Manager, Regulatory Compliance

MCIS LIFE; Petaling Jaya; On-site; MYR 100,000 - 150,000; Full time

Job summary

MCIS Life is seeking a Regulatory Compliance Manager to ensure adherence to regulatory requirements and internal policies. This role involves providing compliance assistance, conducting reviews, and managing compliance-related projects. Successful candidates will have a strong background in compliance governance and be ready to drive a high-performance culture.

Benefits

Career development opportunities

Inclusive work environment

Qualifications

• Experience in regulatory compliance management.
• Strong analytical skills and attention to detail.
• Ability to conduct training and prepare reports.

Responsibilities

• Act as the business contact for regulatory compliance issues.
• Conduct compliance reviews and provide advisory support.
• Oversee compliance-related projects and training.

Skills

Regulatory Compliance

Analysis

Documentation

Education

Degree in related field

Job description

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MCIS Life stays true to the essence of life and medical insurance; the idea that one person can make a difference in the lives of others. Our brand promise, #PeopleHelpingPeople, encapsulates that ethos. We cultivate trustworthy, caring, and respectful relationships with our customers. Motivated by their future security, we embrace a progressive mindset and innovative thinking. Through family-minded insurance products, we forge a path toward a brighter tomorrow.

WHY JOIN US?

Step forward and take charge of your career!

Aside from being firm believers in helping people secure their financial future, we believe our people are our greatest assets. With #PeopleHelpingPeople as the core of our brand, we want to help our people by taking their needs into account as well.

Roles & Responsibilities:

1. To act as the business contact person relating to regulatory compliance matters.
2. Assist Head Regulatory and Market Conduct:

• Provide compliance assistance and advisory support to business units.
• Conduct compliance reviews to determine the level of compliance against applicable regulatory requirements.
• Oversee/perform gap analysis on new/ revised regulatory requirements (e.g., BNM’s policy document) to ascertain impact to the Company’s policies, procedures, and business practices, and monitor that any necessary mitigation action plan is carried out.
• Develop, implement, and oversee control testing processes to ensure compliance with regulatory requirements and internal policies.
• Track and monitor the effectiveness of controls within the business and ensure gaps identified are closed within agreed timelines. Analyze testing results and provide recommendations for improvement.
• Maintain accurate and up-to-date documentation of control testing processes, results, and corrective actions.
• Responsible for overseeing and managing compliance-related projects within the organization. Work closely with stakeholders to ensure projects are aligned with regulatory requirements.
• Compile and coordinate regulatory requests, including the compilation of documents for supervisory assessment.
• Conduct training/briefings to relevant staff on regulatory matters and conduct compliance awareness programs.
• Prepare compliance reports or updates, e.g., reporting to Management Compliance Committee, Board.
• Oversee and manage compliance-related projects across the organization, ensuring alignment with regulatory requirements, internal policies, and industry best practices.
• Monitor developments in regulatory requirements and disseminate updates to Senior Management, management, and staff where relevant.
• Provide regular reporting and undertake any other assignments as requested by the Head of Regulatory Compliance and Market Conduct or Chief Compliance Officer.

Join MCIS Life: Make a Meaningful Impact

Join MCIS Life for a rewarding career where you can make a meaningful impact on the lives of others. We are seeking driven individuals eager to contribute to our high-performance culture through our S.A.A.T. strategy, encapsulated in our motto: 'Every Second Unlocks a New You: Transforming Attitudes and Shaping the Right Mindset.'

At MCIS Life, we believe our people are our greatest assets, and we are committed to fostering an inclusive environment that empowers you to grow and succeed. We prioritize creating a diverse, equitable, and inclusive workplace where every employee feels valued and respected, ensuring equal opportunities for professional growth and development. Diversity is celebrated as a source of strength and innovation, and we are dedicated to ongoing efforts to eliminate discrimination, bias, and harassment in all its forms.

If our mission and your mission align, please apply: https://www.mcis.my/about-us/career

How do your skills match this job?

How do your skills match this job?

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Your application will include the following questions:

• What's your expected monthly basic salary?
• Which of the following types of qualifications do you have?
• How many years' experience do you have as a Regulatory Compliance Manager?
• How many years' experience do you have in the insurance industry?

While we’re in the business of helping people secure their financial future, we don’t forget our own people too, for we believe they are our greatest assets. We pride ourselves in being customer-centric, which means putting people first.

Accordingly, we’re looking for people who share this same attitude.

At MCIS Insurance, we provide an atmosphere of inclusion, collaboration, and innovation that enables individuals to contribute to the overall success of the business through their unique strengths, skills, and talents. Our people are the driving force behind the company; it is their commitment and passion that lend to the continuous success of our business.

As a member of the Sanlam Group, MCIS Insurance works closely with its parent company while allowing inter-company career opportunities across the Group, in offices around the world. The Sanlam Group is a South Africa-based fully-diversified financial services company, which includes insurance, financial planning, retirement, trust, wills, short-term insurance, asset management, capital market activities, investment, and wealth.

STEP UP & TAKE CHARGE OF YOUR CAREER

While we’re in the business of helping people secure their financial future, we don’t forget our own people too, for we believe they are our greatest assets. We pride ourselves in being customer-centric, which means putting people first.

Accordingly, we’re looking for people who share this same attitude.

At MCIS Insurance, we provide an atmosphere of inclusion, collaboration, and innovation that enables individuals to contribute to the overall success of the business through their unique strengths, skills, and talents. Our people are the driving force behind the company; it is their commitment and passion that lends to the continuous success of our business.

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