Job Description
Applications are invited from eligible employees for the following post at AIBL.
SENIOR EXECUTIVE ASSISTANT MANAGER
COMPLIANCE
EDUCATIONAL QUALIFICATIONS
- Bachelor's Degree in Insurance, Finance, Accounting, Business Administration, Law, Risk Management or a related discipline from a recognized university.
- A professional qualification or part qualification from the Chartered Insurance Institute (CII) of Sri Lanka, Sri Lanka Insurance Institute (SLII), or an equivalent institution would be an added advantage.
- A Diploma or professional certification in Compliance, Risk Management, Corporate Governance or Anti-Money Laundering (AML) would be advantageous.
- Additional qualifications in Insurance Law, Regulatory Compliance or Internal Auditing would be preferred.
PROFESSIONAL EXPERIENCE
- Minimum 3 years of relevant experience in the insurance industry, preferably in insurance brokering, insurance operations, regulatory compliance, risk management or internal auditing.
- Practical exposure to IRCSL regulatory requirements, insurance broking operations and applicable insurance industry regulations.
- Experience in coordinating regulatory submissions, compliance reviews, internal audits and regulatory inspections.
- Previous experience in identifying compliance gaps, implementing corrective actions and monitoring adherence to internal policies and procedures.
KNOWLEDGE REQUIREMENTS
- Sound knowledge of the Regulation of Insurance Industry Act No. 43 of 2000, as amended, and applicable IRCSL directions, determinations, circulars and guidelines relevant to insurance brokers.
- Good understanding of insurance broking operations, including insurance placement, premium collection and settlement, commission arrangements, policy administration and claims coordination.
- Knowledge of applicable regulatory requirements relating to premium credit periods, insurance intermediary commissions, premium remittances and regulatory reporting.
- Understanding of Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), Know Your Customer (KYC) and customer due diligence requirements applicable to the business.
- Knowledge of corporate governance principles, internal controls, risk management frameworks and compliance monitoring procedures.
- Awareness of the Personal Data Protection Act and applicable confidentiality, information security and data protection requirements.
- Understanding of complaint-handling procedures, professional ethics, conflicts of interest and fair treatment of customers.
- Working knowledge of regulatory reporting, compliance documentation, audit processes and management reporting.
Applications should be forwarded through the respective Head of Department to reach the undersigned within 07 days of this advertisement.
Head of Human Resources
Assetline Insurance Brokers (Pvt) Limited
No. 120, 120A, Pannipitiya Road, Battaramulla.
Email: assetlinecareers@dpmca.lk
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