Job Duties
Responsibility for ensuring the Singapore Office’s compliance with legal, corporate and financial regulations
Assist in developing and maintaining a robust and risk based framework for compliance, covering accountabilities, reporting and controls.
Ensure that the Business Units fulfill their regulatory obligations.
Ensure compliance with regulations covering financial solvency, product features and materials, customer protection, market & business conduct.
Ensure that the company maintains a good relationship with Monetary Authority of Singapore, Life Insurance Association and other government bodies
Provide assurance to the Management on the mitigation of key risk areas, execution of sound fiscal policies, compliance and regulatory responsibilities.
Provide information on the assurance to business risks and compliance audit reports to Management.
Ensure that products or services provided or to be provided comply with the relevant regulations and guidelines.
Ensure that material changes to the relevant financial regulations or changes to compliance roles, responsibilities and structures are reported
Advise relevant parties on implication of new and existing regulations, interpretation of laws and oversee the gap analysis and action plan required:
Maintain a structured database of the applicable regulations, their changes, licenses, risk profiles and relevant developments as a reference base
Research and provide advice on new and strategic business developments.
Maintain a Compliance work plan to monitor and ensure compliance to regulations (using risk based approach).
Requirements
3 years’ product development experience in financial services industry in Compliance role and managerial role
Professional insurance qualifications
Proficient in life business laws and regulations
Good knowledge of compliance regulations of Singapore, Laws and Regulations (includes other territories as assigned).
Good negotiation and inter-personal skills
Good relationship management skills
Interested candidates please quote ref. no. L-COM-117 and send your detailed resume to miles@recruit-legal.com
