Assistant Manager, Regulatory Compliance (Great Eastern Takaful Berhad)

Assistant Manager, Regulatory Compliance (Great Eastern Takaful Berhad)

To ensure effective management of the Compliance (GETB) function which acts as a 2nd line of defence in the GE Group. Provide advice and technical support to GETB staff and management particularly in relation to Enterprise Governance Risk and Compliance (eGRC) system as well as to monitor and ensure the business operates within the internal and external rules and regulations.

Key Responsibilities

• Update and maintain Compliance Matrix and monitor the effective execution of Compliance Requirements Self-Assessment (CRSA) on various departments within GETB.
• Identify and assess the compliance risks associated with eGRC system requirements, handling migration of guidelines and CRSA.
• Formulate / revise the compliance policies and compliance framework in relation to eGRC system.
• Ensure internal policies, procedures and guidelines reflect regulatory requirements and follow up on any identified deficiencies, making recommendations to GETB management and ensuring corrective measures are implemented.
• Maintain vigilance over developments in the local regulatory environment to keep GETB management up to date and proactively manage potential regulatory risk exposure.
• Monitor compliance with internal policies, procedures and guidelines on a risk‑based basis by performing regular and comprehensive compliance‑related risk assessments and testing, identify gaps and prepare compliance review reports for GETB management.
• Maintain an inventory of all essential laws and regulations pertinent to GETB and centralise all information on compliance‑related issues in the eGRC system.
• Conduct briefing / training as and when necessary and directed in relation to eGRC system.
• Undertake ad‑hoc projects related to the eGRC system as assigned by Head of Department and other relevant parties.
• Provide guidance, development programme and training to Department Compliance Officers (DCOs) on the eGRC system.
• Liaise with auditors, insurance and financial regulatory authorities on system‑related matters.
• Provide relevant advice on system‑related issues to GETB and ensure alignment of regulatory compliance framework.
• Assist in providing guidance, development programme and training to Department Compliance Officers (DCOs). Develop criteria for independent assessment and monitor DCOs performance.
• Provide compliance advisory to GETB management & staff on the applicable laws, regulation, rules and standards and the implementation of these provisions.
• Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
• Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies to understand the risk and better safeguard the company.
• Highlights any potential concerns / risks and proactively shares best risk management practices.

We are looking for people who

Seniority level

Not Applicable

Employment type

Full‑time

Job function

Quality Assurance, Other, and Analyst

Industries : Insurance

Location : Federal Territory of Kuala Lumpur, Malaysia

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