Corporate Compliance, Principal (Senior Manager Level)

FIND YOUR 'BETTER' AT AIA We don't simply believe in being 'The Best'. We believe in better - because there's no limit to how far 'better' can take us. We believe in empowering every one of our people to find their 'better' - in the work they do, the career they build, the life they live and the difference they make. So that together we can support even more people - including our own - to live Healthier, Longer, Better Lives. If you believe in better, we'd love to hear from you. About the Role Support Head of Corporate and Pension Compliance to ensure that AIAHK & Macau operates in accordance with the Group Policies and guidelines and local regulatory requirements in the following Subject Matter Expert (SME) areas and towards this end, driving and overseeing implementation of compliance framework in these areas: • Regulatory Compliance framework/ program • FATCA, CRS, outsourcing, records management, anti-corruption and code of conduct • Compliance incidents management and reporting • Other assigned tasks Roles and Responsibilities: Regulatory Compliance Framework Effective implementation of regulatory compliance framework to ensure all relevant regulatory developments are properly identified and addressed by relevant parties.

• Design and lead an effective regulatory compliance framework, including timely tracking and reporting of regulatory developments and potential developments.
• Continue improving the protocols of maintenance of the Regulatory Database. Support reporting on regulatory development.

Regulatory Compliance Program Effective implementation of compliance policies and related procedures to address key compliance risks identified.

• Effective implementation of FATCA and CRS (Common Reporting Standard).
• Implement effective compliance program for changes in laws and regulations under assigned SME areas impacting AIAHK and AIA Macau.

Compliance Policies/ Guidelines Implementation and Second Line of Defense Monitoring Assists direct manager to design and implement Compliance Policies and Guidelines (including but not limit to Group FATCA Compliance Program and local CRS compliance program) to business units and performs risk-based monitoring program in order to ensure existing and new regulatory requirements are aligned with. Key responsibilities and activities include:

• Supports direct manager to implement Compliance Policies and Guidelines, including perform gap analysis and provide training to business units.
• Designs and implements risk-based compliance monitoring programs for identification of deficiencies and to test adherence to the Compliance Policies and Guidelines.
• Assess the Conflict of Interest Declaration and Gift and Entertainment submission to ensure Code of Conduct requirements are complied.

Engagement with Business Units and Compliance Advisory Engages with business units to provide advice and solutions to lead compliance and regulatory risks in areas acting as SME in order to support quality business growth. Key responsibilities and activities include:

• Provides compliance risk assessment regarding their business initiatives and proposes viable business solutions
• Raises awareness of the business units concerning the three-line of defense risk management model
• Identifies issues and concerns for discussion and provide recommendations

Incident Management and Compliance Reporting Assists in the investigation, analysis and reporting of compliance incidents in areas acting as the SME to ensure regulatory breaches or significant compliance matters are properly dealt with. Key activities include:

• Investigates and analyzes nature of incidents, including identification of root causes and remedial actions.
• Reports compliance incidents in accordance with the AIA Group Compliance Reporting Protocol and monitors implementation of remedial actions by responsible business processes owners.
• Identifies risks and updates assessment on compliance risks, controls and actions for areas acting as the SME in the Risk and Control Assessment (RCA) System.

Contribution to Department and Cross Team Support

• Views beyond own work and applies cross-functional knowledge when making decisions. Maintains positive relationships with a network of diverse contacts
• Support departmental initiatives, including but not limited to accurate and appropriate compliance risk reporting and input on compliance communication/ awareness activities and plan/deliver relevant compliance training.

Minimum Job Requirements:

• Bachelor's degree in Accounting, Finance, Law or Business with a minimum of 10 years solid working experience in the financial services industry focused on compliance, risk management, legal and/ or internal controls
• Professional qualification in life insurance, Compliance, Internal Audit or related disciplines is preferred
• In-depth understanding of insurance business is preferred
• Proficient in use of data mining and analysis tool is an advantage
• Good interpersonal and communication skills and self-motivated.
• Good written and spoken communication skills in English and Chinese.
• Independent and be able to work under pressure
• Be organized, detail-oriented and with good problem solving skills
• High level of integrity and take ownership and accountability of results

Others:

• You are required to obtain relevant licence if your job involves in regulated activities

Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives. You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.