Director Sanctions Compliance Operations

American International Group•Atlanta, GA

40d•Onsite

About The Position

The Director Sanctions Compliance Operations is a key leadership role within GI Sanctions Processing team (GISP) that has both regional and global responsibilities for overseeing and enhancing end-to-end sanctions screening solutions and will report to the Global Head of Sanctions Processing. This position will ensure screening is executed effectively and in a compliant manner with the AIG Global Economic Sanctions Policy by working with key stakeholders such as Compliance, Legal, Technology, Operations and the Business Teams. This role will drive the continuous improvement of sanctions screening application and optimization of the screening algorithms. The Director of Sanctions Processing will be responsible for managing the Global Treasury Transformation for payments screening. This critical project is rolling out country-by-country. Responsible for managing the Global Hub for Pre-Bind Screening Process working with Technology and our screening vendors. Working with the Global Head of Sanctions Processing managing Operational Transformation of the current screening processes to the Target Future State. This multi-year project is a critical global project that will enhance our screening processes. Leadership role in the development of the AIG Global Compliance Screening initiatives with the responsibility for assisting with the development / evaluation / implementation of screening solutions for addressing economic sanctions, anti-money laundering and anti-corruption screening for all businesses within North American Region (e.g. Corporate Functions and Property Casualty) as well as TSA supporting divestitures. Support the North America Third Party Administration (TPA) Governance Team with the review and assessment of 90 TPAs within the Region. Assessment will include understanding their sanctions processing and procedures, validating compliance with AIG Global Economic Sanctions Policy from a screening perspective and identifying any control deficiencies. If required work with AIG TPA Governance Team and the TPA to resolve / implement mitigating controls. Oversee all Operational aspects for screening processing for North America. Responsible for developing, implementing and maintaining operational compliance with the Global Standard Operating Procedures. Validating Service Level Agreements (SLAs) are being met for our business partners and conduct reviews of Technology proposals ensuring sanctions screening requirements. Conduct reviews of IT proposals to ensure that sanctions screening requirements are met, as part of the global IT governance process. Manage the Assurance Functions for Sanctions Processing within the North American Region ensuring controls are working effective (e.g. Reconciliation Process). Serve as a Subject Matter Expert (SME) for sanctions processing matters within North America. Understand the Business concerns. When appropriate develop mitigating controls addressing the potential risks or exposures working with the Local Compliance Officers and / or Internal Audit. Build strong working relationships with North America Operations and Compliance Teams.

Requirements

8+ years of sanctions operational compliance knowledge developing onboarding solutions
Familiarity with AI / ML driven screening technologies or data analytics platforms.
Ability to work in a matrix organization.
Proven analytical, leadership and problem solving skills.
Proven Commercial and Consumer Insurance knowledge or experience working in a diversified financial institution.
Familiarity with sanctions screening systems (e.g. FinScan, Bridger Insight, Actimize, FircoSoft, Moody Analytics Orbis or similar).
Ability to resolve complex control conformance issues.
Strong management policy, procedure and operational practice knowledge.
Strong knowledge of risk & control assessment management.
Advanced Excel skills
Visio skills
Microsoft Suite of products (Word, PowerPoint, Project, etc.) skills

Responsibilities

Managing the Global Treasury Transformation for payments screening.
Managing the Global Hub for Pre-Bind Screening Process working with Technology and our screening vendors.
Managing Operational Transformation of the current screening processes to the Target Future State.
Assisting with the development / evaluation / implementation of screening solutions for addressing economic sanctions, anti-money laundering and anti-corruption screening for all businesses within North American Region (e.g. Corporate Functions and Property Casualty) as well as TSA supporting divestitures.
Support the North America Third Party Administration (TPA) Governance Team with the review and assessment of 90 TPAs within the Region.
Overseeing all Operational aspects for screening processing for North America.
Developing, implementing and maintaining operational compliance with the Global Standard Operating Procedures.
Validating Service Level Agreements (SLAs) are being met for our business partners and conduct reviews of Technology proposals ensuring sanctions screening requirements.
Conducting reviews of IT proposals to ensure that sanctions screening requirements are met, as part of the global IT governance process.
Managing the Assurance Functions for Sanctions Processing within the North American Region ensuring controls are working effective (e.g. Reconciliation Process).
Serving as a Subject Matter Expert (SME) for sanctions processing matters within North America.
Building strong working relationships with North America Operations and Compliance Teams.