Compliance Specialist

We are seeking a Compliance Specialist to support the Associate Director, Corporate Compliance and partner with other Compliance functional leads to ensure AIAHK & Macau operates in accordance with the Group Policies and guidelines and local regulatory requirements.

The successful candidate will drive the implementation of a fit-for-purpose compliance framework on regulatory compliance programs, including:

• Code of Conduct
• Regulatory Compliance Reporting and Governance
• Outsourcing
• FATCA, CRS and Gifts & Entertainment (G&E)
• Regulatory Compliance projects and regional initiatives as assigned from time to time (e.g. PIPL, cross-border data transfer and regional privacy programs)

The role will also coordinate with other Compliance functional leads to manage compliance governance reporting, inclusive of compliance reports made to Boards and committees covered by AIAHK.

Responsibilities:

• Act as a key Subject Matter Expert (SME) for CRS/FATCA and/or Outsourcing compliance and provide advice to business and functional stakeholders on applicable regulatory requirements, Group policies and internal standards.
• Support the implementation, maintenance and continuous enhancement of the CRS/FATCA and/or Outsourcing compliance frameworks, procedures, controls and governance arrangements.
• Provide compliance oversight and advice on due diligence, self-certification, account holder classification, reporting requirements and other implementation matters, and coordinate with relevant stakeholders to address identified issues.
• Monitor developments in CRS/FATCA requirements and support impact assessments and implementation of regulatory changes.
• Provide compliance advice on the assessment and ongoing oversight of outsourcing arrangements, including regulatory requirements, governance, risk assessment and applicable notification or reporting requirements.
• Support relevant governance forums and management reporting for CRS/FATCA and/or Outsourcing, including escalation and follow-up of material issues and remediation actions.
• Develop and maintain relevant guidelines, procedures, templates and training materials and conduct risk-based monitoring to assess compliance with applicable CRS/FATCA and/or Outsourcing requirements.

Requirements:

• Proven experience as a compliance professional in a financial institution, with at least 6 years of relevant experience.
• Degree qualified, professional qualifications in accounting, audit or law highly regarded.
• Strong knowledge in Hong Kong and Macau insurance and pension related regulations, including practical experience in insurance operations.
• Possesses an analytical mindset with excellent organisational skills. Demonstrated applied knowledge in data analytics highly preferred.
• Outstanding communication and interpersonal abilities.
• Attention to detail.
• Demonstrated ability to influence peers and senior management on compliance risk issues.