Regulatory Policy & Compliance Lead — Insurance

AIA; Hong Kong; On-site; HKD 500,000 - 900,000; Full time

Job summary

AIA Shared Services in Hong Kong is seeking a Regulatory Affairs professional to ensure compliance with regulatory requirements and shape policy development within the insurance industry. The role monitors regulatory changes and analyzes their impact on the business, collaborating with cross‑functional teams.

Key duties include providing regulatory advice on group supervision, governance and reporting; tracking new regulations; reporting on trends; and supporting IAIS disclosures and regulatory

Qualifications

• Bachelor's degree in Law, Business Administration, Economics, Actuarial or related field.
• Advanced degree preferred.
• Proven experience in regulatory compliance, policy development, or a related role within the insurance industry.
• In-depth knowledge of insurance regulations and understanding of industry trends.
• Familiarity with regulatory bodies, such as insurance commissions, departments of insurance, or regulatory authorities.
• Strong analytical and research skills, with the ability to interpret complex regulations and policies.
• Excellent written and verbal communication skills.
• Attention to detail and a commitment to accuracy.
• Ability to work collaboratively with diverse teams and stakeholders.
• Strong organizational and time management skills, with the ability to manage multiple priorities and meet deadlines.

Responsibilities

• Regulatory advice on group supervision, corporate governance and statutory reporting requirements under GWS.
• Collaborate with cross-functional teams to address regulatory-related queries.
• Provide input on the AIA Strategic Plan on the regulatory development.
• New Regulatory Requirements: Monitor and analyze regulatory developments, guidelines, and directives affecting the insurance industry.
• Stay updated on changes in insurance laws, regulations, and compliance requirements.
• Analyse and report on trends in regulatory developments and focus areas, taking a forwards-looking perspective.
• Research and evaluate existing and emerging regulatory policies and industry best practices.
• Collaborate with internal stakeholders to track and participate in regulatory consultations.
• Representing AIA Co in HK industry consultations.
• Provide guidance and recommendations on new regulatory requirement implementation and enforcement.
• Assist on disclosures to IAIS (e.g. GIMAR - IIM and sector-wide monitoring).
• Prepare reports on regulatory requirements and consultations.
• Business Unit Regulatory Matters: Collaborate with Business Unit and Group Office representatives to collect, analyse, report and discuss key regulatory concerns and engagements.
• Work with BUs and SMEs to identify common and critical regulatory issues and develop / implement best practice to proactively address regulatory concerns.
• Plan the forward agenda and manage the regular Regulatory Council meetings.
• Miscellaneous: Support the Director of Regulatory Affairs with coordination of activities and deliverables for the Group's regulators, including regulatory queries, inspections and supervisory reports.
• Support the Director of Regulatory Affairs with coordination and preparation of meetings between AIA and regulatory personnel.
• Perform other responsibilities and duties periodically assigned by supervisor to meet operational and/or other requirements.

Skills

Regulatory compliance

Policy development

Insurance regulations

Regulatory reporting

Cross-functional collaboration

Analytical skills

Attention to detail

Written and verbal communication

Education

Bachelor's degree in Law, Business Admin, Economics, Actuarial or related field

Advanced degree preferred

Job description

AIA Shared Services in Hong Kong is seeking a Regulatory Affairs professional to ensure compliance with regulatory requirements and shape policy development within the insurance industry. The role monitors regulatory changes and analyzes their impact on the business, collaborating with cross‑functional teams.

Key duties include providing regulatory advice on group supervision, governance and reporting; tracking new regulations; reporting on trends; and supporting IAIS disclosures and regulatory