Description
We are seeking a highly skilled Regulatory Compliance professional to join our team in Hong Kong. As a Regulatory Compliance specialist, you will play a critical role in ensuring compliance with regulatory requirements and shaping the company's policy development within the insurance industry.
The successful candidate will closely monitor changes in regulatory frameworks and analyse their impact on the business. You will require a thorough understanding of insurance regulations, excellent analytical skills, and the ability to work collaboratively with cross-functional teams.
Responsibilities:
- Provide regulatory advice on group supervision, corporate governance, and statutory reporting requirements
- Collaborate with cross-functional teams to address regulatory-related queries and provide input on the AIA Strategic Plan on regulatory development
- Monitor and analyse regulatory developments, guidelines, and directives impacting the insurance industry
- Stay updated on changes in insurance laws, regulations, and compliance requirements
- Analyse and report on trends in regulatory developments and focus areas
- Research and evaluate existing and emerging regulatory policies and industry best practices
- Collaborate with internal stakeholders to track and participate in regulatory consultations
- Represent AIA in Hong Kong industry consultations
- Provide guidance and recommendations on new regulatory requirement implementation and enforcement
- Assist with disclosures to regulatory bodies
- Prepare reports on regulatory requirements and consultations
- Collaborate with Business Unit and Group Office representatives to collect, analyse, report, and discuss key regulatory concerns and engagements
- Work with Business Units and SMEs to identify common and critical regulatory issues and develop best practices
- Support the Director of Regulatory Affairs with coordination of activities and deliverables for regulators
Requirements:
- Bachelor's degree in Law, Business Administration, Economics, Actuarial, or a related field
- Proven experience in regulatory compliance, policy development, or a related role within the insurance industry
- In-depth knowledge of insurance regulations and understanding of industry trends
- Familiarity with regulatory bodies
- Strong analytical and research skills
- Excellent written and verbal communication skills
- Attention to detail and commitment to accuracy
- Ability to work collaboratively with diverse teams and stakeholders
- Strong organisational and time management skills