Job Vacancy
Working at Perinsuran brokar
At Perinsuran Brokar, we believe our people are the foundation of our success. We foster a professional and supportive working environment where individuals can grow, develop their skills, and contribute to our shared goals. We value integrity, teamwork, and a commitment to delivering quality service to our clients. If you are looking for an opportunity to build your career, make a meaningful contribution, and grow with us, we invite you to explore our current job openings and become part of the Perinsuran Brokar team.
Compliance Officer – Assistant Manager / Manager
- Location: Petaling Jaya, Selangor
- Employment type: Full-time
- Position Level: Manager/Assistant Manager
We are seeking an experienced and detail-oriented Compliance Officer to support and oversee the company’s compliance function within the insurance industry. The successful candidate will be responsible for ensuring that the company complies with applicable regulatory requirements, including those issued by Bank Negara Malaysia (BNM), the Financial Services Act 2013 (FSA), the Islamic Financial Services Act 2013 (IFSA), the Personal Data Protection Act (PDPA), and other relevant laws, guidelines, and industry standards.
This role involves providing regulatory guidance, developing and maintaining compliance frameworks, conducting compliance reviews, monitoring regulatory developments, and promoting a strong culture of ethical conduct and regulatory compliance throughout the organization.
Key responsibilities
1. Regulatory Compliance & Advisory
Monitor, interpret, and advise on regulatory requirements issued by Bank Negara Malaysia (BNM), including policy documents, guidelines, and circulars.
Provide compliance advice to business units on insurance products, operations, distribution channels, and outsourcing arrangements.
Ensure regulatory updates and new requirements are implemented effectively and within the required timelines.
2. Policies, Procedures & Governance
Develop, review, and maintain compliance policies, procedures, and frameworks in accordance with applicable regulatory requirements and industry best practices.
Ensure internal policies and procedures align with the Financial Services Act 2013, Islamic Financial Services Act 2013 (where applicable), AML/CFT requirements, and corporate governance standards.
Support management in fulfilling the company’s regulatory governance and compliance obligations.
3. Compliance Monitoring, Testing & Reporting
Conduct compliance monitoring reviews and thematic assessments across business units.
Identify compliance gaps, document findings, and monitor the implementation of corrective and preventive action plans.
Prepare compliance reports for senior management, Board Committees, and regulatory submissions, where required.
4. AML/CFT & Financial Crime Compliance
Support the implementation and monitoring of Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) policies, procedures, and controls in accordance with applicable BNM requirements.
Assist in reviewing suspicious transactions, managing escalations, and fulfilling relevant reporting obligations.
Promote awareness of financial crime risks and strengthen compliance practices across the organization.
5. Training & Compliance Culture
Develop and deliver compliance and regulatory training programmes for employees and relevant stakeholders.
Promote ethical conduct, regulatory awareness, and a strong compliance culture throughout the organization.
6. Regulatory Engagement & Audits
Liaise with internal and external auditors on compliance-related matters.
Support regulatory examinations, supervisory reviews, and compliance audits.
Coordinate responses to regulatory enquiries, audit findings, and compliance-related remediation actions.
7. Risk Management & Investigations
Identify, assess, monitor, and escalate compliance risks in a timely manner.
Support investigations into potential regulatory breaches, misconduct, and violations of internal policies.
Recommend appropriate corrective and preventive measures to mitigate compliance risks.
8. Team & Stakeholder Management
Collaborate with the Operations and IT teams to address compliance matters and support the implementation of relevant controls.
Work closely with internal stakeholders to strengthen compliance processes and operational effectiveness.
Contribute to the strategic development and continuous improvement of the company’s compliance function.
Requirements
Bachelor’s Degree in Law, Finance, Business Administration, or a related field.
Minimum of five (5) years of relevant experience in compliance, regulatory affairs, or a related role.
Sound knowledge of regulatory requirements governing the insurance industry in Malaysia.
Strong analytical, problem-solving, and communication skills.
Excellent attention to detail and the ability to interpret regulatory requirements and translate them into practical business processes.
Ability to work collaboratively with different departments and communicate effectively with management and relevant stakeholders.
How to apply
Interested candidates are invited to submit their updated resume to [email protected].
Please include your relevant qualifications, professional experience, and contact details in your application.