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Director, Compliance - 61157BR

Primary Location: Singapore, SGP
Additional Locations: SGP-Singapore
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Description:

Position Summary/Mission

Whether it's complying with changing regulations and laws, adhering to ethical guidelines or preventing fraud, our Compliance Department is the driving force behind it. Their work helps us meet the highest standards of business conduct and integrity in all we do.

The Compliance Department Promotes and enforces compliance with regional and country laws and regulations and related-company policies (including the CVS/Aetna Code of Conduct)impacting Aetna businesses and encourages high business standards in order to advance company objectives, benefit the company's customers, employees and shareholders, and protect the company's reputation.

The South East Asia (SEA)Compliance Director is responsible for implementing and maintaining the Aetna Risk-based compliance and ethics program for all the Aetna International Operations in SEA. The role may also include assisting with Anti-Money Laundering (AML), Office of Foreign Assets Control (OFAC) compliance in SEA.

Broad responsibilities (include but not limited to):

{C}·{C}Expected to be a close partner with business leaders across SEA.

{C}·work closely with the International Chief Compliance Officer (CCO) to drive and execute the compliance risk management and monitoring program and business accountability for compliance.

{C}·undertake and/or manage regulated compliance key person roles and regulatory liaison roles in SEA, where applicable.

Responsibilities also include (but not limited to) providing compliance support to the International CCO in relation to:

{C}·{C}Auditing, investigating, training/education and enforcement.

{C}·{C}Ongoing consultation on compliance issues impacting businesses.

{C}·{C}Support in relation to monitoring and reporting on adherence to compliance controls.

{C}·{C}Recommending and helping businesses to implement compliance controls.

{C}·{C}Ongoing maintaining and support of regulatory licenses and regulatory monitoring and oversight for entities in SEA.

Fundamental Components & Physical Requirements

{C}·{C}Oversees compliance activities and risk-based monitoring frameworks based on local regulations in SEA in support of a large or complex business group and/or manages teams responsible for managing market conduct and other regulatory inspections, exams, inquiries or reporting.

{C}·{C}Assures the timely implementation of allregional and relevant country legislation and regulations applicable to assigned business areas.

{C}·{C}Ensures that compliance risks are addressed and corrective actions are taken, as appropriate.

{C}·{C}Assists business units with development and promulgation of appropriate compliance controls/corrective actions.

{C}·{C}Oversees or ensures the development of policies and procedures needed in response to new or existing laws or Company policies.

{C}·{C}Monitors ongoing compliance with the policies and procedures within the business group Partners to conduct investigations of compliance deviations or failures.

{C}·{C}Directs compliance reviews and risk assessments.

{C}·{C}Promotes and enforces CVS/Aetna's Code of Conduct. Promotes compliance awareness, education and training.

·Works closely with management to drive compliance as a core competency and integrate compliance into business plans,scorecards, metrics and processes; removes barriers to implementation

·Assists business unit head with communicating Company's and targeted business conduct, integrity and compliance messages.

·Identifies and analyzes significant legislative initiatives and impact on business operations.

·Establishes education programs and providesand/or promotes continuing training & education.

·Assures compliance direction is aligned with segment business strategies.

·Assists with regulatory outreach to build strong effective relationships with regulators.

·Develops standards of performance and related metrics.

·Oversees and manages resources as required.

·Develops, evaluates and motivates staff.

Background/Experience Desired

·5+ years’ experience in a regulatory compliance position in healthcare, insurance or financial services.

·5+ years’ experience leading and managing a regional team.

·Background and experience in an international company in a compliance management role highly preferred.

·Excellent English communications skills(oral,written and presentation). Mandarin and other Asian language abilities would be a plus.

·Ability to influence and work closely with senior internal and external stakeholders.

·Must be a team player, be able to lead by example, and be able to be proactive and work cross-functionally across a complex and fast-paced business environment.

·Ability to learn quickly and execute programs in complex business arrangements and across different regulatory regimes in SEA.

·Ability to travel around 20 - 30%

·3+ years working with insurance regulators and knowledge of insurance industry preferred.

Education and Certification Requirements

Bachelor’s degree from reputable university/institution (law, accounting, finance, and/or compliance certification highly preferred) and 5 or more years of relevant experience required.



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