Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.
AVP – Regulatory Compliance and AML/ABC Team Lead
Key Accountabilities:
Regulatory Compliance Team Lead
- To improve the insurance sales process across all stages of the sales lifecycle.
- To oversight regulatory compliance and sales conduct team and coordinate with HODs to ensure all tasks is complete as planned
- To review and manage all related reports submitting to group compliance and regulator in a timely manner.
- To set up a Compliance program and/or procedure to prevent, monitor and detect any potential risk of mis-selling or misconduct.
- To coordinate, build and maintain good relationships with the regulators and Group Compliance.
- To attend the relevant meeting and provide compliance consultations to customers (colleagues)
- To prepare the report relating to the scope areas to the management, committee, group and/or company director
- To prepare the annual compliance plan relating to regulatory compliance and market conduct to come up with the annual compliance plan for Head of Compliance, CEO, Regional Compliance and Audit Committee (AC) review and approval.
- To complete the related activities laid down in Annual Compliance Plan within timeline
- To supervise, coach, and manage subordinates to develop particular knowledge and skill following Performance Management to achieve the objectives.
- To comply with the assignment requested by Head of Compliance, and/or CRO
AML/ABC Team Lead
- To lead the effective implementation of end-to-end AML/ABC/ FC framework (i.e. from policy drafting to conduct training and awareness)
- To be accountable on all job assignments and routine tasks done by direct reporting line AML, ABC, and Financial Crimes functions.
- To prepare the annual AML/ABC/financial crime components of compliance plan to come up with the annual compliance plan for Head of Compliance, CEO, Regional Compliance and Audit Committee (AC) review and approval.
- To complete the related activities laid down in Annual Compliance Plan within timeline
- To submit Management Information Reporting and carry out relevant analysis
- To coordinate, build and maintain good relationships with the regulators and Group Compliance.
- To ensure that effective training on AML, ABC, and FC to the required audiences and intervals as required
- To supervise, coach, and manage subordinates to develop particular knowledge and skill following Performance Management to achieve the objectives.
- To deal with outsourcing business (if any) regarding due diligence arrangement with corrective action plan and timelines for closing the gap.
- To prepare the report relating to the scope areas to the management, committee, group and
- To comply with the assignment requested by Head of Compliance, and/or CRO
Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.
Skills Required
- Experience in regulatory compliance within the financial services industry
- Knowledge of Anti-Money Laundering (AML) and Anti-Bribery and Corruption (ABC) legislation
- Ability to lead a team and manage compliance projects
What We Do
In Asia and Africa, Prudential has been providing familiar, trusted financial security to people for 100 years. Today, headquartered in Hong Kong and London, we are ranked top three in 12 Asian markets with 18 million customers, around 68,000 average monthly active agents and access to over 27,000 bank branches in the region. Prudential is focused on opportunities in the most exciting growth markets in Asia and Africa. With access to over 4 billion people in both these regions, we are investing in broadening our presence and building our leadership in the life and asset management markets. We are committed to making a positive impact on our customers, our employees and our communities by delivering the best savings, health and protection solutions to people so they can get the most out of life. Visit our websites for more information Prudential plc: https://www.prudentialplc.com/ Prudence Foundation: https://www.prudentialplc.com/en/prudence-foundation
