Compliance Officer at Great Eastern Life Assurance Co Ltd

Cuenca, Azuay, Ecuador -

Full Time

Start Date

Immediate

Expiry Date

14 Sep, 26

Salary

0.0

Posted On

16 Jun, 26

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Market Conduct Risk, Compliance Monitoring, Sales Assurance Audits, User Acceptance Testing (UAT), Risk Management, Microsoft Excel, Microsoft Word, Microsoft PowerPoint, Stakeholder Management, AI Tools

Industry

Insurance

Description

Job Purpose Be part of the Group Market Conduct family which strives to safeguard the reputation of the company, through oversight on distribution representatives’ market conduct activities and ensuring enforcement actions taken are fair and appropriate. This position is for a role that sits within the Sales Compliance section with primary functions that consist of market conduct governance, executing the compliance monitoring program, and conduct sales assurance audits that includes Balanced Scorecard program. The Job · Working as a team to execute responsibilities across the entire Group Sales Compliance section with a good understanding of Market Conduct Risk. · Understanding and application of 4 Non sales KPI under the Balanced Scorecard Framework. · BSC documentation reviews, assessment of Client Survey, Mystery Shopping Exercises and reviews Substantiated Complaints. · Takes ownership in handling or escalating queries from stakeholders (including financial representatives and members of the Regional Agency, FA & Bancassurance department). · Performing relevant User Acceptance Testing (UAT) associated with new product releases, system testing. · Exploration of AI tools to streamline processes. · Involvement in ad hoc assignments/reviews (e.g. Assessment of company’s initiatives, Replacement of Policies) and supporting the team in other areas as required. · 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. · Diploma or Degree holder in any discipline · Fresh graduates are welcome to apply · Discipline in meeting strict timeline and goal oriented · Team player, with strong accountability over personal and team deliverables · Demonstrates alignment with the organisation’s core values through expected behaviours. · Proficient in Microsoft applications (e.g. Microsoft Excel, Word, PowerPoint)

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Responsibilities

The role focuses on safeguarding company reputation through market conduct governance and executing compliance monitoring programs. Key duties include conducting sales assurance audits, performing UAT for new products, and mitigating regulatory compliance risks.