As a representative of the Second Line of Defence, assist with the monitoring and facilitate the implementation of effective regulatory risk management practices by operational management in the Relevant Business and assist the risk owners in reporting adequate risk
Assist with the construction and deliverance of Compliance policies and procedures within the Relevant Business and ensure resolution, develop corrective action plans and track implementation status for revisions of other compliance-related controls
Assess whether policies and procedures, systems and controls fully address regulatory or compliance strategic requirements applicable to the Relevant Business. Develop, implement, embed and maintain an efficient Compliance framework of policies and procedures, systems and controls
Closure of Compliance owned actions and supporting the closure of regulatory recommendations following internal/external audits
Identify compliance training needs, develop and deliver compliance training within the Relevant Business
Identify and assess compliance and regulatory risks in the Relevant Business taking into account relevant internal and external sources of data as well as changes to assessments of other risk types
Assist in the Creation and deliverance of an annual Compliance Plan for the Business, appropriate communications to colleagues in the Relevant Business as set out in the Compliance Plan, and on an ad-hoc basis
Support Champion Compliance at all levels of the Relevant Business, partnering with the business, support and provide pragmatic risk-based advice, guidance and counsel to all appropriate stakeholders as well as provide effective challenge and oversight
Partnering with business management to define the Compliance strategy for the Relevant Business
Provide challenge and oversight on business management’s assessment and governance of compliance and regulatory risk
Provide guidance and advice to business management in developing appropriate 'tone from the top' and awareness of required business conduct and ethical standards, including the Code of Conduct policy
Partnering with the business to review and challenge the design and structuring of specific transactions, new products, services, operational procedures, operational change and initiatives
Provide advice, from a compliance and regulatory perspective only, on the design of any First Line of Defence quality assurance models
Record keeping in line with regulatory requirements and/or China Taiping policies and procedures
Provide input and assist with new or approved changes to operating procedures, and give approvals under specific control frameworks
Investigate, record suspected, alleged or actual breaches of regulatory requirements, work with risk to report, evaluate and assist with any ‘Lessons Learnt’ after the event training or recourse for the individual/s or units concerned
Support the Risk and Compliance function in the performance of selected Excellence Reviews, focussing on compliance with regulatory requirements and Compliance policies/procedures
Collate and deliver accurate and appropriate compliance metrics and information to appropriate stakeholders in the Relevant Business and the Compliance Function. Compile and deliver compliance records or information requested by internal/external auditors
Assist with and maintain effective relationships with regulators and relevant supervisory authorities or self-regulating bodies; ensure timely submission of accurate regulatory reporting; respond to regulatory information requests and enquiries. Reporting of issues and breaches
Represent China Taiping in relevant industry or similar associations or groups as appropriate
Compliance Function ad-hoc strategic or operational projects as requested
Requirements
Holds a Diploma level qualification in a suitable and applicable subject matter, such as Compliance, Financial Crime, Risk
Strong regulatory and corporate governance knowledge/understanding required
Excellent interpersonal and influencing skills, with the ability to engage effectively at all levels to promote an effective/business focused compliance culture
Ability to work, both individually and as a team, under pressure to tight timelines and without direct supervision
Commercial awareness – a commercial and pragmatic approach to managing compliance risks
Commitment to continuous professional development and maintaining excellent understanding of regulatory developments
Must be committed to maintaining a robust compliance culture and high ethical standards
Always demonstrates high integrity
Proactive and a self-starter
Organised and methodical
Excellent analytical problem-solving skills
Contact details
If you are interested in applying for the role, or have any questions, please send your CV or your questions to HR@uk.cntaiping.com
