Centre of Takaful Excellence, Assistant ManagerJob Summary
Hiring of this role will be under Zurich Takaful Malaysia Berhad. Provide Shariah support to Zurich Takaful Malaysia Berhad and Zurich General Takaful Malaysia entities, which includes, but is not limited to, conducting Shariah training for relevant stakeholders, managing zakat distributions, overseeing VBIT initiatives, and handling any other tasks assigned by the department head.
Job Accountabilities - Key Accountabilities
Establish, enhance and implement relevant compliance policies and procedures and provide pragmatic solutions.
Ensure implementation and reporting of required compliance training for all employees.
Counsel management and employees on questions about Zurich Basics or other company's compliance training.
Conduct regular awareness campaigns reminding employees of the compliance policies and how violations or concerns may be reported.
Analyse external regulatory requirements and trends.
Assist and support training needs assessments, development, coordination and delivery.
Assist in the identification and managing of regulatory risk.
Support the design, build and implementation of the business unit compliance plans.
Assist and support business with plans for resolution of problematic compliance matters.
Provide support to draft reports to Executive management, oversight committees and regulators.
Provide support to establish, enhance and implement relevant compliance policies and procedures.
Assist in the analysis of laws or trends impacting the Compliance Risk Universe and assess impact on organizational operations in the jurisdiction. Ensure alignment with Legal to prevent activity overlaps.
Assist in the development, implementation, support and maintenance of compliance frameworks for the compliance domains.
Advise and support first line of defense with the adoption or, as appropriate, development, implementation and maintenance of Compliance Policies.
Advise and support second line of defense, in particular local and regional Compliance teams, with the adoption or, as appropriate, development, implementation and maintenance of Compliance Policies.
Compliance Assurance
Conduct the annual compliance planning to identify local priorities on risk-basis over up to 3 years, including sufficient monitoring and training activities. Ensure relevant stakeholders support prioritization.
Report progress against plan and ensure approval in case of significant plan changes by Governance Committee.
For compliance oversight establish and maintain locally a log on each of the items subject to reporting.
Business Accountabilities
Promoting Ethic Based Culture
Develop and execute a training and awareness strategy, implement Compliance training and provide management with relevant metrics.
Maintain the Group Policy relating to reporting of violations and concerns and provide management with relevant metrics.
Compliance Solutions
Assess new laws and trends and their applicability and implementation to Zurich's operations in the jurisdiction in order to ensure that the Compliance Risk Universe are fully identified and managed.
Advise the first line of defense with respect to policies (i.e. their adoption, development, implementation and maintenance), practical guidance, training, relevant controls, and processes for mitigation of risks within the Compliance Risk Universe.
Advise and support business management in its regulatory relationship management regarding topics from the compliance risk universe thereby upholding the organization's public image.
Advise and support second line of defense, in particular local and regional Compliance teams, with the adoption or, as appropriate, development, implementation and maintenance of Compliance Policies.
Compliance Assurance
Support the annual compliance risk assessment, performed by Compliance Assurance, to satisfy minimum internal and external regulatory requirements and validate assessment results with local management and governance committees.
Ensure compliance oversight and provide assurance to management and appropriate governance bodies that risks within the Compliance Risk Universe are appropriately identified and managed.
Project Management
Support functional projects within the defined scope and time frame and in accordance with agreed cost and quality targets.
Support the completion of functional projects and the project deliverable's to required level of quality.
Participate in project steering committees for projects with no dedicated legal sub project, ensuring that legal and regulatory requirements and considerations are taken into account.
Job Qualifications
Required:
Minimum 5 years experience in Shariah Management Services in Financial Services industry (preferably insurance).
Bachelors Degree in Shariah (includes study in Usul Fiqh or Fiqh Muamalat will be an added advantage).
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