Assistant Vice President - Risk & Compliance

The Great Eastern Life Assurance Company Limited; Singapore; On-site; SGD 140,000 - 210,000; Full time

Job summary

The Great Eastern Life Assurance Company Limited in Singapore seeks an AVP, Risk & Compliance to lead risk, compliance and governance for Group Insurance. You will work with business leaders to strengthen governance, oversee audits and regulatory matters, and promote a robust risk culture.

You will manage third‑party governance, monitor key risks, drive process improvements, and ensure adherence to regulatory requirements while supporting business transformation from a risk perspective.

Qualifications

• Has a degree in Business, Insurance, Risk Management, or a related field.
• Has at least 5 years of experience in risk, compliance, governance, audit, internal controls, or insurance operations.
• Understands risk management, governance frameworks, and regulatory requirements.
• Has experience managing audits, regulatory reviews, and remediation initiatives.
• Demonstrates strong stakeholder management, communication, and problem-solving skills.
• Is proactive, analytical, and passionate about strengthening controls and improving processes.

Responsibilities

• Lead risk, compliance and governance activities across Group Insurance.
• Oversee risk assessments, incidents and control reviews.
• Ensure compliance with regulatory and internal policy requirements.
• Coordinate audit, regulatory review and remediation activities.
• Review and enhance business processes and control frameworks.
• Support business transformation initiatives from a risk and governance perspective.
• Oversee outsourcing and third-party governance requirements.
• Monitor key risks and provide governance reporting to management.
• Promote a strong culture of risk awareness, accountability and continuous improvement.

Skills

Risk management

Regulatory compliance

Governance

Audit

Stakeholder management

Communication

Problem solving

Education

Bachelor's degree in Business/Insurance/Risk Management

Job description

As the AVP, Risk & Compliance, you will lead risk, compliance and governance activities for Group Insurance, ensuring effective controls, regulatory compliance and strong risk management practices. Working closely with business leaders and corporate functions, you will strengthen governance frameworks, oversee audit and regulatory matters, drive process improvements, and promote a strong risk and control culture across the department.

• Serve as the Department Risk Officer (DRO) and Department Compliance Officer (DCO).
• Lead risk, compliance and governance activities across Group Insurance.
• Oversee risk assessments, incidents and control reviews.
• Ensure compliance with regulatory and internal policy requirements.
• Coordinate audit, regulatory review and remediation activities.
• Review and enhance business processes and control frameworks.
• Support business transformation initiatives from a risk and governance perspective.
• Oversee outsourcing and third-party governance requirements.
• Monitor key risks and provide governance reporting to management.
• Promote a strong culture of risk awareness, accountability and continuous improvement.

• Has a degree in Business, Insurance, Risk Management, or a related field.
• Has at least 5 years of experience in risk, compliance, governance, audit, internal controls, or insurance operations.
• Understands risk management, governance frameworks, and regulatory requirements.
• Has experience managing audits, regulatory reviews, and remediation initiatives.
• Demonstrates strong stakeholder management, communication, and problem-solving skills.
• Is proactive, analytical, and passionate about strengthening controls and improving processes.
• Professional certifications and insurance industry experience will be an advantage.

• Champion and embody our Core Values in everyday tasks and interactions.
• Demonstrate high level of integrity and accountability.
• Take initiative to drive improvements and embrace change.
• Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively.
• Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/ risks to safeguard our company proactively.

Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei. The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of "AA-" by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia. Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

:SG-GE Centre

:Group Insurance