Compliance Manager - Insurance

Argyll Scott; Singapore; On-site; SGD 80,000 - 100,000; Full time

Job summary

A financial services recruitment firm in Singapore is looking for a Compliance Manager for a 12-month contract. The role involves conducting investigations related to market misconduct, performing compliance reviews, and liaising with regulators. Candidates should have over five years of experience in regulatory compliance, preferably in the insurance sector, along with excellent communication skills and a legal background. A competitive salary and benefits package are offered.

Benefits

Competitive salary

Benefits package

Qualifications

• 5+ years of experience in regulatory compliance and reporting.
• Strong experience in financial crime compliance in insurance.
• Familiarity with licensing and regulatory processes in Singapore.

Responsibilities

• Conduct investigations related to market misconduct complaints.
• Perform compliance reviews and monitor follow-up actions.
• Liaise with Regulators and Government Agencies.
• Maintain compliance policies and procedures.

Skills

Regulatory compliance and reporting

Communication skills

Stakeholder management

Negotiation skills

Education

Degree holder preferably with a legal background

Job description

Compliance Manager - Insurance 12 months contract Argyll Scott•Singapore

• 12 months contract, extendable
• Insurance compliance Singapore: market conduct, financial advisory act, licensing matters,
• 5 years plus experience in regulatory compliance and reporting
• Good understanding of Insurance products and business
• Great salary and benefits

The Job scope is as below:

Conduct investigations in relation to market misconduct complaints and follow-up actions;

Perform market conduct compliance reviews, monitor and implement follow[1]up actions;

• Liaise with the Regulator and relevant Government Agencies;
• Maintain and revise policies and procedures for the general operation of distribution compliance activities;
• Assist in the preparation of Compliance reporting relevant for Compliance meetings;
• Cover duties of team leader and members in his/her absence; and
• Any other ad-hoc duties and projects assigned by the Head of Distribution Compliance and or Head of Compliance Advisory for Insurance

Knowledge and Experience

Degree holder preferably with a legal background with strong experience in regulatory and financial crime compliance, prior experience with large insurance companies , Financial Advisory firms /or financial institutions in Singapore is a must.

• Significant experience in the financial services industry particularly handling compliance advisory across a wide spectrum of activities involving licensing/ distribution of Life Insurance, Unit Trust, other investment products.
• Excellent communication and inter-personal skills, with experience of dealing with stakeholders at all levels including the capacity to articulate the case for risk management and policy in the language of business.
• Experience of dealing with regulatory matters and confident interaction with Regulators.
• Experience of working within a matrixed environment preferred including reporting internationally.
• Excellent negotiation & influencing skills with the ability to engage diverse set of audience both internal as well as external.
• Experience with internal audit function would be an added advantage.
• Prior work experience with enforcement agencies conducting investigation or conducting internal audit review is a strong preference.