Insurance Regulatory Expert

3 days ago


Hong Kong, Central and Western District, Hong Kong SAR China Gravitas Recruitment Group (Global) Ltd Full time

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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