POSITION SUMMARY
As part of AIGs Technology Risks and Controls function, this candidate will help the Head of IT Regulatory risk to build, improve, and maintain solid processes to management regulatory risk for the organization The Associate Director will be responsible for managing the International regulatory environment through its lifecycle. This position is primarily responsible for the understanding new and existing regulations that have cybersecurity, privacy, or other technology implications across the globe; assessing these regulations against ITs capabilities to identify gaps; and establishing and monitoring remediation plans to address any gaps. This role will collaborate with other risk management functions with the organization such as Legal, Business regulatory risk, Technology risk, and Operational risk management. This leader will prepare materials and interface with the regulators across key geographies during examinations or ad-hoc requests.
JOB DESCRIPTION
This candidate will lead the assessment, monitoring, implementation, and reporting on regulatory risks specific to technology. The job scope includes, but is not limited to:
* Advise on effective risk mitigation strategies and ensures implementation of controls/processes to comply with the regulations.
* Contribute to functional goals and objectives.
* Ensure teams are equipped to operationalize and attain global objectives. Ability to effectively manage resources to achieve project commitments.
* Lead scoping assessments for upcoming regulations and inspection of relative technologies and oversee implementation by driving timely completion of risk related deliverables and issue resolution.
* Keep abreast of current technology trends, regulatory risks, vulnerabilities, and emerging technologies.
* Leads efforts to develop a strong risk culture, further develop the function's effectiveness to influence and ensure organizations adherence with the regulatory requirements.
* Effectively engage with technology teams to gain full understanding of technology and control environment.
* Independently assess technology risk management relative to regulatory landscape.
* Understand third party risks as related to specific technology area/regulatory scope.
* Lead and coordinate participation in the development of the evolving risk position based on the regulations.
* Work with appropriate technology areas to identify high risk areas and perform assessments of the corresponding inherent risks and recommend mitigating controls that meet organizational policies, regulatory requirements, and industry best practices.
* Lead discussions with second and third lines of defense through the lifecycle of the project.
* Identify inter-dependencies and engage with required stakeholders.
* Build a culture of continuous learning by effectively leading, coaching, and training team members on relevant skills.
QUALIFICATIONS:
* Bachelors degree required or equivalent work experience
* 8+ years of total work experience required
* 3+ years of experience leading teams required
* Solid understanding of technology risk frameworks required
* Cybersecurity and data privacy experience a plus
* Experience with a focus on risk management or regulatory compliance experience preferred
* Insurance/Financial services experience preferred
CORE SKILLS:
* Good Project management skills
* Excellent communication skills written and verbal
* Ability to think strategically and understand big picture
* Strong attention to detail
* Ability to prioritize and resolve complex problems and escalate as necessary
* Ability to identify issues and trends in order to anticipate change and provide recommended comprehensive solutions and remedies
* Evidence of strong leadership capabilities or previous supervisory experience
* Ability to organize and prioritize workflow and assignments in a deadline oriented environment
It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide 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.
At AIG, we believe that diversity and inclusion are critical to our future and our mission creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.
To learn more please visit: https://www.aig.com/about-us/diversity-equity-and-inclusion
Functional Area:
IT - Information Technology
Estimated Travel Percentage (%): Up to 25%
Relocation Provided: No
AIG Employee Services, Inc.
New York, New York
American International Group, Inc. provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company’s General Insurance segment offers general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, crop, and marine insurance.
It also provides professional liability insurance products for a range of businesses and risks, including directors and officer’s liability, mergers and acquisitions, fidelity, employment practices, fiduciary liability, cyber risk, kidnap and ransom, and errors and omissions insurance. In addition, this segment offers personal auto and property insurance, voluntary and sponsor-paid personal accident, and supplemental health products; extended warranty insurance products; and travel insurance products.
Its Life and Retirement segment offers variable annuities, fixed index and fixed annuities, and retail mutual funds; group mutual funds, fixed annuities, and variable annuities, as well as individual annuity and investment products, and financial planning and advisory services; and term life and universal life insurance. This segment also provides stable value wrap products, and structured settlement and pension risk transfer annuities; and corporate- and bank-owned life insurance and guaranteed investment contracts. This segment sells its products through independent marketing organizations, independent insurance agents, financial advisors, direct marketing, banks, wirehouses, and broker-dealers. The company’s Legacy Portfolio segment offers legacy insurance products. American International Group, Inc. was founded in 1919 and is headquartered in New York, New York.