Responsible for regulatory compliance matters pertaining to insurance product offerings, sales, and distribution.
Develop and oversee robust compliance programs that effectively address market conduct, regulatory requirements, and internal policies.
Ensure strict adherence to statutory, regulatory, and internal requirements, with a particular focus on product compliance, sales compliance, sales conduct risk.
Provide advisory services and guidance to all business units regarding financial crime risks.
Conduct transaction monitoring, fraud investigation, and suspicious transaction reporting as necessary.
Oversee policy governance and compliance review processes to ensure adherence to regulatory standards.
Collaborate with regulators on compliance matters and maintain a comprehensive understanding of the Hong Kong AML/CFT regulatory framework.
Provide support to various business initiatives by providing valuable compliance insights and guidance.
Foster a culture of compliance awareness throughout the organization by organizing and facilitating compliance training sessions and conducting regular compliance reviews.
Develop and implement monitoring mechanisms to assess and maintain compliance with statutory, regulatory, and internal requirements across all aspects of the company's operations.
Stay up-to-date with the latest developments in insurance industry regulations, including changes in laws, regulations, and industry best practices.
Prepare and submit accurate and timely compliance reports to regulatory bodies as required.
Provide comprehensive training and guidance to employees on various compliance-related matters.
Establish and nurture strong relationships with regulatory authorities and effectively handle regulatory inquiries.
Requirements
Possess a Bachelor's degree in Law, Risk Management, Business Administration, or a related field.
Possess a minimum of 5 years of relevant experience in the field of life insurance compliance.
Familiar with the insurance regulatory framework of Insurance Authority and Securities and Futures Ordinance
Candidates with an audit background and solid experience in market conduct, product, and marketing materials review will be given preference.
Proficient in both spoken and written English, as well as Chinese (Cantonese and Mandarin) languages.
In-depth knowledge of insurance regulations and industry best practices.