Job Duties
Responsibility for ensuring the Singapore Office’s compliance with legal, corporate and financial regulations
Responsible for the corporate secretarial function of the companies in Singapore as may be assigned, as part of corporate governance by serving the needs of the Board of Directors and the Audit Committee (AC), including collating of Board and AC papers submitted by various department heads / directors.
Develop a robust and risk based framework for corporate governance and compliance, covering accountabilities, reporting and controls.
Ensure that the Business Units fulfill their regulatory obligations as part of worldwide corporate governance responsibilities.
Ensure compliance with regulations covering financial solvency, 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 & CCO.
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
Ensure that any material breach of regulation, any material enquiry or investigation by regulator, any penalties or sanctions imposed by regulators, are reported to CCO and Group Compliance.
Draft legal documents (e.g. agreements) and provide business units with legal advice. Engage in legal negotiations.
Maintain a Compliance work plan to monitor and ensure compliance to regulations
Requirements
LL.B
5 years’ product development experience in financial services industry with at least 3 years in Compliance role and managerial role
Professional insurance qualification
Proficient in life business, fund management and fund administration operations, laws and regulations
Good knowledge of compliance regulations of Singapore, Laws and Regulations (includes other territories as assigned).
Excellent negotiation and inter-personal skills
Good in managing a team of executives.
Interested candidates please quote ref. no. L-COM-119 and send your detailed resume to miles@recruit-legal.com
