Assistant Manager, Compliance

Key Objective

Overseeing and ensuring compliance on all Anti-Money Laundering and Economic sanctions screening requirements and regulations of the Group and local country.
Oversight of all obligatory requirements of the Company.
Assisting the management of Compliance Champions’ roles and responsibilities.
Assisting the Compliance function in maintaining an effective and broad based compliance assurance program designed to establish compliance standards and to monitor, detect and prevent compliance deficiencies including recommending corrective actions when necessary to fully meet compliance requirements.
Assisting in initiating, maintaining and revising policies and procedures for the illegal, unethical or improper conduct.
Providing advisory or legal support (where possible) to ensure the Company’s business and operations operate within the relevant legal & regulatory framework of Malaysia and complies with all applicable guidelines.
Managing and handling the team’s administrative work in the department, as well as general support.
Assisting the Chief Legal Officer & Chief Compliance Officer in all other areas that the Legal & Compliance departments are responsible for as and when required.

Major duties and responsibilities

1. Compliance

To be familiar with regulatory developments, new guidelines and perform the necessary gap analysis.
To manage BNM/PIAM’s queries and requests which includes compilation and coordination work.
To have oversight and monitor the Company’s businesses and operations to ensure they comply with the Company’s policies and BNM’s regulations.
To establish and implement control measures and monitor systems and procedures to ensure that the organisation is complying with all laws and regulations, industry codes of conduct and company policie
Ensuring appropriate monitoring and compliance of third-parties engaged by Chubb.
To provide assistance on legal or compliance issues as and when required.
Product Transparency and Disclosure Monitoring. Monitor and make sure product documents such as PDS, marketing materials, call scripts to be reviewed by compliance team before rolling out.
Gifts, Sponsorships, Travels, Lodgings and Entertainment's Approval Monitoring. Tracking of gifts, sponsorships, travels and lodgings given in the past and ensuring that all requests are submitted to compliance for approval.
Reviewing complaints report to identify/detect any compliance breaches or change in compliance risks.
To implement Anti-bribery and Corruption Framework as well as to monitor and test controls put in place under the Framework.

2. Compliance on Anti-Money Laundering and Economic Sanctions

Ensure compliance with the following requirements :
a) BNM Policy Documents on Anti-Money Laundering, Countering Financing of Terrorism and Targeted Financial Sanctions for Financial Institutions (AMLCFT & TFS).
b) Chubb Global Policy on Restrictions on Trading with Certain Countries, Entities and Individuals and other related economic sanctions guidelines.
To act as a reference point for AMLCFT & TFS as well as economic sanctions matters including training of employees and agents, and reporting of suspicious transactions.
To implement the Company’s AMLCFT & TFS policies and Chubb global policies on economic sanctions.
To implement appropriate AMLCFT & TFS as well as economic sanctions procedures, including customer acceptance policy, record-keeping, on-going monitoring, reporting of suspicious transactions and combating the financing of terrorism.
Regularly assess the AMLCFT & TFS mechanism to ensure that it is effective and sufficient in addressing any change in money laundering and financing of terrorism trends.
To ensure that all employees are aware of the Company’s AMLCFT & TFS as well as economic sanctions measures, including policies, control mechanism and the channel of reporting.
To evaluate internally generated suspicious transactions before submission to the Financial Intelligence Unit in BNM.

3. Communication and Training of staff

Instituting and maintaining an effective compliance communication program for the organization, including:
a) promoting use of the compliance hotline,
b) heightened awareness of Code of Conduct, regulatory and statutory requirements, and
c) understanding of new and existing compliance issues and
In coordination with Regional and Global Compliance, working with Human Resources as appropriate to develop an effective
Compliance training program, including appropriate introductory training for new employees as well as ongoing training for all employees and managers. Assuring that training programs are developed and managed appropriate to individuals at all levels. This includes both initial (for a new employee or a change in regulatory, policy or procedures requirement) and periodic training to ensure all employees know their individual responsibilities relative to compliance issues.

4. Reporting

Providing reports on a regular basis, and as directed or requested, to keep management informed of compliance issues and the operation and progress of compliance efforts.
Ensuring proper reporting of violations or potential violations to duly authorized enforcement agencies as appropriate and/or required.

5. Others

Any other duties as assigned from time to time, which may include Legal and administrative work.

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