Job Description

Prudential’s 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 people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

JOB SCOPE:

To provide support in the design and implement compliance programs, policies and procedures and provision of proper guidance/advice to ensure that the Business Functions and members of the sales force conduct their business operations ethically and in accordance with applicable local laws, regulations, guidelines and Group compliance standards

PRINCIPAL DUTIES & RESPONSIBILITIES: 

The below are description of key accountabilities and not meant to be exhaustive. As and when, the job description may change to respond to the development of business operations as well as regulatory changes.

• Provide regulatory compliance support, guidance, and advice to internal stakeholders, in relation to regulatory developments, gap analysis and projects, initiatives, process enhancements and etc.
• Manage and monitor regulatory changes, including coordinate gap analysis, with the relevant Business Functions and track action plans to closure.
• Support the Management on any regulatory compliance issues as they arise.
• Develop or update Regulatory Compliance procedures and checklists, where relevant
• Roll-out changes to Group Compliance Standards to Business Functions and complete gap analysis and track actionable items to closure.
• Assist in preparation of Annual Compliance Plan and ensure relevant activities are completed within the timeline
• Roll out of Regulatory Requirement Self-Assessment (RRSA)
• Preparation of compliance reports to Executive Risk Committee, Board Audit Committee, ExCo, Group Compliance and other relevant stakeholders, where relevant.
• Assist to liaise with Regulators, Group Compliance with regards to regulatory examinations or reviews, where relevant.
• Represent the Department as compliance advisor in initiatives or projects or process enhancements rolled out by the Company.
• Conduct Compliance training for Business Functions to improve their understanding on governing regulatory requirements. Update compliance training materials, as appropriate.
• Where relevant, support/perform other activities of the team such as Incident management, Third Party/Vendor due diligence, Compliance Risk assessment
• Carry out any other assignments/task as may be assigned from time to time. 

JOB SPECIFICATION 

Qualifications

Degree in Accounting, Finance, Law, Business, or other related discipline.

Experience

At least 5 years’ experience in compliance, audit, legal or a regulatory compliance related role; related working experience in insurance or banking would be an advantage.

Knowledge

• 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
• 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.

Job Requirements