Job Responsibilities

Compliance Duties

• Corporate governance and relevant guidelines, Intermediary's conduct related regulations, market conduct, product and marketing related regulations.
• Develop and launch compliance programs (e.g., gap analysis, compliance checklist, risk assessment, etc.), monitor overall compliance therewith, identify deficiencies and recommend improvement and control measures.
• Assist in formulating compliance framework and relevant policies and procedures for the compliance of relevant laws, guidelines, and regulatory requirements.
• Identify and assess the compliance risks associated with the organization's distribution related business activities, including new agents/brokers recruitment/selection/registration, sales conduct, discipline, complaint and any other related matters.
• Develop and implement written compliance policies and guidelines for agency/broker distribution channels on the appropriate implementation of the laws, regulations, rules, code of conduct, standards and best practices.
• Assist to assess the appropriateness of compliance policies, procedures and guidelines related to the distribution channels, ensure a follow-up of any identified deficiencies, make recommendations for amendments, where necessary, and supervise the implementation of corrective measures to mitigate the identified deficiencies.
• Conduct investigation on agents/broker's fraud, mis-selling, compliant from both client and/or regulator.
• Draft and assist in reviewing insurance agents related materials (e.g., contracts, forms, policies, manuals, training deck, etc.) and arrangements.
• Draft company-wide legal and compliance related policies and procedures.
• Monitor and ensure the relevant functions/business units remain compliant with legal and regulatory requirements and other internal policies and procedures.
• Conduct regular compliance update exercise/ review and testing.
• Provide support for the new development and updates on applicable laws, guidelines, and regulatory requirements.
• Assist in preparing and updating compliance training materials and provide regular compliance training to staff.
• Handle General Insurance legal cases, including claims disputes and regulatory compliance, ensuring adherence to relevant GI regulations.

Legal Duties

• Review legal documents and contracts, legal provision of insurance policies and related documents.
• Keep updated on key legislations and statutory regulations and their developments that would have impacts on the company's business and assist relevant business functions in revising the Company's policies and procedures accordingly.
• Provide advice and guidance on questions of law and practice in relation to impacts upon the Company, especially focusing on Insurance Ordinance and Personal Data (Privacy) Ordinance.
• Manage General Insurance legal cases, encompassing claims disputes and regulatory compliance, while ensuring adherence to applicable General Insurance regulations.
• Prepare thoroughly for court appearances concerning legal matters, including the drafting of legal documents and organizing case materials.
• Represent the organization in court during legal proceedings.
• Perform other ad hoc / related duties as assigned by management to support Legal and Compliance Department.

Job Requirements

• Bachelor’s degree in law or related disciplines.
• Minimum of 5 years' relevant experience in compliance related disciplines, preferably from insurance industry.
• Prior experience in managing legal cases related to General Insurance and providing associated legal support is highly preferred.
• Practical experience in company secretarial matters and duties are preferred but not a must.
• Integrity and honesty, self-initiative, independent, detail oriented with good inter-personal skill and strong analytical mind.
• Able to work under pressure and meet deadlines.
• Good command of spoken and written English and Chinese.
• Proficiency in the use of Microsoft Excel, Word and PowerPoint.
• Candidate with less experience will be considered as Manager, Legal and Compliance.
• Immediate availability highly preferred.

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