Bring your career aspirations to life with AIA!

1. Being the KPIC of AIA Everest and Compliance Head of Macau, leads and oversees the compliance function by establishing and formulating the standards, policies and procedures to ensure the compliance with legal and regulatory requirements for both HK/Macau jurisdiction
2. Support Pension Trustee CEO and Chief Risk Officer to lead pension compliance team and work in partnership with the business, and working closely with teams in Risk and Compliance Dept as the second line of defence, to ensure that all regulatory and compliance risk is effectively assessed, identified, mitigated and controlled
3. Support Head of Compliance and Group Compliance to ensure that AIAHK & Macau operates in accordance with the Group Policies and guidelines and local regulatory requirements in Corporate Compliance SME areas and towards this end, driving and overseeing implementation of compliance framework in these areas

Roles and Responsibilities:

a)  Regulatory Compliance Framework

Effective implementation of regulatory compliance framework in AIA Everest, Macau and Trustee to ensure all relevant regulatory developments are properly identified and addressed by relevant parties.  Major regulatory development including but not limited to the new Guidelines issued by IA, AMCM and MPFA

• Design and manage an effective regulatory compliance framework, including timely tracking and reporting of regulatory developments and potential developments

• Continue enhancing the protocols of maintenance of the Regulatory Database Liaise with Law, Group Compliance to ensure timely, completeness and quality of input.  Support reporting on regulatory development

• Provide high-level eGRC Program to ensure all relevant regulatory requirements as identified and addressed by respective workstreams and the actions proposed are appropriate and adequate

• Oversee and set out trustee service monitoring framework to ensure trustee’s fiduciary duties are fulfilled including safeguarding of members’ interests, supervision of appointed service providers, separation and segregation of trust assets, etc.

• Keep abreast of regulatory development on trusts and approved trustee role, take any necessary actions to implement in meeting any related requirements and upkeep maintenance of relevant trust licenses

b)  AML/CFT Compliance Program

Effective implementation of AML/CFT compliance policies and related procedures to address key compliance risks identified so that there will be no significant AML compliance failure or regulatory breach that results in fines or penalty

• Implement effective AML compliance program for changes in laws and regulations under assigned Subject Matter Expert area impacting AIAHK and AIA Macau

• Closely monitor all AML activities as Insurance MLCO (IA) and Trustee MLCO (Company Registry)

• Maintain good working relationship with IIA’s, CR’s and AMCM’s AML team

• To implement technology to assist business to implement smart KYC and AML measures

• As back up MLROs when it is required and support Macau AMLCO

c)  Compliance Policies/ Guidelines Implementation and Second Line of Defense Monitoring

Assists direct manager to design and implement Compliance Policies and Guidelines (including but not limit to Group FATCA Compliance Program and local CRS compliance program) to AIA Everest, Macau and Trustee and performs risk-based monitoring program in order to ensure existing and new regulatory requirements are complied with.  Key responsibilities and activities include:

• Supports direct manager to implement Compliance Policies and Guidelines, including perform gap analysis and provide training to business units

• Effective implementation of FATCA and Common Reporting Standard to both AIAHK and AIA Macau branches

• Designs and implements risk-based compliance monitoring programs (including data mining and analysis) for identification of deficiencies and to test adherence to the Compliance Policies and Guidelines

• Ensure compliance of AIA Privacy Program and local privacy requirements and handling with Law Enforcement Authorities

• Ensure facilitate compliance of Records Management Standards

• Oversee monitoring to ensure compliance of third party service providers to trustee including fund administrators, fund managers, custodians, operation administrators, outsourced vendors, etc.

• Oversee compliance reviews performed on trustee and provide support to the monitoring program and assurance on the implementation of remedial actions on any non-compliance issues

d)  Compliance Policies/ Guidelines Implementation and Second Line of Defense Monitoring

• Assess the Conflict of Interest Declaration and Gift and Entertainment submission to ensure Code of Conduct requirements are complied

• Support management for complex fraud or whistle-blowing investigation

• Oversee and advise on supervision of Principal Intermediary over their MPF licensed subsidiary intermediaries and their compliance with sales conduct guidelines

e)  Engagement with business units and Marketing Materials Review

Engages with business units (e.g. assigned business unit such as Marketing) and support Sales Compliance team (where necessary) to provide advice and solutions to manage compliance and regulatory risks in areas acting as SME in order to support quality business growth.  Key responsibilities and activities include:

• Provides compliance risk assessment regarding their business initiatives and proposes business solutions, including but not limit to initiative of Vitality program, marketing program and Partnership Distribution program

• Raises awareness of the business units concerning the three-line of defense risk management model

• Identifies issues and concerns for discussion in the bi-monthly engagement meetings

• Review marketing materials to ensure they are appropriate, not misleading and disclosure are sufficient and comply with regulatory requirements

f)  Incident Management and Compliance Reporting

Assists in the investigation, analysis and reporting of compliance incidents in areas acting as the Subject Matter Expert to ensure regulatory breaches or significant compliance matters are properly dealt with.  Key activities include:

• Investigates and analyzes nature of incidents, including identification of root causes and remedial actions

• Reports compliance incidents in accordance with the AIA Group Compliance Reporting Protocol and monitors implementation of remedial actions by responsible business processes owners

• Identifies risks and updates assessment on compliance risks, controls and actions for areas acting as the SME in the Risk and Control Assessment (RCA) System

g)  Contribution to department and cross team support

• Views beyond own work and applies cross-functional knowledge when making decisions.  Maintains positive relationships with a network of diverse contacts

• Support departmental initiatives, including but not limited to accurate and appropriate compliance risk reporting and input on compliance communication/ awareness activities and plan/deliver relevant compliance training

• Develop talents and support high potential compliance team members and coach them to achieve the next level in AIA Compliance team

Minimum Job requirements:

• Bachelor’s degree in Accounting, Finance, Law or Business with a minimum of 20 years solid working experience in the financial services industry focused on compliance, risk management, legal and/ or internal controls. Experience on Macau regulatory regime is an advantage

• Professional qualification in life insurance, Compliance, Internal Audit or related disciplines is preferred

• Certified AML specialist qualifications is an advantage

• In-depth understanding of insurance business/Pension is preferred

• Proficient in use of data mining and analysis tool, data privacy is an advantage

• Good interpersonal and communication skills and self-motivated

• Good written and spoken communication skills in English and Chinese

• Independent and be able to work under pressure

• Be organized, detail-oriented and with good problem solving skills

• High level of integrity and take ownership and accountability of results

Others:

• You are required to obtain relevant licence if your job involves in regulated activities

• Ensure team members who perform regulated activities have obtained the relevant licenses and fulfilled the licensing requirements

Build a career with us as we help our customers and the community live healthier, longer, better lives.

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