Compliance Manager, Life Insurance

4 weeks ago


Central And Western District, Hong Kong SAR China Projob21 Ltd. Full time
Job Responsibilities

Conduct regular compliance reviews to ensure compliance with regulatory requirements and Company Compliance Policies and recommend enhancements/corrective actions.Monitor the implementation of anti-money laundering guidelines and other compliance policies and procedures, identify gaps, and recommend corrective actions.Assess compliance risks in new business initiatives and provide advice on measures to appropriately address these compliance risks.Coordinate with regulators in any inquiries by maintaining active dialogues with the regulators and promptly providing information as requested.Provide advice to business units on compliance-related issues.Enhance knowledge across the organization relating to legal/regulatory/corporate obligations with communication and education programs.Requirements

University degree with a minimum of 8 years' experience in corporate and regulatory compliance, focusing on insurance compliance.Good knowledge in insurance distribution compliance related to training and communication, investigation, dealings with regulators.Sound knowledge of relevant laws and regulations e.g. IA, PDPO, etc.Excellent communication, interpersonal, and influencing skills.Excellent command of written and spoken English and Chinese.Those with less experience will be considered as Assistant Manager.Additional Job Duties

Report to Partners with specialization in Financial Institution, M&A, and Investment Management transactions.Manage intensive back-to-back meeting schedules across GC, AP, and HQ.Oversee Regulatory Affairs & Central Compliance.As part of the core team, oversee Regulatory Affairs Compliance issues.Assume the subject matter expert on any regulatory changes and facilitate the proper implementation of procedures & policies.Provide active advisory to business and senior management on any regulatory changes and implications to business.Perform annual risk assessments to identify key risk areas that need to be monitored.Accountable for HKMA regulatory risk assessment.As part of the AP Distribution Department, oversee regional KYC/CDD function.Accountable for managing new and periodic CDD/KYC assessments for low to high risk institutional and intermediaries' clients.Conduct PEP, sanctions, adverse news, and STR reviews, etc.

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