Compliance Manager  

You will handle:

• Stay up-to-date with the latest industry laws, regulations, and guidelines to ensure compliance with legal obligations, including insurance regulations, data protection, anti-money laundering, and consumer protection.
• Develop, implement, and manage comprehensive compliance programs and policies, including conducting compliance risk assessments, internal audits, and training sessions for employees.
• Collaborate with internal stakeholders, including the executive team, underwriters, claims managers, and sales representatives, to provide guidance and ensure compliance across all business operations.
• Monitor and analyze changes in legislation and regulatory requirements to assess their impact on the company's operations and develop appropriate action plans.
• Investigate and address compliance violations, breaches, or potential misconduct, and propose corrective measures to prevent reoccurrence.
• Manage relationships with external regulators, auditors, and legal counsel, ensuring timely and accurate reporting and information exchange.
• Lead internal investigations and respond to inquiries from regulatory authorities, ensuring all documentation and records are appropriately maintained.
• Stay informed about industry best practices, emerging trends, and technological advancements in compliance and legal matters, recommending and implementing relevant improvements.
• Provide guidance and support to cross-functional teams on legal and compliance issues, such as contract negotiations, risk assessments, and regulatory filings.
• Foster a culture of compliance and ethical behavior throughout the organization by promoting awareness, training, and ongoing education initiatives.

You need to have:

• Bachelor's degree in Law, Business, or a related field. Other relevant legal qualification is strong advantage.
• Minimum 8 years of experience in compliance roles within the insurance industry or a similar regulated environment.
• In-depth knowledge of insurance laws, regulations, and compliance standards, including experience with insurance products, underwriting, claims, and distribution channels.
• Strong understanding of regulatory requirements and standards, such as Anti-Money Laundering (AML), and Know Your Customer (KYC) regulations.
• Proven track record of designing and implementing effective compliance programs, policies, and procedures.
• Exceptional communication and interpersonal skills, with the ability to collaborate and build relationships with internal and external stakeholders at all levels of the organization.
• Strong leadership abilities, with the capacity to inspire a culture of compliance and engage employees in ethical practices.
• Detail-oriented mindset, with excellent organizational and problem-solving skills.
• Proficiency in using web research databases and compliance from regulator bodies.