Role Overview:The Assistant Manager of Treasury is responsible for leading the end-to-end governance, administration, and oversight of the organization's Global Letter of Credit (LOC) portfolio. The role ensures accurate execution of LOC transactions, compliance with statutory and contractual requirements, and strong operational controls across treasury Letter of Credit activities.
Key Responsibilities:- Lead and oversee the Global LOC management function, ensuring effective governance of statutory and non-statutory Letters of Credit.
- Define the operating framework, policies, and controls for LOC administration.
- Drive continuous improvement initiatives to strengthen process efficiency, documentation, and risk controls.
- Oversee lifecycle management of LOC transactions including Issuance, amendments and increases, Decreases and cancellations and Expiry monitoring and renewals.
- Ensure accurate validation of LOCs with external banking partners and financial institutions.
- Monitor timely execution of LOC transactions and ensure all documentation requirements are satisfied.
- Maintain integrity of internal databases and LOC tracking systems.
- Establish and maintain strong internal controls and audit-ready documentation for LOC activities.
- Ensure compliance with internal treasury policies and regulatory requirements.
- Partner with Risk, Compliance, and Audit teams to address governance requirements and operational reviews.
- Identify potential operational or counterparty risks within the LOC portfolio and implement mitigation measures.
- Oversee preparation and review of Monthly statutory LOC inventory, Non-statutory LOC, Audit and regulatory reporting requests.
- Coordinate resolution of transaction discrepancies, documentation issues.
- Lead and mentor a team of treasury analysts responsible for LOC administration.
- Define roles, responsibilities, and operational workflows across the team.
- Ensure effective workload allocation, cross-training, and continuity of operations.
What we are looking for:- A Bachelor's Degree or higher in Finance, Accounting, or other quantitative or business-related discipline
- Ability to multitask and work well under pressure, maintain strong attention to detail and prioritize work within tight deadlines-Can be added
- Strong finance operations, corporate finance, financial modeling, and business valuation skills recommended- Strong finance operations required
- Advanced knowledge of MS Office, particularly Word, Excel and PowerPoint.
- Self-starter and team-player.
- Excellent problem solving and analytical skills and a high level of intellectual curiosity.- Can be added
- Demonstrate professionalism in handling confidential and sensitive information.-Can be added
- 4+ years Finance experience and 1-2+ years managerial experience is required.
For positions based in New York, the base salary range is $83,000-103,000. We are proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits.
At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.
Enjoy benefits that take care of what mattersAt AIG, our people are our greatest asset. We know how important it is to protect and invest in what's most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security-as well as your professional development-to bring peace of mind to you and your family.
Functional Area:
FA - Finance
AIG Employee Services, Inc.
