Head of Financial Controls

About the role

Reporting to the Global Controller and Chief of Accounting, the Head of Financial Controls is responsible for leading AIG’s internal controls over financial reporting (ICFR) / Sarbanes-Oxley (SOX) Program. The incumbent will be responsible for setting and maintaining the company’s strategy for complying with the requirements of SOX. As the Head of Financial Controls, you will be a pivotal member of the Controllership function and will work with stakeholders across the organization to ensure that internal controls are designed, implemented and enhanced to provide comfort over the Company’s financial reporting and related processes.

The Financial Controls Unit (FCU) is primarily responsible for managing the Internal Controls over Financial Reporting (ICFR)/SOX program for AIG. The FCU is part of AIG’s Corporate Finance function and is considered the ‘second line of defense’ at AIG. The FCU’s primary objective is to ensure AIG’s SOX program is executed effectively and the internal control environment is maintained adequately in support of SOX Section 302/404 certifications as required by the Sarbanes Oxley Act of 2002. The FCU team is accountable and responsible for maintaining and ensuring compliance with AIG’s ICFR standards, SOX scoping and risk assessment, control deficiency analysis and aggregation, and overall governance reporting to various Management committees.

Responsibilities

• Lead the financial controls unit (FCU) in all aspects of the Company’s ICFR / SOX Program, including onshore and offshore teams.
• Serve as the chair of AIG’s quarterly Internal Control Governance Committee, coordinating all meeting materials and leading the Committee through the agenda.
• Lead annual materiality, scoping and risk assessment activities to establish the annual ICFR/SOX Program scope.
• Provide training and guidance to process and control owners on ICFR/SOX policy matters to enforce accountability and foster a control-focused culture across the organization.
• Work with Management to remediate known control deficiencies and ensure remediation plans are designed to address the root cause and prevent reoccurrence.
• Advise Management in regard to evaluating the impact on controls resulting from transformation activities and other projects impacting financial reporting.
• Provide quarterly and ad hoc reporting communications for defined stakeholder groups including the Internal Control Governance Committee and Group and local Audit Committees.
• Coordinate with internal and external auditors frequently to ensure that AIG’s ICFR policy and methodology is aligned to maximize external audit reliance on AIG’s IC