Prudentials purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our peoples career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.
Assist in designing and implementing compliance programmes, policies and procedures to ensure that the Business Functions conduct their business operations ethically and in accordance with applicable local laws, regulations, guidelines and regional compliance standards.
Principal Duties & Responsibilities
- Assist to conduct reviews of Regulatory Requirement Self-Assessment (RRSA)
- Assist in reporting to GHO Compliance and to Senior Management, any compliance breaches, or potential breaches of regulations.
- Disseminate regulatory changes (BNM/LIAM & PIAM) to Business Functions at least on a weekly basis.
- Keep track of reply/notification/correspondence from the relevant Business Functions to BNM, LIAM and PIAM circulars or correspondences.
- Represent compliance as risk coordinator e.g. attend monthly risk coordinator meetings/training, co-ordinate Annual RCSA attestation, Annual Turnbull/GGM attestation.
- Provide regulatory compliance support, guidance and advice to Business Functions regarding regulatory changes and updates.
- Assist in coordinating gaps analysis on regulatory changes with the relevant Business Functions and track action plans to closure.
- Assist in preparing compliance reports to Audit Committee, EXCO, GHO Compliance or any other relevant stakeholders.
- Conduct compliance training to the relevant Business Functions to improve their understanding on governing regulatory requirements. Update compliance training materials, as appropriate.
- Assist to plan and conduct compliance review in accordance with the Annual Compliance Plan. Prepare review reports with recommendations.
- Assist to develop or update Regulatory Compliance procedures and checklists.
JOB SPECIFICATION
- Degree in Accounting, Finance, Law, Business, or other related discipline.
- At least 4 years experience in compliance, audit, legal or a regulatory compliance related role; related working experience in insurance or banking would be an advantage.
- Good knowledge of regulatory guidelines governing the insurance industry or banking or other related financial services.
- Good knowledge of insurance or banking or other related financial services operations.
- Experience in compliance risk management.
- Good communication and interpersonal skills with ability to work effectively in a team and manage stakeholders.
- Ability to recommend a pragmatic approach for problem solving.
- Ability to work in a demanding and collaborative environment.
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.
