Manager, Compliance & Risk Advisory

Your Role

• Provide proactive compliance advisory support to business stakeholders on regulatory requirements under the Insurance Authority (IA), including GL-3 (Guideline on AML/CFT) and other relevant Hong Kong regulations.
• Serve as the primary liaison with the Insurance Authority (IA) on all regulatory compliance matters.
• Monitor, review, and interpret regulatory updates, guidelines, and circulars issued by the IA and other relevant authorities.
• Partner with control functions (e.g., Legal, Risk, Compliance) to ensure the insurance agency business adheres to all applicable regulatory requirements.
• Ensure ongoing compliance for existing insurance products and support new business initiatives in line with regulatory expectations.
• Support the development, implementation, and enhancement of enterprise and operational risk management frameworks.
• Identify, assess, and monitor key risks, including: Regulatory risk, Operational risk, Conduct risk, Technology risk
• Provide compliance advice on new product launches, business initiatives, and digital healthcare services.
• Assist with regulatory inspections, inquiries, submissions, and reporting obligations.
• Conduct compliance risk assessments, control reviews, and ongoing monitoring activities.
• Support incident management processes, including investigations and remediation tracking.
• Design and deliver compliance training and awareness programs for business teams.
• Provide advisory and training support on Hong Kong regulations, including Trade Descriptions Ordinance (TDO), Personal Data (Privacy) Ordinance (PDPO), Prevention of Bribery Ordinance
• Collaborate with key internal stakeholders, including Legal, Audit, Operations, and Technology teams.
• Participate in and/or lead risk and compliance projects, regulatory change initiatives, and process improvement activities.

To Succeed in this Role

• Minimum 5 years of relevant experience in:
  • Enterprise Risk Management (ERM)
  • Operational Risk Management
  • Compliance Advisory within insurance (IA-regulated) or banking (HKMA-regulated) institutions.
• Strong understanding of Hong Kong regulatory frameworks, particularly Insurance Authority requirements.
• Knowledge of digital health or telemedicine regulations is an advantage.
• Excellent stakeholder management, communication, and advisory skills with the ability to influence business decisions.
• Experience engaging with regulators or working within a regulatory body is highly desirable.