Risk and Compliance Principal
AIA
Date: 5 hours ago
City: Taguig
Contract type: Full time
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
AIAIMPH Risk and Compliance Principal shall support the entity’s CEO and Group Head of Compliance and Risk in carrying out the second-line function as envisaged under the AIAIM PH governance framework (“Governance Framework”)
Risk Function
- Formulate, review and implement the risk-related policies and procedures established under the TC’s governance framework (including, among others, the TC’s Investment Operational Risk and Control Assessment Policy) considering the applicable internal requirements (including those under the AIA Investment Governance Framework) as well as the applicable local statutory and regulatory requirements.
- Assist the entity’s Head of Compliance and Risk in preparing regular reports on key operational risk indicators covering the relevant “Level 2 Key Operational Risks” (such as conduct, execution, delivery and process management, external events, financial crime, fraud, people, information technology as well as legal and compliance) in accordance with the pre-defined “Operational Risk Assessment Matrix”.
- Review and provide feedback on the internal risk and control assessment reports prepared under the TC’s Investment Operational Risk and Control Assessment Policy covering all the relevant departments and sub-teams at the TC while addressing their key operational risks in pre-defined areas covering “Level 2 Key Operational Risks” and “Level 3 Key Operational Risks”.
- Review and provide feedback to the relevant departments and sub-teams at the TC concerning the preparation of the Assurance Reports on Controls under the International Standard on Assurance Engagement 3402 (“ISAE 3402 Reports”) by external auditor covering, among others, TC’s control environment and risk assessment.
- Provide feedback to the relevant departments and sub-teams at the TC in identifying, measuring and monitoring markets, credit, operational and liquidity risk associated with all trust products/services and mandates under the TC’s governance framework while addressing the applicable local statutory and regulatory requirements.
- Undertake regular monitoring programs in accordance with the relevant policies and procedures established under the TC’s governance framework.
- Collaborate with local departments and sub-teams as well as Group Risk & Compliance counterparts to appropriately address the applicable risk-related Group-wide requirements under the TC’s governance framework.
- Attend to regulatory issues relating to risk management.
- Influence and shape the organization’s Risk Management culture over the long term.
- Assist in addressing risk-related matters at the internal executive committee and other relevant committee meetings.
- Implement and administer a robust compliance monitoring program to ensure that all required monitoring activities are properly documented, instituted and performed under a risk-based approach. Ensure that 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 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 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.
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