Who we are

American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property casualty insurance in approximately 70 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets and manage risks.

 

We’re also committed to making a positive difference for our colleagues and in the communities where we work and live. We encourage colleagues to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.

 

Get to know the business

As a global multinational insurance corporation, AIG navigates an ever-changing and complex legal and regulatory landscape that spans state, federal, and international lines. The Legal team is responsible for providing advice and counsel to our business and functional clients across the company. Our legal professionals help the company avoid legal exposure, while ensuring compliance with local laws and regulations in the countries where AIG operates. Company attorneys also complete innovative deals and help shape the development of cutting-edge insurance products.

 

About the role

What you need to know:

Responsible for the overall Compliance function within the local organization. This includes ensuring compliance with regulatory and internal AIG compliance requirements:

• Implement and ensure compliance with the AIG’s compliance policies and procedures;

• Uphold the compliance risk-based framework by identifying and assessing the effectiveness of controls in place via engagement with Management and, where necessary, develop action plans to address control deficiencies or gaps identified;

• Advise business on compliance-related matters in day-to-day operations, including providing solutions to business requirements to ensure continued business growth and success while adhering to regulatory and corporate requirements;

• Keep Regional Compliance, Local Management, and relevant Committees informed and updated on all related compliance matters/issues, including escalating reportable compliance issues in accordance with set timeframes and requirements;

• Liaise and coordinate with AIG Vietnam’s local regulators on compliance related matters, including as point of contact or coordinator for applicable regulatory examinations;

• As required, lead or assist with any special investigations that may be required to be performed;

• Collaborate and engage with stakeholders on the development and implementation of key business initiatives;

• Ensure functional compliance budgets are managed in accordance with budget;

• Clearing sanctions hits and advise on sanctions related matters, in consultation with AIG Financial Crimes Group (FCG);

• As necessary, undertake local compliance assignments or initiatives that may be led by Regional/Global Compliance teams. Serve as a resource for both the Regional Compliance function and Regional Management on matters affecting country compliance programs;

• Coordinate as required with the Compliance Testing team and report its results and/or findings to Local Management or relevant Local Committees. Monitor the progress of management action plans agreed during the monitoring and testing;

• Establish a compliance culture by instilling awareness in day-to-day interactions and also ensuring completion of the AIG Compliance training programs.

Responsible for the overall management and execution of the Risk Management strategy and activities, in accordance with AIG policies and local regulatory requirements (as applicable):

• Work closely with the Local management to maintain the Risk Appetite Statement and an effective risk management framework to identify, assess, manage, monitor, and report all material risks that AIG Vietnam is exposed to, including AIG Vietnam’s top risks/risk register;
• Work with senior management and actuarial team to facilitate the stress test scenarios review;
• Ensure all risk management regulatory submissions (i.e. Risk Management Reports) are completed within regulatory timelines and with due internal process;
• Support the local risk management governance structure and facilitate the quarterly Risk & Capital Committee meetings;
• Timely escalation of any risk matters to management, within the Regional ERM function, and to the Board or Board’s delegated committees as needed, including preparation of risk reports to the Audit Committee;
• Maintain the Risk Event Reporting program and further embed it in the business;
• Strengthen the risk culture to underpin the effectiveness of the overall risk management framework, including conducting training sessions for employees;
• Providing oversight from an ERM perspective on key activities within the company, such as product design, reinsurance, investment, major projects, etc;
• Work closely with other assurance functions to strengthen the assurance framework.

What we’re looking for:

• Individual with more than 5 years of relevant experience in Risk, Compliance, Legal, or Audit. Preferably in an insurance company;
• A professional educational background; preferably legal or audit qualifications;
• Approachable, self-initiator, problem-solving with the ability to confront issues diplomatically;
• Good communication and interpersonal skills, with the presence and ability to interact and build credibility across all levels of staff;
• Ability to work effectively within a multinational, matrix organization and with employees of all levels.

#LI

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 belonging

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 our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity 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 [email protected].  

Functional Area:

CP - Compliance

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

AIG Vietnam Insurance Company Limited