Position Level: Manager
Report to: Head, Regulatory Compliance and Market Conduct
Location: Petaling Jaya
Salary: Pays up to RM 10, 500
About our client:
Our client is one of the leading Life Insurance & Investment company in Malaysia. As part of an international financial services group, the client offers a range of life insurance products in Malaysia including endowment plans, investment-linked plans, term life plans, and medical plans.
About your role:
- To act as the team leader for Regulatory Compliance team.
- To act as the business contact person relating to regulatory compliance matters.
- Assist Head, Regulatory Compliance and Market Conduct:
- Provide compliance assistance and advisory support to business units.
- Assist business units to identify compliance risks and perform risk assessment on those risks.
- Conduct compliance review to determine the level of compliance against applicable regulatory requirements.
- Manage the maintenance of the compliance universe database to ensure all relevant regulatory requirements are updated and complete.
- Oversee/perform gap analysis on new/ revised regulatory requirements (e.g., BNM’s policy document) to ascertain impact to the Company’s policies, procedures and business practices and monitor that any necessary mitigation action plan is carried out.
- Oversee/perform control testing to ensure existing compliance controls are effective and adequate.
- Compile and coordinate all statutory submission for regulatory authorities, including compilation of documents for supervisory assessment.
- Coordinate responses to regulators, including LIAM Circulars.
- Conduct training/briefing to relevant staff on any regulatory matters as well as conduct compliance awareness programs.
- Prepare compliance reports or updates, e.g., reporting to Management Compliance Committee, Board.
- Manage, lead, and supervise the staff in a way that will promote efficiency, creative thinking and teamwork while balancing business concerns and regulatory requirements.
- Monitor developments in regulatory requirements and disseminate such updates to Senior Management, management, and staff, where relevant.
- To provide regular reporting and undertake any other assignments as requested by Head, Regulatory Compliance and Market Conduct or Chief Compliance Officer
Criteria to meet:
- Degree in Business, Accountancy, Finance, Law or similar. Any compliance certification will be an added advantage.
- 5 years of relevant experience
- Diligent, resourceful, and curious
- Good written and verbal communication skills
- Good inter-personal skills and able to manage different stakeholders (internal and external)
- Able to work independently.
- Financial Services Act 2013
- Insurance regulatory requirements (this can be learnt on-the-job)
Interested candidates kindly send your updated CV to info@sixdegreeconsulting.com.
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