Regulatory Compliance Specialist

Kuala Lumpur, Malaysia

Job Description


Job Brief:Responsible on all regulatory compliance matters within Tune Protect Malaysia, Tune Protect Group and its other subsidiaries, collectively Tune Protect Group of companies, as delegated by the superiors.Job Responsibilities:

  • To be knowledgeable all legal statutes, acts, guidelines applicable in the industry and advises on regulatory matters as and when required.
  • Assist in managing good governance environment with the implementation of an appropriate compliance policy and the regular review and monitoring of regulatory requirements.
  • Assist in stimulation, monitoring and controlling the observation of relevant and applicable laws, rules and standards including the business conduct and ethical standards that are relevant to the Company.
  • Assist in liaising with regulators (BNM, PIAM, Labuan FSA, etc.) and provides regulatory compliance perspective on new product, new project, etc.
  • Assist to manage internal business process on compliance development including communication of new regulatory requirements to all relevant departments when necessary.
  • Assist in monitoring and review to comply with Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA) and other related statutory regulations.
  • Assist on ad-hoc requests on matters pertaining to the department and coordinating document information required by regulators.
  • Prepare and facilitate visitations by any regulatory bodies, include coordination of documents and information required by the regulatory bodies.
  • Assist in monitoring compliance action plans initiated by Management are assessed and reported to the Board.
  • Reporting \xe2\x80\x93 Preparation of compliance reports within deadline set.
  • Assist in implementing an appropriate system to facilitate compliance activity and monitoring are developed and maintained.
  • Assist in updating maintain regulatory submission register and maintain an inventory of all laws and regulations.
  • Assist in compliance monitoring and review activities and update on monthly compliance declaration by Business Units if there is any regulatory breaches and/or noncompliance incident reported.
  • Ensure safekeeping of Department\'s documents.
  • Assist in any other compliance related tasks as and when required.
Job Requirements:
  • Degree/Postgraduate or Diploma/Professional qualification in Finance/Accounting/Insurance or equivalent
  • At least 8 years working experience in Compliance/Audit/Risk Management Department in the Insurance industry.
  • Proficient in English and Bahasa Malaysia, both written and spoken
  • 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\xe2\x80\x99s management i.e. BNM, PIAM, external auditors, 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 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.
Diversity & Inclusion CommitmentThe Company is committed to providing equal employment to all individuals regardless of their race, colour, religion, gender, sexual orientation, gender identity, national origin, age, disability, marital status or any other characteristic protected by applicable laws.We try make sure everyone has a fair chance to work with us, no matter where they\xe2\x80\x99re from or who they are. We believe having different kinds of people on our team makes us better and more creative. Our friendly environment is all about treating every person with respect and making sure everyone\xe2\x80\x99s ideas count. We want people from all all walks of life to apply and be part of our mission to create a place where everyone is welcome and valued.

Tune Protect

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Job Detail

  • Job Id
    JD1059927
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Kuala Lumpur, Malaysia
  • Education
    Not mentioned