Chief Compliance Officer – Insurance
We are currently representing a leading global insurance company in the search for an experienced Chief Compliance Officer.
About the Company
Our client is a leading global insurance company with a strong international presence and a longstanding reputation for financial strength, innovation, and customer trust. Operating across multiple markets, the company is committed to maintaining the highest standards of corporate governance, regulatory compliance, risk management, and ethical business practices while delivering innovative insurance.
About the Role
This role is responsible for leading the organization’s enterprise-wide regulatory compliance function and serving as the principal compliance advisor to the Board of Directors and senior management. The successful candidate will oversee the design, implementation, and continuous enhancement of the Regulatory Compliance Management framework, ensuring alignment with local regulatory requirements and global governance standards. This position plays a critical role in managing regulatory relationships, strengthening compliance governance, overseeing second-line compliance oversight and testing, and fostering a strong culture of integrity and accountability across the organization.
Key Responsibilities
- Advise the Board of Directors, Board committees, and senior management on regulatory compliance matters, significant compliance risks, governance issues, and emerging regulatory developments affecting the business.
- Develop and implement enterprise-wide compliance strategies, governance frameworks, policies, procedures, and annual compliance work plans to support regulatory obligations and organizational objectives.
- Direct the organization’s Regulatory Compliance Management framework, including anti-bribery and corruption, sanctions compliance, fraud prevention, privacy, distribution compliance, customer fair dealing, marketing compliance, regulatory change management, compliance training, and other key compliance programs.
- Lead and manage the compliance function by overseeing resource planning, capability development, performance management, and the effective operation of second-line compliance oversight, monitoring, and testing activities.
- Manage regulatory relationships with Otoritas Jasa Keuangan (OJK), industry associations, and other relevant authorities, including examinations, inspections, regulatory reporting, supervisory reviews, and official communications.
- Monitor the effectiveness of compliance controls, testing programs, corrective action plans, and compliance monitoring activities to ensure timely identification, escalation, remediation, and reporting of compliance issues.
- Promote a strong culture of compliance and ethical conduct through organization-wide training initiatives, awareness programs, stakeholder engagement, and active participation in governance and management committees.
- Provide strategic compliance guidance for new products, business initiatives, distribution arrangements, agency compensation, regulatory change implementation, and other significant business decisions while ensuring alignment with applicable regulatory requirements and global standards.
Key Requirements
- Bachelor’s degree in Law, Accounting, Finance, Business Administration, or a related discipline; an LLB, LLM, or other relevant professional qualification will be an advantage.
- Excellent communication, influencing, stakeholder management, and leadership skills, with the ability to engage effectively with Boards, senior executives, regulators, and external stakeholders.
- Extensive knowledge of Indonesian insurance regulations, financial services regulations, corporate governance, regulatory compliance frameworks, and enterprise risk management practices applicable to global financial institutions.
- Minimum 15 to 20 years of experience in compliance, compliance, regulatory, audit, risk management, or related functions within the insurance, banking, or broader financial services industry.
- Proven experience in leading enterprise compliance programs, second-line compliance oversight, regulatory testing, monitoring, investigations, and compliance governance within a complex regulated environment.
- Strong analytical, decision-making, and problem-solving capabilities, with demonstrated ability to manage complex compliance issues, regulatory interactions, and cross-functional business initiatives.
- Strong experience in engaging with regulators, managing regulatory examinations and inspections, and advising senior management and Boards on significant compliance matters.
- Strong proficiency in both written and spoken English and Bahasa Indonesia, with the ability to prepare Board-level reports, regulatory submissions, and executive communications.
If this opportunity aligns with your background and aspirations, we would be delighted to hear from you. You may apply through the company’s website or send your updated CV directly to [email protected] for a confidential discussion.
Referral reward: Rp5000000