Job Description
Our Client:
Our Client is a well-established insurance company and one of the largest in Singapore. They have been presence for over 100 years.
The Responsibilities:
* Responsible for the preparation and co-ordination work for MAS CRAFT related matters, which shall include arrangement for the management meetings, preparation of meeting materials, information gathering and other administrative matters
* Provide advisory on regulatory requirements to frontline for Business-As-Usual matters; and general compliance matters to all entities; and be involved in new initiatives / projects, if any, to assess compliance with regulatory requirements
* Providing oversight and support to the local entities and this include the review of monthly compliance communication pack submissions by the respective local entities, monitor any significant regulatory development in the respective countries
* Coordinate responses from the respective business units for MAS / LIA / GIA regulatory information requests and ensure the submission timeline to the regulators are adhered to. This would include regulatory inspection matters and tracking of resolutions, feedback to adhoc / periodic regulatory surveys and consultation papers, regulatory information requests
* Roll out Compliance Requirement Self Assessments ("CRSAs") for the applicable laws and regulations to the respective business units and work with the business unit to implement the required compliance controls. This would include to ensure the CRSA is finalised and signed off in a timely manner and tracking the resolutions of action plans when gaps are identified
* Responsible to review the compliance event reporting ("CER") from business units and local entities. This would include monitoring of the timely CER submission by business units and tracking of resolutions on action plans
* Roll out the required annual compliance eLearning for employees when required
* Assist in preparation for the necessary regular compliance related reports to various stakeholders
* Carry out ad-hoc tasks/projects as requested by the immediate Supervisor and/or Head of Group Compliance
* Assist in preparation for the necessary regular compliance related reports to various stakeholders
* Carry out ad-hoc tasks/projects as requested by the immediate Supervisor and/or Head of Group Compliance
The Requirements:
* Bachelor Degree in Accounting/Business/Finance/Insurance or any other related fields
* At least 5-8 years working experience in the area of compliance or risk management in the financial services industries
* Sound knowledge of MAS notices and other regulatory requirements affecting the insurance industry which include FAA, LIA and GIA
* Knowledge of the insurance sector will be an added advantage
* Strong report writing, communication and presentation skills
* Self-starter and proactive
* Committed and able to interact well with all levels of staff