Job Description
Position Description:
Execute Compliance testing reviews across AIG with limited supervision including assessing key risks and evaluating associated control design and effectiveness. Participate in related meetings and complete all required documentation that supports the work performed in accordance with methodology requirements. Attention to detail and quality are key as is the ability to make presentations in a clear and concise manner to senior audiences. Provide direction and coaching to Senior Reviewers where required
Communicate test results with Compliance and business management both verbally and through written Compliance Testing reports. Draft issues, reports and prepare planning memos, process narratives, flow charts, leadsheets and Sample Rationale Documents as well as other test related material that requires minimal editing. Recommend ratings for both issues and reports based on the work performed taking into account the risk presented to the entity and to AIG. Review workpapers prepared by Senior Reviewers for quality and accuracy. Provide feedback and coaching to staff as required.
Establish and build effective relationships with colleagues to enable partnership and collaboration for control related matters. Provide direction and coaching to senior reviewers with the aim of identifying staff who demonstrate growth potential and recommend opportunities to develop these individuals further. Assist with the preparations and participate as appropriate in the mid year and annual performance evaluation process
Develop understanding of business practices as well as key local laws and regulations that impact the test plan in the various business units where testing is conducted. Leverage this understanding to facilitate the execution of test reviews and sharing of information with colleagues. Act as a consultant to business management in developing policy and procedural requirements as well as providing solutions to assist in resolving critical issues impacting the area of coverage. Identify the root cause for breaches of local law, regulation policy and/or internal control deficiencies. Be able to present suggestions for process improvements, associated corrective action as well as evaluating the timeliness and proposed remedial actions by management
Manage review hours to deliver work on time and in accordance with the agreed upon budget. Recommend opportunities to update the test plan based on observations during execution of test work as well as areas to enhance operational efficiency and effectiveness both for processes being reviewed and Compliance Monitoring and Testing Methodology. Participate in special projects or ad-hoc assignments on an as-needed basis
Position Requirements:
Extensive relevant progressive auditing experience with a focus on identifying risks and evaluating control design and effectiveness
Solid foundational knowledge of planning and executing audits focused on control design and effectiveness
Understanding of insurance and/or investments business processes, including the applicability of key laws and regulations
Proactive approach to enhancing insurance and/or investments industry and related product knowledge to ensure compliance test efficiency and effectiveness
Experience leading small teams during an audit cycle, providing direction on audit assignments, coaching staff with respect to requirements and providing feedback on performance related matters
Ability to build talent, motivate and influence others. Able to create opportunities for team members, proactively assessing opportunities inside and outside of the Compliance function
Ability to assume ownership of assigned tasks and deliver a quality product within the agreed framework including the hours allocated
Able to demonstrate through experience how a proactive approach or initiative has been taken in order to meet an agreed timeline or job requirement
Ownership for accurate documentation reflective of the work performed and supportive of the conclusions reached
Effective time management with the ability to coordinate and prioritize multiple and competing initiatives
Strong verbal and written communication skills with the ability to clearly articulate questions provide management with relevant information and respond to any questions they may have. Ability to present to senior management in a clear and concise manner. Demonstration of management courage; able to take a position and influence others
Ability to establish effective working relationships with colleagues and peers. Ability to demonstrate collaboration and partnership and actively promote team work
Ability to set realistic goals in order to consistently meet deadlines working additional hours where required
Some travel will be required , primarily within Europe but also potentially within the wider EMEA region. depending on business requirements
Minimum of a Bachelor’s degree; Accounting or Finance preferred or a Masters degree
Insurance industry and/or Investments experience in an audit related field is preferred
Able to demonstrate the use of problem solving and analytical skills
Proficiency in Microsoft Office (Excel, Word, PowerPoint, and Access)
European language skills are an advantage
About Us:
American International Group, Inc. (AIG) is a leading global insurance organization. Founded in 1919, today we provide a wide range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in more than 100 countries and jurisdictions. Our 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.