Welcome to a culture of belongingWe're committed to creating a culture that truly respects and celebrates each other's talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity of our people is one of AIG's greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to ...@aig.com. AIG reserves the right to conduct a criminal background check, tailored to the requirements of a job, after a conditional employment offer is made. Unless otherwise required by law, AIG does not automatically exclude any applicant with a criminal conviction for a job or class or jobs. For more information about Philadelphia law specifically, copy and paste the following link within your browser: POSTER FINAL_3-9-16.pdfFunctional Area:CP - ComplianceAIG Employee Services, Inc.SummaryLocation: NJ-Parsippany; GA-Atlanta; IL-Chicago; MA-Boston; NY-New York; PA-Philadelphia; NJ-Jersey CityType: Full time
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