Chief Compliance Officer, Australasia

Summary about this job

Detail information about job Chief Compliance Officer, Australasia. Terms and conditions vacancy

Your future team

AIG’s 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 AIG’s award-winning pro bono program.

Reporting to the Chief Compliance Officer, General Insurance - Asia Pacific, you will be responsible for the Compliance Function in AIG General Insurance operations in Australia and New Zealand.

Your contribution at AIG

The quality of Senior Leadership is a defining factor for a company’s success. Senior Leaders are responsible for developing business strategies and/or translating those strategies into meaningful outcomes and ultimately, business results. As a Senior Leader, you reach across geographical and functional boundaries to create alliances that further the organization’s objectives and market position. Your deep and broad industry knowledge allows you to foresee external conditions that could potentially affect AIG’s future.

The CCO will manage the Compliance risk assessment process and take a leading role with resolution of a wider scope of compliance matters arising from local regulatory requirements and expectations, as well as assisting the CCO-GIAP with Regional and Global Compliance initiatives.

Accountabilities/Responsibilities

• The CCO role is responsible for the Compliance Function in AIG General Insurance operations in Australia and New Zealand.The role requires the CCO to establish and maintain a designated compliance function that assists senior management of AIG Australia (and AIG New Zealand) in effectively managing compliance risks. As the senior-most Compliance Officer in Australasia, the CCO supervises day-to-day implementation of AIG’s global and respective domestic compliance policies in Australia and New Zealand.Principal relevant subject areas include, but are not limited to, Anti-Money Laundering, Anti-boycott, Anti-Corruption, Antitrust, Conflicts of Interest, Economic Sanctions, Export Compliance, Privacy, and Data Management.
• Developing, documenting, and maintaining business-wide compliance programs for all countries overseen by the position (Australia and New Zealand) that include risk assessments, development and maintenance of applicable policies, procedures, and guidelines, that are appropriately tailored to prevent, detect, and correct specific compliance risks.
• Developing, documenting, and implementing, annual compliance training programs on regulatory and compliance topics relevant to the jurisdiction, to enhance employee knowledge and understanding of compliance policies and procedures, relevant laws, regulations, and standards of good business.
• Maintaining in-depth knowledge of the businesses and their activities in order to ensure adequate compliance oversight and resources as business needs evolve over time; advising the respective executive management teams on emerging regulatory and compliance issues.
• Assuming a leadership role in the areas of regulatory and compliance risk management by maintaining high levels of communication and cooperation within the senior management teams, and all relevant business and support functions.
• Maintaining a strong presence in the business to promote an environment where individual staff will seek compliance guidance when they have questions or concerns.Providing guidance to management staff and compliance officers on corporate and business compliance standards.
• Hiring and training qualified local compliance officers and other professional staff, as required, that have the requisite knowledge, experience and personal qualities to be able to carry out their duties effectively.Ensuring that compliance officers possess a sound understanding of relevant laws, regulations, rules, standards, internal guidelines, and the AIG Code of Conduct, and their practical impact on the business operations.
• The CCO will support communications with relevant external bodies such as regulators, industry associations, etc., and take the primary contact role as necessary or appropriate, to represent AIG Australia and/or AIG New Zealand in roles including providing or gathering information, responses to inquiries, audits and examinations, and other scenarios as appropriate.
• Providing periodic reports to senior management, boards of directors, and other relevant bodies and stakeholders.
• The CCO will develop and maintain partnerships with relevant functions, e.g., Underwriting, Distribution, Legal, Operations, Risk, Internal Audit as well as with senior management of Australia and New Zealand.
• Escalating compliance issues and potential violations of compliance policies and procedures, laws, regulations, and standards of good business to the CCO-GIAP, business manager, general counsel, and other key managers as appropriate.
• Developing any necessary compliance tools and training targeted for any group or function.
• Manage resolution of compliance matters, coordinating with the General Manager, Legal, Risk, Internal Audit, business stakeholders, and Regional and Global Compliance.
• Performing other tasks from time-to-time as directed by Asia Pacific or Global Compliance.

What we are looking for:

• Senior managerial experience and knowledge in managing a compliance department, including maintaining policies and procedures, overseeing compliance risk assessment processes, implementing compliance training programs, and radiating monitoring potential violations of policy, law, or regulations
• A strong education including an undergraduate degree, graduate degrees in relevant areas of study such as law, audit, risk management, or accounting.
• Extensive experience in development of a company-wide compliance program.
• Excellent presentation and communication skills.
• Significant experience and understanding of financial industry regulatory compliance issues in Australia, with additional weight given to insurance industry experience.
• Experience with global legal and regulatory compliance frameworks, including actual exposure to regulatory inquiries or examinations.
• Demonstrated ability to influence and work effectively within a highly-motivated organization with employees at all levels.
• Demonstrated ability to take ownership, responsibility, and leadership necessitated by varying circumstances.
• Self-starter with the ability to meet or exceed deadlines, prioritize, multitask, and maintain flexibility in fast-paced, changing environment.
• Ability to have a strong sense of empathy in working with multiple functions within organization.
• Manage a team of compliance staff.

About AIG

American International Group, Inc. (AIG) is a leading global insurance organization. Founded in 1919, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement products, 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. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.

Join our Talent Network at http://www.aig.com/careers/life-at-aig/join-the-talent-network. Additional information about AIG can be found at www.aig.com and http:// www.aig.com/strategyupdate | YouTube: http://www.youtube.com/aig | Twitter: @AIGinsurance | LinkedIn: http://www.linkedin.com/company/aig. These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.