Distribution Compliance Officer (1 Year Contract)

Prudential Services Asia; Singapore; On-site; SGD 60,000 - 100,000; Full time

Job summary

Prudential Services Asia seeks a Compliance Reporting and Data Analytics professional to ensure timely reporting, monitor misconduct trends, and conduct thorough investigations into suspected agency misconduct. You will engage stakeholders to ensure fair assessments and uphold regulatory standards within the insurance environment.

You will leverage Excel, Power BI and Python to deliver insightful analyses and drive compliance process improvements across distribution channels.

Qualifications

• Degree in any discipline and strong data analytics skills.
• Familiarity with Excel, Power BI and Python for data analysis.
• Understanding of regulatory requirements in the insurance industry.

Responsibilities

• Ensures compliance reporting, misconduct trend and data analysis related to distribution channels within timelines.
• Investigates suspected agency misconduct and recommends appropriate actions.
• Engages stakeholders to ensure fair assessments and uphold market conduct standards.
• Drives initiatives to improve compliance processes and efficiency.

Skills

Data analysis

Project management

Excel

Power BI

Python

Regulatory knowledge

Education

Degree in any discipline

Insurance qualifications (M5, M9)

Job description

Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

In this role, you will ensure timely compliance reporting, misconduct trend monitoring, and data analysis for distribution channels, while conducting thorough investigations into suspected agency misconduct and recommending appropriate actions. You will engage stakeholders to ensure fair assessments, uphold regulatory and market conduct standards, and drive initiatives to enhance compliance and process efficiency, leveraging strong data analysis, problem-solving, and stakeholder management capabilities within the insurance environment.

Job Description:

• Ensures that compliance reporting, misconduct trend and data analysis related to distribution channels are completed within stipulated timelines by the team.
• Ensures that thorough analysis is conducted into suspected agency misconduct issues, recommends and ensures appropriate actions are taken to address substantiated undesirable sales behaviour.
• Engages customers and distribution channels to obtain information for a fair and thorough assessment of alleged misconduct.
• Maintains discipline and compliance to prescribed market and business conduct for the distribution channels.
• Competent and conversant with the relevant contents and requirements of applicable regulations, industry standards, Regional Compliance Standards and business rules.
• Participates and delivers projects and/or initiatives to meet internal and regulatory requirements and improve internal process efficiencies.

Who we are looking for:

Competencies & Personal Traits

• Effective communicator and influencer
• Effective in problem solving
• Effective in project management and change management
• Good understanding of financial industry, and familiar with insurance operations (preferred)
• Familiar with FAA and MAS regulations and industry guidelines applicable to insurance industry (preferred)

Working Experience:

• 2 years of experience with in-depth data analysis and project management
• Experience in data analysis related to insurance sales and/or agent misconduct would be an added advantage

Education:

• Degree in any discipline
• High proficiency in use of Excel and/or data analytics (such as PowerBI, Python)
• Relevant insurance qualifications (such as M5, M9, etc)

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.

We are Prudential. For every life, we are partners. For every future, we are protectors.

Prudential plc provides life and health insurance and asset management to 17 million customers across 20 markets in Asia and Africa.

We are headquartered in Hong Kong and have dual primary listings on the Stock Exchange of Hong Kong and the London Stock Exchange.

We are focused on four strategic regions: Greater China, ASEAN, India and Africa.

Our customers are served by around 55,000 agents and more than 200 bank partners.

Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America or with the Prudential Assurance Company, a subsidiary of M&G plc, a company incorporated in the United Kingdom.

Find out more at www.prudentialplc.com Follow us on LinkedIn