Head, Regulation & Governance

Etiqa Insurance and Takaful; Kuala Lumpur; On-site; MYR 180,000 - 240,000; Full time

Job summary

MAHB is seeking a senior regulatory and governance lead to identify, assess, and implement laws, regulations, standards, and circulars across the Group. You will coordinate policy changes, ensure timely deployment, and provide guidance to Boards and senior management.

This role requires strong communication, training ability, and oversight of compliance across Malaysia, including entities in Singapore and Labuan, with emphasis on BN(M) policies and a robust governance framework.

Qualifications

• Bachelor's Degree or professional qualification in Law, Accounting, Compliance, Risk Management, Audit, or a related discipline.
• A Master’s Degree or relevant postgraduate qualification will be an added advantage.
• Regulatory requirements are accurately assessed, assigned and implemented within stipulated timelines.
• Management receives timely reporting on implementation status, key risks and overdue actions.
• Relevant internal policies, procedures, controls and systems are updated accordingly.
• Provide timely, accurate and practical regulatory and governance advice to the respective Boards of Directors, Senior Management, Compliance Units and business owners across Group MAHB.

Responsibilities

• Lead the identification, assessment and management of new or revised laws, regulations, policy documents, standards, guidelines and circulars issued by regulators and associations and oversee their timely implementation.
• Provide timely updates and advice to Boards and Senior Management on regulatory developments and required actions.
• Drive the implementation of applicable regulatory requirements across functions, including changes to policies, procedures, products, processes and systems.
• Ensure effective communication of regulatory developments across the Group to promote awareness and compliance culture.
• Provide regulatory and governance advisory to Compliance Units and business owners to support consistent interpretation of requirements.
• Lead and oversee the Group Compliance Framework and oversight of entities in Singapore and Labuan.
• Ensure the Compliance Framework is reviewed and updated in line with Bank Negara Malaysia (BNM) and other regulators.
• Lead implementation of corporate governance framework across MAHB in accordance with BNM policies and local laws.
• Monitor, challenge and advise on corrective actions arising from audits and regulator findings, escalating material matters as needed.
• Promote consistency in regulatory governance standards across the Group while acknowledging jurisdictional differences.

Skills

Regulatory understanding

Policy implementation

Strong communication

Training delivery

Governance leadership

Education

Bachelor's Degree or professional qualification in Law or Compliance

Master’s Degree an added advantage

Tools

Policy management software

Job description

• Lead the identification, assessment and management of new or revised laws, regulations, policy documents, standards, guidelines and circulars issued by relevant regulators and industry associations and oversee their timely implementation across MAHB and its relevant entities.
• Provide timely, accurate and informed updates and advice to the respective Boards of Directors and Senior Management on regulatory developments, key compliance implications, implementation risks and required actions affecting the Group MAHB’s business and operation.
• Drive and oversee the implementation of applicable regulatory requirements by the relevant business and support functions, including necessary changes to policies, standard operating procedures, products, processes, controls, systems and technology;
• Ensure effective communication of regulatory developments across the Group to promote awareness, accountability and a strong compliance culture;
• Provide regulatory and governance advisory to Compliance Units, business functions and relevant entities to support consistent interpretation and application of regulatory requirements;
• Lead and oversee the implementation of the Group Compliance Framework and provide appropriate oversight of entities in Singapore and Labuan;
• Ensure that the Compliance Framework is reviewed and updated periodically in accordance with the requirements of Bank Negara Malaysia (BNM), other applicable regulators, and relevant laws and regulations in force;
• Lead and oversee the implementation and maintenance of an effective corporate governance framework across the Group MAHB, in accordance with applicable BNM policy documents, local regulatory requirements and relevant laws and regulations;
• Monitor, challenge and advise Senior Management and relevant business owners on the timely and effective implementation of corrective and remedial measures arising from findings or observations raised by Internal Audit, External Audit, BNM and other relevant regulatory bodies, including escalation of material or overdue matters to the appropriate governance forums.
• Promote consistency in regulatory governance standards across the Group MAHB while recognizing jurisdiction-specific requirements, and facilitate appropriate coordination.

Job Requirement

• Bachelor's Degree or professional qualification in Law, Accounting, Compliance, Risk Management, Audit, or a related discipline.
• A Master’s Degree or relevant postgraduate qualification will be an added advantage.
• Regulatory requirements are accurately assessed, assigned and implemented within stipulated timelines.
• Management receives timely reporting on implementation status, key risks and overdue actions.
• Relevant internal policies, procedures, controls and systems are updated accordingly.
• Provide timely, accurate and practical regulatory and governance advice to the respective Boards of Directors, Senior Management, Compliance Units and business owners across Group MAHB.
• All advisory services are provided professionally (correctly) and timely manner.
• To track timely submission of Exposure Draft, Discussion paper, Survey, etc. feedback to BNM and Associations.
• Excellent oral and written communication skills.
• Able to conduct training on compliance topic.