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Compliance Manager (Insurance)

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Compliance Manager (Insurance)

  • Location:


  • Sector:

    Monroe Insurance & Legal

  • Job type:


  • Salary:


  • Contact:

    Irfan R

  • Contact email:

  • Job ref:


  • Published:

    3 months ago

  • Expiry date:


  • Client:

    Monroe Consulting Group

Monroe Consulting Group is recruiting on behalf of Prominent General Insurance in Indonesia. Our respected client is seeking Compliance Manager the job is based in Jakarta, Indonesia.


  • Stay up-to-date with the latest industry laws, regulations, and guidelines to ensure compliance with legal obligations, including insurance regulations, data protection, anti-money laundering, and consumer protection.
  • Develop, implement, and manage comprehensive compliance programs and policies, including conducting compliance risk assessments, internal audits, and training sessions for employees.
  • Collaborate with internal stakeholders, including the executive team, underwriters, claims managers, and sales representatives, to provide guidance and ensure compliance across all business operations.
  • Monitor and analyze changes in legislation and regulatory requirements to assess their impact on the company's operations and develop appropriate action plans.
  • Investigate and address compliance violations, breaches, or potential misconduct, and propose corrective measures to prevent reoccurrence.
  • Manage relationships with external regulators, auditors, and legal counsel, ensuring timely and accurate reporting and information exchange.
  • Lead internal investigations and respond to inquiries from regulatory authorities, ensuring all documentation and records are appropriately maintained.
  • Stay informed about industry best practices, emerging trends, and technological advancements in compliance and legal matters, recommending and implementing relevant improvements.
  • Provide guidance and support to cross-functional teams on legal and compliance issues, such as contract negotiations, risk assessments, and regulatory filings.
  • Foster a culture of compliance and ethical behavior throughout the organization by promoting awareness, training, and ongoing education initiatives.


  • Bachelor's degree in Law, Business, or a related field. Other relevant legal qualification is strong advantage.
  • Minimum 8 years of experience in compliance roles within the insurance industry or a similar regulated environment.
  • In-depth knowledge of insurance laws, regulations, and compliance standards, including experience with insurance products, underwriting, claims, and distribution channels.
  • Strong understanding of regulatory requirements and standards, such as Anti-Money Laundering (AML), and Know Your Customer (KYC) regulations.
  • Proven track record of designing and implementing effective compliance programs, policies, and procedures.
  • Exceptional communication and interpersonal skills, with the ability to collaborate and build relationships with internal and external stakeholders at all levels of the organization.
  • Strong leadership abilities, with the capacity to inspire a culture of compliance and engage employees in ethical practices.
  • Detail-oriented mindset, with excellent organizational and problem-solving skills.
  • Proficiency in using web research databases and compliance from regulator bodies.