Role Overview
The Compliance Assistant (CA) will be responsible to support the Compliance Officer for the management and co-ordination of WTW Group Compliance policies and procedures and any applicable regulatory requirements for Willis Malaysia. The person will support the Compliance Officer to ensure that all regulatory requirements are identified, and processes are in place to ensure standards can be met, monitoring is undertaken and guidance and training for improvement provided as necessary. The CA will also assist the management in respect to the relation reporting requirements of local regulator(s) and Group Compliance.
Key duties and responsibilities include but are not limited to:
Regulatory Requirements:
- Assist the Compliance Officer to identify any laws/regulations that are applicable to Willis Malaysia Business & Operation
- Provide support on annual regulatory compliance review with local regulatory obligations, including adherence to licensing requirements in Malaysia.
- Responsible to maintain an updated Compliance internal library and documentation.
- Assist the business in dealing with licensing and other compliance issues, including liaison with overseas counterpart when required.
WTW Group Compliance and Local Compliance Policies and Procedures and Programme:
- Support the Compliance Office to review and update Willis Malaysia Compliance policies and procedures and any internal control and documentation to ensure compliant with relevance with local regulatory environment and Compliance programme
- Provide support to the Business in understanding its responsibilities and obligations under relevant Bank Negara Guidelines and WTW Group policies (e.g. Financial Crime policies/procedures such as Anti-Bribery and Corruption, Sanctions & Export Control, Anti-Money Laundering & Counter-Terrorist Financing and Third Parties); respond to queries on the interpretation of relevant Compliance policies and procedures.
- Assist to implement and effective AMLCTF Compliance programme, and monitor regulatory updates and changes on AMLCTF, and to monitor progress of weekly reporting on Record Keeping by Business
- Discuss promptly with the Compliance Officer on any compliance or regulatory issues arising in the company; ensure reporting of the issue in the appropriate log/ database; and agree the corrective action to be taken including responsibility, timelines, and review date.
- Support Compliance Office to perform Compliance testing and/or monitoring review appropriately and monitor and report progress against the Compliance plan.
- Assist to review business documents such as Business Cases and Promotional Materials on a timely fashion.
- Assist in Compliance updates and communication.
Compliance Training:
- Assist to coordinate WTW Group Compliance training and Local Compliance training, and track completion.
- Responsible to maintain and update Compliance training record.
- Assist to update Compliance local training materials.
Compliance Reporting:
- Ensure all compliance incidents are reported in the appropriate database
- Support the Compliance Officer to develop timely Compliance reports
Manage Internal Relationships:
- Maintain a positive relationship with the Senior Management to assist the interface between Compliance and the Business, Group Compliance, Group Legal, Group Privacy Office, Internal and External Audit.
Requirements
The CA must have the following skills, knowledge, and experience:
Skills
- Proactive rather than reactive
- Team player with good interpersonal and influencing skills.
- Ability to work under pressure to tight timelines and with minimum supervision.
- Organized and methodical
- Excellent analytical problem-solving skills
- Strong communication skills, both orally and in writing
- Commercial awareness a commercial and pragmatic approach to managing Compliance.
- Fluent in business English
- IT literate knowledge of Microsoft Office application
Qualification
- Degree in Law or Risk Management or any related disciplines in Compliance.
- Minimum 3 to 5 years experiences in corporate environment with exposure in Compliance, Corporate Governance, Enterprise Risk Management, Internal Audit &/or any Control functions in the Financial Services industry, Banking, Insurance, or Insurance Broking industry
