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Surveillance Analyst - Compliance
American International Group | Houston, Texas
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Job Description

Functional Area:

CP - Compliance

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

American General Life Insurance Company

We have an exciting opportunity for a Surveillance Analyst to join our Compliance team! You will be responsible for completing subjective reviews including, but not limited to: Financial Advisor/Branch/Regional profile, Product profile, adherence to policy and procedure for cause and/or discovery.

Specific responsibilities will include:

* Identify and assist in mitigating compliance risk within the organization.
* Review Field Advisor(s) business for common risk and regulatory issues.
* Create summaries detailing negative trends including, but not limited to: product concentration, sales concentration, suitability concerns, high rates of exchanges, replacements and rollovers, mutual fund B-share and C-share concentrations, high rates of mutual fund switching, liquidity issues and the accuracy of documentation regarding expenses and the comparison of product features.
* Deliver and track trend/for cause summaries to internal business units for review and follow up. Units such as: Supervision, Consumer Compliance, Field Compliance and/or Senior Management.
* Participates in the creation and issuance of written procedures and respective Compliance communications.
* Manage and maintain strong relationships with business partners.
* Communicates and escalates issues as appropriate to the Senior Management.
* Stay current on trends in our business.

Job Requirements:

* We will consider recent college grads with a degree in finance and an internship within the financial services industry; OR
* Bachelor's degree (Degree preferred) and 1-2+ years of experience in the financial securities industry.
* Must be proficient with MS Office Suite. MS Excel is a must.
* Must be detail-oriented, intuitive, innovative, and have the ability to handle a high volume of work independently.
* Must have effective communication skills with the ability to articulate concerns, both written and verbal.
* Must have knowledge of the retail brokerage business and common investment products including mutual funds, variable annuities, alternative investments, stocks, and bonds. Strength in variable annuities and mutual funds highly preferred.
* Ability to interpret and apply Standard Operating Procedures, the Sales Practice Manual, FINRA rules, SEC rules, product prospectuses, Compliance notices and other regulatory publications.
* FINRA Series 7 preferred, but should be obtained within the first three months of employment. Two testing opportunities will be allowed. FINRA Series 24 preferred, but should be obtained within the first three months of employment (if S7 is already secured) or within three months of obtaining S7. Two testing opportunities will be allowed.

It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.

At AIG, we believe that diversity and inclusion are critical to our future and our mission - creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

About American International Group

American International Group, Inc. (AIG) is a holding company which, through its subsidiaries, is engaged in a range of insurance and insurance-related activities in the United States and abroad. AIG's primary activities include both General Insurance and Life Insurance & Retirement Services operations. Other significant activities include Financial Services and Asset Management. AIG's major product and service groupings are General Insurance, Life Insurance & Retirement Services, Financial Services and Asset Management. Through these operating segments, AIG provides insurance, financial and investment products and services to both businesses and individuals in more than 130 countries and jurisdictions. In September 2007, AIG announced that it has completed the merger of a wholly owned subsidiary with 21st Century Insurance Group. Upon consummation of the merger, it acquired the remaining 39.3% interest in 21st Century. In September 2008, AIG sold its 50% stake in London City airport.

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