We are looking for a Compliance Manager to strengthen MUA’s compliance framework and ensure full adherence to regulatory requirements within the insurance sector.

Main Responsibilities

•  Proactively drive the day-to-day running of Compliance operations.
•  Drive a risk-based compliance culture and methodology across the various entities.
•  Oversee the designing, implementing and maintaining of internal compliance-related policies, procedures and systems.
•  Enhance & regularly review the Business Risk Assessment of MUA entities.
•  Provide guidance to Compliance team members and/or other business stakeholders.
•  Monitor & timely communicate regulatory changes to relevant business stakeholders.
•  Timely perform the FATCA/CRS reporting for MUA entities.
•  Monitor and ensure the timely submission of relevant reports to regulatory authorities and/or enforcement agencies.
•  Supervise the lodging of applications to the Financial Services Commission and/or other regulatory authorities.
•  Timely report compliance breaches/incidents.
•  Assist in the investigations in the event of any compliance related whistleblowing.
•  Supervise the mandatory AML/CFT training (and/or assist in conducting training) for relevant MUA stakeholders, including Directors, Management, employees & Intermediaries.
•  Drive the implementation of compliance awareness sessions/ communications to key stakeholders.
•  Take the lead in the handling of FSC offsite & onsite inspections.
•  Proactively follow up and work on closing compliance-related open audit points (whether from Internal audit or from External auditors) with the Head of LCR.
•  Perform horizon scanning in the Compliance field, including the impact of upcoming developments on AML/CFT (e.g new technologies & systems).
•  Perform the compliance review of reports of various business lines for the Board of Directors and key stakeholders.
•  Be a key point of contact for KYC/EDD/Sanctions related matters.
•  Be proficient with and provide guidance for Worldcheck (or other solution) search, EDD procedures, and other new procedures as applicable.
•  Be responsible for the Compliance reporting to the Head of LCR and ultimately to the Risk & Compliance Committee.
•  Attend Management Committee (Manco) meetings for MUA General Insurance and Life Insurance.
•  Take the Compliance lead on projects requiring compliance input.
•  Ensure provision of compliance advice to relevant stakeholders, by adopting a “compliance as an enabler” mindset.
•  Ensure collaboration with all departments, especially within the LCR team