Regulatory Compliance, Principal

AIA Hong Kong; Kuala Lumpur; On-site; MYR 70,000 - 90,000; Full time

Job summary

A leading insurance firm in Kuala Lumpur seeks an experienced candidate for regulatory compliance. Responsibilities include implementing compliance policies, preparing reports, and engaging with various business units to address compliance risks. The ideal candidate will possess a Bachelor's degree and have at least 5 years of relevant managerial experience in financial services. Excellent communication and analytical skills are essential.

Qualifications

• Minimum of 5 years' managerial experience in a related field.
• Knowledge of local legal/regulatory requirements.
• Experience in compliance, internal control, or finance-related work.

Responsibilities

• Represent the company in regulatory matters and ensure compliance.
• Prepare and submit compliance reports to internal stakeholders.
• Conduct compliance reviews on business units and third parties.

Skills

Regulatory Compliance

Communication Skills

Analytical Skills

Education

Bachelor degree in Accounting, Finance, Business or Law

Job description

About the Role

To support the Associate Director, Regulatory Compliance, ensuring AIA Bhd. operates within the AIA Group policies, local regulations, and compliance frameworks across the following areas:

• Regulatory Compliance (Code of Conduct, FATCA, CRS, Anti-Bribery & Corruption)
• Compliance Reporting
• Combined Assurance
• Other regulatory and corporate requirements

Roles & Responsibilities

Regulatory Compliance

• Represent AIA Bhd. in local regulatory matters, ensuring compliance with all applicable requirements.
• Implement compliance policies, risk assessment processes, and back-end procedures across relevant frameworks.
• Ensure quality and accuracy of regulatory compliance submissions to local authorities.
• Coordinate e-learning programmes and code of conduct annual certification for all employees.
• Consult with Group Compliance and relevant business units to resolve issues related to regulatory compliance implementation.
• Conduct gap analysis to ensure compliance with relevant guidelines issued by BNM, LIAM, AIA Group, and other authorities.
• Update and maintain regulatory database consisting of all local regulatory requirements.
• Proactively engage with business units 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 internal reports such as to ORC, EXCO, and Board of Directors.
• Liaise with first line risk owners to ensure timely submission of regulatory reporting obligations and update the 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 non-compliance issues until satisfactorily resolved/implemented.

Others

• Perform other responsibilities and duties periodically assigned by line manager to meet operational and 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 legal / regulatory requirements.
• At least 5 years in compliance, internal control or related work experience in financial services 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.

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