FIND YOUR 'BETTER' AT AIA
We don’t simply believe in being ‘The Best’. We believe in better - because there’s no limit to how far ‘better’ can take us.
We believe in empowering every one of our people to find their 'better' - in the work they do, the career they build, the life they live and the difference they make. So that together we can support even more people - including our own - to live Healthier, Longer, Better Lives.
If you believe in better, we’d love to hear from you.
About the Role
This role plays a critical role in ensuring compliance with regulatory requirements and shaping the company's policy development strategies within the insurance industry. This role will closely monitor changes in regulatory frameworks and analyze their impact on the business. This role requires a thorough understanding of insurance regulations, excellent analytical skills, and the ability to work collaboratively with cross-functional teams.Roles and Responsibilities:
Regulatory Advice (30%)
- Provide regulatory advice on group supervision, corporate governance and statutory reporting requirements under GWS
- Collaborate with cross-functional teams to address regulatory-related queries
- Provide input on the AIA Strategic Plan on the regulatory development
New Regulatory Requirement (50%)
- Monitor and analyze regulatory developments, guidelines, and directives impacting the insurance industry
- Stay updated on changes in insurance laws, regulations, and compliance requirements
- Research and evaluate existing and emerging regulatory policies and industry best practices
- Collaborate with internal stakeholders to track and participate in regulatory consultations
- Representing AIA Co in HK industry consultations
- Provide guidance and recommendations on new regulatory requirement implementation and enforcement; and
- Assist on disclosures to IAIS (e.g. GIMAR – IIM and sector-wide monitoring)
Major Acquisitions (10%)
- Involve in the review of “major acquisitions” requirements and review of transactions reported to Group Transactions; and
- Liaise with HKIA on regulatory applications including seeking approval for “major acquisitions” and coordination on the fulfilment of approval conditions
Miscellaneous (10%)
- Perform other responsibilities and duties periodically assigned by supervisor to meet operational and/or other requirements
Minimum Job Requirements:
- Bachelor's degree in Law, Business Administration, Economics, or a related field. Advanced degree preferred
- Proven experience in regulatory compliance, policy development, or a related role within the insurance industry
- In-depth knowledge of insurance regulations and understanding of industry trends
- Familiarity with regulatory bodies, such as insurance commissions, departments of insurance, or regulatory authorities
- Strong analytical and research skills, with the ability to interpret complex regulations and policies
- Excellent written and verbal communication skills
- Attention to detail and a commitment to accuracy
- Ability to work collaboratively with diverse teams and stakeholders
- Strong organizational and time management skills, with the ability to manage multiple priorities and meet deadlines
Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.
You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.
