Job Description
<Job Responsibilities> • Compliance Framework: Develop, implement, and maintain the company’s internal compliance manual in accordance with the Law on Insurance Business and relevant Decrees. • Regulatory Reporting: Prepare and submit periodic and ad-hoc reports relating to legal and compliance matters to the Ministry of Finance (MOF), the Insurance Supervisory Authority (ISA), and other relevant regulators. • Contract Review: Review and provide legal advice on service agreements with insurance companies and brokerage service agreements with clients. • Data Privacy: Act as the focal point for Decree 13/PDPD compliance, managing Personal Data Protection Impact Assessments (DPIA) and internal data handling protocols. • Internal Advisory: Provide legal updates and guidance to Sales, IT, HR and ACC departments to mitigate operational risks. • Licensing: Manage procedures for insurance brokerage license maintenance, amendments, and renewals. • Internal Control Support: Support periodic compliance monitoring and internal control reviews, follow up on identified issues, and coordinate with relevant departments on remediation actions where required.
Job Requirement
<Necessary Skill / Experience> - Education: Bachelor of Laws is required - Language: English - Business Level (ability to draft legal documents and report to management) - Experience: At least 4-6 years of experience in Legal or Compliance within the Insurance industry (Insurance Companies or Brokerages) - Solid understanding of the Law on Insurance Business and other laws - Strong analytical thinking, attention to detail, and the ability to propose practical solutions to balance legal risks with business needs - Proactive, highly ethical, and capable of working independently in a startup-like environment within an established firm - Training skills <Preferable Skill/ Experience> - Experience in direct communication with the MOF is a strong advantage - Exposure to internal control or compliance monitoring is preferred