Executive - Compliance

Executive – Compliance

Union Assurance is a leading corporate and the fastest growing entity in the Life Insurance industry backed by the strength and stability of John Keells Holdings PLC, one of Sri Lanka's largest conglomerates. For the 9th consecutive year, the company has received the GPTW certification as a ‘Best Employer Brand,' and in 2020 was awarded the ‘Global Employer Brand’ by the World HRD Congress.

The Job:

The person will be responsible to assist the Manager-Compliance to ensure that the company complies with all applicable laws, regulations, and standards thereby creating a culture of compliance within Union Assurance PLC

Principal Accountability:

• Coordinate with the respective internal stakeholders and submit GoAML threshold reports in line with the regulatory standards and adhering to the timelines.
• Sanction screening alerts review and closure in a timely manner, daily.
• Daily transaction monitoring alerts review and prompt clearance.
• Gather information required for STR filing from operational teams and submit same for evaluation of the Manager – Compliance.
• Upload STRs details in the GoAML system for approval.
• Conduct periodic compliance reviews and sample audits as part of the compliance review program and submit reports to the management through the Manager-Compliance.
• Assist Manager-Compliance for compliance driven projects and initiatives
• Provide periodic training on compliance aspects and conduct specialized/ad-hoc trainings to internal teams with the guidance of Manager-Compliance
• Prepare reports and updates for various internal committees (BACC, ExCom, etc.) and submit for   Manager-Compliance review.
• Promote ethical practices and a commitment to compliance with the laws and regulations

Qualifications and Experience:

• Bachelor’s Degree in the field of Law/ Finance from a recognized university/ Institute
• Minimum 2 years of experience in compliance from Insurance industry or a related field.
• Full/ Part qualification in recognized professional institute will be an added advantage
• Knowledge of relevant laws and regulations
• Fair understanding on regulatory framework of Insurance industry
• Ability to work under minimum supervision, multi-task and work under pressure
• A self-motivated individual as well as a team player
• Impeccable attention to detail with quality focus

The selected candidate for the above position will be entitled to an attractive remuneration package. Applicants who are interested are encouraged to apply on or before 06th December 2024