Job Description

Assistant General Counsel AIG Retirement Services

Who we are

American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.

Get to know the business

Life and Retirement is a unique franchise that brings together a broad portfolio of life insurance, retirement and institutional products offered through an extensive, multichannel distribution network. It holds longstanding, leading market positions in many of the markets it serves in the U.S.

AIGs Global Legal, Compliance, Regulatory and Government Affairs department is comprised of attorneys and other professionals providing high quality advisory and transactional support with integrity and objectivity across all parts of the organization. The team ensures an operating environment that minimizes legal, regulatory and reputational risks and complies with all laws and regulations and AIG policies & procedures. This is a global, diverse and award-winning team that has been recognized for its leadership and innovative solutions. You will also be able to participate in AIGs award-winning pro bono program.

About the role

The Assistant General Counsel will handle a wide-array of legal issues and regulatory inquiries of AIG Retirement Services, including legal support to VALIC Financial Advisors, a dually registered broker-dealer and registered investment adviser (the Firm) and assist, as necessary with, recordkeeping service and other agreements. This role will require working closely with the business, risk and compliance professionals in addressing both day-to-day legal issues involving the Firm as well as supporting routine exams and for-cause matters with state/federal securities regulators and self-regulatory organizations (e.g., FINRA and SEC). Additional responsibilities will include rendering related legal advice and counsel to the Firm regarding the application of federal, state, and SEC and FINRA rules and regulations. This position will be based in Houston, Texas.

* Provide strategic and tactical legal advice and transaction support on a wide variety of broker-dealer and investment advisory issues, including regulatory exams.
* Provide support on a wide range of legal and regulatory issues arising from the AIGs retirement businesses including annuity product development, SEC filings and distribution, retirement services and other agreements, broker dealer and investment advisor operations, and transfer agent operations
* Work collaboratively across the organization including with peers across Legal, Risk and Compliance and all levels of staff to ensure consistency of approach and practice across business lines
* Apply and expand an understanding of the laws and regulations applicable to the business operations, stay abreast of changes in applicable laws and regulations, and assist in ensuring that business clients are well situated to comply with new and amended laws

What you need to know:

* 5 years of law firm or in-house experience within the financial services and/or retirement plans services industry, working with or supporting retirement plan providers and related investment arrangements is required
* Working knowledge of annuities, mutual funds, and/or other retail financial products distribution of securities, and broker-dealer and investment adviser regulations
* Demonstrated ability to work in a fast-paced environment and to find creative solutions on diverse matters requiring complex legal and strategic analysis
* Ability to serve as a trusted advisor, strategic partner and collaborator with peers, leaders, and business partners
* Experience being involved with and handling regulatory exams and investigations
* Experience working with broker dealer and investment advisory programs
* Thorough understanding of investment advisory fiduciary responsibilities and appropriate disclosure of conflicts of interest
* Knowledge of the Investment Advisers Act of 1940, the Investment Company Act of 1940, the Securities Exchange Act of 1934, and SEC and FINRA regulations applicable to each
* Excellent written and verbal communication skills, including strong ability to advocate in writing and orally, and ability to deliver clear legal advice to wide variety of audiences
* Strong organizational and project management skills
* Retirement plan experience is preferred
* Working knowledge of ERISA and IRS legal frameworks is a plus
* JD required

What our employees like most about working for AIG

* We care about your professional development. Our career progression program will provide you with the opportunity to develop your skills, strengthen your productivity and be eligible to progressively advance to positions with an increased responsibility and increased compensation.
* Our Giving Back policy is at the core of our daily operations and guides our future progress. Dont believe us? We put our money where our mouth is! AIG will give you up to 16 hours a year paid time off to volunteer in the community.
* Our people are our most important asset therefore we provide a generous benefits plan and competitive pay.

Benefit package includes:

* Paid Time Off (AIG recognizes the importance of work life balance). We offer 24 PTO days to start. YES, 24!
* 9 paid holidays per calendar year.
* A 401(k) Retirement Plan which will be HARD TO BEAT. Our 401K - $1 for $1 match up to 6% with immediate vesting, plus AIG automatically contributes an additional 3% in to your 401K regardless of if you enroll or not.

We are an Equal Opportunity Employer

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.

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:

LG - Legal, Regulatory & Gov't Affairs

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

American General Life Insurance Company