Deputy Manager, Assurance Review

Prudential Group; Kuala Lumpur; On-site; MYR 60,000 - 100,000; Full time

Job summary

A leading assurance company in Kuala Lumpur is seeking a Compliance Specialist to conduct quality assurance reviews and ensure adherence to regulatory standards. The ideal candidate will be responsible for identifying compliance gaps and recommending improvements, requiring at least 5 years of experience in regulatory compliance or auditing. Familiarity with the Takaful business and Shariah principles is preferred. The role emphasizes collaboration with various business units and regular engagement with compliance teams, all within a diverse and inclusive environment.

Qualifications

• At least 5 years of experience in regulatory compliance, auditing, or investigation.
• Familiarity with Takaful business and Shariah considerations is advantageous.

Responsibilities

• Conduct Compliance Review/Quality Assurance on Business Units.
• Identify compliance gaps and provide recommendations for improvement.
• Engage regularly with the Regional Compliance team.

Skills

Regulatory compliance

Auditing

Shariah compliance

Education

Degree in Accountancy, Actuarial or equivalent

Recognised preliminary qualification in Shariah

Job description

2mo ago , from Prudential Assurance Company Singapore

Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people's career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

Primarily responsible to conduct Compliance Review/Quality Assurance on the conduct and practices of Business Units to ensure adherence to internal / group policies and local regulatory requirements.

The role requires the incumbent to collaborate closely with various Business Units to identify potential areas of non-compliance; develop/implement corrective action plans for resolution of issues, and provide guidance on how to avoid or deal with similar situations in the future.

A significant part of the role will also involve regular engagement with the Regional Compliance team to ensure appropriate reporting and timely escalations of compliance issues.

Roles & Responsibilities

• Plan review assignment effectively with identification of high-risk areas to ensure compliance standards are met against internal and regulatory requirements.
• Manage and complete review assignment in accordance with the specified standards and within the allocated timeline as specified in the Term of Reference (TOR).
• Identify compliance gap and inadequate procedures in place and provide sound and acceptable recommendations to ensure compliance.
• Ensure thoroughness of review fieldwork with proper supporting documents / working papers based on the approved assignment programme.
• To complete and submit draft report with quality and accuracy within allocated timeline as specified in the TOR. Extra time needed must be justified.
• To follow-up and monitor the progress of the corrective actions to resolve the identified lapses and gap by the respective action owner for issues raised.
• To ensure reminders are sent to respective action owner for resolution of action items.
• Ensure the Business carry out the rectification action based on the agreed action plan and timeline.
• Regularly report the status of the findings and action plan to the management.
• To provide assistant/ inputs on the 2nd line review forum lead by Group Corporate Compliance.
• Foster and maintain good relationship through regular engagement with BNM/Group to discuss regulatory/Group compliance matters.

Job Requirements

• A degree in Accountancy, Actuarial or equivalent.
• A recognised preliminary qualification in Shariah such as Certificate in Islamic Law, Islamic Financial Practitioner (IFP), Shariah RFP or equivalent is an advantage.
• Should have experience of at least 5 years in regulatory compliance/auditing/investigation. Experience and familiarity with Takaful business and Shariah consideration is an advantage.

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.