Manager, Shariah Compliance

Zurich Insurance Company Ltd.; Kuala Lumpur; On-site; MYR 180,000 - 300,000; Full time

Job summary

Zurich in Kuala Lumpur seeks an experienced Compliance professional to promote an ethics-based culture and manage elevated compliance risks. You will align the compliance strategy with business goals, advise on policies, and oversee risk assessments across the organization.

You will support training, manage regulatory relationships, and ensure stakeholders understand and prioritize compliance initiatives in a dynamic insurance environment.

Qualifications

• 8 to 10 years of experience in insurance or takaful with focus on Shariah compliance.
• Ability to align compliance with business strategy and legal requirements.
• Experience in regulatory relationship management and training delivery.

Responsibilities

• Conduct awareness campaigns and support policy adoption across the organization.
• Perform compliance oversight and annual risk assessments with actionable reports.
• Advise first line of defense on controls, policies, and mitigation actions.

Skills

Compliance management

Policy adoption

Risk assessment

Stakeholder management

Training & awareness

Job description

Purpose

Promotes an ethics-based culture, delivering practical solutions, guidance and training, identifies and manages Compliance Risks of higher complexity, implementing policies, processes and controls related to the Compliance Risk Universe of moderate complexity to complex. Interacts with supervisory bodies whenever required.

Key Accountabilities

• Ensure Compliance strategy is aligned with business strategy, legal requirements and trends.
• Promoting Ethic Based Culture, implementing training and awareness activities and provide management with relevant metrics.
• Assess new complex laws and trends and their applicability and implementation to Zurich’s operations in the jurisdiction, in alignment with Legal, in order to ensure that the Compliance Risk Universe are fully identified and managed.
• Advise the first line of defense with respect to policies (i.e. their adoption, development, implementation and maintenance), practical guidance, training, relevant controls, and processes for mitigation of risks within the Compliance Risk Universe.
• Advise and support management in its regulatory relationship management regarding topics from the compliance risk universe thereby upholding the organization’s public image.
• Identify and interact with internal stakeholders to further comprehend the functional mandates and ensure functional involvement in matters of relevance.
• Ensure that relevant stakeholders are informed, understand and support Compliance activities and prioritization.
• Evaluate business activities (e.g. proposition management, investments, etc.) to assess compliance risk.

Essential Job Functions

• Conduct regular awareness campaigns reminding employees of the respective Group Policy and how they can report a violation or a concern.
• Advise and support first line of defense with regard to the adoption of Compliance Policies.
• Perform Compliance Oversight, establishing and maintaining reports to relevant stakeholders, as foreseen in internal policies and local regulation.
• Conduct the annual compliance risk assessment to satisfy internal and regulatory requirements and communicate assessment results to management, governance committees and other stakeholders, as applicable, coordinating action plans settlement whenever is necessary.

Additional Job Functions

• May perform assurance to the business that the function inherent risks are being identified, managed and mitigated where possible.
• Share assurance activities’ results and agree on actions with management and other relevant stakeholders and follow up with business on agreed improvement actions.

Requirement

• 8 to 10 years of experience in the insurance or Takaful industry, with a focus on Shariah compliance.

We are committed to continuous improvement, and we offer access to a comprehensive range of training and development opportunities. Zurich is passionate about supporting employees to help others by getting involved in volunteering, charitable and community activity.

So, make a difference. Be challenged. Be inspired. Be supported, Love what you do. Work for us.

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. We’re proud to have earned Great Place To Work® Certification™. Our company culture is our top priority! #GPTWcertified

Location(s): MY - Kuala Lumpur
Schedule: Full Time