The Chief Compliance Officer, Chubb Life provides leadership and direction for all compliance activities related to Chubb’s International Life and growing Wealth and Investment Management businesses. 

The role is responsible for developing, implementing and managing compliance programs, ensuring that compliance obligations and risks are effectively identified and managed. Cultivate and strengthen relationships with stakeholders at the global, regional and local levels, provide support and guidance to compliance teams, and drive a culture of compliance throughout the organization.

Duties and Responsibilities:

Compliance Program Development

Design and maintain a comprehensive compliance program aligned with legal and regulatory requirements, industry best practices, and organizational goals. Develop policies, procedures, and standards to promote ethical behavior and mitigate compliance risks and maintain the Chubb Life compliance policies program. Drive continuous improvement of the compliance program and compliance risk management. Coordinate with the compliance programs and activities of Chubb Global Compliance. Prepare Executive Committee reports on compliance activities.

Business Support and Internal Collaboration

Provide guidance and support to business units on compliance matters and participate in cross-functional initiatives to address compliance issues and challenges. Drive compliance culture that invites inquiries from business lines, breaks down silos, provides practical, innovative, constructive advice, and flexibility in developing solutions.

Regulatory Compliance

Stay updated on legislative and regulatory developments impacting our businesses. Implement controls and processes to ensure compliance with applicable laws, regulations, rules, and internal standards. Co-ordinate the dissemination of regulatory updates to relevant stakeholders and collaborate with teams to address compliance and regulatory requirements.

Risk Assessment and Mitigation

Conduct risk assessments to identify compliance vulnerabilities and coordinate with the Risk team as required. Develop strategies to mitigate risks and implement risk control measures. Collaborate with relevant departments to integrate compliance risk management practices and foster a culture of compliance. Manage the requirements of the Chubb Business Compliance Framework, in coordination with global and local compliance teams.

Compliance Monitoring, Reporting and Investigations

Manage the Compliance Assurance Review Program including coordinating and conducting reviews, supervising staff, drafting and finalizing reports. Lead the implementation of Chubb’s compliance risk management system, in coordination with global and local Compliance teams. Conduct internal investigations and prepare investigation reports.

Subject Matter Expertise

Review business activities, provide advice and develop solutions. Oversee and advise on matters related to Trade Sanctions (OFAC), Foreign Corrupt Practices Act, Chubb policies and procedures. Manage and support third party risk management and onboarding including conducting due diligence, preparing reports and advising business stakeholders. Maintain awareness of existing and new compliance requirements including issuing communications and conducting training to local compliance teams as required.

Qualifications:

Education

Degree holder, preferably in Law.

Experience

Minimum 15 years of extensive experience in compliance, risk management, or related fields in a leadership role. In-depth knowledge of the insurance industry and strong knowledge of relevant laws, regulations, and industry standards. Excellent understanding of compliance program development, maturation and implementation. Familiarity with Asia Pacific life insurance market dynamics, including regulatory bodies, market participants, and practices. Experience working with Asia Pacific insurance markets and supporting local teams in navigating compliance issues and challenges. Strategic leadership and ability to influence senior stakeholders in setting the right tone, and colleagues to work collaboratively to accomplish compliance objectives and goals. Strong leadership and management abilities to oversee a compliance team of direct and matrix reports.

Knowledge, Skills and Abilities

Proven experience in conducting risk assessments and implementing risk management strategies and frameworks. Exceptional analytical and problem-solving skills. Excellent communication and interpersonal skills to collaborate with stakeholders at all levels and across cultures. High levels of integrity and professionalism, trustworthy, straight forward, loyal and confident with a commitment to promoting a culture of compliance. Strong execution and organization abilities to ensure timely completion of deliverables, and ability to deliver quality and meticulous work within tight deadlines. Ability to achieve results directly and in teams and adapt to changing priorities and circumstances. High levels of energy and resilience with ability to maintain performance stability and efficiency under changing and adverse conditions. Excellent written and spoken English. Strong preference for Chinese language skills. Ability in other Asian languages a plus. Must have excellent report writing skills.