Job purpose:
To lead in the design and embedding of a risk based Compliance Management Framework that:
- Identifies the most important Compliance requirements, both corporate and distribution, and the risks involved
- Effectively mitigate Compliance risks by translating Compliance requirements into policies, procedures, training and controls
- Assist the Line 1.5 function across Business Units to ensure delivery of their mandate in compliance with the Non-Financial Risk Management Program
- Monitors the effectiveness and efficiencies of Compliance procedures and controls.
- Facilitates strong and effective relationships with regulators and industry
- Provide concise and effective reporting to Management, Committees and Board.
Reports to the Country Chief General Counsel and Chief Compliance Officer with a matrix line to the Group Chief Compliance Officer.
Supervises and mentors the Compliance personnel to ensure their career development within the organization.
Key responsibilities:
- Design and implement corporate and regulatory, financial crimes, and distribution compliance requirements and monitor its effectiveness.
- Develop and execute the annual compliance plan agreed with local management, Group Compliance and relevant committee.
- Manage Negative Feedback / Complaints / Reports escalated by different channels relative to potential sales malpractice cases and Speak Up Complaints/Reports referred by GO Compliance from Cockpit.
- Provide compliance advice on new product launches, marketing materials and campaigns, establishment of new business relationships and new business units necessary to empower Line 1, e.g., Line 1.5, mergers and acquisitions, sales process, sales misconduct investigations, new systems and processes, projects etc.), and where required, provide compliance challenge and approval to ensure business decisions are in line with internal and external requirements.
- Promote and sustain an effective compliance culture.
- Report to FWD PH senior management, relevant Boards or committees, and Group Compliance on the key compliance and regulatory risks impacting the BU, progress of the annual compliance plan, and overall effectiveness of compliance risk management across the BU (refer to section 6 for further details)
Experience:
6-8 years experience in Legal, Compliance, Risk, or Audit work
Able to understand, interpret and implement relevant regulatory guidelines and standards
Experience in embedding, designing implementing and monitoring compliance policies and procedures
Excellent decision maker with the ability to manage multiple tasks
Excellent interpersonal, communication, negotiation, and management skills
