Assistant Manager, Regulatory Compliance (GEGM)

Job Description - Assistant Manager, Regulatory Compliance (GEGM) (2500002O)

Job Number:

2500002O

Job Purpose

- Assist to ensure effective management of the local Compliance function which acts as a 2nd line of defence in the company.
- To provide advice & support to Management as well as to monitor and ensure that business operates within the internal and external rules.

The Job

1. Assist in the preparation of regulatory-related reporting for Compliance function.
2. Provide regulatory advice to all business units for standard and non-complicated BAU matters.
3. Be the main liaison party in relation to Regulatory Compliance matters, including the publication of new regulations to all DCOs and related parties.
4. Handling and maintenance of the regulatory notices / guidelines / circulars / legislations.
5. Assist in compliance review, validation and to facilitate request for attestation.
6. Assist in Financial Holding Company Act attestation and Great Eastern Holding Self-Attestation Certificate process rolled out by the Group.
7. Assist in adhoc requests from BNM, Group, Management and the Board.
8. Training / awareness to Regulatory Compliance Officers, DCOs and staff.
9. Handling and escalation of compliance breaches and issues.
10. Work with DCOs and relevant stakeholders for proper handling of compliance issues and action plans closure.
11. Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
12. Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
13. Highlights any potential concerns / risks and proactively shares best risk management practices.

Our Requirements

1. Tertiary or professional qualification in Accountancy, Finance, Business or equivalent professional qualifications.
2. At least 3 - 5 years in compliance, risk management, audit, insurance or banking industry.
3. Knowledge on insurance related law and insurance industry regulations and other core regulations.
4. Good written & communication skills, analytical & detail-oriented, excellent interpersonal skills & able to interact with all staff including senior management.
5. Probing nature and patience.
6. High level of integrity, takes accountability of work and good attitude over teamwork.
7. Takes initiative to improve current state of things and adaptable to embrace new changes.