Assistant Manager, Distribution Onboarding

Income Insurance Limited; Singapore; On-site; SGD 70,000 - 100,000; Full time

Job summary

A leading insurance company is seeking a compliance expert to oversee the onboarding of Financial Advisers Representatives. This role involves managing due diligence, monitoring compliance, and ensuring regulatory adherence, alongside liaising between various departments. Ideal candidates will have a strong background in financial services compliance, coupled with excellent communication and stakeholder management skills, to drive continuous improvement in onboarding workflows.

Qualifications

• 5+ years of experience in compliance or onboarding within financial services.
• Strong knowledge of MAS regulations and Fit & Proper guidelines.
• Familiarity with market conduct investigations and close monitoring frameworks.

Responsibilities

• Lead onboarding processes for Financial Advisers Representatives (FARs).
• Conduct Mid-Year and Final Reviews for risk monitoring.
• Manage Annual Declaration Exercise for all FARs.

Skills

Communication

Documentation

Stakeholder Management

Detail-oriented

Proactive Team Player

Education

Degree in Business, Finance, Law, or related field

Tools

MASnet

Internal Compliance Systems

Job description

Key Responsibilities

1. Due Diligence & Onboarding of Financial Advisers Representatives (FARs)

• Lead and execute end-to-end onboarding processes for FARs, including:

• Conducting reference checks in line with MAS guidelines.

• Performing Fit & Proper assessments to ensure regulatory compliance.

• Coordinating updates to MASnet, internal systems, and Advisers Master Listing.

• Liaising with insurance providers to set up sales codes for new representatives.

1. Monitoring & Risk Reporting

• Oversee Close & Credit Monitoring for FARs under observation:

• Conduct Mid-Year and Final Reviews.

• Prepare and submit Quarterly Risk Reports to Risk & Compliance.

• Ensure timely escalation of risk concerns and maintain audit-ready documentation.

1. Introducer Onboarding & Oversight

• Conduct due diligence for the onboarding of Individual and Corporate Introducers.

• Perform quarterly reviews of flagged unauthorised introducers and coordinate with Risk & Compliance for resolution.

1. Annual Declaration & Compliance Review

• Manage the Annual Declaration Exercise for all FARs.

• Review declarations and initiate Fit & Proper reassessments where necessary.

• Ensure alignment with MAS’s regulatory expectations and internal compliance standards.

1. Leadership & Collaboration

• Act as a liaison between Compliance, Risk, and Business Units to ensure smooth onboarding and monitoring processes.

• Guide junior staff and support the continuous improvement of onboarding workflows.

• Stay updated on MAS regulatory changes and ensure internal processes remain compliant.

Requirements:

• Degree in Business, Finance, Law, or related field.

• 5+ years of experience in compliance or onboarding within financial services.

• Strong knowledge of MAS regulations and Fit & Proper guidelines.

• Skilled in reference checks, risk reviews, and regulatory reporting.

• Proficient in communication, documentation, and stakeholder management.

• Detail-oriented, adaptable, and a proactive team player.

• Familiarity with MASnet and internal compliance systems.

• Exposure to market conduct investigations and close monitoring frameworks.