Manager – Regulatory, Legal & Compliance

Manager – Regulatory, Legal & Compliance

Regulatory Compliance:
• Developing, reviewing and streamlining compliance strategies and monitoring mechanisms to ensure PIAM’s compliance with applicable laws, regulations and industry standards.
• Monitor changes in applicable regulations and assist in updating the Association’s policies and procedures accordingly.
• Identify and assess potential legal and regulatory risks to the organisation and assist to develop / implement strategies to mitigate these risks.
• Evaluate any new regulatory policies, rules, guidelines etc. that are applicable to the industry, identify key impact and provide relevant advice on actions required.

Risks Management:
• Identifying and assessing potential risks and vulnerabilities across the organisation.
• Developing risk management strategies and implementing risk mitigation measures.

Legal Oversight:
• Provide in-house legal support to the Association (legal advisory, drafting/reviewing and negotiating various agreements and other legal documents).
• Manage external lawyers in respect of all legal matters of the Association and other outsourced jobs.

Internal Audits and Investigations:
• Conduct internal audits to ensure compliance with applicable legal and regulatory requirements.
• Carry out investigations into any compliance breaches or legal issues.

Policy Development:
• Assist in developing and enforcing relevant policies and procedures to ensure compliance with applicable legal and regulatory requirements.
• Regularly review and update compliance policies to reflect changes in laws and regulations.

Other General Responsibilities:
• Support the Secretary of the Regulatory and Industry Development Committee and manage the Committee’s activities effectively.
• Conduct training sessions for employees on compliance and legal issues and ensure that all staff are aware of and understand the Association's compliance policies and procedures.
• Support the planning of the department’s resources for the annual budget.

Requirements:
• Bachelor’s degree in law or any other equivalent qualification.
• Minimum 8 years of relevant work experience with a combination of experience in the general insurance industry is preferred.
• Meticulous, proactive, team player, independent and able to multitask.
• Strategic, analytical, resourceful and creative.
• Able to motivate, develop, coach and guide subordinates with a growth mindset. Problem-solving skills with the ability to identify and mitigate complex risks.
• Decisive, timely and in line with organization’s goals.
• Strong in written, verbal and visual abilities.
• Effective engagement with all parties.
• Proficient in regulations applicable to the general insurance industry, organization compliance & risk management and legal drafting. Computer Literate/proficient in MS Office, PowerPoint and Excel.
• Strong command of English and Bahasa Melayu (written and verbal).