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Assistant Manager, Regulatory Compliance & Business Support

Keywords / Skills : Assistant Manager, Regulatory Compliance & Business Support

2 - 3 years
Posted: 2019-02-08

Industry
Insurance
Function
IT
Role
Team Leader/ Technical Leader
Posted On
8th Feb 2019
Job Ref code
522957900
Job Description
Job Description :

Key Responsibilities

Timely and Accurate Reporting to Local and Group Management (15%)
  • Prepare various management reporting such as monthly Compliance Dashboard and Quarterly Board Dashboard by collating and reviewing the updates from the various sections.
  • Prepare monthly reports to Group Compliance as per AIA Group Compliance Reporting Protocol


Compliance Awareness Programs (20%)
  • Develop and roll out all compliance outreach programs like Compliance Awareness Week, Compliance Workshop for staff and FSCs.
  • Conduct monthly training to all new staff on Code of Conduct and key compliance risks to educate them on the relevant regulatory, industry and company guidelines and policies.
  • Deliver weekly training to all new FSCs on market conduct and key compliance risks in order to educate them on the relevant regulatory, industry and company guidelines and policies.
  • Develop, improve and update the training slides and programs on an annual basis.


Provide ongoing compliance advisory and support to key business units (BUs) on various business initiatives in order to ensure that the BUs are compliant. (15%)
  • Engage key BUs proactively, understand their business model/operations and create/raise awareness and understanding of regulatory/ industry requirements and companys policies.
  • Customize training tailored to BUs' needs/areas of concern.
  • Provide advice on regulatory and industry requirements and recommend solutions to support BUs business requirements and initiatives.
  • Foster effective working relationship with BUs, through proactive engagement and support program to enable the growth of business in the right way.


Projects & Tasks (15%)
  • Develop and deliver the required presentation materials promptly to ensure that presentations/trainings are delivered on schedule to the relevant stakeholders.
  • Perform other responsibilities and duties periodically assigned by supervisor in order to meet operational and/or other requirements.


Data Privacy (35%)
  • Assist the DPO to provide oversight, guidance and ongoing advisory to ensure compliance with the Personal Data Protection Act (PDPA) requirements and obligations.
  • Provide PDPA training to key stakeholders and FSCs as required.
  • Monitor compliance with PDPA requirements and conduct review of processes/controls and testing where required.
  • Maintain oversight on DNC/PDPA breaches and remediation.
  • Foster healthy and effective relationship with PDPC.

Key Requirements
  • Min. Bachelors Degree, preferably in business management, Insurance, Economics or Accountancy.
  • At least 2 to 3 years of working experience in financial industry, preferably in the insurance industry doing compliancerelated work.
  • Insurance qualifications e.g. CMFAS M5, M8, M9, M9A, Health Insurance or Compliance-related certifications preferred e.g. Diploma in Compliance, Associate of ACI would be highly preferred
  • Sound knowledge of the insurance industry, particularly in the area of regulatory/industry requirements e.g. Financial Advisers Act, MAS Notices, LIA Guidelines.
  • Good communication and presentation skills
  • Detail oriented and analytical.
  • Proficient in Microsoft Word and Powerpoint
  • Excellent team player


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