Executive Manager, Compliance Assurance

Zurich Life Insurance Malaysia Berhad; Kuala Lumpur; On-site; MYR 120,000 - 240,000; Full time

Benefits offered by this job

Miscellaneous allowance

Monthly Incentive

Free Oversea Convention

Job summary

Zurich Life Insurance Malaysia Berhad seeks a Senior Compliance Assurance professional to develop and maintain assurance strategies aligned with Zurich’s Program and Group Strategy. You will partner with LCO and management across business units to deliver robust assurance in governance and regulatory reporting.

The role requires 7+ years in compliance/audit/risk, strong analytics, and effective stakeholder engagement.

Qualifications

• Bachelor’s degree in Accounting or other relevant degree with minimum 7 years of experience in compliance, audit, or risk management.
• Professional certifications such as CIA from IIA, or equivalent, will be considered an advantage.
• Solid understanding of Insurance and Takaful laws and regulations, 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, self-motivated attitude with initiative and continuous improvement mindset.
• Strong verbal, written and presentation skills.

Responsibilities

• Assist the Team Lead or Local Compliance Officer in developing, implementing, and maintaining the unit’s assurance obligations under Zurich Compliance Program.
• Collaborate with business management to identify and manage compliance risks, plan assurance activities, and ensure data quality with minimal errors.
• Execute assigned assurance activities from risk-based plans, including leading complex reviews.
• Work with Team Lead and LCO to prioritize activities and develop the plan.
• Make recommendations to increase effectiveness and simplification of 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.
• Contributes to Compliance Risk Assessment with assurance perspective.
• Prepare reporting on progress, results, and escalation of overdue issues to governance bodies.
• Collaborate with Group Audit, Risk Management for integrated assurance across three lines of defense.
• Organize and deliver functional projects within defined scope and time frame.

Skills

Analytical skills

Communication

Stakeholder management

Verbal communication

Written communication

Presentation skills

Proactive attitude

Education

Bachelor’s degree in Accounting or relevant degree

CIA certification or equivalent (advantage)

Job description

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 workstreams 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.

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.

Let’s continue to grow together!

• Schedule: Full Time

Unlock job insights

Hirer responsiveness Salary match Number of applicants

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