Group Head of Compliance

About FWD Group

FWD Group is a pan-Asian life insurance business with more than 13 million customers across 10 markets, including some of the fastest-growing insurance markets in the world. The company was established in 2013 and is focused on changing the way people feel about insurance. FWD’s customer-led and digitally enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience.

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PURPOSE

A key corporate governance role for the FWD Group, responsible for compliance with group policies and adherence to statutory regulations. Acts as the Key Person in Control Function (KPIC) under Group Wide Supervision of FWD Group by the HK Insurance Authority.

The Group CCO will also play an active role in the management of FWD’s relationships with regulators and industry bodies, ensuring adherence to regulatory and legislative requirements to secure a first-class reputation for FWD’s as a company with a best-in-class Compliance function.

KEY ACCOUNTAIBILITIES

• Responsible for the Compliance function in the FWD Group; set strategies and drive the performance and results for the compliance function
• Responsible for Group Compliance Function and development and maintaining Group-wide Compliance Framework and Programme
• Providing assurance to the FWD Board, Group Risk Committee and Group Audit Committee that the Group-wide Compliance Framework and Programme are appropriately implemented, and key compliance issues are addressed and remediated as appropriate
• Maintaining regular contact with Group-wide Supervisor and overseeing preparation for Annual Supervisory College
• Ensure business unit compliance functions are adequately resourced and function effectively
• Acting as the second line of defence, advise and assist countries to effectively manage compliance risk, ensuring compliance with all applicable laws, regulations and ethical standards
• Partnering with legal to identify relevant compliance risk related laws, regulations and standards and translating regulations into compliance obligations
• Assist first line functions to identify activities to mitigate the risk, based on company's risk appetite and monitoring control of compliance risk
• Providing advice to the business on implementing and embedding compliance obligations in business procedures, tracking internal mitigation activities and planning and executing training
• Champion a positive risk and compliance culture ensuring a high level of compliance awareness across the Group.

QUALIFICATIONS / EXPERIENCE

KNOWLEDGE & TECHNICAL SKILLS