Manager, Compliance

2-3 years
500 - 667 SGD monthly
6 months ago
Job Description

Tune Protect strives to be the go-to insurtech for millennials and Gen Z. We are listed on the main market of Bursa Malaysia since 2013 where our main business is insurance, reinsurance and going forward - insurance technology solutions! We are simplifying consumer's experience with different products and technology that complement consumer's lifestyle needs!
There's a lot of things happening at Tune Protect and we are looking for creative, agile, independent and fast paced - all rounder hustlers to join us on this challenging, yet amazing journey. If you're experimental and aren't afraid to make mistakes, welcome!
Here, you will formulate creative solutions for our customers, juggle numerous items in making them simple, own and drive initiatives, and collaborate with super fun and hard-working group of people who are utterly passionate about their mission.

The Core Job:

  • To be knowledgeable of all legal statutes, acts, and guidelines applicable in the industry and advises on regulatory matters as and when required.
  • Assist in managing a good governance environment with the implementation of an appropriate compliance policy and the regular review and monitoring of regulatory requirements.
  • Assist in providing a good governance environment with the implementation of an appropriate compliance policy and regularly review and monitoring of regulatory requirements.
  • Assist in stimulating, monitoring, and controlling the observation of relevant and applicable laws, rules, and standards including the business conduct and ethical standards that are relevant to the Company.
  • Assist in liaising with regulators (BNM, PIAM, LFSA, etc.) and assist in a regulatory advisory on new products, new projects, and other advisory.
  • Assist with the internal business process of compliance monitoring including communication of new regulatory requirements to all relevant departments, ensure timely regulatory submissions, review monthly compliance reports, monitor statutory/non-statutory submissions to BNM, LFSA, PIAM, and other relevant authorities, ensure full governance of product approval process prior to submission to BNM guidelines.
  • Assist in monitoring and review to comply with the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA) and other related statutory regulations ensuring compliance of same.
  • Assist with ad-hoc requests on matters pertaining to the department and coordinate document information required by regulators.
  • Assist to prepare and facilitate visitations by any regulatory bodies.
  • Assist in monitoring compliance action plans initiated by Management are assessed and reported to the Board.
  • Assist in implementing an appropriate system to facilitate compliance activity and monitoring are developed and maintained.
  • Assist in updating and maintaining the regulatory submission register and maintaining an inventory of all laws and regulations.
  • Assist in compliance monitoring and review activities and update on monthly compliance declaration by Business Units if there is any regulatory breaches or incident reported.
  • Ensure safe keeping of the Department's documents. Assist in any other compliance-related tasks as and when required.

  • Candidate should possess a Diploma / Advanced Diploma, bachelor's degree or equivalent in Accounting/Law/Finance/Insurance or Qualified Professional Discipline
  • 2-3 years of working experience in the Compliance/Audit/Risk Management Department in the Insurance industry.
  • Familiar with the regulation/guidelines of Bank Negara Malaysia, PIAM, Companies Act, and Compliance Framework

Extra Bonus Points:
  • Proficient in English and Bahasa Malaysia, both written and spoken
  • Good knowledge of Microsoft Excel, Words, and Power Point
  • Analytical, results-driven, and a positive working attitude

We look after our tribe really well! On top of insurance coverage for you and your family, we provide free flow of coffee, tea and biscuits, professional accreditation support and generous amount of e-learning courses and annual leaves! We practice hot desking and take social networking very seriously!

Tune Protect Group Berhad is a financial holding company that provides underwriting and reinsurance services for non-life insurance products through its subsidiary and associate companies. We aim to provide our customers with the added confidence to enjoy life's adventures, knowing that they and their loved ones are well protected. At Tune Protect, we believe that everyone deserves to be protected. That is why we are committed to make protection easy to understand, easy to buy, easy to claim, easy to access and easy on the pocket, suiting our tagline ‘Protection Made Easy'. True to our vision of becoming the Leading Digital Insurer, distinctive in its culture, processes and people with a strong customer and employer value proposition, Tune Protect Group has been instrumental in changing the national insurance landscape, spearheading efforts in advancing insurance into the digital space across ASEAN and beyond. We remain committed to be there for our customers, our employees, our partners and our stakeholders for the long-term.