Compliance Principal
AIA
- Taguig City, Metro Manila
- Permanent
- Full-time
- Implement and administer a robust compliance monitoring program to ensure that all local monitoring activities are properly identified, documented and performed under a risk-based approach with the monitoring results timely reported in accordance with the relevant local policies and procedures established under AIA’s Investment Governance Framework (“IGF”) as well as the applicable local regulatory requirements.
- Oversee the implementation of the internal personal dealing requirements at AIAIM PH and monitor the personal dealing activities of the local Access Persons and their Associated Persons while demonstrating compliance with the relevant local regulations.
- Manage the internal disclosure of interest reporting requirements covering the corresponding local monitoring, communication and filing activities while demonstrating compliance with the relevant local regulations.
- Administer the internal licensing and other regulatory reporting requirements while demonstrating compliance with the relevant local regulations.
- Implement controls reasonably designed to demonstrate compliance with the AIA Group’s Code of Conduct.
- Act as the local anti-money laundering officer, local data privacy officer and local FATCA Responsible Officer and prepare the corresponding local policies and procedures with appropriate controls embedded therein pursuant to the applicable internal Group-wide requirements as well as the relevant local regulations.
- Offer regulatory compliance advice to the first line so as to support the first line to make informed decisions and to anticipate, assess, control and mitigate regulatory and reputation risks.
- Liaise with industry and regulatory bodies as appropriate.
- Monitor local regulatory developments and/or amendments and provide constructive feedback to AIAIM PH’s Executive Committee and Board so as to further enable AIAIM PH to take appropriate follow-up actions in a timely manner.
- Conduct induction sessions on local policies and procedures owned by the compliance function.
- Oversee the appropriate and comprehensive documentation of client investment mandate requirements to further facilitate post-trade compliance monitoring.
- Provide feedback and, where appropriate, acknowledgements to the first line responsible for setting up the corresponding automated controls before such controls are implemented in the production environment.
- Provide second line feedback on potential regulatory implications arising from breaches and errors (if any) as well as on the corresponding preventative measures in accordance with the local policies and procedures established under the IGF as well as the applicable local regulatory requirements.
- Manage independent fact-based investigations of errors and breaches in a timely and robust manner as and when required.
- Work with management to put in place appropriate follow-up actions to rectify common breaches (if any) and to avoid recurrence.
- Work closely with other members of AIAIM PH’s Executive Committee to address compliance issues in a timely and appropriate manner.
- Facilitate risk awareness among employees throughout AIAIM PH taking into account the relevant standards, policies and procedures established under IGF as well as the applicable local regulatory requirements.
- Work closely with the local Legal & Governance team and the Internal Audit team on compliance issues.
- Work closely with members of the Group Investment Compliance function as well as other Country Investment Compliance Leaders on group-wide investment compliance initiatives.
- Provide second line feedback to Group Internal Audit on investment-related matters.
- Act as the primary point of contact for local regulatory inspections and/or reviews
- A degree holder in Legal, Risk Management, Business Administration, CFA or related principles with solid experience in Investment Compliance.
- Experience in internal audit / risk management would be an added advantage.
- 15 years of working experience within an asset management business in an oversight or compliance role.
- Experience in dealing with regulators. •Good knowledge and hands-on experience in investment compliance systems.
- Highly motivated self-starter, excellent organisational skills and strong attention to detail, conscientious and flexible, good interpersonal and communication skills.
- Ability to handle multiple tasks, plan time and meet deadlines, collaborative mentality, along with the gravitas to work closely with senior stakeholders.