Shariah Compliance (Assistant Manager)

Zurich 56 Company Ltd; Kuala Lumpur; On-site; MYR 80,000 - 120,000; Full time

Job summary

A leading company in Kuala Lumpur seeks an Assistant Manager for Shariah Compliance. The role involves conducting compliance assessments, managing Shariah Non-Compliance events, and reporting to management committees. With a strong focus on diversity and employee development, Zurich offers a supportive work culture that embraces continuous improvement and career growth.

Benefits

Comprehensive training and development opportunities

Support for volunteering and community activities

Diversity and inclusion initiatives

Qualifications

• 5+ years experience in insurance or Takaful industry with Shariah focus.
• Thorough understanding of Shariah compliance principles.

Responsibilities

• Conduct Shariah compliance assessments and management related to product development.
• Report updates to various committees and ensure stakeholder engagement.
• Support continuous improvement initiatives in compliance.

Skills

Shariah Compliance

Compliance Risk Assessment

Stakeholder Engagement

Education

Minimum 5 years of experience in insurance or Takaful industry

Job description

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Shariah Compliance (Assistant Manager)

Key Accountabilities:

• Perform review and Shariah related assessments for BAU activities including, but not limited to, product development, projects, initiatives, ad hoc requests from business units/regulators, management of Shariah Non-Compliance events, regulatory change reviews, Compliance Risk Assessments, Yearly Annual Planning, involvement in Self Operational Risk Assessments, BNM attestation, etc.
• Report updates related to Shariah Compliance to the local management committee, Shariah Committee, Audit Committee, Board, and Regional/Group Compliance.
• Perform Shariah assurance activities based on the annual Shariah Compliance Plan.
• Support the Compliance team in preparing Continuous Improvement projects/initiatives and ad-hoc projects, up to the date of implementation.
• Identify and engage with internal stakeholders to understand functional mandates and ensure their involvement in relevant matters.
• Ensure relevant stakeholders are informed, understand, and support Compliance activities and priorities.
• Share assurance activities’ results, agree on actions with management and stakeholders, and follow up on improvement actions.

Requirements:

• Minimum 5 years of experience in the insurance or Takaful industry, with a focus on Shariah compliance.

At Zurich, we are proud of our culture. We are passionate about Diversity and Inclusion. We want you to bring your whole self to work. We have a diverse customer base, and we aim for our employee base to reflect that.

Our diversity and inclusion initiatives create an environment where everyone feels welcome, regardless of protected characteristics.

We accept applications from everyone, regardless of background, beliefs, or culture.

We are committed to continuous improvement and offer comprehensive training and development opportunities. Zurich supports employees in volunteering, charitable, and community activities.

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 think outside the box and challenge the status quo. We focus on positives and ask, 'What can go right?' We value our employees' experience and offer opportunities across business areas for career growth. We are proud to be a Great Place To Work Certified. Our culture is our top priority!