Assistant Manager, Compliance - Urgent Position

Assist in designing and implementing compliance programmes, policies and procedures to ensure that the Business Functions conduct their business operations ethically and in accordance with applicable local laws, regulations, guidelines and regional compliance standards.

PRINCIPAL DUTIES & RESPONSIBILITIES: 

• Assist to conduct reviews of Regulatory Requirement Self-Assessment (RRSA)
• Assist in reporting to GHO Compliance and to Senior Management, any compliance breaches, or potential breaches of regulations. 
• Disseminate regulatory changes (BNM/LIAM & PIAM) to Business Functions at least on a weekly basis.
• Keep track of reply/notification/correspondence from the relevant Business Functions to BNM, LIAM and PIAM circulars or correspondences.
• Represent compliance as risk coordinator e.g. attend monthly risk coordinator meetings/training, co-ordinate Annual RCSA attestation, Annual Turnbull/GGM attestation.
• Provide regulatory compliance support, guidance and advice to Business Functions regarding regulatory changes and updates.
• Assist in coordinating gaps analysis on regulatory changes with the relevant Business Functions and track action plans to closure.
• Assist in preparing compliance reports to Audit Committee, EXCO, GHO Compliance or any other relevant stakeholders.
• Conduct compliance training to the relevant Business Functions to improve their understanding on governing regulatory requirements. Update compliance training materials, as appropriate.
• Assist to plan and conduct compliance review in accordance with the Annual Compliance Plan. Prepare review reports with recommendations.
• Assist to develop or update Regulatory Compliance procedures and checklists.

JOB SPECIFICATION

• Degree in Accounting, Finance, Law, Business, or other related discipline.
• At least 4 years’ experience in compliance, audit, legal or a regulatory compliance related role; related working experience in insurance or banking would be an advantage.
• Good knowledge of regulatory guidelines governing the insurance industry or banking or other related financial services.
• Good knowledge of insurance or banking or other related financial services operations.
• Experience in compliance risk management.
• Good communication and interpersonal skills with ability to work effectively in a team and manage stakeholders.
• Ability to recommend a pragmatic approach for problem solving.
• Ability to work in a demanding and collaborative environment.