Manager, Compliance Testing & Monitoring

FWD Group Management Holdings Limited; Kuala Lumpur; On-site; MYR 120,000 - 180,000; Full time

Job summary

FWD Group Malaysia is seeking a seasoned Compliance professional to lead annual monitoring, testing, and thematic reviews across agency and takaful distribution channels. You will ensure adherence to Bank Negara Malaysia requirements and maintain high standards of market conduct.

The role involves conducting reviews, preparing management reports, and providing compliance advisory support and training to frontline teams.

Qualifications

• Degree in Law, Compliance, Risk Management, Business, Finance or related field.
• 5–8 years of experience in Compliance, Risk, Internal Audit or Regulatory Compliance.
• Experience conducting reviews, audits, compliance testing or quality assurance reviews within financial services.
• Knowledge of insurance/takaful distribution and market conduct requirements.

Responsibilities

• Develop and execute annual compliance monitoring and testing plans.
• Perform thematic reviews on sales quality, market conduct, customer treatment, claims, complaints and distribution activities.
• Conduct file reviews, including Customer Fact Find (CFF), sales documentation and customer communication reviews.
• Identify control weaknesses, regulatory breaches and emerging conduct risks.
• Assess effectiveness of first line controls and recommend remediation actions.

Skills

Regulatory compliance

Risk management

Auditing

Internal audit

Education

Degree in Law, Compliance, Risk Management, Business, Finance or related field

Job description

About FWD Group

FWD Group (1828.HK) is a pan-Asian life and health insurance business that serves approximately 40 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the main board of the Hong Kong Stock Exchange under the stock code 1828. For more information, please visit www.fwd.com

About FWD Takaful Berhad

FWD Takaful Berhad (“FWD Takaful”) is a takaful provider in Malaysia that offers family takaful services. FWD Takaful is licensed under the Islamic Financial Services Act 2013 and is regulated by Bank Negara Malaysia. FWD Takaful is a takaful business unit of FWD Group. Visit https://www.fwd.com.my

Join us

We’re proud to be a company that encourages and nurtures fearless innovation in achieving our vision of changing the way people feel about takaful. Our teams come from a wide variety of industries and backgrounds because we value developing a truly diverse pool of talent that brings different perspectives and experiences. Our values - committed, innovative, proactive, open, and caring - define who we are and what we do as we work together to bring our vision to life, every single day.

KEY ACCOUNTABILITIES

Compliance Testing & Thematic Reviews

• Develop and execute annual compliance monitoring and testing plans.
• Perform thematic reviews on sales quality, market conduct, customer treatment, claims, complaints and distribution activities.
• Conduct file reviews, including Customer Fact Find (CFF), sales documentation and customer communication reviews.
• Identify control weaknesses, regulatory breaches and emerging conduct risks.
• Assess effectiveness of first line controls and recommend remediation actions.

Sales Quality Reviews

• Lead sales quality reviews across agency, bancassurance and partnership channels.
• Assess product suitability, advisory quality and adherence to market conduct requirements.
• Evaluate sales practices against BNM requirements, Treat Customers Fairly principles and internal policies.
• Perform root cause analysis on recurring sales conduct issues.

Regulatory Monitoring

• Monitor regulatory developments and assess compliance implications.
• Support implementation tracking for regulatory initiatives and remediation actions.
• Validate closure of compliance findings and outstanding action plans.

Reporting & Governance

• Prepare compliance testing reports, thematic review reports and management updates.
• Present findings to Senior Management, ERC, Board Committees and other governance forums.
• Track remediation progress and report overdue issues.

Advisory & Training

• Provide compliance advisory support on distribution initiatives and sales-related matters.
• Conduct awareness sessions on market conduct expectations and sales quality standards.

QUALIFICATIONS / EXPERIENCE

• Degree in Law, Compliance, Risk Management, Business, Finance or related field.
• 5–8 years' experience in Compliance, Risk, Internal Audit or Regulatory Compliance.
• Experience conducting reviews, audits, compliance testing or quality assurance reviews within financial services.
• Knowledge of insurance/takaful distribution and market conduct requirements.

FWD Group (1828.HK) is a pan-Asian life and health insurance business that serves approximately 40 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the main board of the Hong Kong Stock Exchange under the stock code 1828. For more information, please visit www.fwd.com

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