Support the compliance & risk associate director, this role will ensure that local entities operate in accordance with the group policies and guidelines and local regulatory requirements. Driving and overseeing the implementation of the compliance framework this role will provide a critical role in compliance risk monitoring and reporting.
Compliance risk monitoring
To implement compliance monitoring framework to ensure first line business activities/ transactions are in compliance with regulatory requirements and compliance policies and guidelines.
Key activities include:
- Apply data analytics and other techniques to understand business trends and risk indicators so to identify high risk or emerging risk areas for compliance monitoring.
- Develop structured risk-based monitoring programs for identified areas and perform detailed testing, report findings and recommend risk mitigation actions.
- Communicate findings with first line business units and agreed action plans. Monitor progress of the actions committed.
- Coordinate with group compliance and other key stakeholders (e.g. risk management and internal audit) on the monitoring programs to ensure adequacy of monitoring with no duplication and consistency of reporting.
- Assist direct manager to continually enhance the monitoring framework.
Incident management and compliance reporting
Assists in the investigation, analysis and reporting of compliance incidents identified during compliance monitoring to ensure regulatory breaches or significant compliance matters are properly dealt with.
Key activities include:
- Investigates and analyses nature of incidents, including identification of root causes and remedial actions.
- Reports compliance incidents in accordance with the group compliance reporting protocol and monitors implementation of remedial actions by responsible business processes owners.
- Identifies risks and updates assessment on compliance risks, controls and actions in the risk and control assessment system.
Requirements:
- Bachelor’s degree in accounting, finance, information technology or other related subjects with a minimum of 6 years solid working experience in the financial services industry focused on compliance, risk management or internal audits with solid experience in applying data analytical tools such as Qlik, ACL or SQL
- Professional qualification in life insurance, compliance, internal audit, IT audit or related disciplines is preferred
- Demonstrated ability to keep abreast of development in technology to enhance effectiveness of compliance risk monitoring
- Understanding of the insurance business is preferred
- Good interpersonal and communication skills and self-motivated.
- Good written and spoken communication skills in English and Chinese.
- Independent and be able to work under pressure
- Be organised, detail-oriented and with good problem solving skills
- High level of integrity and take ownership and accountability of results
