Senior Operations Governance Specialist
1 day ago
AIA International Limited is committed to creating a healthier, more sustainable future for everyone. We're seeking an experienced Senior Operations Governance Specialist to oversee quality assurance processes within our insurance operations function. This pivotal role ensures compliance with regulatory standards and internal policies, focusing on Anti-Money Laundering (AML) controls, the 1.5 lines of defense model, and governance framework development.
About the Role
This senior specialist will manage AML policies and procedures, conduct regular risk assessments and audits, and provide oversight of investigations and reporting. They will also be responsible for implementing Operational Risk Management Frameworks, identifying and mitigating risks related to quality control and governance processes, and developing compliance monitoring programs. Furthermore, this role requires effective collaboration with stakeholders across departments, influencing leaders at all levels, and ensuring accurate and compliant decision-making.
Main Responsibilities:
- Anti-Money Laundering:
- Develop, implement, and maintain AML policies and procedures in line with regulatory requirements.
- Conduct regular risk assessments and audits to identify vulnerabilities and enhance controls.
- Investigate and report suspicious activities to relevant functions and authorities.
- Collaborate with stakeholders to deliver AML-related training and awareness programs.
- Risk and Compliance:
- Implement Operational Risk Management Frameworks with subject matter experts.
- Identify, assess, and mitigate risks related to quality control and governance processes.
- Develop compliance monitoring programs to ensure adherence to regulatory standards.
- Prepare and present risk and compliance reports to Senior Management and ExCo.
- Line of Defense:
- Implement and maintain the 1.5 lines of defense model.
- Drive collaboration with operational managers to ensure effective first-line controls.
- Partner with the second line of defense for independent oversight and challenge of first-line controls.
- Stakeholder Engagement:
- Collaborate with internal stakeholders to ensure cohesive governance practices.
- Liaise between operational teams and executive management regarding governance issues.
- Technology Oversight:
- Evaluate and implement technology solutions that support operation governance and compliance.
Requirements:
To succeed in this role, you will require:
- Bachelor's degree in Business Administration, Finance, Risk Management, or a related field; Master's degree preferred.
- Minimum 15 years of experience in quality control, risk management, compliance, or related areas, and a deep understanding of the life insurance industry.
- Strong knowledge of AML regulations and best practices, data governance frameworks, risk management principles, and governance best practices.
- Ability to interpret regulatory requirements and translate them into operational practices.
- Excellent analytical, problem-solving, and decision-making skills.
- Strong leadership, communication, and interpersonal skills.
- Strategic thinking capabilities.
- Detail-oriented with a focus on accuracy and compliance.
Career Opportunities:
We offer a dynamic work environment, opportunities for growth and development, and a chance to contribute to our mission of creating a healthier, more sustainable future for everyone.
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