Regulatory Compliance, Consultant/Principal

At AIA we've started an exciting movement to create a healthier, more sustainable future for everyone.

It's about finding new ways to not only better people's lives, but to better the communities and environments we live in. Encompassing our ambition of helping a billion people live Healthier, Longer, Better Lives by 2030.

And to get there, we need ambitious people who believe in playing an important part in shaping that future. People seeking unmatched career and personal growth opportunities, who are driven to work with, and learn from some of the most inspiring and supportive leaders in the business.

Sound like you? Then read on.

Position Objective:

To support the Associate Director, Compliance to ensure that AIA Bhd. operates in accordance with the AIA Group policies and guidelines and local regulatory requirements in the following areas and towards this end, driving and overseeing implementation of compliance frameworks in these areas:

1. Regulatory Compliance (including Code of Conduct, FATCA, CRS and Anti-Bribery and Corruption)
2. Compliance Reporting
3. Combined Assurance
4. Other regulatory and corporate requirements

Roles and Responsibilities:

Regulatory Compliance

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

Compliance Reporting

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

Combined Assurance

1. Conduct compliance reviews on business units and third parties.
2. Undertake monitoring and follow up with relevant stakeholders on agreed actions and any non-compliance issues until they are satisfactorily resolved/implemented.

Others

1. Perform other responsibilities and duties periodically assigned by line manager in order to meet operational and/or other requirements.

Minimum Job Requirements:

• Bachelor degree in Accounting, Finance, Business or Law with minimum of 5 years' of managerial experience in the related field.
• Knowledge of local AML, legal / regulatory requirements
• At least 5 years in compliance, internal control or related work experience in financial service industry. Preferably in insurance industry.
• Good Interpersonal and communication skills and self-motivated
• Pro-active, demonstrates initiative & looks for area of improvement.
• Good written and spoken communication skills in English and local language
• Strong analytical and presentation skills

Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.

You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.