Regulatory Compliance, Principal

AIA Shared Services; Kuala Lumpur; Hybrid; MYR 70,000 - 100,000; Full time

Job summary

AIA Shared Services in Kuala Lumpur seeks a Compliance professional to ensure regulatory adherence and to guide product development with compliance in mind. You will review materials, implement policies, and coordinate regulatory reporting to authorities.

The role requires 5+ years in compliance within financial services, preferably in insurance, with strong analytical and communication skills.

Qualifications

• Knowledge of AML and local regulatory requirements.
• Experience in compliance, internal control or related work in financial services.
• Preferably in insurance industry.
• Strong written and spoken English and local language.

Responsibilities

• Represent AIA Bhd. in local regulatory matters and liaise with regulators.
• Ensure compliance with applicable regulatory requirements and internal standards.
• Collaborate with product teams to integrate compliance into design and development.
• Review product materials for regulatory compliance and accuracy.
• Implement compliance policies, risk assessments, and back-end procedures.
• Coordinate regulatory submissions and annual certifications for employees.
• Conduct gap analyses against guidelines from BNM, LIAM and others.
• Update regulatory databases and provide guidance to mitigate risks.
• Conduct compliance reviews and follow up on non-compliance issues.

Skills

Interpersonal skills

Communication skills

Self-motivation

Analytical skills

Presentation skills

Education

Bachelor degree in Accounting, Finance, Business or Law

Job description

FIND YOUR 'BETTER' AT AIA We don’t simply believe in being ‘The Best’. We believe in better - because there’s no limit to how far ‘better’ can take us. We believe in empowering every one of our people to find their 'better' - in the work they do, the career they build, the life they live and the difference they make. So that together we can support even more people - including our own - to live Healthier, Longer, Better Lives. If you believe in better, we’d love to hear from you.

About the Role Responsible for ensuring compliance with regulations and internal policies and for liaising with regulators with regard to regulatory compliance

Roles & Responsibilities:

• Representing AIA Bhd. in local regulatory matters, projects and initiatives by fulfilling the respective requirements and obligations.
• Ensure AIA Bhd. is in 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 and regulatory requirements for AIA Bhd.
• Ensure quality, accuracy and appropriateness of any regulatory compliance submissions to local regulatory authorities.
• Co-ordinate to ensuring e-learning programmes and code of conduct annual certification are properly completed by 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 which consist of 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.
• Compliance Reporting Prepare and submit reports to Group Compliance and other related internal reports such as to ORC, EXCO, and Board of Directors.
• Liaise with first line risk owners in ensuring timely submission of regulatory reporting obligations (including update of reporting register due to changes).
• Combined Assurance 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 they are satisfactorily resolved/implemented.
• Others Perform other responsibilities and duties periodically assigned by line manager in order to meet operational and/or other requirements.

Minimum Job 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 & looks for area of improvement.
• Good written and spoken communication skills in English and local language
• Strong analytical and presentation skills

Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.

You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.

"Better" starts with people who reimagine what is possible and turn ideas into meaningful action.

At AIA, you will contribute in your own way, help shape outcomes that matter and collaborate with colleagues across disciplines, teams, markets and levels. We will support you to broaden your perspective, strengthen your capabilities and grow your impact. Together, we challenge assumptions, learn from one another and find better ways forward. Bring your ambition, experience and ideas to AIA, and help shape what “better” looks like.

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