Compliance Manager

Zurich 56 Company Ltd; Kuala Lumpur; On-site; MYR 100,000 - 130,000; Full time

Job summary

A global insurance firm in Kuala Lumpur is seeking a Compliance Manager to develop and maintain a Compliance Assurance strategy. You will collaborate with business lines to manage compliance risks and lead assurance activities. The ideal candidate holds a Bachelor's degree in Accounting with at least 7 years of experience in compliance or risk management. Strong analytical and communication skills are essential. Join a diverse and inclusive environment that values improvement and employee development.

Benefits

Comprehensive training and development opportunities

Diversity and inclusion initiatives

Volunteer and charitable activities

Qualifications

• Minimum of 7 years of experience in compliance, audit, or risk management.
• Professional certifications like CIA are advantageous.
• Solid understanding of Insurance and Takaful laws and regulations.
• Excellent verbal, written and presentation skills.

Responsibilities

• Develop, execute, and maintain a Compliance Assurance strategy.
• Assist in developing assurance obligations under the Zurich Compliance Program.
• Execute assigned assurance activities from the risk-based assurance plan.
• Collaborate with business management to identify and manage compliance risks.

Skills

Analytical skills

Communication skills

Stakeholder management

Risk-based assurance

Self-motivated attitude

Education

Bachelor’s degree in Accounting or relevant degree

Tools

Compliance frameworks

Financial products systems knowledge

Job description

Compliance Manager, Assurance

130579

Role Overview:

Develops, executes and maintains a Compliance Assurance strategy and framework proportionate to assigned organizational unit and along the requirements of the Zurich Compliance Program and the Group Compliance Strategy. Works with all lines of business on complex compliance policies and regulations. Partners with the Team Lead or the Local Compliance Officer (LCO) on maintaining reporting processes on Assurance Subjects to governance bodies and management, as well as supporting the communication with regulatory bodies as appropriate. Participates in projects or leads work streams or sub-projects involving the Assurance team.

Key Responsibilities :

• Assist the Team Lead or Local Compliance Officer (LCO) in developing, implementing, and maintaining the organizational unit’s assurance obligations under the Zurich Compliance Program. Collaborate with business management to identify and manage compliance risks. This involves planning assurance activities, monitoring action items until closure, following group guidelines in carrying out assurance functions, reporting promptly and accurately, and maintaining 100% data quality with minimal errors.
• Execute assigned assurance activities from the risk-based assurance plan, including leading complex reviews. Work with the Team Lead and LCO to prioritize activities and develop the plan. Make recommendations to further increase the effectiveness and simplification of the assurance processes.
• Assess complex business processes and controls using the compliance assurance approach. Develop action plans to address findings and coordinate with assurance providers as needed.
• Collaborates in the Compliance Risk Assessment process providing recommendation from an assurance perspective. Report or prepare adequate reporting regarding progress against allocated assurance activities, significant results, as well as escalation of overdue issues to Team Lead and LCO for governance committees and business management.
• Collaborate with other assurance providers (e.g., Group Audit, Risk Management) to ensure integrated assurance, minimize overlaps, and improve efficiency across the three lines of defense.
• Organize and deliver functional projects within the defined scope and time frame. Responsible for completing and delivering on required level of quality work streams or sub-projects which vary in scope. May lead and will participate in special projects, initiatives as designated.
• Perform any other duties or responsibilities as assigned by the supervisor to support departmental objectives and regulatory compliance.

Job Requirements:

• A Bachelor’s degree in Accounting, or other relevant degree, with a minimum of 7 years of experience in compliance, audit, or risk management.
• Professional certifications such as Certified Internal Auditor (CIA) from IIA, or equivalent, will be considered an advantage.
• A solid understanding of Insurance and Takaful laws and regulations, best practices in compliance, and knowledge of financial products and systems.
• Strong understanding of compliance frameworks, risk-based assurance, and governance processes.
• Excellent analytical, communication, and stakeholder management skills.
• Proactive, a self-motivated attitude, demonstrating initiative and continuously seeking areas for improvement.
• Strong verbal, written and presentation skills.

At Zurich we are proud of our culture. We are passionate about Diversity and Inclusion. We want you to bring your whole self to work we have a diverse mix of customers, and we want our employee base to reflect that. Our diversity and inclusion initiatives are creating an environment where everyone feels welcome regardless of protected characteristics.

With the above in mind, we accept applications from everyone regardless of your background, beliefs, or culture. We are committed to continuous improvement, and we offer access to a comprehensive range of training and development opportunities. Zurich is passionate about supporting employees to help others by getting involved in volunteering, charitable and community activity.

So, make a difference. Be challenged. Be inspired. Be supported, Love what you do. Work for us.

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

Let’s continue to grow together!

Location(s): MY - Kuala Lumpur

Schedule: Full Time

Recruiter name: Jesreena Kaur