The executive will assist Manager of Digital Surveillance & Compliance Indicator in the management of the Company's compliance risk, by ensuring a sound compliance risk management that aligns with business performance and governance structure in identifying, managing and mitigating possible non-compliance with the relevant laws, rules and standards.
The executive will also assist the unit to provide assurance to Management and Board that the intermediaries digital practices and activities are in compliant with the relevant laws, regulations and Brand Proposition which includes conducting training, reviewing, monitoring and reporting on market conduct related activities undertaken by the group.
Monitor the compliance level of business activities on continuous basis. Updating of compliance indicators based on the monthly declarations by process owners. Preparing the monthly compliance monitoring as an indicator of unsatisfactory compliance level.
Preparation of Compliance Report. Provide monthly Key Compliance Indicator Report to Manager and the respective Compliance Officers. Assists in the preparation of quarterly compliance report to Senior Management Committee.
Provision of advisory services. Assisting in providing advisory services to management in relation to regulatory requirements, addressing complex compliance issues and complying with new guidelines issued by BNM/ PIAM/ LIAM from time to time. Maintain up-to-date knowledge of company standards, business process and products in their area in order to ensure the accuracy and quality of work.
Investigation of significant compliance breaches. To conduct investigation to establish root cause of the significant compliance breach.
Act as a market conduct advisor to ensure that the sales practice are incompliance with the various laws, acts and also regulations; Provide advice to the sales force to assist on issues relating to market conduct.
Social Media Surveillance. Conduct thorough social media surveillance to monitor and analyze agent activities across various platforms, ensuring compliance with company policies and professional standards.
Ensure agency force awareness in relation to relevant regulatory requirements & guidelines and to plan, direct the conduct training to ensure agency force are kept abreast of the latest updates on relevant regulatory requirements.
Assist Manager, Digital Surveillance & Compliance Indicator in implementation compliance annual plan, culture and ad-hoc review required by boards or regulator. Coordinate timelines and deliverables.
Job Requirement
Degree Law, Shariah, Actuary, Accounting or equivalent professional qualification.
Minimum 3 years in Compliance/ Risk/ Audit
Strong knowledge on operational, financial and regulations for insurance and takaful business.
Good understanding with the procedure and regulation impose by BNM
Analytical skill, strong leadership and good planner.
