Head of Compliance, Singapore
Confirmed live in the last 24 hours
AIG
Job Description
At AIG, we are reimagining the way we help customers to manage risk. Join us in Head of Compliance, Singapore to take your Compliance career to the next level with a global market leader.
Make your mark in Global Legal, Compliance and Regulatory (GLCR)
Our Global Legal, Compliance and Regulatory (GLCR) team provides first class advice to colleagues and functions across the organization – ensuring AIG navigates an ever-changing landscape that spans state, federal, and international lines. The team has a multi-dimensional impact, from helping avoid legal exposure to collaborating with other functions to develop cutting-edge new products.
How you will create an impact
Reporting directly to the Chief Compliance Officer for APAC and China, you will be the senior compliance leader for AIG Singapore. You will have full responsibility for the entire compliance framework, acting as the key interface with our Singapore business stakeholders and relevant regulatory bodies, including the Monetary Authority of Singapore (MAS).
- Lead and own the establishment and/or enhancement of compliance governance initiatives for AIG Singapore. To liaise with process owners to discuss assessment and observations, including efforts related to development and implementation of applicable Compliance policies and procedures.
- Partner with business and functional colleagues to help achieve sustainable, profitable growth by providing advice on key compliance risks to the business; devise practical measures to comply, strategies for execution, assist with control design and governance; and align resources to manage risk intelligently.
- Devise proactive plans around managing regulatory implications of changes and engaging key stakeholders regarding such changes.
- Partner with relevant stakeholders to monitor and implement regulatory changes impacting AIG Singapore and ensure senior management and Board are updated on these developments.
- Perform the Annual Compliance Risk Assessment (CRA) in accordance with requirements from the Global Compliance Group and work with Local Stakeholders to review/ address high compliance risks areas identified from the CRA.
- Conduct compliance related training in accordance with the Training Plan. Ensure completion of relevant AIG Compliance training programs.
- Policies & Procedures: Implement new and updated policies and procedures and ensure that all governance procedures are completed to localize the policies in Singapore.
- Sanctions Screening: Undertake and supervise the overall sanctions screening process, working closely with Financial Crime Group for escalation of potential matches. Perform periodic review as required by FCG and General Insurance Sanctions Processing (GISP).
- Compliance Records Management: coordinate with business units to resolve issues and gaps, run the Records and Information Management week.
- Perform the role of a Business Continuity Process Coordinator and undertake all related activities.
- Undertake Periodic Reviews exercises and risk assessments.
- As required, lead or assist with any special investigations that may be necessary.
- Prepare all management reporting material for monthly and quarterly reporting for management committees and the board.
- Work with the Data Analytics team to ideate and develop tools to monitor compliance and/or regulatory risks.
- Implement and ensure compliance with the overall AIG Compliance framework.
- Assist the regional Chief Compliance Officer in Compliance-related queries and projects, when required.
- Provide oversight and guidance to the Compliance Manager who reports into this role.
What you’ll need to succeed
- 8+ years of relevant compliance experience in Compliance, Legal or Audit. Preferably in an insurance company.
- A professional educational background; preferably legal or audit qualifications.
- Ability to work effectively within a matrix organization and with employees of all levels.
- Approachable, self-initiator, problem solving with the ability to confront issues diplomatically.
- Exceptional communication and interpersonal skills, with the presence and ability to interact and build credibility across all levels of staff.
- Strong technical knowledge of MAS regulations and reporting requirements.
- Understanding of insurance processes, including the applicability of key laws and regulations.
- Ability to work independently while assuming ownership of assigned tasks.
#LI-RO1
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:
CP - ComplianceAIG Asia Pacific Insurance Pte. Ltd.
