Assistant Vice President (GRM - Group Regulatory Compliance) at Great Eastern Life Assurance Co Ltd

Cuenca, Azuay, Ecuador -

Full Time

Start Date

Immediate

Expiry Date

22 Apr, 26

Salary

0.0

Posted On

22 Jan, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Regulatory Compliance, Insurance Act, Financial Advisers Act, Analytical Skills, Problem Solving, Communication Skills, Interpersonal Skills, Relationship Building, Multi-tasking, Adaptability, Integrity, Accountability, Proactivity, Resourcefulness, Oversight, Risk Management

Industry

Insurance

Description

You will be part of a team to drive and implement the Compliance Risk Management Framework and compliance requirements for all GE entities within the Group, by effectively supporting the business units in their duty to comply with relevant laws and regulations Key regulatory liaison with MAS, LIA, GIA and any other authorities which include coordination and facilitation with business stakeholders on inspections, information requests and queries promptly; Provide compliance advisory on regulatory requirements to business units and be involved in new initiatives/projects to understand business units’ concerns/needs; Provide oversight and support to the local entities on general compliance matters/Group initiatives, including localisation of Group policies, standards and guidelines where required; Identify and assess the impact of any regulatory developments. Keep abreast of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company; Responsible to handle compliance incidents across GE Group. This would include monitoring of the timely compliance events reporting by business units and tracking of resolutions on action plans; Trigger the Compliance Requirement Self Assessments (CRSA) for applicable laws and regulations to impacted business stakeholders to implement the required compliance controls. Support the eGRC system enhancement testing/UAT and provide advice to relevant stakeholders; Responsible for the preparation and coordination of compliance related matters, which shall include arrangement for the management meetings, preparation of meeting materials/ compliance related reports and information gathering; Carry out ad-hoc tasks/projects as requested by the immediate Supervisor and/or Head of Group Regulatory Compliance; Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks; and Highlights any potential concerns /risks and proactively shares best risk management practices. Minimum 8 – 10 years working experience in regulatory compliance in the insurance industry; Sound knowledge of Insurance Act, Financial Advisers Act, Life Insurance Association/General Insurance Association guidelines and best practices affecting the insurance industry; Lead initiatives and self-motivated; Ability to build relationship with internal and external stakeholders; Meticulous, good analytical and problem solving skills; Good communication and interpersonal skills; Able to multi-task and work under pressure; High level of integrity, takes accountability of work; Adaptable to embrace new changes; Able to work independently and collaboratively; Proactive, resourceful and able to multi-task.

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Responsibilities

Drive and implement the Compliance Risk Management Framework for all GE entities, supporting business units in compliance with laws and regulations. Handle compliance incidents, monitor reporting, and provide oversight on compliance matters.