Head of Compliance (Life Insurance)

A leading financial services organisation in Jakarta seeks a Head of Compliance to oversee legal and compliance functions, focusing on AML, KYC, fraud prevention, ERM, and regulatory engagement. Collaborate with senior leadership to shape compliance culture, ensure adherence to regulations, support product reviews, and drive policy creation. This role offers professional growth in an inclusive environment where your expertise directly impacts organisational integrity and success.

As Head of Compliance, you will be entrusted with safeguarding the organisation’s reputation by ensuring rigorous adherence to both legal standards and internal policies. Your day-to-day responsibilities will involve collaborating with senior executives on strategic decisions while managing critical aspects such as AML controls, KYC verification processes, fraud risk assessments, regulatory communications, contract reviews, SOP development, and monthly reporting. You will work alongside a small but dedicated team member who has recently transitioned internally into this function. Success in this role requires you to proactively identify areas for improvement in compliance frameworks, provide clear guidance during product reviews or approvals, coordinate investigations when issues arise, deliver impactful training sessions for colleagues at all levels of the business, monitor KPIs diligently across multiple domains including regulatory engagement and ERM effectiveness. Your ability to build strong relationships with regulators like OJK will be essential in maintaining trust between the organisation and external authorities. By fostering an environment rooted in ethical conduct and transparency—while supporting your team’s growth—you will help drive sustainable success for the entire company.

• Oversee the implementation and continuous improvement of compliance programmes related to anti-money laundering (AML), know your customer (KYC), fraud detection, enterprise risk management (ERM), and data protection policies.
• Ensure all business practices comply with relevant local regulations by liaising effectively with regulatory bodies such as OJK and maintaining up-to-date knowledge of evolving requirements.
• Review contracts thoroughly to mitigate risks while supporting business objectives through sound legal advice and timely sign-off on key documents.
• Collaborate closely with internal stakeholders to develop standard operating procedures (SOPs) covering policy creation, procedural updates, and comprehensive monthly reporting mechanisms.
• Support product review processes by providing expert legal guidance during approval stages in partnership with the dedicated product compliance team.
• Lead investigations into potential compliance breaches or fraudulent activities by coordinating with internal teams and external law firms as necessary.
• Deliver regular training sessions for staff members to promote awareness of compliance obligations and foster a culture of ethical conduct throughout the organisation.
• Monitor key performance indicators (KPIs) related to AML, KYC, PDP, regulator engagement, ERM effectiveness, contract review efficiency, SOP adherence, and reporting accuracy.
• Act as the primary point of contact for all matters relating to legal compliance within the organisation’s operational framework.
• Mentor and support team members who have transitioned internally into the compliance function to ensure seamless integration and ongoing professional development.

Requirements

• Extensive experience in managing both legal affairs and compliance programmes within financial services or similarly regulated industries is essential for this position.
• Proven track record in developing effective AML strategies as well as implementing robust KYC procedures that align with industry best practices.
• Strong understanding of enterprise risk management principles coupled with hands-on experience in fraud prevention initiatives is highly desirable.
• Demonstrated ability to interpret complex regulatory requirements—including those set forth by OJK—and translate them into actionable policies or procedures.
• Exceptional skills in reviewing contracts from both a legal risk perspective and commercial standpoint are required for success in this role.
• Experience collaborating with cross-functional teams on policy creation projects while delivering clear communication across all levels of an organisation is important.
• Ability to lead investigations into suspected breaches or fraudulent activity using sound judgement alongside external partners such as law firms when needed.
• Excellent interpersonal skills that enable you to mentor junior colleagues effectively while promoting a culture of shared responsibility for compliance outcomes.
• Familiarity with data protection protocols (PDP) as they relate to financial services operations would be advantageous for this position.
• Commitment to ongoing professional development through participation in relevant training opportunities or industry forums is valued.

What's next:

If you are ready to make a significant impact on organisational integrity while advancing your career within a supportive environment—this is your moment!

Apply today by clicking on the link provided below—your next rewarding challenge awaits!

Due to the high volume of applications we are experiencing, our team will only be in touch with you if your application is shortlisted.