Head of Compliance, Malaysia

Posted 10 Hours Ago
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Petaling, Selangor
Expert/Leader
Insurance
The Role
The Head of Compliance role entails developing and implementing a compliance strategy to ensure adherence to legal and regulatory requirements. Responsibilities include advocating compliance initiatives, monitoring compliance risks, overseeing compliance training and reporting, and engaging with senior executives. The role requires a strong focus on continuous improvement and building a compliance culture within the organization.
Summary Generated by Built In

Primary DetailsTime Type: Full time

Worker Type: Employee

Senior leadership role to develop, implement and establish an appropriate and effective compliance strategy, program and infrastructure ensuring adequate controls, procedures and processes are in place. This role is a critical leadership position to advocate, influence and implement an annual compliance strategic plan which aligns with the QBE risk appetite.

Responsibilities :

  • Develop the yearly compliance plan, which is supported by business and risk executives, to guide group and divisional teams through compliance uplift, to ensure business meets its legal and regulatory requirements.
  • Support the translation of QBE vision and strategy into a multi-year group compliance strategy and plan used across QBE.
  • Advocate for the compliance strategic vision to support group and divisional leadership to achieve positive results for the business flowing from deployment of the strategy.
  • Facilitate compliance measurement systems to monitor compliance risk movements and ensure clear and accurate reporting to Board Committees.
  • Architect and oversee a change management capability within Compliance.
  • A trusted advisor to Risk and Compliance Leadership to support maintenance of compliance framework which works in practice and effectively manages compliance risk.
  • Proactively monitor compliance risk appetite and deliver data-based insights to drive ownership and action.
  • Continuous improvement focus to ensure Insight compliance tools are fit for purpose and technology issues are resolved efficiently and effectively.
  • Oversight of the identification, preparation and development of quality compliance training materials to enhance compliance competence and knowledge in the business.
  • Develop, implement and monitor an impactful communications strategy and plan to drive change and capability uplift in Line 1.
  • Proactive and strategic advisor to QBE stakeholders on key Compliance risk areas.
  • Advise and oversee the management of incidents and issues which have a Group/Division-wide impact.
  • Advocacy and leadership to influence and build a strong compliance culture.
  • Develop and execute a regulatory horizon scanning capability within compliance team to support framework evolution.
  • Develop a comprehensive knowledge of external regulatory areas of focus across the globe, internal policy or procedural requirements and translate into programmes of work as required to safeguard QBE.
  • Continuous improvement focus to support delivery of compliance projects.
  • Sponsorship of Compliance Working Groups to facilitate meaningful collaboration and information sharing compliance team representatives.
  • Coach, develop and build compliance capability and team succession plans to ensure talent development, effective skill mobilization and retention.

Requirement:

  • Bachelor's Degree or equivalent combination of education and work experience.
  • 10 + years Compliance experience in financial services Mature stakeholder management skills and experience engaging with C-suite stakeholders.
  • Excellent written and verbal communication skills to share the Group Risk narrative.
  • Demonstrated experience building and maintaining well supported compliance frameworks in matrixed organizations.
  • Experience with regulatory change monitoring, analysis, implementation and reporting.
  • Tertiary qualifications in Law, Business, Commerce or Finance.
  • Strategic focused, Board level reporting experience.
  • Excellent influencing skills.
  • Problem solving skills and solutions mindset.
  • High level of resilience.
  • Leadership and advocacy experience.

Skills:

Analytical Thinking, Communication, Compliance Programs, Critical Thinking, Financial Management, Financial Products, Intentional collaboration, Managing performance, Prioritization, Regulatory Compliance, Risk Management, Stakeholder Management, Strategic Leadership, Team Management, Technical SupportApplication Close Date: 30/12/2024 11:59 PM

How to Apply:

To submit your application, click "Apply" and follow the step by step process.

Equal Employment Opportunity:

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.

The Company
Sydney, New South Wales
11,699 Employees
On-site Workplace
Year Founded: 1886

What We Do

QBE Insurance Group is one of the world's top 20 general insurance and reinsurance companies, with operations in all the key insurance markets. QBE is listed on the Australian Securities Exchange and is headquartered in Sydney. We employ more than 11,000 people in 27 countries.

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