Senior Manager, Compliance
Location: Hong Kong
Type: Full Time
Min. Experience: Manager/Supervisor
Job Summary:
Reporting to Chief Compliance Officer in Liberty’s Hong Kong operations, this role will be responsible for supporting the Chief Compliance Officer to implement and maintain all facets of the Company’s insurance compliance program. You will work closely with the Company’s business stakeholders, Legal and control functions in identifying compliance risks including new legal & regulatory trends and requirements, providing sound compliance advice, monitoring and ensuring the effectiveness of the compliance program. You will also be responsible for assisting to develop or update the Company’s compliance policies and procedures; preparing and submitting regulatory filings; maintaining an effective compliance training program; maintaining communications and record keeping with all relevant regulatory authorities (including the Hong Kong Insurance Authority, aka the IA), as assigned by the Chief Compliance Officer from time to time. You will carry out actions that have an impact upon the rights, privileges and responsibilities of the Company while maintaining high standards of legal, compliance, business ethics and professional responsibility.
Job Responsibilities:
Reporting to Chief Compliance Officer in Liberty’s Hong Kong operations, this role will be responsible for supporting the Chief Compliance Officer to implement and maintain all facets of the Company’s insurance compliance program. You will work closely with the Company’s business stakeholders, Legal and control functions in identifying compliance risks including new legal & regulatory trends and requirements, providing sound compliance advice, monitoring and ensuring the effectiveness of the compliance program. You will also be responsible for assisting to develop or update the Company’s compliance policies and procedures; preparing and submitting regulatory filings; maintaining an effective compliance training program; maintaining communications and record keeping with all relevant regulatory authorities (including the Hong Kong Insurance Authority, aka the IA), as assigned by the Chief Compliance Officer from time to time. You will carry out actions that have an impact upon the rights, privileges and responsibilities of the Company while maintaining high standards of legal, compliance, business ethics and professional responsibility.
Job Responsibilities:
- Support the ongoing reinforcement of the global and local Compliance Programs, and support the Company and relevant stakeholders in local implementation by providing advice and guidance, in compliance with applicable laws, regulations and Global Compliance & Ethics (GC&E) policies;
- Support to develop, update, implement, and maintain local compliance policies with local stakeholders, and ensure that the relevant controls are embedded into business operational processes;
- Perform compliance review on issues, business cases and transactions in relation to AML/CTF, sanctions, anti-corruption, data privacy & protection, fair treatment of customers, etc.;
- Liaise with the relevant departments to prepare the information, materials, and/ or reports as requested by the regulators (including the IA);
- Support to perform an annual compliance risk assessment of the Company, including identification of emerging issues;
- Perform periodic compliance monitoring by reviewing business unit practices against regulatory requirements, report results to Chief Compliance Officer and management and oversee implementation of corrective actions;
- Monitor, in collaboration with local Internal Audit, implementation of compliance policies and procedures;
- Promote Compliance awareness and culture – in view of the Company’s compliance standards, policies, Code of Business Ethics and Conduct and internal policies – through supporting and delivering staff communications and trainings, annual integrity week and compliance educational program;
- Prepare regular reports to GC&E on, among other items, new trends and requirements, compliance incident, emerging risk, misconduct allegations, investigations or discipline related to compliance misconduct; prepare reports to local senior management, Legal and Board of Directors as required or appropriate;
- Assist to escalate matters to GC&E in accordance with written escalation policies and request support from GC&E on any compliance matter as needed;
- Assist Chief Compliance Officer, Corporate Legal and Internal Audit in the investigation of complaints and allegations of violations of the Company’s rules; to identify compliance related findings, prepare communications of conclusions and management recommendations;
- Stay abreast of regulatory requirements, changes and developments of business and operations of the Company; and
- Participate in, provide advice, and/ or coordinate and monitor ad hoc projects assigned.
- Degree holder or above with minimum 6-8 years of compliance/ risk management/ internal audit background within the insurance industry;
- Good knowledge in insurance products and compliance processes;
- Sound knowledge of relevant laws and regulations, e.g., IA, PDPO, etc.;
- Ability to communicate effectively in English, both written & oral; ability to communicate effectively in Cantonese, oral;
- Excellent communication, interpersonal, and influencing skills;
- Excellent analytic, problem-solving, and professional writing skills;
- Advanced proficiency in Microsoft Office applications, including Word, Excel and PowerPoint etc.;
- Eager to learn, a team player and able to work independently;
- Those with less experience will be considered as Manager.
