Assistant Manager, Advisory Compliance

Zurich Insurance; Kuala Lumpur; On-site; MYR 70,000 - 90,000; Full time

Job summary

A leading insurance firm in Kuala Lumpur seeks a Compliance Officer to promote an ethics-based culture and ensure compliance with laws and regulations. This role involves assessing new laws, performing compliance reviews, and supporting financial crime compliance controls. Candidates should hold a Bachelor's degree and have at least 5 years of relevant experience. Strong interpersonal skills and initiative are key attributes.

Qualifications

• Minimum of 5 years of relevant experience.
• Knowledge of financial products and systems.
• Possession of relevant compliance certifications is an advantage.

Responsibilities

• Ensure compliance strategy aligns with business and regulatory requirements.
• Assess new laws and regulations for applicability.
• Perform compliance review for BAU activities.
• Support financial crime compliance controls including AML/CFT.
• Prepare compliance reports for management.
• Promote ethics-based culture through training.
• Support continuous improvement initiatives.

Skills

Understanding of Insurance and Takaful laws

Strong interpersonal skills

Self-motivated attitude

Initiative

Education

Bachelor's degree

Job description

Role Overview

Promotes an ethics-based culture, delivering practical solutions, guidance and training, identifies and manages less moderately complex Compliance Risks implementing policies, processes and controls related to the Compliance Risk Universe, including Shariah Compliance. Interacts with supervisory bodies whenever required.

Key Accountabilities

• Ensure the compliance strategy is aligned with the business strategy, regulatory requirements, and emerging industry trends.
• Assess new laws, regulations and trends, their applicability, and implementation to Zurich’s operations in the jurisdiction, in alignment with Legal, to ensure all Compliance Risks are appropriately identified, evaluated and managed.
• Perform compliance review and assessment for BAU activities including (but not limited to) product development, assurance activities, projects and initiatives, regulatory requests, management of non-compliance incident, and regulatory change assessment.
• Support the implementation of financial crime compliance controls, including AML/CFT risk assessments, transaction monitoring, policy execution and advisory support to business units to maintain regulatory compliance and mitigate financial crime risks.
• Prepare Management Information and compliance reports for the local management committee, the Shariah Committee, Audit Committee, Board and Regional/Group Compliance.
• Promote an ethics-based and compliance-driven culture through training, communications, and awareness activities, and provide relevant metrics to management.
• Support the Compliance team in planning, executing and monitoring continuous improvement initiatives and ad-hoc projects until implementation.
• Perform any other duties or responsibilities as assigned by the supervisor to support departmental objectives and on-going regulatory compliance.

Requirements

• A solid understanding of Insurance and/or Takaful laws and regulations, best practices in compliance, and knowledge of financial products and systems.
• Bachelor’s degree holder with a minimum of 5 years of relevant experience.
• Possession of relevant compliance certifications will be an added advantage.
• Strong interpersonal and communication skills, with a self-motivated attitude.
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