Description and Requirements
■Role Summary
The Compliance Risk Management (“CRM”) manages the firm’s compliance risks to prevent violations of law, rule, or regulation, and designs and delivers a compliance risk management framework that maintains risk levels within the firm's risk appetite and protects the franchise. CRM is a risk-based department, focused on emerging risks, and providing constructive challenge to the business and functions, partnering closely with them to implement strong processes and effective controls, as well as to better foster and embed a culture of compliance. CRM monitors trends and changes in regulations and develops and implements firmwide and divisional policies and procedures.
This position will serve as Compliance Officer for the investment management real estate business of MetLife Investment Management Limited (MIMJ) in Japan. MIMJ is registered with the Financial Services Agency (FSA) for Type II Financial Instruments, Investment Advisory, and Agency and Investment Management business. This role will act to provide ongoing compliance advice, counsel and oversight to the regulated entity and its personnel as it pertains to the real estate business. This role will need to offer credible challenge, escalation of issues and reporting, as appropriate, and working closely with the Investments teams to implement controls and guidelines while ensuring compliance with global and regional policies, procedures and standards, law, rule and regulation. This role entails working closely and collaborating with Investments leadership, legal, other compliance teams while focusing on strategic initiatives and emerging issues.
This role would be expected to stay abreast of all applicable laws, rules and regulations ensuring they are then incorporated with advice offered to the Investments team. This role will partner with the first line to develop appropriate risk mitigation strategies and controls, conducting monitoring and testing to ensure that all local investment activities and the employees responsible for investing on behalf of the company comply with regulatory requirements and company standards. This role will work collaboratively with Investments professional and senior managers across globally and with other Investments Department risk control organizations, including Risk Management, Legal, and Internal Audit. This role is a critical position to ensure that FSA requirements have been effectively implemented across the MIMJ entity and ensure that the appropriate governance and control environment is developed to become compliant with any future regulatory developments.
Working alongside other compliance professionals, you will be a pro-active Compliance officer. Anticipating where issues may arise is critical, and the ability to get ahead of regulatory expectations is key to success in the role. The individual will be required to make sound judgment-based decisions and answer complicated compliance risk-related questions, put appropriate controls in place to mitigate risks, and exercise judgment to know when issues need to be further escalated to senior management for consideration and deliberation.
■Key Responsibilities
- Provide advisory compliance and strike the balance between serving as trusted advisor to the business and encouraging a culture of robust challenge to the business.
- Review existing Real Estate compliance policies and procedures and make enhancements to strengthen processes, procedures and policies and stay head of regulatory requirements and expectations under FSA regulations.
- Issue spot, analyze, and dimension the complexity of risks and regulations; handling complex issues and engaging with regulators where required.
- Interface with business stakeholders to ensure effective awareness of key compliance risk areas and develop and implement mandatory and targeted training on relevant compliance regulations and processes.
- Working with the wider compliance team to develop, execute and maintain a monitoring and testing plan to ensure that controls are operating as intended and prepare regular reporting on compliance activities.
- Interacting on various Debt and Equity Real Estate transactions from an asset management perspective
- Coordinate privacy, Anti-Financial Crime / AML issues with stakeholders.
- Prepare and file required documentation for the FSA or other relevant external authorities on a routine and ad-hoc basis.
- Stay abreast of changes in the regulatory environment and analyze the business impact of regulatory changes.
- Work collaboratively with business partners and senior leaders including those in IT, Legal Affairs, Corporate Licensing, and Internal Audit.
- Advise on and provide credible challenge to compliance with relevant laws, regulations, and compliance policies.
- Provide meaningful compliance reporting to senior management
Essential Business Experience and Technical Skills:
- 10+ years relevant and suitable Real Estate Compliance experience gained with an FSA registered investment management firm
- Extensive knowledge of applicable rules and regulations
- Demonstrated ability to assess risk and communicate results to senior management.
- Demonstrated ability to analyze risks and controls, determining when controls are not operating effectively and act accordingly.
- Excellent oral communication skills, including ability to communicate with all levels of management.
- Demonstrated ability to translate and communicate requirements, enabling business partners to better understand requirements, working together toward implementation of solutions.
- Dedicated, self-motivated with an ability to work independently as well as being a team player
- Ability to communicate in English will be helpful
MetLife Japan offers a comprehensive benefits package that promotes work-life balance and employee wellbeing. Employees can take advantage of flex time policy and a generous time-off policy, national holidays, annual paid leave, special consecutive leave, and refreshment leave. We also provide full social insurance coverage, a commuting expense reimbursement, group insurance, and discounts on travel and English language lessons. To support work flexibility, employees also have hybrid work options, shortened working hours for parents with children in third grade or below, and a casual dress code.
MetLife Inc., through its subsidiaries and affiliates (MetLife), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help individual and institutional customers build a more confident future. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Asia, Latin America, Europe and the Middle East.
MetLife Japan began operations in February 1973 as Japan’s first foreign-owned life insurance company. Our purpose, “Always with you, building a more confident future,” encapsulates our strong commitment to leveraging our global network and best practices worldwide to stand with our customers and build trust with our communities.