About this role
<div id="tor__fintJobDescHeader_readOnlyDiv"> <div id="tor__fintJobDescHeader_content"> <p style="text-align:center"><span style="font-family:tahoma, arial, helvetica, sans-serif"><strong>Assistant Manager – Compliance</strong></span></p> <p><span style="font-family:tahoma, arial, helvetica, sans-serif"><strong>Union Assurance</strong> is a leading corporate and one of the fastest growing entities in the Life Insurance industry backed by the strength and stability of John Keells Holdings PLC, one of Sri Lanka's largest conglomerates.</span></p> <p> </p> <p><span style="font-family:tahoma, arial, helvetica, sans-serif"><strong>The Job Role:</strong></span></p> <p> </p> <p><span style="font-family:tahoma, arial, helvetica, sans-serif">The person will be responsible for assisting the Manager-Compliance to ensure that the company complies with all applicable laws, regulations, and standards, thereby creating a culture of compliance within Union Assurance PLC.</span></p> <p> </p> <p><span style="font-family:tahoma, arial, helvetica, sans-serif"><strong>Principle Accountabilities:</strong></span></p> <p> </p> <ul style="list-style-type:disc"> <li style="font-family:tahoma, arial, helvetica, sans-serif"><span style="font-family:tahoma, arial, helvetica, sans-serif">Ensure the company operates in full compliance with all applicable laws and regulations. </span></li> <li style="font-family:tahoma, arial, helvetica, sans-serif"><span style="font-family:tahoma, arial, helvetica, sans-serif">Assist the Manager – Compliance in establishing and maintaining effective best practices to prevent and detect regulatory violations. </span></li> <li style="font-family:tahoma, arial, helvetica, sans-serif"><span style="font-family:tahoma, arial, helvetica, sans-serif">Conduct gap analyses to identify deficiencies in internal policies and processes against regulatory requirements. </span></li> <li style="font-family:tahoma, arial, helvetica, sans-serif"><span style="font-family:tahoma, arial, helvetica, sans-serif">Collaborate with cross-functional teams to implement new regulatory requirements effectively.</span></li> <li style="font-family:tahoma, arial, helvetica, sans-serif"><span style="font-family:tahoma, arial, helvetica, sans-serif">Facilitate the developments and updates of internal policies and manuals periodically related to compliance.</span></li> <li style="font-family:tahoma, arial, helvetica, sans-serif"><span style="font-family:tahoma, arial, helvetica, sans-serif">Review various internal policies related to compliance and controls developed by cross functional teams and recommend improvements.</span></li> <li style="font-family:tahoma, arial, helvetica, sans-serif"><span style="font-family:tahoma, arial, helvetica, sans-serif">Develop training materials and provide periodic training on compliance aspects and conduct specialized/ad-hoc training.</span></li> <li style="font-family:tahoma, arial, helvetica, sans-serif"><span style="font-family:tahoma, arial, helvetica, sans-serif">Coordinate training related to compliance conducted by L&D teams and facilitate Manager Compliance in ensuring regulatory requirements related to trainings are met and ensuring adequacy of such trainings considering the regulatory requirements. </span></li> <li style="font-family:tahoma, arial, helvetica, sans-serif"><span style="font-family:tahoma, arial, helvetica, sans-serif">Conduct periodic compliance reviews and sample audits as part of the compliance review program.</span></li> <li style="font-family:tahoma, arial, helvetica, sans-serif"><span style="font-family:tahoma, arial, helvetica, sans-serif">Provide compliance clearances and to assist the Manager – Compliance to prepare presentations, reports, and Board papers on compliance related matters as required. </span></li> <li style="font-family:tahoma, arial, helvetica, sans-serif"><span style="font-family:tahoma, arial, helvetica, sans-serif">Timely submission of internal and external reporting requirements. </span></li> <li style="font-family:tahoma, arial, helvetica, sans-serif"><span style="font-family:tahoma, arial, helvetica, sans-serif">Assist the Manager-Compliance with compliance driven projects and initiatives.</span></li> </ul> <p> </p> <p> </p> <p><span style="font-family:tahoma, arial, helvetica, sans-serif"><strong>Qualifications and Experience</strong></span></p> <p> </p> <ul style="list-style-type:disc" type="disc"> <li style="font-family:tahoma, arial, helvetica, sans-serif"><span style="font-family:tahoma, arial, helvetica, sans-serif">A Bachelor’s Degree from a recognized University in Law/Finance or equivalent discipline.</span></li> <li style="font-family:tahoma, arial, helvetica, sans-serif"><span style="font-family:tahoma, arial, helvetica, sans-serif">Minimum 02-03 Years in Senior Executive capacity/relevant experience, with 6+ years overall experience.</span></li> <li style="font-family:tahoma, arial, helvetica, sans-serif"><span style="font-family:tahoma, arial, helvetica, sans-serif">Expertise in compliance, especially in Insurance or related Field.</span></li> <li style="font-family:tahoma, arial, helvetica, sans-serif"><span style="font-family:tahoma, arial, helvetica, sans-serif">Sound knowledge on Microsoft office packages</span></li> <li style="font-family:tahoma, arial, helvetica, sans-serif"><span style="font-family:tahoma, arial, helvetica, sans-serif">Excellent problem-solving skills, Attention to detail and analytical skills.</span></li> <li style="font-family:tahoma, arial, helvetica, sans-serif"><span style="font-family:tahoma, arial, helvetica, sans-serif">Strong adaptability, work under pressure and capacity to work in fast-paced environments.</span></li> <li style="font-family:tahoma, arial, helvetica, sans-serif"><span style="font-family:tahoma, arial, helvetica, sans-serif">Ability to work independently and in a team-oriented environment.</span></li> </ul> </div> </div> <table> <tbody> <tr> <td style="height:36.0px"> <div id="tor__fintJobDescHeader_button_new"></div> </td> </tr> </tbody> </table> <p> </p><div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Job Responsibilities</H2> </div><div></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Person Specifications</H2> </div><div></div></div></div>