Compliance Manager

Job Purpose

The Compliance Manager is responsible for ensuring that the company adheres to applicable legal, regulatory, and internal policy requirements. The role serves as a trusted compliance partner to business and functional stakeholders, providing practical regulatory guidance, fostering a strong culture of compliance, and independently managing compliance initiatives, monitoring activities, regulatory engagements, and reporting obligations.

Roles & Responsibilities

• Develop and Implement Compliance Policies: Design, develop, and implement comprehensive compliance policies and procedures to ensure the company meets all regulatory requirements
• Monitor Regulatory Changes: Stay updated with relevant laws and regulations, and ensure the company's policies are aligned with any changes in legislation
• Conduct Compliance Audits: Plan and execute internal compliance audits and investigations to identify and mitigate risks, ensuring adherence to internal policies and external regulations
• Training and Education: Organize and conduct compliance training programs for employees to ensure awareness and understanding of compliance issues and responsibilities
• Reporting: Prepare and present regular compliance reports to the senior management and the board of directors, highlighting key compliance risks and issues
• Liaison with Regulatory Bodies: Serve as the main point of contact with regulatory agencies, manage regulatory examinations, and ensure prompt and accurate responses to regulatory inquiries
• Stakeholder Engagement and Advisory: Build and maintain strong relationships with business units and management to provide practical compliance advice, support business initiatives, promote a strong compliance culture, and facilitate the effective implementation of regulatory and policy requirements across the organization
• Compliance Risk Assessment and Governance: Conduct compliance risk assessments, support the maintenance of the compliance framework, and provide meaningful reporting and insights on compliance risks, trends, and emerging regulatory developments to management
• Perform other related duties as assigned

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Role Competencies

• Comprehensive understanding of laws, regulations, and industry standards applicable to the insurance sector, particularly non-life insurance
• Strong analytical and problem-solving skills to interpret complex regulatory requirements, assess compliance risks, identify gaps, and implement effective corrective actions
• Strong stakeholder management, interpersonal, and communication skills, with the ability to influence, challenge constructively, and engage effectively with local, regional, and international stakeholders
• Ability to work independently, exercise sound judgment, prioritize competing demands, and drive compliance initiatives with minimal supervision
• High attention to detail to ensure accuracy and quality in regulatory filings, compliance reports, policies, and related documentation
• Strong leadership and collaboration skills, with the ability to guide team members and foster a culture of compliance, integrity, and ethical conduct across the organization
• Excellent written and verbal communication skills in English, with the ability to translate regulatory requirements into clear, practical guidance for business stakeholders

Candidate Specifications

• Bachelor’s degree in Law is preferred
• Minimum of 5-7 years of experience in compliance, legal, or regulatory roles within the insurance industry, preferably in non-life insurance
• Demonstrated experience independently managing compliance programs, regulatory engagements, compliance monitoring activities, and regulatory reporting requirements
• Proven ability to build effective relationships with stakeholders and provide practical compliance advice to business functions and senior management
• Excellent written and verbal communication skills in Thai and English to effectively interact with international stakeholders and within the group company
• Strong analytical skills to interpret regulatory requirements and assess compliance risks
• Experience interacting with regulatory authorities and managing regulatory examinations, inspections, or inquiries is preferred
• Strong self-management skills with the ability to work independently, exercise sound judgment, and deliver results in a dynamic regulatory environment.