Role Overview:
Manages a team of compliance professionals to promote a strong compliance culture. The role involves delivering practical regulatory advice, guidance, and training while identifying and managing moderately complex regulatory risks across business operations. This includes implementing policies, processes, and controls aligned with the Compliance Risk Universe, providing strategic advisory on regulatory matters, and engaging with supervisory authorities whenever required.
Key Responsibilities
- Ensure the compliance strategy is aligned with the business strategy, regulatory requirements, and industry trends.
- Promote an ethics-based culture through training and awareness activities, and provide management with relevant metrics.
- Assess new laws and trends, their applicability, and implementation to Zurich's operations in the jurisdiction, in alignment with Legal, to ensure all Compliance Risks are fully identified and managed.
- Provide strategic regulatory compliance advisory across business initiatives ensuring adherence to applicable regulatory requirements. Drive compliance innovation by identifying and implementing technology solutions and/or process enhancements to improve efficiency, strengthen controls, and support proactive compliance risk management.
- Oversee implementation and monitoring of compliance framework, including regulatory implementation, compliance risk indicators, and targeted reviews, to identify potential compliance gaps and collaborate with business units to strengthen governance and regulatory adherence.
- Liaise with relevant business and operational functions to embed Group and local regulatory requirements in business procedures and facilitate the design and implementation of operational controls
- Prepare Management Information and monthly reports for the Group Compliance and relevant Committees.
- Perform Institutional Risk Assessments, identify any gaps, and take necessary actions to close those gaps.
- Conduct internal quality assurance reviews on business processes to ensure compliance with local and Group requirements.
- Perform any other duties or responsibilities as assigned by the supervisor to support departmental objectives and regulatory compliance.
Job Requirements:
- A solid understanding of Insurance and Takaful laws and regulations, best practices in compliance, and knowledge of financial products and systems.
- A Bachelor's degree in Accounting, Finance, Business, or Law, with a minimum of 7 years of relevant experience.
- Deep knowledge of regulatory frameworks governing insurance and financial services, with the ability to navigate and apply evolving laws and guidelines to business operations.
- Strong interpersonal and communication skills, with a self-motivated attitude.
- Proactive, demonstrating initiative and continuously seeking areas for improvement.
- Excellent written and spoken communication skills in English and the local language.
- Strong analytical and presentation skills.
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 mix of customers, and we want our employee base to reflect that.
Our diversity and inclusion initiatives are creating an environment where everyone feels welcome regardless of protected characteristics.
With the above in mind, we accept applications from everyone regardless of your background, beliefs, or culture.
We are committed to continuous improvement, and we offer access to a comprehensive range of training and development opportunities. Zurich is passionate about supporting employees to help others by getting involved in volunteering, charitable and community activity.
So, 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 like to think outside the box and challenge the status quo. We take an optimistic approach by focusing on the positives and constantly asking What can go right We highly value the experience and know-how of our employees and offer a wide range of opportunities across business areas to encourage you to apply for new opportunities within Zurich when you are ready for your next career step. We're proud to have earned Great Place To Work Certification. Our company culture is our top priority! #GPTWcertified
Let's continue to grow together!
Location(s): MY - Kuala Lumpur
Schedule: Full Time
Recruiter name: Jesreena Kaur
