Associate Director, Compliance

Job Description Summary

The Associate Director will be responsible for establishing and overseeing the compliance framework within the organization and ensuring the organization’s compliance with the anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. The role will also assist the General Counsel to ensure that the organization will carry out its activities in compliance with the regulatory requirements in Hong Kong and Bermuda and will oversee other compliance topics including distribution compliance on a need basis.

Job Description

Responsibilities:

• Act as the Money Laundering Reporting Officer (MLRO) for the Hong Kong branch.
• Monitor transactions, conduct AML risk assessments, develop, implement and update compliance policies to prevent and detect suspicious activities, and ensure organization’s adherence to local and international requirements.
• Support internal audit and regulatory inspections and investigate potential breaches or red flags.
• Design and deliver training programs for staff to ensure awareness of compliance obligations.
• Collaborate with the regulators, law enforcement, relevant authorities and Aegon Regional and Group Compliance teams to address compliance issues relevant to the organization.
• Promote a strong compliance culture in alignment with Aegon’s Compliance Charter, and work closely with the compliance team in Singapore.

Requirements:

• Minimum 7 years of compliance experience, preferably in the insurance industry, with exposure to High-Net-Worth (HNW) clients.
• Bachelor’s degree in Accounting, Finance, or Law is essential; a Master’s degree or professional certification (e.g., ACAMS) is preferred.
• In-depth knowledge of AML/CTF regulations in Hong Kong and Bermuda, and familiarity with insurance regulatory frameworks.
• Proven experience in regulatory engagement, including collaboration with authorities such as the Bermuda Monetary Authority (BMA).
• Strong leadership and team development skills, with the ability to promote a compliance culture and lead cross-border collaboration.
• Proficiency in AML/CTF software and strong analytical, organizational, and problem-solving abilities.
• Excellent communication and interpersonal skills, with the ability to manage conflict and address complex compliance issues.
• Demonstrated ability to adapt to evolving regulations and drive strategic compliance initiatives aligned with corporate values.

Equal Opportunity Employer

Aegon Asia provides equal employment opportunities for employees and applicants throughout the employment life cycle, including recruitment and selection, promotions, transfers, training and development, compensation and benefits, performance management, disciplinary procedures, Company-sponsored social and recreational programs and termination. No one will be discriminated against because of race, color, religion, sex, age, national origin, sexual orientation, gender identity, pregnancy, family circumstances, physical or mental disability, marital status, participation in the uniformed armed services or any other status protected by law.