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This position is responsible for planning and managing the team to provide advice on compliance issues with specialized in data privacy to the various insurance function heads and to ensure that the company's business operations, contracts and policies made are in compliance with all applicable laws, rules, regulations and Allianz Group policies and standards. The scope of works cover all compliance services i.e. Advisory, Risk Identification and Assessment, Monitoring, Promoting a Culture of Integrity & Compliance including compliance reporting.
This compliance function must possess the qualification, experience and knowledge required to manage the Company's compliance risk, monitor the Company's compliance with applicable laws, regulations, internal compliance principles and procedures, advise on the Company's compliance with relevant laws and regulations and assess the impact of any changes of applicable laws and regulations.
Your Day at Allianz Ayudhya
- Provision of proactive and reactive service on Compliance issue
- Define the Company compliance strategy and rules which include specifications, policies and standards in alignment with the regulatory rules and regulations and Allianz Group policies.
- Identify and monitor compliance issues to ensure that appropriate action is taken where needed
- Provide high quality advise and consultation to key management and Division head on compliance issues
- Perform compliance review and compliance risk assessment to ensure adequate compliance control is in place.
- Coordinate and develop Compliance support and arrangement with other Compliance teams in Group Compliance
- Establishment of awareness and understanding of Compliance by developing appropriate Compliance training programs
- Develop compliance training program to meet the local regulatory and Allianz Group requirements and standard.
- Ensure that the training / refresher training on Compliance/DP topics are in place to create awareness among the Company's staff on an on-going basis
- Establishment of Compliance update and monitoring
- Ensure the Compliance manual or guidelines is regularly updated and acknowledged by management and relevant staff
- Monitor and manage all compliance topics, specifically data privacy & protection monitoring in accordance to applicable laws and regulations
- Review internal practices to ensure that compliance is achieved and maintained.
- Raise and report non-compliance issue to the management with recommendation to eliminate or minimize such risks
- Develop and Review yearly compliance/DP plan and ensure that it is achieved
- Implementation and Management of the Data Privacy Protection & Procedures including to put in place internal control on any digitalization initiatives
- Ensure that any compliance/DP audit work related is carried out during the year
- Ensure that any policies and regulation related to the data privacy & protection are maintained and up to date.
- Coordinate with related department to initiate solutions which is aligned with the Compliance rules and regulations
- perform all roles and responsibilities of data privacy function according to Allianz Privacy Standard.
- Establishment of Report Register and Monitoring Process
- Establish and maintain a complete register of all reports to be filed to relevant regulators (such as OIC, SEC, Data Privacy & Protection)
- Monitor and ensure all responsible departments file reports to the regulators in a proper and timely manner.
- Ensure all regular and ad hoc reports requested by Regional Compliance and Group Compliance are filed in a proper and timely manner
Must Have
- Bachelor's degree in Law, Business Administration or related filed (degree in law is preferred)
- Minimum 10 years experience in Compliance, or Corporate Governance roles in insurance or banking business
Nice to Have
- Good understanding of insurance business
- Legal and Compliance consultation skill with solid knowledge of Insurance Law
- Knowledge of Microsoft Office suite and other document management software such as Adobe Acrobat
- Knowledge of Case Management System software
- Business Intelligence and data analysis software like PowerBI, Tableau or similar tools
- Understanding of advanced technologies like Big Data, Robotics, cyber and digital capabilities
- Project management and coordination skill
- Critical decision making & problem solving skills
- Communication and presentation skills in business English are required
