Assistant Vice President - Risk & Compliance

Great Eastern; Singapore; On-site; SGD 180,000 - 240,000; Full time

Job summary

Great Eastern in Singapore seeks an AVP, Risk & Compliance to lead risk, compliance and governance for Group Insurance, ensuring strong controls and regulatory adherence.

You will partner with business leaders, oversee audits and regulatory reviews, drive improvements, and promote a risk-aware culture across the department. Requires degree in Business/Insurance/Risk Management and at least 5 years' experience; professional certifications are a plus.

Qualifications

• Degree in Business, Insurance, Risk Management or related field.
• At least 5 years of experience in risk, compliance, governance, audit, internal controls or insurance operations.
• Understanding of risk management frameworks and regulatory requirements.
• Experience managing audits, regulatory reviews and remediation initiatives.
• Strong stakeholder management, communication and problem-solving skills.
• Professional certifications and insurance industry experience are an advantage.

Responsibilities

• 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.

Skills

Risk management

Governance

Regulatory knowledge

Audits

Stakeholder management

Communication

Problem solving

Analytical

Proactive

Change management

Education

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.

How You Succeed

• 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.

Who We Are

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.

Work Locations

SG-GE Centre