This position supports the APAC Chief Compliance Officers in managing Financial Crimes risk across Life and General Insurance markets in APAC and Compliance risks in Life Insurance markets globally.
Responsibilities:
Financial Crimes Risks – APAC markets
- Manage inquiries and escalations on matters pertaining to Anti-Bribery & Corruption (gifts, entertainment, travel, etc.) and Sanctions (permissions for cover and payments in red flag jurisdictions, alternative sanctions exclusionary language in contracts, etc.).
- Conduct quality assurance of sanctions screening clearances across all platforms.
- Manage SDN matches from automated and manual sanctions screenings.
- Advise on Sanctions screening software connectivity across Chubb and with TPAs’ IT systems.
- Set standards and maintain APAC procedures on Financial Crimes Risks for APAC markets.
- Conduct Financial Crimes risk assessments, identify vulnerabilities, and develop strategies to mitigate risks.
- Prepare and deliver Financial Crimes Risk management reports.
Compliance Risks – Global Life markets
- Advise business units on initiatives and services provided to Global Life markets, embedding risk and control ownership in 1LOD.
- Support markets’ compliance teams in managing Compliance risks.
- Set standards and maintain procedures on Compliance Risks.
- Conduct Compliance Risk assessments, identify vulnerabilities, and develop strategies to mitigate risks.
- Prepare and deliver Compliance Risk management reports.
- Qualification: Bachelor’s degree in Law, Business, or related fields.
- Professional Knowledge and Experience: Sound understanding of life and general insurance regulations, international laws and ethical best practices. Minimum 10 years of experience in the insurance industry. Proven experience in risk management.
- Analytical Skill: Systematic, meticulous while focusing on the big picture
- Drive: Motivated to make a difference
- Operational Excellence and Execution: Strong follow-through skills and timely submission of deliverables
- Teamwork: Excel individually or as part of a team
- Integrity and Professionalism: Highest levels
- Interpersonal: Influential and amicable
- Problem Solving: Ability to come up with efficient and effective solutions independently
- Initiative: Self-starter and takes ownership of initiatives
- Energy and Flexibility: Ability to operate in a fast-paced environment, open to alternative views and solutions
- Resilience and Stress Tolerance: Maintain a positive mindset while managing multiple priorities within tight deadlines
- Change Management: Adaptable to changes and ability to influence others in accepting changes
- Language and Communication: Proficient in written and spoken English. Additional Asia language skills would be advantageous
Skills Required
- Bachelor's degree in Law, Business, or related fields
- Minimum 10 years of experience in the insurance industry
What We Do
Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs 31,000 people worldwide. Additional information can be found at: chubb.com.
