Insurance Regulatory Expert
3 days ago
About the Role:
We are seeking a highly experienced Compliance Director to join our team at Gravitas Recruitment Group (Global) Ltd. As a key member of our Compliance team, you will play a critical role in ensuring that our client's insurance operations comply with all relevant regulatory requirements.
Responsibilities:
- Oversee compliance with applicable regulations for life and non-life insurance
- Advise and report to the entity's management and CEO/GM on compliance matters and associated risks
- Provide support and guidance to various Business Units on compliance-related issues
- Define and implement an Annual Plan of activities based on assessed compliance indicators and business needs
- Conduct compliance risk identification and assessment, advising on mitigation actions and potential remedial measures
- Perform second-level controls as outlined in the Annual Plan
- Fulfill reporting obligations to Group/Regional Compliance, local management, and the Risk Sub-Risk Committee, including the preparation of an Annual Report
- Ensure the implementation of the Compliance Operating Model in line with the Compliance Management System Policy
- Advise on maintaining the AML/CTF and International Sanctions Control framework
- Undertake responsibilities as the Money Laundering Reporting Officer (MLRO)
- Provide training and support on compliance topics to staff and management in accordance with the Annual Plan
- Ensure effective implementation of Group Compliance policies within the entities
- Build and maintain relationships with the Insurance Authority, ensuring all requests and inquiries are addressed
Requirements:
- Over 10 years of experience in compliance or risk functions within the financial services industry, preferably in the insurance sector
- Strong understanding of the regulatory framework and relevant compliance obligations
- Knowledge of insurance business operations and processes
- Familiarity with compliance risk management methodologies
- Excellent communication skills, with the ability to engage effectively with external regulators and internal executives
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