Manager, Regulatory Compliance

Allianz Malaysia Berhad; Kuala Lumpur; On-site; MYR 180,000 - 210,000; Full time

Job summary

Allianz Malaysia Berhad is seeking a proactive compliance professional to support regulatory compliance, governance, and risk management across the organization in Kuala Lumpur. The role involves monitoring regulatory developments, providing compliance advice to business units, coordinating governance initiatives, and ensuring compliance obligations are met.

You will work closely with risk and control functions, senior stakeholders, and regulators to promote a strong compliance culture and help

Qualifications

• Bachelor's degree in Law, Finance, Accounting, Business Administration, Risk Management, or a related discipline.
• Minimum 5-8 years of experience in Compliance, Risk Management, Governance, Audit, Legal, or a related field.
• Strong understanding of Bank Negara Malaysia (BNM) regulations and regulatory compliance requirements.
• Experience in compliance monitoring, regulatory advisory, governance reviews, or risk management.
• Strong analytical and problem-solving skills with attention to detail.
• Excellent written and verbal communication skills.
• Ability to manage multiple priorities and work effectively with stakeholders at different levels.
• Proficient in the use of AI tools such as ChatGPT, Copilot, or similar technologies to enhance productivity and work quality.

Responsibilities

• Monitor and assess BNM regulatory changes, including gap analyses and compliance reviews, with clear communication to Business Units and tracking of action items.
• Provide timely, practical, and risk-based regulatory advice to Business Units.
• Review communications and submissions to BNM and ensure all regulatory deliverables meet expected standards and timelines.
• Responsible for maintaining and updating the Regulatory Compliance Management tool to ensure it remains updated and aligned with regulatory changes.
• Coordinate the planning and delivery of Regulatory Compliance and Governance training and awareness initiatives across the Companies.
• Coordinate and execute Governance & Control Committee (GovCC) meetings and oversee compliance within the SoG, including gap analyses and adequacy assessments.
• Lead / support implementation of key governance tasks and methodologies.
• Drive alignment between Group requirements and local regulations, including updates to internal policies.
• Support implementation of NFRM, including oversight of risk assessments and key control testing.
• Ensure timely completion of risk deliverables (e.g., KRIs, Top Risks, Freeze Orders).
• Oversee and execute Compliance Reviews in accordance to the Annual Compliance Plan.
• Review control testing results to ensure robustness and defensibility.
• Monitor compliance issues and ensure timely remediation, while maintaining oversight of monitoring tools and systems.
• Ensure timely and accurate preparation and submission of Board, Audit Committee, and Risk Committee papers.
• Maintain high standards of documentation, review, and sign-off processes.
• Support knowledge sharing and continuous professional development within the team.
• Undertake continuous professional development, including required learning hours and certifications.
• Provide leadership, guidance, and oversight to team members.
• Contribute to process improvements and efficiency enhancements.
• Build strong relationships with Business Units, senior management, and Group stakeholders.
• Facilitate effective cross-functional coordination among key functions.
• Support the role as the Secretariat of the Due Diligence Working Group to advise on Related Party Transactions.

Job description

How far can you go with the support of leaders who want to bring out the best in you?

We are seeking a proactive and detail-oriented compliance professional to support regulatory compliance, governance, and risk management activities across the organization. This role is responsible for monitoring regulatory developments, providing compliance advice to business units, coordinating governance initiatives, and ensuring compliance obligations are effectively managed.

The successful candidate will work closely with business teams, risk and control functions, senior stakeholders, and regulators to promote a strong compliance culture and help ensure the organization meets both regulatory and Group requirements.

You’ll be responsible for:

Regulatory Change Monitoring & Advisory

Monitor and assess BNM regulatory changes, including gap analyses and compliance reviews, with clear communication to Business Units and tracking of action items

Provide timely, practical, and risk-based regulatory advice to Business Units

Review communications and submissions to BNM and ensure all regulatory deliverables meet expected standards and timelines

Responsible for maintaining and updating the Regulatory Compliance Management tool to ensure it remains updated and aligned with regulatory changes

Coordinate the planning and delivery of Regulatory Compliance and Governance training and awareness initiatives across the Companies.

Allianz Group requirements relating to the System of Governance (SoG)

Coordinate and execute Governance & Control Committee (GovCC) meetings and oversee compliance within the SoG, (e.g Solvency II policies), including conducting gap analyses and adequacy assessments.

Lead / support implementation of key governance tasks and methodologies (e.g. Horizontal & Vertical Oversight Methodology, Compliance Assurance Risk and Effectiveness, Statement of Accountability, etc.)

Drive alignment between Group requirements and local regulations, including updates to internal policies.

Oversight on Non-Financial Risk Management (NFRM)

Support implementation of NFRM, including oversight of risk assessments and key control testing

Ensure timely completion of risk deliverables (e.g., KRIs, Top Risks, Freeze Orders)

Compliance Monitoring & Control Assurance

Oversee and execute Compliance Reviews in accordance to the Annual Compliance Plan.

Review control testing results to ensure robustness and defensibility

Monitor compliance issues and ensure timely remediation, while maintaining oversight of monitoring tools and systems

Ensure timely and accurate preparation and submission of Board, Audit Committee, and Risk Committee papers

Maintain high standards of documentation, review, and sign-off processes, including proper documentation and record-keeping for audit readiness

Leadership & People Development

Support knowledge sharing and continuous improvement within the team

Undertake continuous professional development, including required learning hours and certifications

Provide leadership, guidance, and oversight to team members

Contribute to process improvements and efficiency enhancements

Strategic Initiatives

Build strong relationships with Business Units, senior management, and Group stakeholders

Facilitate effective cross-functional coordination among key functions.

Others

Support the role as the Secretariat of the Due Diligence Working Group (DDWG) to provide advice to and guide the Business Unit(s) for the presentation of their Related Party Transaction and Recurrent Related Party Transaction (RPT and/or RRPTs)

Important to your success:

Bachelor's Degree in Law, Finance, Accounting, Business Administration, Risk Management, or a related discipline.

Minimum 5-8 years of experience in Compliance, Risk Management, Governance, Audit, Legal, or a related field.

Strong understanding of Bank Negara Malaysia (BNM) regulations and regulatory compliance requirements.

Experience in compliance monitoring, regulatory advisory, governance reviews, or risk management.

Strong analytical and problem-solving skills with attention to detail.

Excellent written and verbal communication skills.

Ability to manage multiple priorities and work effectively with stakeholders at different levels.

Proficient in the use of AI tools such as ChatGPT, Copilot, or similar technologies to enhance productivity and work quality.

Disclaimer:

Thank you for your interest in joining our team. Due to the high volume of applications we receive, we are unable to provide individual feedback to every applicant. If you do not hear from us within 14 days of submitting your application, please assume that you have not been selected for this position.

Important:

All updates regarding your application status will be communicated via email. Please ensure you frequently check your email for updates and further instructions.

Note:

Allianz will not accept any forward unsolicited resumes from any source to our employees email other than directly from a candidate. We will not be responsible for any fees and charges imposed.

Let’s care for tomorrow. For building a risk mindset at every level.

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Allianz began in Germany over 120 years ago in 1889. Today, Allianz is one of the world's leading insurers and financial services providers. Allianz provides its over 78 million customers worldwide a comprehensive range of services in the areas of property and casualty insurance, life and health insurance, and asset management. Allianz Malaysia Berhad (AMB) is part of the Allianz Group. AMB, an investment holding company has two wholly-owned subsidiaries - Allianz Life Insurance Malaysia Berhad (“Allianz Life”) and Allianz General Insurance Company (Malaysia) Berhad (“Allianz General”).

Allianz began in Germany over 120 years ago in 1889. Today, Allianz is one of the world's leading insurers and financial services providers. Allianz provides its over 78 million customers worldwide a comprehensive range of services in the areas of property and casualty insurance, life and health insurance, and asset management. Allianz Malaysia Berhad (AMB) is part of the Allianz Group. AMB, an investment holding company has two wholly-owned subsidiaries - Allianz Life Insurance Malaysia Berhad (“Allianz Life”) and Allianz General Insurance Company (Malaysia) Berhad (“Allianz General”).

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