Head of Compliance(Insurance) Head of Compliance(Insurance) …

Morgan McKinley
in Hong Kong
Permanent, Full time
Be the first to apply
Competitive
Morgan McKinley
in Hong Kong
Permanent, Full time
Be the first to apply
Competitive
Head of Compliance(Insurance)
Attractive Head of compliance position for a top leading MNC insurer, solicitor qualification is preferred but not necessarily

Job Responsibilities
  • Oversee and ensure that HK's policies, procedures, guidelines and documents are updated as and when required for the business to operate in a legally compliant manner
  • Responsible for corporate governance including maintenance and update of the governance framework, monitoring compliance with requirements in the framework, coordinating governance committee and board member meetings, monitoring certain business processes, and analyzing relevant reports
  • Offer leadership and developmental training and coaching to the compliance teams
  • Manage the overall process for and content of regulatory advice to all levels of the business
  • Assist the business in making decisions and the allocation of regulatory risk
  • Keep abreast of trends and changes in the law and regulation, advising the business accordingly, anticipating issues and implementing robust actions
  • Establish close relationships with L&C teams globally, local business managers and functional heads to ensure that they understand and can manage the effect of external regulatory rules/legislation on their business/department
  • Proactively promote a strong compliance culture such that it positively impacts aspects of the business from the most embryonic stage of product development through to the management of customer relationships (including customer complaints)
  • Ensure resources are properly allocated to effectively implement the compliance strategy and framework and proactively advise if further resources are required
Job Requirements
  • Qualified as a Solicitor or Barrister with at least 10 years post qualification experience - ideally divided between in-house experience in the insurance industry and a major law firm, doing a variety of transactional or regulatory work
  • Demonstrable in-depth understanding of the HK regulatory environment affecting retail insurance/financial services and experience in cutting-edge compliance and dealing with regulators
  • Track record of success working effectively in complex matrix reporting structures across business lines and geographic borders
  • Ability to develop effective teams, with and without formal reporting relationships
  • Good Stakeholders relationship management
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