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This position will be based in either our Nashville, Tennessee office or our Houston, Texas office.
AIG’s Global Legal, Compliance, Regulatory and Government Affairs (GLCR) department is comprised of attorneys and other professionals providing high quality advisory and transactional support with integrity and objectivity across all parts of the organization. The team ensures an operating environment that minimizes legal, regulatory and reputational risks and complies with all laws and regulations and AIG policies & procedures.
This is a global, diverse and award-winning team that has been recognized for its leadership and innovative solutions. You will also be able to participate in AIG’s award-winning pro bono program.
In this challenging and dynamic role, you will have the opportunity to work with a team of legal professionals who make up our Regulatory Team supporting primarily AIG’s Life and Retirement (“L&R”) businesses, operations and legal entities (“L&R Regulatory Team”). The L&R Regulatory Team has a core complement of responsibilities as described below. In the role of Counsel, your primary role will be to advise and support management of our life insurance companies’ monitoring and regulatory change functions, as well as to support state insurance exams, market conduct filings and related regulatory inquiries. Additionally, you will be asked to work on and support all other facets of work managed by or coordinated through the L&R Regulatory Team. This is a dynamic and client-facing position for a self-starting, intellectually curious lawyer who is willing to dive in to a number of challenging projects while at the same time tending to ordinary course matters needed to support the day-to-day workings of the L&R businesses, operations and legal entities.
The primary responsibilities of L&R Regulatory Team include the following:
Managing and supporting the L&R business lines’ regulatory monitoring and advocacy function, and providing similar support to other AIG lines of business as may be requested (e.g., monitoring legislative and regulatory proposals, emerging areas of legislative or regulatory concerns/risks, and/or industry trends, in each case that impact our lines of businesses and operations); and
Supporting the management of our L&R insurance companies’ state insurance exams, and states market conduct filings and regulatory inquiries
day-to-day management in receiving market conduct regulatory notices and inquiries;
coordinating responses to exams, filings and inquiries, and liaising directly with our regulators regarding such exams, filings and inquiries; and
developing and helping to drive strategic advocacy positions in response to regulatory findings and negotiating fair and reasonable exam outcomes; and
Managing the L&R business lines’ regulatory change management function (e.g., assess applicability of legislative and regulatory enactments that impact L&R business lines, and effectively communicate the same through established procedures to L&R internal stakeholders); and
Providing general insurance regulatory and related transactional support for L&R insurance companies
preparing and managing insurance regulatory filings under state insurance holding company and related insurance laws;
supporting the management of L&R U.S. life companies’ regulatory relationships with domicile states;
providing legal review on general contracts and non-disclosure agreements; and providing general legal/regulatory support for L&R functional areas, including capital management, actuarial, accounting, enterprise risk management, treasury teams; and
consulting on proposed investment transactions involving L&R entities that may implicate insurance regulatory considerations.
Specific responsibilities of this position will include:
Collaborate with and support L&R legal professionals with maintenance of L&R’s regulatory monitoring and advocacy function, as well as the regulatory change management function;
Provide legal and regulatory support, including legal research, drafting and document review, on L&R insurance companies’ state insurance exams and market conduct related inquiries and/or filings;
Provide day-to-day general legal and regulatory advice and/or support to other L&R teams and L&R legal entities, as requested, including general contract review and insurance regulatory filings;
Provide support on special projects as requested, and some limited travel for business anticipated (~5-10%); and
Effectively work in a team environment, closely collaborate and provide team support with peers across Legal, Compliance and other control functions at the segment (L&R) and global (AIG) levels.
Candidate must have a JD from an accredited law school, be admitted to at least one state bar, and have 4 to 6 years (or more) of law firm or relevant in-house experience.
Top academic credentials, excellent oral and written communication skills, in particular the ability to communicate complex concepts clearly and simply and to present clear choices are required.
Problem-solving skills that demonstrate ability to critically evaluate and analyze issues and recommend well thought-out and/or creative solutions.
The candidate must have the ability and desire to take on multiple projects, effectively prioritize each project, and balance thoughtful decision making with careful and timely execution.
Demonstrated maturity, judgment and poise are requirements for this position. Also expected of the successful candidate are: strong and effective organizational and interpersonal skills, and being highly accountable, dependable and motivated.
Demonstrated abilities in review and handling of complex transactions, as well as experience in dealing with insurance regulators and/or regulators in general, are beneficial.
We are focused on fostering and maintaining a collegial, professional, friendly, creative, entrepreneurial and supportive work environment. This is a client/business partner-facing role, and will also be required to work closely with peers in and outside of the L&R Regulatory Team. Accordingly, through his or her example, the successful candidate will be expected to take ownership of, and help to promote, our positive culture.
Proficient with Microsoft Office programs (including Word, Outlook, PowerPoint and Excel), excellent technology skills (e.g., use of SharePoint sites, Archer and other platforms to meet Performance Objectives) and/or demonstrated willing to learn new technologies.
Internal Number: JR1812740
About Us American International Group, Inc. (AIG) is a leading global insurance company. Tracing its roots to a company started in Shanghai in 1919, today AIG provides a wide range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in more than 130 countries and jurisdictions. AIG’s 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 under the symbol “AIG”.AIG Commercial Insurance is a leading provider of insurance products for commercial and institutional customers through one of the world’s most far-reaching property casualty networks. AIG Commercial Insurance offers one of the industry’s most extensive ranges of products and services, through its diversified, multichannel distribution network, benefitting from its strong capital position.AIG Consumer Insurance is a premier provider of insurance products for individuals and families including select consumer property insurance offerings, life insurance protection..., and retirement products. AIG has one of the largest life insurance, annuity and retirement services businesses in the United States with one of the broadest distribution networks and most diverse product offerings in the industry. AIG Consumer Insurance serves in the U.S. alone 18 million customers with life insurance products and retirement services.Additional information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIGInsurance| LinkedIn: http://www.linkedin.com/company/aig