Jesse Aedo

• Managed all Compliance Policies, Training, Systems/Vendors, Monitoring, Advisory, and Reporting/Communications internally and externally
• Restructured Aspen's Compliance Department, setting and achieving group compliance plans, delineating advisory from assurance activities; leading to optimal responses to business queries/escalations and automated/scalable monitoring for continuous risk assessment.
• Secured relationships with regulators in the US, UK, and Canada,
• Developed and delivered Compliance's first global compliance plan and compliance vision
• Championed and influenced compliance change initiatives related to financial crimes and data protection resulting in lower risk levels, automation, and reduced costs.
• Developed KRI's to monitor compliance risk levels of business activities and KPI's to measure performance of compliance services.

As US CRO, managed quarterly CRO Reporting to the US Board, revamping the US Risk Appetite Statement, performed the ORSA and drafted the related ORSA Report. As Group Head of Financial Crimes, oversaw all Compliance activities related to some of Aspens top Compliance Risks: Sanctions, Anti-Money Laundering, and Anti-Bribery & Corruption. Under Financial Crimes:

• Restructured Aspens Sanctions Project resulting in reduction of over $1 million of in resource costs and updated Sanctions and AML screening tool.
• Provided tailored training on Financial Crime risks, with focus on Sanctions, to Executive Committee, Claims Community, and different Regional Underwriting teams.
• Enhanced all elements of Financial Crimes Compliance Framework (Policy, Controls, Training, etc..), including semi-automated sanctions/AML escalation process (previously manual), which has proven effective amid unprecedented velocity of sanctions imposed related to the Russia/Ukraine conflict
• Building strong relationships with senior management in UK, US, Bermuda, Singapore, as well as with regulators, Enstar Compliance, and our external lawyers.

The Compliance function provides a service to the organization. We help the first line (Underwriting, Claims, etc...) navigate through the regulatory complexities that apply to a global organization and help the business make informed risk decisions while keeping Aspen safe.

Managed multiple concurrent Audit activities performed by a auditors across the US and UK. Revamp the risk assessment process with senior auditors and represent Internal Audit in combined assurance initiatives.

• Developed plan for all three assurance functions to combine and integrate assurance efforts across firm (Internal Audit, Risk, and Compliance)
• Drafted US Boards/Audit Committee papers and presented for Internal Audits and attend such meetings representing Audit
• Enhanced relationships with Aspen US management by sharing how Internal Audit services can add value to their function.

Managed Compliance function and Internal Audit function, internal audit team activities and oversaw all 2nd line assurance activities across admitted and surplus lines business units (risk reviews, peer reviews, monitoring, and audits). Chair and manage Risk Steering Committee focused on firms' top enterprise risks along with risk reporting to Audit Committee. Key tasks/accomplishments included:

• Nominated by CEO and other senior leaders of Risk Steering Committee to Chair Risk Steering Committee and develop risk appetite / tolerances for all key risks, stress test top enterprise risks, and build risk metrics and reporting
• Performed PURE's 1st and 2nd Own Risk & Solvency Assessment (ORSA) and drafted the ORSA Report for Audit Committee/Board approval (2017-2019) and state submission
• Developed audit staff, rotated staff into auditing, and expanded audit services to include monitoring activity (continuous testing), risk and control consulting, and investigations
• Aligned assurance functions (2nd and 3rd lines) under Integrated Assurance Network (IAN) establishing common audit nomenclature and setting standards for: identifying issues, root cause analysis, workpaper documentation, audit reporting, and joint audits collaboration
• Built in-house issue and action database to track and report status of audit, risk, and compliance issues (2nd and 3rd line)
• Facilitated design of (and tested) cross-functional internal control framework over key Compliance risks and financial reporting risks (Model Audit Rule and Japan-SOX).

In addition to keeping Compliance Officer responsibilities, built PURE's internal audit department from the ground up, managed all internal audit activities, and oversaw all assurance activity. Prepared and presented ERM topics and updates to Risk Steering Committee, Board/Audit Committee, and Subscribers Advisory Committee. Key tasks included:

• Performing key audit activities identifying control gaps and working with management to implement automated or more robust controls to help make the company safer and more resilient.

As PURE's first and only Compliance Officer , developed central automated monitoring mechanism to identify and track all regulatory Compliance reporting requirements for all US states related to P&C and Workers Compensation business for both admitted and surplus lines - over 450 reporting requirements across Finance, Actuarial, Underwriting, Claims, Legal & Compliance, and Data-Warehouse team.

Provided tailored trainings to regional or functional teams on relevant Compliance Risks (sanctions, data privacy, money-laundering, fraud, bribery & corruption, etc...). Addressed business inquiries regarding US/Canada/Latin America transactions to ensure compliance with internal guidelines/procedures and applicable laws.

• Managed Compliance training program for Americas region
• Reviewed and approved/declined Americas permanent insider personal account trading requests
• Developed risk heat maps for region and material for Board/Audit Committee
• ​​Graduated Swiss Re's Leadership Development Program (2015) focused on leadership, business innovation, and interpersonal management skills.

Created Swiss Re's inaugural Compliance Assurance Function and framework defining services (audits, consulting risk reviews, and continuous monitoring activities) and reporting techniques. Developed Compliance policies (AML, ABC, Sanctions, Data Protection, Licensing, Fair Competition, Conflicts, and record-keeping) for different business units, provided tailored training, and developed control standards for all top Compliance risks. Managed Compliance issues and action plans in coordination with Operational Risk Management and Internal Audit.

• Coordinated annual compliance risk assessment process globally
• Enhanced sanctions and licensing monitoring efforts using data analytics (continuous auditing)
• Performed investigations resulting in improved controls
• Provided tailored training to various business units (sanctions, AML, ABC, Licensing, Data Protection).

Developed and presented Audit Committee and Board content. Provided compliance risk training and advice to first line of defense.

• Led assurance and project efforts during Swiss Re's largest global project - building an end-to-end economic sanctions framework. Evaluated sanctions risk levels, defining risk criteria and different weighting by business area and region
• Investigated AML cases with other external financial institutions
• Built central re/insurance license repository by legal entity, jurisdiction, and line of business for all Americas entities (US, Canada, and Latin America)

Performed audit engagements in line with Institute of Internal Auditors standards and internal audit methodologies. Provided hands-on client support in remediation efforts.

• Led 15+ audits managing up to 10 auditors for 2-4 month intervals using TeamMate for audit workpapers and audit analytics software (ACL) throughout
• Provided operational readiness assessment for ramp up of low-cost service center (Bratislava) which led to over 700 transitioned positions (from 70) resulting in savings of over $1m/yr
• Managed Financial Reporting (SOX) annual testing for Enterprise-Wide (EW) audit team
• Developed relationship management framework for EW team adopted by other audit teams
• Provided regular training to Americas audit staff regarding audit manual, Teammate, and projects.

Performed audit engagements in line with Institute of Internal Auditors (IIA) standards and internal audit methodologies. Provided client support in remediation efforts.

• Supported audit engagements in areas of client markets, underwriting, and claims.

Performed testing of financial controls as required by Sarbanes-Oxley 404 and 302. Part of team that tested over 200 controls for firm with over $15 billion in assets.

Worked with all areas of the company to build the SOX Framework (risks, controls, narratives, workflows). Performed all testing and coordinated testing with external auditor. YOY reduced external auditors billable hours by 35%.