Assistant Manager Project Compliance

Hong Leong Assurance Berhad; Petaling Jaya; On-site; MYR 100,000 - 150,000; Full time

Job summary

A leading insurance company in Malaysia is seeking an Assistant Manager for Project Compliance. You will provide support in compliance processes, assist in gap analyses, and ensure adherence to regulatory standards. Ideal candidates will have a Bachelor’s degree in law or a related field and 3+ years of compliance experience, with strong communication and analytical skills. This role offers opportunities for career growth in a dynamic team environment.

Qualifications

• At least 3 years of experience in the compliance field.
• Experience in insurance product development is an added advantage.
• Well-versed in compliance knowledge and governance frameworks.

Responsibilities

• Prepare timely reports and compliance risk analysis.
• Support Business Units on compliance matters and adherence to Group policies.
• Conduct gap analyses and compliance reviews on business processes.
• Deliver compliance training and improve processes.

Skills

Compliance knowledge

Communication skills

Interpersonal skills

Analytical skills

Education

Bachelor’s degree in law or related field

Job description

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Providing support in the Project Compliance function to promote a compliance-first culture within the organization and to improve various compliance processes within the organization.

Notable scope of work in providing assistance and support to the Head of Project Compliance include the following areas:

• Preparing timely and regular reports and analysis of compliance risk for internal committees and management;
• Providing oversight and support to Business Units on general compliance matters/Group initiatives and adoption of Group policies, standards, and guidelines where required;
• Conducting gap analyses and risk-based compliance reviews on business processes to identify gaps, escalate issues/risks promptly and work with Business Unit to implement timely remedial actions;
• Tracking regulatory changes, communication updates and implementation/issue tracking;
• Delivering compliance training and awareness materials;
• Staying updated on compliance-related trends and developments to support the team’s advisory/governance function;
• Contributing to process improvements and team initiatives as needed;
• Identifying learning and growth opportunities for self, and thus ensuring career growth;
• Reviewing product documents and marketing materials to ensure regulatory and customer-protection standards are met;
• Assisting in the maintenance of compliance governance documents and project tracking;
• Collaborating with team members and stakeholders to support compliance objectives;
• Carry out tasks assigned by Chief Compliance Officer, Head of Project Compliance or other senior Compliance team members and ensure regulatory requirements are adhered to.

Job Requirements:

• Bachelor’s degree in law or any related field;
• Minimum 3 years of experience in compliance field. Insurance product development experience would be an added advantage;
• Well-versed in compliance knowledge and governance frameworks;
• Strong communication and interpersonal skills for working with cross-functional teams.

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Salary match Number of applicants Skills match

Your application will include the following questions:

• Which of the following types of qualifications do you have?
• Which of the following statements best describes your right to work in Malaysia?
• What’s your expected monthly basic salary?
• How many years' experience do you have as a Risk and Compliance Executive?
• How many years' experience do you have in the insurance industry?

Hong Leong Assurance Berhad (HLA) is one of the largest insurance companies in Malaysia. It is a well-established and respected Malaysian brand offering financial planning and protection solutions to meet the various needs of Malaysians at different cycles of their lives. Commitment to the customer is the key to HLA's success, where service is provided through a large network of branches, agents and brokers throughout the country as well as bancassurance and alternative distribution channels.

HLA began as a General Insurance business under the name of Malaysia Pacific Insurance Berhad in 1972. The Life Insurance business was added into its portfolio a year later. In December 1982, Hong Leong Assurance Sdn Bhd, a composite insurance company was formed eventually acquiring the entire General and Life business of Malaysia Pacific Insurance. Today, HLA is a subsidiary of HLA Holdings Sdn Bhd (HLAH), which is wholly-owned by Hong Leong Financial Group Berhad (HLFG), the financial services arm of Hong Leong Group Malaysia.

Pursuant to a strategic partnership, in October 2010, HLA merged its General Insurance business with MSIG Insurance (Malaysia) Bhd (MSIM). Concurrently, HLAH took a 30 percent equity interest in MSIM and Mitsui Sumitomo Insurance Company Limited (MSI) took a 30 percent equity interest in HLA. Moving forward, the General Insurance business would be provided by MSIM, while the life insurance business would continue to be provided by HLA.

With the strategic partnership, HLA is poised to reach new horizons for its Life Insurance business. HLA is today one of Malaysia's leading domestic brands for financial planning and protection solutions, specializing in Life Insurance products and services.

HONG LEONG FINANCIAL GROUP

Hong Leong Financial Group is a leading provider of financial services through the subsidiaries and associate companies of Hong Leong Financial Group Berhad.

The Group's Financial Services companies provide a broad spectrum of financial services - banking, treasury, insurance, fund management, investment banking, capital markets and stock-broking throughout Malaysia, Singapore, China, Hong Kong and Vietnam. Based in Kuala Lumpur, our products and services are distributed via a diverse range of distribution channels.

Our vision is to be an integrated services group that consistently meet our customers' financial and investment needs. Our goal is to become a leader in the financial services industry, a leader in each of the market that we operate in.

HONG LEONG GROUP MALAYSIA

Hong Leong Group is a leading conglomerate based in Malaysia with diversified businesses in manufacturing and distribution, financial services, property development & investment, and hospitality & leisure. The Group today controls 13 listed companies in various stock exchanges with over 500 operating subsidiaries and associate companies around the world. Now forty years in operation, the Hong Leong Group has successfully entrenched its brands deeply in the communities where it has a presence - in its home base Malaysia to the rest of Asia, in Western Europe and the UK, in North America and in Oceania.

HONG LEONG ASSURANCE BERHAD

Hong Leong Assurance Berhad (HLA) is one of the largest insurance companies in Malaysia. It is a well-established and respected Malaysian brand offering financial planning and protection solutions to meet the various needs of Malaysians at different cycles of their lives. Commitment to the customer is the key to HLA's success, where service is provided through a large network of branches, agents and brokers throughout the country as well as bancassurance and alternative distribution channels.

HLA began as a General Insurance business under the name of Malaysia Pacific Insurance Berhad in 1972. The Life Insurance business was added into its portfolio a year later. In December 1982, Hong Leong Assurance Sdn Bhd, a composite insurance company was formed eventually acquiring the entire General and Life business of Malaysia Pacific Insurance. Today, HLA is a subsidiary of HLA Holdings Sdn Bhd (HLAH), which is wholly-owned by Hong Leong Financial Group Berhad (HLFG), the financial services arm of Hong Leong Group Malaysia.

Pursuant to a strategic partnership, in October 2010, HLA merged its General Insurance business with MSIG Insurance (Malaysia) Bhd (MSIM). Concurrently, HLAH took a 30 percent equity interest in MSIM and Mitsui Sumitomo Insurance Company Limited (MSI) took a 30 percent equity interest in HLA. Moving forward, the General Insurance business would be provided by MSIM, while the life insurance business would continue to be provided by HLA.

With the strategic partnership, HLA is poised to reach new horizons for its Life Insurance business. HLA is today one of Malaysia's leading domestic brands for financial planning and protection solutions, specializing in Life Insurance products and services.

HONG LEONG FINANCIAL GROUP

Hong Leong Financial Group is a leading provider of financial services through the subsidiaries and associate companies of Hong Leong Financial Group Berhad.

The Group's Financial Services companies provide a broad spectrum of financial services - banking, treasury, insurance, fund management, investment banking, capital markets and stock-broking throughout Malaysia, Singapore, China, Hong Kong and Vietnam. Based in Kuala Lumpur, our products and services are distributed via a diverse range of distribution channels.

Our vision is to be an integrated services group that consistently meet our customers' financial and investment needs. Our goal is to become a leader in the financial services industry, a leader in each of the market that we operate in.

HONG LEONG GROUP MALAYSIA

Hong Leong Group is a leading conglomerate based in Malaysia with diversified businesses in manufacturing and distribution, financial services, property development & investment, and hospitality & leisure. The Group today controls 13 listed companies in various stock exchanges with over 500 operating subsidiaries and associate companies around the world. Now forty years in operation, the Hong Leong Group has successfully entrenched its brands deeply in the communities where it has a presence - in its home base Malaysia to the rest of Asia, in Western Europe and the UK, in North America and in Oceania.

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