Regulatory Compliance, Consultant - Kuala Lumpur, Malaysia - AIA

    AIA
    AIA Kuala Lumpur, Malaysia

    1 week ago

    AIA background
    Full time
    Description

    FIND YOUR 'BETTER' AT AIA

    If you believe in better, we'd love to hear from you.

    About the Role

    The role will support the Senior Manager, Regulatory Compliance to ensure that AIA Malaysia operates in accordance with the AIA Group policies and guidelines and local regulatory requirements, driving and coordinating implementation of compliance frameworks in Regulatory Compliance, Data Privacy, Compliance Reporting, Compliance Assurance, and other regulatory and corporate requirements.

    Regulatory Compliance

  • Representing AIA Bhd. in regulatory matters, projects, and initiatives by fulfilling the respective requirements and obligations. Ensure AIA Bhd. follows all applicable regulatory requirements.
  • Implement applicable compliance policies/protocols, risk assessment process and relevant back-end procedures to align with applicable policies/standards and regulatory requirements (including Code of Conduct, FATCA, CRS, Anti-Bribery and Corruption, etc.) for AIA Bhd.
  • Ensure quality, accuracy and appropriateness of any regulatory compliance submissions to local regulatory authorities.
  • Co-ordinate to ensure e-learning programmes and code of conduct annual certification are accurately completed by all employees.
  • Consult with Group Compliance and relevant business units in resolving issues related to regulatory compliance implementation.
  • Conduct gap analysis to ensure compliance with relevant guidelines including those issued by BNM, LIAM, AIA Group and other authorities.
  • Proactively engage with business and provide advice and guidance to mitigate key compliance risks.
  • Strengthen compliance engagement with business units to educate and increase awareness of regulatory developments, ethics and compliance risks.

    • Compliance Reporting

  • Prepare and submit reports to Group Compliance and other related internal reports such as to EXCO, RMC and Board of Directors.
  • Liaise with first line risk owners in ensuring timely submission of regulatory reporting obligations (including update of reporting register due to changes).

    • Compliance Assurance

    Conduct compliance reviews on business units and third parties; and undertakes monitoring and follow-up with relevant collaborators on agreed actions and any issues until they are satisfactorily resolved and implemented.

    Job Requirements:

  • Tertiary qualification in Accounting, Finance, Business or Law.
  • Minimum 5 years in compliance, internal audit, internal control in financial services or insurance industry with minimum 3 years of supervisory experience in the related field.
  • Good understanding in local legal and regulatory requirements.
  • Good Interpersonal, analytical, and presentation skills.
  • Pro-active, demonstrates initiative & looks for area of improvement.
  • Good written and spoken communication skills in English and local language.