- JN -052023-1937969
- May 26, 2023
My client, a leading insurance firm, is currently hiring in their compliance team. The right candidate should have at least 5 years of experience in a similar role.
You will be part of a team responsible for driving and implementing the Compliance Risk Management Framework and ensuring compliance with relevant laws and regulations across all entities within the organization. In this role, you will provide guidance and support to business units, address regulatory requirements, and contribute to the overall compliance efforts.
- Provide advisory services to business units regarding regulatory requirements and offer practical compliance advice to meet regulatory, industry, and internal requirements.
- Support local entities in complying with general compliance matters and Group initiatives, including adapting Group policies, standards, and guidelines as needed.
- Collaborate with the parent company and other stakeholders to oversee entities, handle regulatory matters, respond to information requests, and address queries from regulators. * Coordinate the annual Compliance Requirement Self Assessments for applicable laws and regulations.
- Identify gaps, develop remediation plans, and monitor progress until closure.
- Provide oversight, compliance advisory, and necessary training to business units on key regulatory requirements (e.g., FATCA/CRS, Insider Trading, Volcker Rules) and assist in resolving issues and queries from regulators.
- Conduct risk-based compliance assurance reviews on business processes, identify gaps, escalate risks, and collaborate with business units to implement remedial actions.
- Bachelor's degree, preferably in Business, Insurance, or Finance-related fields.
- Minimum of 5-6 years of working experience in compliance/internal audit within the financial services industry.
- Strong knowledge of regulatory and industry requirements in the insurance/financial industry, such as relevant acts, notices, guidelines, and association guidelines (Insurance Act, Financial Advisers Act, MAS Notices/guidelines, Life Insurance Association guidelines, Financial Holding Companies Act)
- Preferably, familiarity with the insurance industry and its operations.
- Self-motivated and independent, with excellent attention to detail, analytical, and problem-solving skills.
- Effective communication, report writing, and interpersonal skills.
Only shortlisted candidates will be responded to, therefore if you do not receive a response within 14 days please accept this as notification that you have not been shortlisted.
Morgan McKinley Pte Ltd EA Licence No: 11C5502 | EAP Registration No: R1549612 Dhanushi De Silva