Manager, Project Compliance

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

Job summary

An established industry player seeks a dedicated compliance professional to enhance their compliance processes and promote a culture of integrity. This role involves preparing insightful reports for senior management, conducting compliance reviews, and ensuring adherence to regulatory requirements. The ideal candidate will have a strong background in compliance, excellent communication skills, and a proactive approach to identifying risks. Join a respected organization committed to customer satisfaction and continuous improvement in the financial services sector.

Qualifications

• Minimum 5 years of experience in compliance field.
• Well versed with compliance knowledge and governance frameworks.

Responsibilities

• Prepare reports on compliance risk findings for senior management.
• Conduct risk-based compliance reviews and implement remedial actions.

Skills

Compliance Knowledge

Risk Management

Communication Skills

Interpersonal Skills

Time Management

Education

Bachelor’s Degree in 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 on the findings and analyses of compliance risk to EXCO, GBRMC, and BOD;

Providing oversight and support to Business Units on general compliance matters/Group initiatives, including adoption of Group policies, standards, and guidelines where required;

Conducting risk-based compliance reviews on business processes to identify gaps, escalate issues/risks promptly and work with Business Unit to implement timely remedial actions;

Implementing an effective Regulatory Change Management process involving (i) communicating new /revised regulatory requirements with stakeholders, (ii) performing gap analysis against new/revised regulatory requirements, and (iii) working closely with relevant stakeholders to track progress of necessary actions in place;

Assisting in the roll-out of compliance awareness and learning materials for employees/representatives;

Maintaining awareness of industry trends on regulatory compliance, emerging threats, and technologies in order to understand risks and safeguard organization’s interest;

Continuously looking for ways to improve existing compliance processes;

Identifying learning and growth opportunities for self, and thus ensuring career growth;

Providing support in engaging with Product Documentation Review Committee (‘PDRC’) throughout the product development process to ensure that material compliance and regulatory risks related to products are identified and appropriately mitigated for new and existing products, marketing campaigns, and other related activities;

Assisting in providing quality reviews on product related marketing literature (e.g., Proposal Forms, Product Illustrations, Product Disclosure Sheets) to ensure adequate disclosure, and transparency of key features & benefits to promote informed decision-making by customers as well as fair treatment to customers;

Developing and maintaining effective governing documents overseeing the identification, assessment, and monitoring of compliance risk on business initiatives including ad-hoc initiatives and key organization projects;

Proactively engaging with internal and external stakeholders to ensure that the organization’s compliance objectives and priorities are aligned with business direction and regulatory expectations;

Performing related duties as assigned by the Chief Compliance Officer, Head of Project Compliance, or other senior members of Compliance Department;

Ensure compliance with Company and Regulatory policies and regulations. Other duties as required by the Management.

Job Requirements:

Bachelor’s degree in related field.

Minimum 5 years of experience in compliance field.

Well versed with compliance knowledge and governance frameworks.

Good time management.

Good communication and interpersonal skills for working with cross-functional

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Your application will include the following questions:

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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