Senior Legal and Compliance Officer

Job Description

• Review and assess internal policies, procedures, guidelines, products, forms, marketing materials,

and operational processes to ensure compliance with applicable insurance laws, regulations,
regulatory guidelines, and internal policies.

• Monitor changes in laws, regulations, and regulatory requirements issued by relevant authorities

and provide timely updates, guidance, and recommendations to Management and relevant
departments.

• Conduct compliance reviews and monitoring activities to assess adherence to regulatory

requirements, company policies, and established controls, and recommend corrective actions where
necessary.

• Assist in the development, implementation, and enhancement of the Company& compliance framework, policies, procedures, and control measures.
• Provide compliance advice and support to business units regarding new products, initiatives, promotional campaigns, partnerships, and operational matters.
• Prepare and coordinate regulatory reports, returns, notifications, and correspondence with regulators and ensure timely submission in accordance with applicable requirements.
• Support the implementation and monitoring of AML/CFT, sanctions compliance, customer due diligence (CDD), and other financial crime compliance requirements.
• Investigate compliance breaches, regulatory issues, customer complaints, and compliance incidents, and recommend appropriate remediation and preventive measures.
• Maintain and monitor compliance registers, including regulatory obligations, compliance breaches, complaints, conflicts of interest, and action-tracking records.
• Conduct compliance risk assessments and assist Management in identifying, evaluating, and mitigating compliance risks across the organization.
• Deliver compliance awareness programs, training, and guidance to employees to promote a strong compliance culture within the Company.
• Liaise with regulators, external auditors, internal auditors, and other stakeholders on compliance-related matters, inspections, and regulatory examinations.
• Assist in regulatory inspections, audits, and compliance reviews, including coordinating responses and tracking remediation actions.
• Prepare periodic compliance reports for Management, the Risk Committee, and the Board of Directors on compliance activities, regulatory developments, compliance risks, and key compliance issues.
• Maintain proper records and documentation relating to compliance activities, regulatory communications, monitoring reviews, investigations, and regulatory submissions.
• Perform any other duties and responsibilities assigned by Supervisor.

Job Requirements

• Undergraduate degree in law or equivalent in related fields.
• Minimum 2 years of experience working in insurance, financial industry or related industries.
• Proactive in delivering assigned work with quality and timeliness.
• Able to understand and adapt to the corporate culture Strong communication skills and a collaborative team spirit.
• Good English skill for both verbal and written communication.
• Strong legal research and drafting skills.
• Problem-solving ability.
• Women and People with Disabilities are Encouraged to Apply!