Monroe Consulting Group is recruiting on behalf of Prominent General Insurance in Indonesia. Our respected client is seeking Compliance Manager the job is based in Jakarta, Indonesia.
Responsibilities:
- Stay up-to-date with the latest industry laws, regulations, and guidelines to ensure compliance with legal obligations, including insurance regulations, data protection, anti-money laundering, and consumer protection.
- Develop, implement, and manage comprehensive compliance programs and policies, including conducting compliance risk assessments, internal audits, and training sessions for employees.
- Collaborate with internal stakeholders, including the executive team, underwriters, claims managers, and sales representatives, to provide guidance and ensure compliance across all business operations.
- Monitor and analyze changes in legislation and regulatory requirements to assess their impact on the company's operations and develop appropriate action plans.
- Investigate and address compliance violations, breaches, or potential misconduct, and propose corrective measures to prevent reoccurrence.
- Manage relationships with external regulators, auditors, and legal counsel, ensuring timely and accurate reporting and information exchange.
- Lead internal investigations and respond to inquiries from regulatory authorities, ensuring all documentation and records are appropriately maintained.
- Stay informed about industry best practices, emerging trends, and technological advancements in compliance and legal matters, recommending and implementing relevant improvements.
- Provide guidance and support to cross-functional teams on legal and compliance issues, such as contract negotiations, risk assessments, and regulatory filings.
- Foster a culture of compliance and ethical behavior throughout the organization by promoting awareness, training, and ongoing education initiatives.
Requirements:
- Bachelor's degree in Law, Business, or a related field. Other relevant legal qualification is strong advantage.
- Minimum 8 years of experience in compliance roles within the insurance industry or a similar regulated environment.
- In-depth knowledge of insurance laws, regulations, and compliance standards, including experience with insurance products, underwriting, claims, and distribution channels.
- Strong understanding of regulatory requirements and standards, such as Anti-Money Laundering (AML), and Know Your Customer (KYC) regulations.
- Proven track record of designing and implementing effective compliance programs, policies, and procedures.
- Exceptional communication and interpersonal skills, with the ability to collaborate and build relationships with internal and external stakeholders at all levels of the organization.
- Strong leadership abilities, with the capacity to inspire a culture of compliance and engage employees in ethical practices.
- Detail-oriented mindset, with excellent organizational and problem-solving skills.
- Proficiency in using web research databases and compliance from regulator bodies.
