Compliance Manager, Malaysia (Kuala Lumpur)

Reporting to the Regional Head of Compliance Asia Pacific, the job holder based in Malaysia Kuala Lumpur will ensure that the Company is conducting its business in full compliance with all national laws and regulations that pertain to its particular industries, as well as professional standards, accepted business practices, and internal standards.

Compliance Management in Malaysia, Indonesia and Philippines

Control:

• Identify and evaluate the non-compliance risk at country level
• Develop, oversee and evaluate the efficiency of control systems continuously to prevent or deal with violations of legal guidelines and internal policies
• Ensure Level 1 & 2 controls on compliance are carried out
• Follow up the effective implementation of audit recommendations within the established timeframe
• Identify, coordinate and undertake projects as needed to improve process and application of Compliance’s policies and procedures

Implement:

• Implement the Coface-wide compliance program, supporting the business units and setting common compliance priorities and standards for the region businesses
• Take responsibility to ensure that each business units implement the elements of the Coface-required compliance policies, taking into account local regulations if they are stricter and those which are not addressed in any of the Coface required compliance policies
• Take responsibility to ensure that business units under your supervision implement local regulations which are not addressed in any of the Coface required compliance policies
• Assist the Compliance Head, Asia Pacific to complete the annual compliance plan

Advise:

• Assist the local management on business ethics and financial security issues (e.g. money laundering, terrorism, corruption, frauds)
• Provide compliance advice for new products and/or distribution channels in coordination with Regional Legal Department
• Ensure country regulatory watch, keeping abreast of regulatory developments as well as evolving best practices in compliance control
• Contribute to draft reports to regulatory authorities, where required
• Assisting with periodic reviews and updates in accordance with regulatory change or upon advice received by Compliance colleagues
• Collaborating with the relevant Compliance Officers and other business contacts as appropriate

Train:

• Ensure that Coface employees are trained and educated about legal, regulatory and policy requirements, aware of new risks, and committed to Coface's culture of compliance
• Takes responsibility for rolling-out the Regional and/or Group communication and training strategy adapting to local management and/or employees
• Educate the employees and implement practices that will ensure the highest possible level of compliance
• Ensure adaptation of compliance communication and training actions for local management and/or employees
• Act as a lead in training and coaching compliance personnel in order to maximize team efficiency

Report:

• Report to Regional Head of Compliance, Asia Pacific, and local management on compliance breaches and document agreed-upon remedial actions
• Prepare presentations to communicate results and findings of controls and, where required, an Action Plan
• Conduct/participate to the compliance network activities through ad-hoc tools
• Prepare reports for local management and external regulatory bodies as appropriate

Requirements:

• Minimum 12 years' solid experience and expertise in compliance management in highly regulated Financial Services companies is essential.
• Prior experience in Insurance/TCI industry and multicultural/international corporate environment and possess legal and/or audit knowledge will be a plus.
• Experience in dealing with investigations and regulatory issues
• Strong analytical and problem-solving skills and good presentation skills
• Strong project management skills and execution focus
• Master Degree in Business Administration or Law

Interested parties can send their updated CV with their current and expected salaries to [email protected]