Job Description

To be knowledgeable in all legal statutes, Acts, and guidelines applicable in the industry and advises on regulatory matters as and when required. Lead and conduct compliance reviews of all relevant departments and business areas of the Company. Develop annual compliance review and development plan and ensure completion of reviews within a set timeframe. Manage a good governance environment with the implementation of appropriate compliance policy and regular review and monitoring of regulatory requirements. Undertake the development of an updated compliance policy manual on a periodic basis. Assist the Head of Compliance in developing and maintaining an effective compliance risk management framework within the Company and provide reasonable assurance on the integrity and validity of compliance risk measurement and reporting and alignment with business strategy. Support the development and improvement of tools, methodologies, and systems which comprised of self-attestation, gap analysis, workshop, and validation of internal control. Ensure that investigation findings are reported to management with recommended remedial/ executive actions . Monitor and coordinate review of all company frameworks, policies, and procedures manual on a periodic basis and ensure key compliance controls and audit recommendations are embedded in business processes. Manage internal business process on compliance development including communication of new regulatory requirements to all relevant departments when necessary. Ensure full governance of the product approval process prior to submission to Bank Negara Malaysia. Prepare and facilitate visitations by any regulatory bodies, including coordination of documents and information required by the regulatory bodies. Participate in projects requiring compliance review and signoff Develop, maintain, and conduct an ongoing compliance training and education program on Compliance policies and procedures and regulatory requirements. Undertake ad-hoc requests on matters pertaining to the Compliance team. Reporting - Preparation of compliance reports within the deadline set. Oversee the Compliance team in the absence of the Head of Compliance. Education/Experience . Degree/Postgraduate or Diploma/Professional qualification in Finance/Accounting/Insurance or equivalent . Minimum 10 years working experience . Compliance/Audit/Risk Management Department in the Insurance industry Extra Bonus Points Proficient in English and Bahasa Malaysia, both written and spoken A high degree of initiative and strong ability to meet principal accountabilities, prioritize and organize work with limited supervision while meeting deadlines. Analytical, results-driven and positive working attitude Resourceful, meticulous, multi-tasks, and a dynamic team player. External stakeholder management i.e. BNM, PIAM, external auditors, and law enforcement agencies. Experience in compliance assurance, risk management, business process review, and improvement. Familiar with regulation/guidelines of BNM, PIAM, Companies Act, and Compliance Framework within the Insurance Industry. A thorough and broad understanding of the insurance industry, especially in general insurance. Good communication skills and good teamwork. Able to work with tight deadlines

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