Regulatory & Government Affairs Director

Regulatory & Government Affairs Director - 12 Month Contract

• 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

• 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

Benefits information not provided in this listing.

AIG is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks.