Manager, Group Insurance Compliance

HKT; Hong Kong; On-site; HKD 600,000 - 1,000,000; Full time

Job summary

HKT Financial Services, part of PCCW Group, is seeking a Regulatory Compliance professional to support its insurance agency businesses in Hong Kong. You will provide advisory on regulatory controls and design governance structures to ensure strict compliance with IA, MPFA and internal policies.

You will coordinate with 1st line Compliance and Group Legal, monitor regulatory changes, organize training, and assist in reviewing deals and initiatives to mitigate risk.

Qualifications

• University degree in a relevant field.
• Minimum 5 years in regulatory compliance, preferably in insurance.
• Strong knowledge of IA and MPFA regulations.

Responsibilities

• Provide regulatory compliance advice to insurance agency businesses.
• Design and implement governance structures for Risk & Compliance.
• Coordinate with 1st line Compliance and Group Legal on regulatory adherence.
• Monitor regulatory changes and train teams on policy requirements.

Skills

Regulatory compliance

Insurance industry knowledge

Stakeholder management

Communication (ENG/CHN)

Education

University degree

Job description

This role under Group Risk & Regulatory primarily provides regulatory compliance advisory to the insurance agency businesses of HKT Financial Services and ensures the relevant teams to operate in a strict adherence to the applicable legal/ regulatory requirements and internal policy standards.

Your new role

Provide regulatory compliance advice and insight to support effective controls on the daily operation of insurance agency businesses of HKT Financial Services

Design and implement the Risk and Compliance governance structure for the insurance businesses

Coordinate with the 1st line Compliance and the Group Legal to enable the insurance businesses are operating in a strict compliance with relevant laws, regulations and internal policy guidelines

Monitor the current insurance regulatory landscape and devise action plan corresponding to changes of regulatory requirements

Organize training/ briefing with insurance businesses to promote their awareness of the Group policy requirements

Liaise with the 1st line Compliance on preparation of compliance reporting to management/ relevant authorities/ insurance principals

Support the review and evaluation of commercial deals and new initiatives of the insurance businesses

To succeed in this role

University degree with minimum 5 years’ experience in regulatory compliance, preferably gained from insurance industry

Sound knowledge of relevant laws, regulations and guidelines e.g. IA, MPFA, etc.

Knowledge of life insurance and general insurance products is essential

Prior experience in consultancy firm, risk management, liaison with regulator would be a definite advantage

Proficient communication, interpersonal and stakeholder management skills

Self-motivated, independent team player with strong problem-solving skills

Excellent command of written and spoken English and Chinese

Candidate with less experience might be considered for an Assistant Manager role.

Your application will include the following questions:

• Which of the following statements best describes your right to work in Hong Kong?

Telecommunications & Internet Service Providers More than 10,000 employees

PCCW Group is a global company headquartered in Hong Kong which holds interests in telecommunications, media, IT solutions, property development and investment, and other businesses.

The Company holds a majority stake in the HKT Trust and HKT Limited, Hong Kong’s premier telecommunications service provider and leading operator of fixed-line, broadband, mobile communication and media entertainment services. HKT delivers end-to-end integrated business transformation solutions and has built a digital ecosystem integrating its loyalty programme, e-commerce, travel, insurance, big data analytics, fintech and healthtech services to deepen its relationship with customers.

PCCW Group is a global company headquartered in Hong Kong which holds interests in telecommunications, media, IT solutions, property development and investment, and other businesses.

The Company holds a majority stake in the HKT Trust and HKT Limited, Hong Kong’s premier telecommunications service provider and leading operator of fixed-line, broadband, mobile communication and media entertainment services. HKT delivers end-to-end integrated business transformation solutions and has built a digital ecosystem integrating its loyalty programme, e-commerce, travel, insurance, big data analytics, fintech and healthtech services to deepen its relationship with customers.