Regulatory Compliance, Principal

AIA Malaysia; Kuala Lumpur; On-site; MYR 90,000 - 120,000; Full time

Job summary

AIA Malaysia is seeking a Compliance Manager to support the Associate Director, ensuring operations align with AIA Group policies and local regulations. Responsibilities include driving compliance frameworks, coordinating training programmes, and preparing regulatory submissions.

The ideal candidate will have a Bachelor’s degree in Accounting, Finance, Business or Law and at least five years of experience in compliance within the financial services industry. Strong analytical, presentation, and interpersonal skills are essential.

Qualifications

• Minimum of 5 years of managerial experience in compliance or related field.
• Knowledge of local AML, legal and regulatory requirements.
• At least 5 years in compliance or internal control experience in financial services.

Responsibilities

• Oversee implementation of compliance frameworks.
• Coordinate e-learning programmes and conduct compliance training.
• Prepare regulatory compliance submissions and reports.

Skills

Regulatory and Product Compliance

Compliance Reporting

Risk Assessment

Interpersonal Skills

Analytical Skills

Presentation Skills

Education

Bachelor degree in Accounting, Finance, Business or Law

Job description

About The Role

To support the Associate Director, Compliance to ensure that AIA Bhd. operates in accordance with the AIA Group policies and guidelines and local regulatory requirements. This includes driving and overseeing implementation of compliance frameworks in areas such as regulatory and product compliance, compliance reporting, combined assurance, and other regulatory and corporate requirements.

• Regulatory and Product Compliance
• Compliance Reporting
• Combined Assurance
• Other regulatory and corporate requirements
• Representing AIA Bhd. in local regulatory matters, projects and initiatives, ensuring compliance with all applicable regulatory requirements
• Collaborate with product development teams to integrate compliance considerations into product design and development process
• Review product‑related materials (e.g. PDS, brochures, marketing collaterals) to ensure compliance with regulatory requirements and internal standards
• Implement applicable compliance policies/protocols, risk assessment process and relevant back‑end procedures to comply with applicable policies/standards
• Ensure quality, accuracy and appropriateness of any regulatory compliance submissions to local regulatory authorities
• Coordinate e‑learning programmes and code of conduct annual certification completion for all employees
• Consult with Group Compliance and relevant business units in resolving issues related to regulatory compliance implementation
• Conduct gap analysis to ensure compliance with relevant guidelines including those issued by BNM, LIAM, AIA Group and other authorities
• Update and maintain regulatory database containing all local regulatory requirements
• Proactively engage with business and provide advice / guidance to mitigate key compliance risks
• Strengthen compliance engagement with business units to educate and increase awareness of regulatory developments, ethics and compliance risks
• Prepare and submit reports to Group Compliance and other related internal reports such as ORC, EXCO, and Board of Directors
• Liaise with first line risk owners to ensure timely submission of regulatory reporting obligations (including update of reporting register due to changes)
• Conduct compliance reviews on business units and third parties
• Undertake monitoring and follow up with relevant stakeholders on agreed actions and any non‑compliance issues until satisfactorily resolved/implemented
• Perform other responsibilities and duties periodically assigned by line manager to meet operational and/or other requirements

Bachelor degree in Accounting, Finance, Business or Law with minimum of 5 years’ of managerial experience in the related field.

Knowledge of local AML, legal / regulatory requirements.

At least 5 years in compliance, internal control or related work experience in financial service industry, preferably in insurance industry.

Good interpersonal and communication skills and self‑motivated.

Pro‑active, demonstrates initiative and looks for area of improvement.

Good written and spoken communication skills in English and local language.

Strong analytical and presentation skills.