Job Purpose
The role is to lead the compliance function in Allianz SE Singapore Branch, to steer and manage the respective Compliance functions of Allianz Asia Pacific Operating Entities (OEs), and to enforce regulatory compliance across all operating entities. The role entailsstrengthening and embedding a compliance risk management framework and culture, and implementation of various compliance policiesand procedures. It comprises rendering advice and guidance to Allianz Group, Regional, and OEs Management on relevant compliancematters incl. briefings on policy and strategy with respect to compliance risks and issues. The role provides oversight and steering,coordination of risk assessments and related control environment, advice, and compliance quality assurance of all Allianz Asia Pacificoperating entities.
What you do
1. Prevention & Advisory:
- Advising Regional Management and CEOs in Operating Entities on compliance matters and associated control environment
- Steering the regional design and implementation of all Allianz Compliance Programs
- Monitoring legal and regulatory developments in Europe and Asia Pacific, analyzing the business impact of such changes to ensuretimely response and implementation of effective controls to mitigate compliance risks
- Member and/or chair of regional compliance-related committees (e.g. Integrity Committee)
- Creating and sustaining strong working relationships with all AZAP and Allianz Group stake
- Representing Allianz Asia Pacific Compliance interests in the Global Compliance Standard Committee as well as various global andregional projects, business work-streams and committees
- Leveraging available and possible digital solutions for compliance risk prevention and mitigation
- Interface with senior management to ensure effective awareness of key compliance risk areas and strong engagement by localbusinesses and operations and develop and implement training as needed on relevant compliance regulations and processes
- Work collaboratively with Asia Pacific business partners and senior management including those in IT, Risk Management, Legal, andInternal Audit; and participate in risk committee meetings
2. Risk, Control & Quality Assurance
- Proactively identifying emerging compliance risks and trends, develop, and implement appropriate policies and procedures to supportthe management of risks
- Steering & managing the Regional Compliance Quality Assurance program (incl. compliance and targeted reviews aimed at testing thedesign and effectiveness of processes and controls)
- Supporting regional strategy through comprehensive compliance risk prevention and mitigation programs
- Facilitate effective training and communication to drive employee ownership of the compliance risks
- Interface and closely cooperate with key control functions to ensure a comprehensive overview of risks and controls
- Lead and manage compliance investigations and compliance incidents
- Setting strategies and plans to manage compliance misconduct
- Work closely with peers in AZAP to ensure consistent processes and approaches are followed and that synergies are realized, breakingthrough silos and encouraging a collegial and globally coordinated and consistent AZAP management model.
3. People’s Management (Skilling and Staffing)
- Leading the compliance department at Allianz SE Singapore Branch
- Maintain sound organizational structure within the team with necessary resources, experience, and skillset, and to support requiredtraining and development
- Steer sound organizational structure within the regional team with necessary resources, experience, and skillset, and to support requiredtraining and development
What you bring
- Demonstrated experience interfacing with various stakeholders on compliance matters with the ability to build internal support at alllevels of the organization
- Strong interpersonal skills
- Proven team player with the ability to establish and maintain working relationships with colleagues from different backgrounds,functions, and cultures
- Strong analytical, problem-solving, implementation, and communication skills
- International working experience with a strong knowledge of European and Asian regulations
- Fluent verbal and written English are required
- Very good understanding of the Group, solid knowledge of global business
- Knowledge of regulations relating to insurance, customer protection, anti-corruption, anti-money laundering, terrorism financing, andeconomic sanctions
- Good understanding of insurance products and industry
- Allianz Group organizational structure and authorities and Group Compliance policies and procedures
- Allianz Insurance Business Acumen / Know-How
- Result-oriented – focus on the outcome without compromising on risks and quality
- Change agent – facilitate, drive, and embrace change to improve and strengthen compliance culture
- Very good communication and presentation skills
- Leadership experience in a medium or large-sized entity or a regional business division
- At least 12-15 years of practical experience in compliance, audit, risk, or related role within an insurance or financial services company
