Compliance Officer – ANZ (3+ Years & Insurance / Financial Services)

Role Overview

Assurant is seeking a highly motivated and experienced Compliance Officer to join our team in Bengaluru, India. This role is a crucial part of the Line 2 Risk and Compliance function, supporting the effective management of Compliance Risk for the Australia and New Zealand (ANZ) region. You will play a key role in designing, implementing, and monitoring Assurant's approach to Compliance Risk management, providing recommendations, support, and solutions to meet compliance requirements and business needs. This position requires a strong understanding of the financial services and insurance industries, as well as experience in compliance frameworks, policies, and procedures.

Day in the Life

As a Compliance Officer, your day will be dynamic and varied. You might start by reviewing the ANZ Compliance reporting calendar to ensure all deadlines are met. You'll spend time managing the Compliance mailbox, ensuring documents are properly stored and filed. A significant portion of your day may be dedicated to incident management, working with business stakeholders to address and resolve compliance issues effectively. You will also investigate and respond to complaints and disputes, ensuring fair and timely resolution. Additionally, you'll assist with compliance assurance, monitoring, and supervision activities. Collaboration is key, as you'll support business stakeholders in implementing key obligations and risk controls. Finally, you will spend time reviewing compliance documents and staying abreast of all regulatory updates to ensure full compliance.

Why Bengaluru?

Bengaluru, often referred to as the "Silicon Valley of India," is a vibrant and dynamic city that offers numerous opportunities for professional growth and personal enrichment. The city is a hub for technology, finance, and innovation, attracting top talent from across the country and around the world. Working in Bengaluru provides access to a diverse and skilled workforce, as well as a thriving business ecosystem. The city boasts a cosmopolitan culture, with a wide range of restaurants, entertainment options, and cultural attractions. Additionally, Bengaluru enjoys a pleasant climate and a relatively low cost of living compared to other major metropolitan areas. Assurant's presence in Bengaluru offers a stable and supportive work environment, with opportunities for career advancement and personal development. Furthermore, Bengaluru's strategic location provides easy access to other major cities in India and Southeast Asia, making it an ideal location for regional and international business operations.

Career Path

At Assurant, we are committed to providing our employees with opportunities for growth and development. The Compliance Officer role is an excellent starting point for a career in compliance management within the financial services and insurance industries. With experience and proven performance, you can advance to roles such as Senior Compliance Officer, Compliance Manager, or even Head of Compliance. We offer comprehensive training programs and mentorship opportunities to help you develop the skills and knowledge necessary to succeed. Additionally, Assurant's global presence provides opportunities for international assignments and career advancement in different regions. We encourage our employees to take ownership of their career paths and provide the resources and support they need to achieve their goals. Your career trajectory can also branch into specialized compliance areas such as regulatory affairs, anti-money laundering (AML), or data privacy, depending on your interests and expertise.

Salary & Benefits

The salary range for the Compliance Officer role in Bengaluru is competitive and commensurate with experience. In addition to a competitive salary, Assurant offers a comprehensive benefits package, including health insurance, paid time off, retirement savings plan, and professional development opportunities. We are committed to providing our employees with a supportive and rewarding work environment. We offer health insurance, including medical, dental, and vision coverage, and a generous paid time off policy that includes vacation, sick leave, and holidays. Our retirement savings plan includes a company match, helping you save for your future. We also offer professional development opportunities, such as training and certifications, to help you enhance your skills and knowledge. Additionally, we offer an employee assistance program (EAP) for confidential counseling and support. We are committed to the well-being of our employees and offer wellness programs to promote health and fitness.

Culture at Assurant

Assurant is a global provider of risk management solutions, protecting what matters most to our clients and their customers. Our culture is built on a foundation of integrity, respect, and collaboration. We are committed to providing a diverse and inclusive work environment where all employees feel valued and respected. We encourage our employees to be innovative, creative, and results-oriented. We offer a supportive and collaborative work environment where you can learn from your colleagues and grow your career. We value teamwork and encourage our employees to work together to achieve common goals. We are committed to providing our employees with the resources and support they need to succeed. We foster a culture of continuous improvement and encourage our employees to seek out new ways to improve our processes and services. Assurant also places a high value on giving back to the community, with various volunteer opportunities and charitable initiatives available to employees.

How to Apply

If you are interested in joining our team as a Compliance Officer in Bengaluru, we encourage you to apply online through our careers website. Please submit your resume and cover letter, highlighting your relevant experience and qualifications. Our recruitment team will review your application and contact you if you are selected for an interview. The interview process may include phone interviews, in-person interviews, and assessments. We are committed to providing a fair and transparent recruitment process. We encourage you to research Assurant and the Compliance Officer role before your interview. Be prepared to discuss your experience, skills, and qualifications, as well as your interest in joining our team. Also be ready to show real examples of how you overcame compliance issues in the past using proven problem-solving methods. We look forward to receiving your application!

FAQ

1. What are the key responsibilities of a Compliance Officer at Assurant? The Compliance Officer is responsible for supporting the effective management of Compliance Risk for the Australia and New Zealand region, assisting with the development and review of compliance frameworks, policies and procedures, managing the Compliance mailbox, investigating and responding to complaints, and supporting compliance assurance activities.
2. What qualifications are required for this role? Candidates should have at least 3 years of experience in a compliance role or similar function, appropriate industry experience in financial services (general insurance is an advantage), and a graduation and certification in an insurance or business-related discipline.
3. What skills are important for a Compliance Officer at Assurant? Key skills include competence in understanding complex business models and documentation, basic knowledge and understanding of the compliance landscape, good working knowledge of end-to-end compliance operations, and good communication skills.
4. What is the work timing for this position? The work timing for this position is 7:00 AM IST - 4:00 PM IST.
5. What benefits does Assurant offer its employees? Assurant offers a competitive salary and benefits package, including health insurance, paid time off, retirement savings plan, professional development opportunities, and an employee assistance program.
6. What is the career path for a Compliance Officer at Assurant? With experience and proven performance, you can advance to roles such as Senior Compliance Officer, Compliance Manager, or even Head of Compliance. Assurant also offers opportunities for international assignments and career advancement in different regions.
7. What is the company culture like at Assurant? Assurant's culture is built on a foundation of integrity, respect, and collaboration. The company is committed to providing a diverse and inclusive work environment where all employees feel valued and respected.
8. What kind of training and development opportunities are available? Assurant offers comprehensive training programs and mentorship opportunities to help employees develop the skills and knowledge necessary to succeed. The company also provides opportunities for professional certifications.
9. What is Assurant's approach to work/life balance? Assurant recognizes the importance of work/life balance and offers flexible work arrangements and generous paid time off policies to help employees manage their personal and professional lives.
10. How does Assurant support employee well-being? Assurant offers wellness programs to promote employee health and fitness, as well as an employee assistance program (EAP) for confidential counseling and support.