Compliance officer, Insurance

Implementing the organizations compliance programme with cross-functional teams to mitigate sanctions risks and documentary compliance with the company s ship management operations

Key Roles and Responsibilities

Performing sanctions compliance check for vessels calling sanctioned countries, including due diligence functions to screen the cargo and counter-parties to confirm no red-flags


Seek external lawyer s advice to confirm no breach of sanctions, notify ship-owners and higher management for corrective action


Screening and due diligence function prior to company contracting with individuals and companies

And thereafter, periodic, and regular screening on individuals and entities as required


Retaining documentary records of all findings, including mandatory record-keeping as required


Monitor changes to the Sanctions regimes and advise the compliance manager and follow up on the corrective appropriate actions


Settlement of invoices for all invoices related to compliance function


Monitor port situations, trading conditions

War Risk areas and answer operational queries there-off internal, of ship-owners and of ships


Follow up and close-out of Condition Surveys, including P&I condition survey for all vessels


Arranging precautionary surveys for vessels where necessary/requires


Ensure compliance with new takeover reporting requirements


Review/filing of certificates related to vessel insurances, including entry of Co-assureds on the insurance certificates and follow up with tech groups/Owners on the correction of information


Reporting of Trading limits breach, US voyage declaration, Declaration on carriage of persistent/non-persistent cargo, COFR declaration


Responsible for review of Managers Undertaking and Ship-management agreement clauses under the supervision of compliance manager


Undertaking any other duties as may be requested by the department Head

Job Experience, Functional Knowledge and Qualifications
Law or Shipping Degree from a recognized Institute or University;
Preferred 2 years experience in marine insurance
Good understanding of marine insurance and practice;
Competent language skills in English and Chinese (verbal and written), Mandarin will be an advantage;
Good interpersonal and communication skills