**Compliance Manager (Insurance)**:- **Sector**: Monroe Insurance & Legal- **Contact**: Irfan R- **Client**: Monroe Consulting Group- **Location**: Jakarta- **Salary**: Negotiable- **Expiry Date**: 16 December 2023- **Job Ref**: BBBH434845_1700098535Monroe Consulting Group is recruiting on behalf of Prominent General Insurance in Indonesia. Our respected client is seeking Compliance Manager the job is based in Jakarta, Indonesia.**Responsibilities**:- Stay up-to-date with the latest industry laws, regulations, and guidelines to ensure compliance with legal obligations, including insurance regulations, data protection, anti-money laundering, and consumer protection.- Develop, implement, and manage comprehensive compliance programs and policies, including conducting compliance risk assessments, internal audits, and training sessions for employees.- Collaborate with internal stakeholders, including the executive team, underwriters, claims managers, and sales representatives, to provide guidance and ensure compliance across all business operations.- Monitor and analyze changes in legislation and regulatory requirements to assess their impact on the company's operations and develop appropriate action plans.- Investigate and address compliance violations, breaches, or potential misconduct, and propose corrective measures to prevent reoccurrence.- Manage relationships with external regulators, auditors, and legal counsel, ensuring timely and accurate reporting and information exchange.- Lead internal investigations and respond to inquiries from regulatory authorities, ensuring all documentation and records are appropriately maintained.- Stay informed about industry best practices, emerging trends, and technological advancements in compliance and legal matters, recommending and implementing relevant improvements.- Provide guidance and support to cross-functional teams on legal and compliance issues, such as contract negotiations, risk assessments, and regulatory filings.- Foster a culture of compliance and ethical behavior throughout the organization by promoting awareness, training, and ongoing education initiatives.**Requirements**:- Bachelor's degree in Law, Business, or a related field. Other relevant legal qualification is strong advantage.- Minimum 8 years of experience in compliance roles within the insurance industry or a similar regulated environment.- In-depth knowledge of insurance laws, regulations, and compliance standards, including experience with insurance products, underwriting, claims, and distribution channels.- Strong understanding of regulatory requirements and standards, such as Anti-Money Laundering (AML), and Know Your Customer (KYC) regulations.- Proven track record of designing and implementing effective compliance programs, policies, and procedures.- Exceptional communication and interpersonal skills, with the ability to collaborate and build relationships with internal and external stakeholders at all levels of the organization.- Strong leadership abilities, with the capacity to inspire a culture of compliance and engage employees in ethical practices.- Detail-oriented mindset, with excellent organizational and problem-solving skills.- Proficiency in using web research databases and compliance from regulator bodies.
