Regulatory & Government Affairs Director at AIG

How you will create an impact

You will work closely with AIG UK and AIG’s Lloyd’s Managing Agent, Talbot Underwriting Ltd (TUL), to provide regulatory and government affairs advice, respond to day to day regulatory requests and support the International Head of Regulatory & Government Affairs in managing UK regulatory and government affairs relationships. 

Some of the key responsibilities include:

• Work with the Head of International Regulatory & Government Affairs to manage ongoing interaction between AIG in the UK and the PRA & the FCA
• Analyse, understand and explain UK regulatory rules, supervisory & policy statements, guidance etc., acting as an adviser to the business on regulatory rules and matters
• Ensure all BAU regulatory interaction is managed to a high standard, with requests fulfilled promptly and accurately, with input from relevant stakeholders and subject matter experts
• Work with colleagues to provide clarity and deliver on regulatory expectations as outlined in Periodic Summary Letters and other regulatory requirements
• Prepare senior leaders for regulatory meetings, drafting accurate, well written and clear briefing notes, and highlighting key areas of focus and issues to be aware of
• Support business lines/functions to ensure that AIG’s UK entities deliver high quality and co-ordinated regulatory interactions
• Manage the administration of AIG UK’s entities Senior Manager Regime requirements (advice, approvals, documentation etc.)
• Advise AIG’s UK businesses on UK regulatory issues (clarifying regulatory expectations, new initiatives, regulatory changes, regulatory trends etc.) which may impact AIG’s UK operations
• Draft or Edit regulatory update materials for Board, Executive Committees, Senior Leaders etc.
• Work with key stakeholders to deliver regulatory driven projects, as needed
• Act as a spokesperson for AIG in the UK with the relevant regulatory supervision teams
• Horizon scanning, identification & analysis of regulatory change, engaging with subject matter experts to determine applicability and action required
• Support the International Head of Regulatory & Government Affairs on UK Government Affairs and International Regulatory and Government Affairs, as needed

What you’ll need to succeed

• Extensive experience of regulatory & government affairs, include experience with PRA or FCA
• Knowledge of and experience in the UK Senior Manager & Certification Regime (SMCR)
• Knowledge of the PRA & FCA handbooks & ideally knowledge of Lloyd’s regulatory expectations
• Understanding of general insurance business models and relevant terminology
• Ability to read a P&L/balance sheet and interpret high level financial information
• Prudential regulatory knowledge and experience, ideally including experience supporting regulatory engagement of Internal Models/Major Model Change applications
• UK Conduct knowledge e.g. knowledge of Fair Value, Pricing Practices, Consumer Duty
• Should possess the following attributes: gravitas and executive presence, ability to influence senior stakeholders, agile ‘learn it all’ mindset, business acumen, negotiation and organizational agility, presentation and problem-solving skills and sound judgment