Manager - Regulatory Compliance

Prudential's purpose is to help people get the most out of life. We will deliver our purpose by creating a culture in which diversity is celebrated and inclusion assured, for our colleagues, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and in exchange, we support our people's career ambitions. We pledge to make Prudential a place where you can Connect, Grow and Succeed.
to provide customer centric solution and recommendation for new product, new initiatives, and business processes from Compliance perspective
Responsibilities

• Maintain the COSMO system.
• Provide Compliance socialization (as required) to internal PLA/Compliance Coordinator
• Update Compliance SOP in annual basis or if at any time as required by regulation/Prudential standard.
• Support for Compliance Coordinator Framework implementation
• Support preparation of Annual Compliance Plan and TRAC
• Support preparation of compliance reports
• Support the communication and relation between PLA and external key stakeholders, including regulatory bodies and life insurance association.
• Monitoring of the completion of PLA wide SOP Annual Review completion
• Provide compliance advice to mitigate potential regulatory risk relating to business activities with reference to External Regulation, Regional Compliance Standard and other internal regulation through documents review and advisory session with other departments, as part of support to first line compliance.
• Support implementation of PCA Regional Compliance Project (New PCA Regional Compliance Standard Implementation)
• Oversight of Regional Compliance Standard (RCS) Implementation across function (including socialization, workshop, gap analysis and monitor action plan until closure).
• Take the role as PIC in Regulatory Task Force (RTF) Meeting.
• Take the role as Subject Matter Expert (SME) for regulatory assessment (ie. Third Party Risk Assessment for Procurement Department, Compliance Assessment for new initiative)
• Management of Annual Compliance Attestation
• Accountable for Regulatory Changes process, including monitoring new regulation, providing initial review of new regulation, communication to related parties, preparing gap analysis, monitor follow-up action implementation to close gap, providing regulatory compliance report, record-keeping for the evidence related to the regulatory changes process and updating regulatory matrix.
• Initiate meeting/discussion with the respective department to finalize gap impacted to their department and to agreed specific timeline to close gaps by respective departments

Requirements
Qualification

• Detail oriented
• Proficiency in English (spoken and written)
• Good Microsoft Excel Skill
• Proficiency in spoken and written English
• Good communication skill
• Bachelor in Law/Economics/Statistic/Other relevant major from reputable University with GPA not less than 3.00.

Experience

• At least 5 - 10 years working experience in Legal/Compliance/Risk Management/Audit area in Life Insurance Company, other financial institution or Public Accountant Office.

Knowledge

• Internal control framework and risk management
• Ability to work with multiple tasking, proactive and initiatives
• Operation/business process of life insurance
• Life Insurance Regulations
• Risk identification & analysis.
• Insurance Products

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.