Assistant Vice President, High Net Worth Compliance
FWD Group · Hong Kong +1 · 2mo ago
About FWD Group
FWD Group (1828.HK) is a pan-Asian life and health insurance business that serves approximately 40 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the main board of the Hong Kong Stock Exchange under the stock code 1828.
For more information, please visit www.fwd.com
PURPOSE - Compliance function for our High Net Worth (HNW) business
Lead the build and maintenance of group- wide compliance support to our HNW business
Define priorities of the HNW compliance function in close collaboration with the Group HNW team
Work closely with the BUs who handle HNW business and provide insights and direction on the buildout of our HNW compliance workflows and IT. Help identify and implement external databases that will help FWD onboard clients easier/faster.
KEY ACCOUNTABILITIES – Compliance Oversight
HNW and cross-border sales compliance oversight
HNW customer onboarding, source of wealth reviews, and enhanced due diligence oversight
HNW product governance and new initiative reviews
Regulatory engagement relating to HNW and cross-border activities
Coordination with Legal, Product, Operations and Compliance FCC teams on HNW strategy initiatives
Provide guidance, coaching, and training to Compliance teams across the Group
Proactively escalate issues of concern to Compliance and Risk senior management where non-financial risk issues arise
QUALIFICATION, KNOWLEDGE & EXPERIENCE
12+ years' experience in regional or global financial institutions (insurance or banking)
Direct experience supporting HNW channels
Strong AML and sanctions experience
Bachelor or equivalent degree in legal, accounting, business, or finance
Business acumen to drive transformational changes while balancing the interests of relevant stakeholders
Expert stakeholder management and executive communication, including experience in managing different Asian cultures and ability to influence without authority.