Compliance, Principal

This position works closely with the Senior Management Team (SMT) by monitoring and reporting results of compliance / ethics efforts of the Company and providing guidance to the SMT on matters relating to compliance. In addition, the Compliance Officer is authorized to implement all necessary actions to ensure achievement of the objectives of an effective compliance program for the Company and implementation of the strategic directions / initiatives of Group Compliance.

Responsible for managing the Compliance Department which works as a second line of defense in partnership with the business (as first line of defense) to ensure that all regulatory and market conduct risk is efficiently and effectively assessed, mitigated and controlled and that a culture of ethics and compliance is developed and maintained in respect of the organization’s business in support of Company’s profitability and sustainable growth objectives.

Implementation of compliance program

• Responsible for the overall design, implementation and ongoing enhancement of the Company’s Compliance Program that is focused on regulatory, investments, product and sales (market conduct) compliance, whilst ensuring its alignment with business objectives, Group Operating Principles and Group Compliance’s strategic direction.
• Oversee the implementation of an effective compliance risk assessment program for the Company and engage with key business stakeholders which includes but not limited to :
• a) being a member of or otherwise working closely with the SMT to ensure key regulatory and ethical risks (including emerging risks) are identified and managed and Compliance resources are appropriately directed and;
• b) working with relevant functions (e.g. ERM, Internal Audit, Finance and Legal) to build up and / or implement a risk control framework and provide quality and solutions-focused advice on risk and control issues relevant to the business units for informed decision-making on compliance and ethics matters.
• Represent Compliance in Group Compliance initiatives through active participation and liaison work.
• Responsible for the development of relevant compliance policies and procedures necessary to support the objectives and values of the Company and for the implementation of corporate (Group) policies / standards and procedures to manage corporate-level regulatory risks.

Implementation of culture of compliance and ethics programs

Reporting and monitoring (as second line of defense)

Staff Development (where applicable)

Others

Financial and Non-Financial Measures :

Job Requirements :

Seniority level

Mid‑Senior level

Employment type

Full‑time

Job function

Other

Industry

Insurance

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