Chief Compliance Officer -- Group Retirement job Houston Texas
Chief Compliance Officer -- Group Retirement job Houston Texas
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Chief Compliance Officer -- Group Retirement Job

Employer Name: SpiderID: 7138243
Location: Houston, Texas Date Posted: 12/4/2017
Wage: Negotiable Category: Insurance
Job Code: JR1701237

Job Description:

Chief Compliance Officer - Group Retirement

The newly created role of the Chief Compliance Officer - Group Retirement is to lead a team of compliance professionals and engage with and provide strategic advice to business partners at an executive level. The position reports to the Chief Compliance Officer - AIG Life & Retirement. The responsibilities of the position include the following:

  • Lead implementation and own sustainability of the compliance program for Group Retirement including:

    • Executive level engagement of the full value chain of the business from product development, through the marketing/bid process and sale of insurance and securities products and services to maintenance of the in-force book and plan commitments.

    • Establish and periodically review policies and procedures for Group Retirement plan compliance.

    • End-to-end compliance oversight including developing and maintaining effective controls designed to monitor the effectiveness of the compliance program; ensuring and supporting the review of the appropriateness of the compliance system and procedures and implement necessary remediation for any identified deficiencies.

  • Provide compliance leadership for VALIC Retirement Services Company, a retirement plan record keeper and SEC-registered mutual fund transfer agent, including:

    • Monitor compliance with federal securities laws applicable to transfer agents

    • Update and periodically review transfer agent policies and procedures

    • Monitor compliance aspects of proprietary TPA software, Retirement Manager

    • Respond to compliance questionnaires from fund companies offered on VALIC mutual fund platform

  • Provide leadership and management oversight to VALIC Financial Advisors ("VFA") including the activities of the VFA Chief Compliance Officer and staff.

  • Other responsibilities include:

    • Maintain a strong presence in the business to promote an environment where individual staff will seek compliance guidance when they have questions. Provide guidance to management, staff and compliance officers on corporate and business compliance standards. Provide compliance guidance to operations, claims, underwriting, and the distribution function.

    • Manage staff and ensure qualified local compliance officers and other professional staff have the requisite knowledge, experience and personal qualities to be able to carry out their duties effectively. Ensure that compliance officers possess a sound understanding of relevant laws, regulations, rules, standards, internal guidelines and Code of Conduct and their practical impact on the business operations.

    • Maintain in-depth knowledge of the business and its activities in order to ensure adequate compliance oversight and resources as the business needs evolve over time; advise the Division on emerging compliance issues.

    • Periodic reporting to senior management, boards of directors and other Company stakeholders.

    • Participate in the legislative/regulatory monitoring process, including providing oversight regarding the design and implementation of compliance solutions to address legal and regulatory requirements.

    • Participate and where appropriate coordinate and lead resolution of significant regulatory inquiries and customer complaints.

      Candidate Qualifications:
      The ideal person for this role should have managerial experience and knowledge in managing a compliance department, including maintaining policies and procedures, overseeing compliance risk assessment processes, implementing compliance training programs, and monitoring and remediating potential violations of policy or law. Candidates will be expected to possess the following professional and personal attributes:

  • A strong educational background including an undergraduate degree and a minimum of 10 years of relevant experience. MBA or Law Degree and FINRA series 7, 24 and 65/66 licenses.

  • Significant experience and understanding of the retirement and securities industry including knowledge of insurance regulations across the spectrum of AIG's Life & Retirement businesses, including retirement plans, life insurance, fixed and variable annuities and mutual funds.

  • Knowledge of and experience with the Employee Retirement Income Security Act of 1974 and Department of Labor rules applicable to the retirement business preferred.

  • Familiarity with the knowledge of the mutual fund industry, from a product, corporate governance, compliance and administrative perspective including knowledge of Federal Securities regulations, e.g., the Investment Company Act of 1940, the Investment Advisers Act of 1940 and Securities Exchange Act of 1934.

  • Experience and knowledge of FINRA, SEC, state securities and firm-specific rules and regulations. Prior experience working at a broker/dealer or with registered investment advisors preferred.

  • Demonstrated ability to influence and work effectively and cross-functionally within a highly-matrix organization with employees at all levels and in particular key stakeholders and legal and compliance professionals supporting the AIG Life & Retirement businesses.

  • Self-starter with the ability to meet or exceed deadlines, prioritize, multi-task, and maintain flexibility in fast-paced, changing environment.

  • Strong problem-solving skills and the ability to confront conflict and difficult issues in a professional, assertive and proactive manner.

  • Excellent organizational, written, verbal and presentation skills including the ability to interpret and communicate compliance guidance internally and to effectively communicate with regulators.

About AIG

American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States.

AIG Property Casualty is a global market leader, one of the few truly global property casualty franchises.
AIG Life and Retirement is one of the largest life insurance organizations in the U.S., and provides protection, investment and income solutions needed for financial and retirement security.
United Guaranty Corporation is the marketplace leader in mortgage insurance in the U.S.

Additional information about AIG can be found at | YouTube: | Twitter: @AIG_LatestNews | LinkedIn:

Job Criteria:
Start Date:
Position Type: Full-Time Permanent
Years of Experience Required:
Education Required:
Overnight Travel:
Vacation Time:

Contact Information:
Contact Name: AIG Company Type:
Company: AIG

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