Assistant Manager, Risk & Compliance

ACCA Careers; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A global insurance company based in Singapore seeks a Risk and Compliance Specialist to ensure business integrity through a robust risk framework. The successful candidate will support the development of the Enterprise Risk Management framework, oversee compliance matters, and conduct risk analyses. Ideal applicants hold a Bachelor's degree and possess 5-6 years of experience in risk management within the insurance sector. Strong knowledge of local financial regulations is essential for this role.

Qualifications

• 5-6 years of experience in risk and compliance functions, preferably in insurance.
• In-depth understanding of MAS requirements.
• Experience engaging with senior stakeholders on reports.

Responsibilities

• Support development of the ERM framework and processes.
• Act as local Compliance Officer in Singapore.
• Conduct risk analyses and provide decision support.
• Manage ERM processes like risk assessments and stress testing.
• Ensure compliance with local regulations, aligning with Group practices.

Skills

Analytical skills

Understanding of financial regulations

Risk management

Stakeholder engagement

Knowledge of underwriting processes

Education

Bachelor's degree in Accounting, Finance, or Risk Management

Job description

About The Company

A prominent organization in the global insurance industry with a strong presence across the APAC region. Join a company that values integrity and a proactive approach to risk management, offering a dynamic and supportive environment to grow your career.

About The Job

Take on a critical role ensuring the business operates with integrity by supporting the risk and compliance framework across the APAC region.

• Support the development and enhancement of the Enterprise Risk Management (ERM) framework and processes for the business.
• Serve as the primary local Compliance Officer, acting as the key contact point for internal, external, and regulatory compliance matters in Singapore.
• Oversee the effective management of risk as part of the second line of defence, including conducting deep-dive risk analyses and providing decision-support assessments.
• Manage and execute key ERM processes, such as risk and control assessments, stress testing, and emerging risk identification.
• Ensure all compliance systems and controls meet local regulatory requirements, including those set by MAS, and align with Group Conduct Risk and Financial Crime practices (AML, sanctions, anti-bribery).

Skills And Experience Required

• Bachelor's degree in a relevant field such as Accounting, Finance, or Risk Management.
• Approximately 5-6 years of experience, preferably within the insurance sector, focused on risk and compliance functions.
• In-depth understanding of local financial regulations, specifically MAS requirements.
• Proven analytical and qualitative risk management skills, with some experience in challenging and engaging senior stakeholders on reports.
• Good working knowledge of underwriting processes and insurance products.

To apply online please use the 'apply' function, alternatively you may contact Lynette Lim.