Job Description
The Director Sanctions Compliance Operations is a key leadership role within GI Sanctions Processing team (GISP) that has both regional and global responsibilities for overseeing and enhancing end-to-end sanctions screening solutions and will report to the Global Head of Sanctions Processing. This position will ensure screening is executed effectively and in a compliant manner with the AIG Global Economic Sanctions Policy by working with key stakeholders such as Compliance, Legal, Technology, Operations and the Business Teams. This role will drive the continuous improvement of sanctions screening application and optimization of the screening algorithms.
- The Director of Sanctions Processing will be responsible for managing the Global Treasury Transformation for payments screening. This critical project is rolling out country-by-country.
- Responsible for managing the Global Hub for Pre-Bind Screening Process working with Technology and our screening vendors.
- Working with the Global Head of Sanctions Processing managing Operational Transformation of the current screening processes to the Target Future State. This multi-year project is a critical global project that will enhance our screening processes.
- Leadership role in the development of the AIG Global Compliance Screening initiatives with the responsibility for assisting with the development / evaluation / implementation of screening solutions for addressing economic sanctions, anti-money laundering and anti-corruption screening for all businesses within North American Region (e.g. Corporate Functions and Property Casualty) as well as TSA supporting divestitures.
- Support the North America Third Party Administration (TPA) Governance Team with the review and assessment of 90 TPAs within the Region. Assessment will include understanding their sanctions processing and procedures, validating compliance with AIG Global Economic Sanctions Policy from a screening perspective and identifying any control deficiencies. If required work with AIG TPA Governance Team and the TPA to resolve / implement mitigating controls.
- Oversee all Operational aspects for screening processing for North America.
- Responsible for developing, implementing and maintaining operational compliance with the Global Standard Operating Procedures.
- Validating Service Level Agreements (SLAs) are being met for our business partners and conduct reviews of Technology proposals ensuring sanctions screening requirements.
- Conduct reviews of IT proposals to ensure that sanctions screening requirements are met, as part of the global IT governance process.
- Manage the Assurance Functions for Sanctions Processing within the North American Region ensuring controls are working effective (e.g. Reconciliation Process).
- Serve as a Subject Matter Expert (SME) for sanctions processing matters within North America. Understand the Business concerns. When appropriate develop mitigating controls addressing the potential risks or exposures working with the Local Compliance Officers and / or Internal Audit.
- Build strong working relationships with North America Operations and Compliance Teams.
Requirements:
- 8+ years of sanctions operational compliance knowledge developing onboarding solutions
- Familiarity with AI / ML driven screening technologies or data analytics platforms.
- Ability to work in a matrix organization.
- 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
At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.
Enjoy benefits that take care of what matters At 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 world American 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 inclusion We'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 learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent 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 candidatecare@aig.com.
Functional Area:
OP - Operations
AIG PC Global Services, Inc.
Job Tags
Work at office, Local area,