Kuala Lumpur Jobs Executive, Compliance Position at Berjaya Sompo Insurance Berhad

Image Berjaya Sompo Insurance Berhad
  • Job vacancies posted on: 12 months ago

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Our company, Berjaya Sompo Insurance Berhad is currently opening occasion for those of you who are interested in becoming a part of our company specifically Kuala Lumpur and its surrounding areas. For those of you who are interested to be a part of our company with the position of Executive, Compliance and able to work in the WFO (Work From Office) system with full time working hours.

We will openly welcome you if you meet these following criteria:

  • Qualification: Bachelor's Degree, Post Graduate Diploma & Professional Degree
  • Experienced in Accounting/Finance & Banking/Financial
  • Honest, disciplined, and responsible
  • Uphold professionalism in the work environment

We offer you a fairly competitive base salary of RM 1,600 - RM 3,700 in average and can be adjusted according to the capabilities that you offer for our company and have been negotiated under HRD agreement.

Job Info

Company Berjaya Sompo Insurance Berhad
Position Executive, Compliance
Region Kuala Lumpur
Career Level Entry Level
Work Experience 1 year
Qualification Bachelor's Degree, Post Graduate Diploma, Professional Degree
Type of Work Full-Time
Specialization Required Accounting/Finance, Banking/Financial
Minimum Salary MYR 1.550
Maximum Salary MYR 3.700

Provide compliance support to the Company and ensure that the Company remains in compliance with Bank Negara Malaysia (BNM) Guidelines, the Financial Services Act 2013 and all circulars and notifications issued by the General Insurance Association of Malaysia (PIAM) and any other relevant regulatory body.

JOB RESPONSIBILITY:

Assist in reviewing guidelines issued by relevant regulators, statutory agencies, and industry associations to ascertain the regulatory requirements, identify regulatory gaps, and disseminate both requirements and findings and thereafter follow-up with the relevant stakeholders until regulatory gaps are closed.

Assist in performing Compliance Risk Assessments including the monitoring and testing of internal controls to evaluate the adequacy of the controls put in place to manage compliance risk and promptly follow up on any identified deficiencies and plans to address such deficiencies.

Assist in ensuring that the Company continuously complies with AML/CFT requirements by performing AML/CFT and sanctions screening review and clear sanctions hits as well as reviewing suspicious transaction reports (if any) prior to submission to the relevant regulators.

Assist in organising, co-ordinating and providing compliance related training and awareness to employees on the latest compliance updates and relevant regulatory requirements governing the Company’s activities.

Assist in the preparing and drafting of Compliance Reports to senior management and Board to be reviewed by the Head of Compliance.

Assist in the reviewing of relevant product documentation and marketing materials to meet statutory and regulatory requirements including but not limited to brochures, proposal forms and product disclosure sheets.

Assist in providing advice to business lines and support units on regulatory developments and related regulatory requirements.

Assist and provide support to the Head of Compliance to ensure that the Compliance department achieves and completes its annual compliance activities and initiatives. 

JOB SPECIFICATION:

  • Bachelor’s Degree in Management, Business Administration, Finance, Law, or any Compliance core-related discipline.
  • 3 to 1 years’ working experience related to this field. Experience working in the financial sector i.e., insurance or banking would be an added advantage. Fresh graduate with internship experience in general insurance may apply.
  •  Basic understanding and knowledge of internal control environment (i.e., Compliance, Audit and Risk Management).
  • Good communication skills, good documentation, and record-keeping skills.
  • Good analytical skills, fair personal management skills and proficiency in MS Office applications.
  • Good understanding of operational environment of either general or life insurance business would be an added advantage.
  • Basic understanding of the implications and complexities of the local regulatory environment in order to carry out the responsibilities of the job as prescribed. 

Office/Company Address

Country Malaysia
Region Kuala Lumpur
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Benefit

  • Hybrid, dynamic and fast-pace working environment
  • Competitive compensation and rewards
  • Excellent development opportunities

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Company Description

Berjaya Sompo

Sompo Japan Nipponkoa Group collaborates with the Berjaya Group in building up a renowned brand with stronger presence in Malaysia’s general insurance industry. As one of the leading general insurance companies in Malaysia with a network of 22 offices nationwide that serves over a million customers, Berjaya Sompo strives to provide the best insurance solutions and services to our customers. With our strong financial background and consistent comparative global insights, we have increased our paid-up capital to over RM100 million way before the enforcement of the regulatory requirement for all insurance companies in Malaysia.

Our Journey

Our culture of prioritizing world-class services dates back to 1974, when the Company started as an overseas branch office for one of the international insurance companies. As the Company continues to progress towards the new millennium, things began picking up in 1991, when the Company officially changed its name to Berjaya General Insurance Sdn. Bhd. and converted to a public company in 1997. And by 199, Berjaya General Insurance Berhad becomes 100% owned by Berjaya Capital Berhad.

In 2006, Sompo Japan Insurance Inc. purchased 30% equity stake in the Company from Berjaya Capital Berhad. Subsequently, we changed our name to Berjaya Sompo Insurance Berhad to reflect the strategic alliance between Berjaya Capital Berhad and Sompo Japan Insurance Inc. In 2011, Sompo Japan Insurance Inc. acquired a further 40% equity interest in the Company, thus making Berjaya Sompo Insurance Berhad a 70% owned subsidiary of Sompo Japan Insurance Inc.

Sompo Japan Insurance Inc. is a member of Sompo Japan Nipponkoa Holdings Inc. which is listed on the Tokyo Stock Exchange and Osaka Securities Exchange. The Sompo Japan Nipponkoa Group boasts a global business network encompassing 231 cities in 32 countries and regions, including Europe, the Middle East, North America, Central and South America, Asia, Oceania and Africa. The advantage of having Sompo Japan Nipponkoa as our major shareholder is immense, ranging from a stronger global presence to an enlarged pool of world-class expertise and experience.

Company Info

  • Industry: Insurance
  • Registration No.: 62605-U
  • Company Size: 501 - 1000 Employees
  • Average Processing Time: 24 days
  • Benefits & Others: Dental, Education support, Medical, Vision, Casual (e.g. T-shirts), Semi Flexi working hour
This vacancy is suitable for those of you who live in the following areas: Kuala Lumpur