Compliance Manager, Life Insurance

6 days ago


Hong Kong, 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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