Position: Assistant Manager
Location: Petaling Jaya
Salary: Pays up to RM 9, 000
About your new employer:
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.
Your new roles & responsibilities:
- 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 with relevant staff on any regulatory matters as well as conduct compliance awareness programmes.
- 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.
2.Monitor developments in regulatory requirements and disseminate such updates to Senior Management, management, and staff, where relevant
Criteria to meet:
- Degree in Business, Accountancy, Finance, Law or similar
- At least 4-5 years of relevant experience, preferably in regulatory compliance
- Knowledge of Financial Services Act 2013.
- Experience in regulatory training and advisory roles is essential.
- Knowledge of insurance regulatory requirements will be an added advantage.
- Good written and verbal communication skills
- Good interpersonal skills and able to work with different stakeholders (internal and external).
Interested candidates kindly send your updated CV to info@sixdegreeconsulting.com.
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