MetLife Nepal
Insurance Companies

MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing life insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.

About MetLife Nepal

MetLife has been operating in Nepal since 2001 as a branch of American Life Insurance Company, incorporated in the USA, subsidiary of MetLife, Inc. In Nepal, MetLife provides consumers and businesses with life insurance, accident & health insurance and employee benefits (group insurance). For more information, visit www.metlife.com.np or call +977 1 5455166

Ethics & Compliance – Officer/Senior Officer

Views: 2366 | This job is expired 2 years ago

Basic Job Information

Job Category	:	Banking / Insurance /Financial Services
Job Level	:	Mid Level
No. of Vacancy/s	:	[ 1 ]
Employment Type	:	Full Time
Job Location	:	Kathmandu
Offered Salary	:	Negotiable
Apply Before(Deadline)	:	Apr. 17, 2023 23:55 (2 years ago)

Job Specification

Education Level	:	Graduate (Masters)
Experience Required	:	More than or equal to 2 years

Other Specification

A broad understanding of life insurance business in the areas of operational risk management, AML/CFT, local laws including insurance regulations, internal control and compliance
Preference will be given to one who has exposure on financials of life insurance business.
Good command of English & Nepali language in speaking, writing, and presenting.
Competencies & skills in - communication, change management, business acumen, stakeholders’ influencing & engagement, challenge & speak truth to power, Proficient in Microsoft office suite.

Education:

Master’s degree within minimum of 2nd division or equivalent, CA/CFA.

“Compensation: As Per Company Rule"

Job Description

Reports To: Head of Risk & Compliance, Nepal

Main Responsibilities:

Responsible for carrying out all activities in accordance with the Compliance Risk Management Program, Ethical Standards, and in line with MetLife Policy and Procedures.
Review existing company policies and procedures to ensure that the local regulations are adequately incorporated and ensure that the Business has trained end users on the policy/procedures.
Perform monitoring & testing of controls as per the plan. Appropriately document results, issues and action plans (as applicable) in the Compliance System.
Implementation of compliance programs around other Compliance Key Risk Areas, including Anti-Bribery and Corruption, Anti-Money Laundering and Privacy, on a risk-based approach.
Implementation and management of the MetLife Non-Financial Risk Assessment (NFRA) program in the Nepal operation – including effective monitoring and testing, issues escalation and remediation.
Responsible for performing a comprehensive program for ensuring compliance with the applicable regulatory requirements including regulatory filings.
Support initiatives to ensure that customers are treated fairly and complaints are handled in line with regulations/company requirements.
Conduct Compliance inspections of Sales Offices and provide support in conducting Sales Practice related investigations.
Perform risk-based analytics of the business; and provide outcomes to local stakeholders, where immediate attention is required.
Perform special assignments of a highly complex and/or sensitive nature as directed by the compliance head and provides support to special projects requested by local management as when necessary.
Assist in the preparation of Compliance reports and Report and monitor the progress of the compliance activities to the Compliance head.
Responsible for conducting compliance trainings, awareness campaigns, surveys and workshops for the business in order to improve the control environment.