Assistant Manager, Regulatory Compliance

Discover the GREAT in your career.

As a LIFE company, our customers are at the heart of all that we do. Being one of Asia’s leading insurer for over a century, we have built a long-lasting legacy of trust with our customers over many generations. At the foundation of this trust is Integrity, Initiative, and Involvement – from the way we treat every customer relationship with honesty and transparency, to our proactive approach of delivering the best possible solutions in both life and general insurance.

Integrity, Initiative, and Involvement is what guides us. It is what makes us do the right thing, take the lead, and choose ‘we’ over ‘me’. Our mission is to make life great for our customers because we understand what matters most to them, and we know how to help them protect it.

If you are looking to grow in an enriching career filled with opportunities and potential, we are seeking an experienced professional to join our team as Assistant Manager, Regulatory Compliance.

Job Purpose

Assist to ensure effective management of the local Compliance function which act as a 2nd line of defence in the company.

To provide advice & support to Management as well as to monitor and ensure that business operates within the internal and external rules.

The Role

• Assist in the preparation of regulatory-related reporting for Compliance function.
• Provide regulatory advice to all business units for standard and non-complicated BAU matters.
• Be the main liaison party in relation to Regulatory Compliance matters, including the publication of new regulations to all DCOs and related parties.
• Handling and maintenance of the regulatory notices / guidelines / circulars / legislations.
• Assist in compliance review, validation and to facilitate request for attestation.
• Assist in Financial Holding Company Act attestation and Great Eastern Holding Self-Attestation Certificate process rolled out by the Group.
• Assist in adhoc request from BNM, Group, Management and the Board.
• Training / awareness to Regulatory Compliance Officers, DCOs and staff.
• Handling and escalation of compliance breaches and issues.
• Work with DCOs and relevant stakeholders for proper handling of compliance issues and action plans closure.
• Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
• Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
• Highlights any potential concerns /risks and proactively shares best risk management practices.

The Person

• Tertiary or professional qualification in Accountancy, Finance, Business or equivalent professional qualifications.
• At least 3 - 5 years in compliance, risk management, audit, insurance or banking industry.
• Knowledge on insurance related law and insurance industry regulations and other core regulations.
• Good written & communication skills, analytical & details oriented, excellent interpersonal skills & able to interact with all staff including senior management.
• Probing nature and patience.
• High level of integrity, takes accountability of work and good attitude over teamwork.
• Takes initiative to improve current state of things and adaptable to embrace new changes.

Great Eastern Malaysia is committed to Equal Employment Opportunity, and all qualified applicants shall receive a fair and equal consideration for employment.

Location: HQ, Kuala Lumpur

Entity: Great Eastern Life Malaysia

Employment Type: Permanent

To all recruitment agencies: Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.

About Great Eastern

Established in 1908, Great Eastern places customers at the heart of everything we do. Our legacy extends beyond our products and services to our culture, which is defined by our core values and how we work. As champions of Integrity, Initiative and Involvement, our core values act as a compass, guiding and inspiring us to embrace the behaviours associated with each value, upholding our promise to our customers - to continue doing our best for them in a sustainable manner.

We work collaboratively with our stakeholders to look for candidates who exhibit or have the potential to embrace our core values and associated behaviours, as these are the key traits that we expect from our employees as they develop their careers with us.

We embrace inclusivity, giving all employees an equal opportunity to shine and play their role in exploring possibilities to deliver innovative insurance solutions.

Since 2018, Great Eastern has been a signatory to the United Nations (UN) Principles of Sustainable Insurance. Our sustainability approach around environmental, social, and governance (ESG) considerations play a key role in every business decision we make. We are committed to being a sustainability-driven company to achieve a low-carbon economy by managing the environmental footprint of our operations and incorporating ESG considerations in our investment portfolios; improving people’s lives by actively helping customers live healthier, better and longer; and drive responsible business practices through material ESG risk management.