Develop and implement a comprehensive compliance program for insurance and investment products offered by the bank.
Stay updated with relevant laws, regulations, and industry practices in the insurance and investment sectors, ensuring compliance across the organization.
Provide strategic guidance to senior management on compliance-related matters, highlighting potential risks and recommending appropriate actions.
Oversee the development and implementation of policies, procedures, and controls to mitigate compliance risks within insurance and investment operations.
Lead a team of compliance professionals, providing direction, guidance, and support to ensure effective compliance management.
Conduct regular compliance assessments, audits, and reviews to identify compliance gaps and recommend corrective actions.
Collaborate with internal stakeholders, including business units, legal, risk management, and internal audit, to ensure a coordinated and integrated approach to compliance.
Establish and nurture relationships with regulatory authorities and industry associations, staying informed about regulatory developments and participating in industry forums.
Provide training and awareness programs to employees on compliance requirements and best practices within the insurance and investment domains.
Monitor and report on compliance metrics, trends, and issues to senior management and the board of directors.
Qualifications:
Bachelor's degree in finance, business administration, law, or a related field. A relevant advanced degree is a plus.
Extensive experience 12+ years in compliance within the insurance and investment sectors, preferably within a retail banking environment.
In-depth knowledge of relevant regulatory requirements, laws, and industry best practices pertaining to insurance and investment products in the retail banking space.
Strong leadership and management skills, with the ability to effectively lead and motivate a team of compliance professionals.
Excellent problem-solving and analytical abilities, with a keen eye for identifying and mitigating compliance risks.
Exceptional communication and interpersonal skills, with the ability to read and write in English and Chinese
Proven track record of implementing compliance programs, policies, and controls within a complex organizational structure.
Demonstrated ability to adapt to a changing regulatory environment and effectively manage multiple priorities.