Assistant Manager, Advisory Compliance

Zurich Life Insurance Malaysia Berhad; Kuala Lumpur; On-site; MYR 80,000 - 120,000; Full time

Benefits offered by this job

Miscellaneous allowance

Monthly Incentive

Free Oversea Convention

Job summary

Zurich Life Insurance Malaysia Berhad is seeking a seasoned Compliance professional to align our strategy with regulatory requirements and business aims. You will assess laws, perform BAU compliance reviews, and support financial crime controls across the organization.

The role requires 5+ years in compliance within insurance or takaful, strong communication skills in English and local language, and relevant certifications.

Qualifications

• Bachelor’s degree holder with a minimum of 5 years of relevant experience.
• Solid understanding of Insurance and/or Takaful laws and regulations.
• Possession of relevant compliance certifications will be an added advantage.
• Excellent written and spoken communication skills in English and the local language.

Responsibilities

• Align the compliance strategy 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 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.

Skills

Compliance knowledge

Regulatory awareness

Communication skills

Analytical skills

Bilingual communication

Education

Bachelor’s degree

Job description

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.
• Proactive, demonstrating initiative and continuously seeking areas for improvement.
• Excellent written and spoken communication skills in English and the local language.
• Strong analytical and presentation skills.

You are the heart & soul of Zurich!

At Zurich, we like to think outside the box and challenge the status quo. We take an optimistic approach by focusing on the positives and constantly asking What can go right? We highly value the experience and know-how of our employees and offer a wide range of opportunities across business areas to encourage you to apply for new opportunities within Zurich when you are ready for your next career step. We’re proud to have earned Great Place To Work® Certification™. Our company culture is our top priority! #GPTWcertified

• Schedule: Full Time

Zurich is one of the world's leading insurance group, and one of the few to operate on a truly global basis. Founded 140 years ago, today we employ over 60,000 dedicated employees and serve customers in over 170 countries around the world; with strong positions in North America and Europe, and growing positions in the Middle East, Latin America, and Asia-Pacific.

Founded in Switzerland in 1872, the Zurich Insurance Group ("Zurich") is one of the world’s leading insurance groups, and one of the few to operate on a truly global basis.

Zurich is one of the world's leading insurance group, and one of the few to operate on a truly global basis. Founded 140 years ago, today we employ over 60,000 dedicated employees and serve customers in over 170 countries around the world; with strong positions in North America and Europe, and growing positions in the Middle East, Latin America, and Asia-Pacific.

Founded in Switzerland in 1872, the Zurich Insurance Group ("Zurich") is one of the world’s leading insurance groups, and one of the few to operate on a truly global basis.

Perks and benefits Miscellaneous allowance Monthly Incentive, Free Oversea Convention