Enterprise Risk Management Specialist (PFA)

Prudential Services Asia; Singapore; On-site; SGD 90,000 - 150,000; Full time

Job summary

Prudential Services Asia is seeking a seasoned risk and compliance professional in Singapore to align with group frameworks and advise business units on regulatory requirements and risk mitigation. The role oversees outsourcing risk, third-party activities, and technology/data risk from the second line perspective.

The ideal candidate has 5–8 years in risk/compliance, familiarity with MAS outsourcing guidelines, and strong communication and stakeholder management skills for governance forums and

Qualifications

• 5-8 years of experience in risk and/or compliance roles.
• Exposure to the Financial Advisers sector, regulatory compliance, and risk management is highly valuable.
• Strong knowledge of regulatory requirements (e.g. MAS guidelines on outsourcing, technology risk, and related regulations) and risk governance frameworks.
• Experience in third-party risk, technology risk and data risk assurance reviews.
• Strong communication, analytical, and stakeholder & project management skills.

Responsibilities

• Ensure alignment with group compliance and risk frameworks.
• Advise business units on compliance issues, regulatory requirements and risk mitigation strategies.
• Maintain and execute the annual compliance plan, ensuring timely completion of activities.
• Exercise oversight on third party and outsourcing risk, ensuring alignment with internal frameworks, policies and procedures.
• Support independent assurance reviews of outsourced activities and ensure regulatory and internal standards compliance.
• Review outsourcing scope to ensure robust risk and compliance oversight and monitor KRIs for outsourcing and third-party risk.
• Oversee and provide independent challenge on technology, cyber and data risks from second line perspective.
• Support regulatory requirements on technology risk management and cyber resilience.
• Monitor and report IT/data risk issues, incidents and remediation to governance forums.
• Conduct risk-based reviews to validate control design and effectiveness.
• Perform risk and control self-assessments (RCSA) and control testing to evaluate effectiveness.
• Support projects, reviews and initiatives as directed by Head of Risk and Compliance.

Skills

Regulatory knowledge

Risk management

Communication

Stakeholder management

Analytical thinking

Education

Degree in any discipline

Relevant professional qualifications in risk or compliance

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.

Job Description:

• Ensure alignment with group compliance and risk frameworks.
• Advise business units on compliance issues, regulatory requirements, and risk mitigation strategies.
• Maintain and execute the annual compliance plan, ensuring timely completion of activities.
• Exercise oversight on third party and outsourcing risk, ensuring alignment with internal frameworks, policies, and procedures.
• Support and coordinate independent assurance reviews of outsourced activities performed by intragroup entities, ensuring compliance with regulatory and internal standards.
• Review and reassess the scope of work in outsourcing arrangements to ensure robust risk and compliance oversight, and define, monitor, and report on Key Risk Indicators (KRIs) related to outsourcing and third-party risk, enabling proactive risk management and timely escalation of emerging issues.
• Oversee and provide independent challenge and assurance on technology, cyber and data risks from second line perspective.
• Supporting and advise compliance with regulatory requirements on technology risk management and cyber resilience in line with regulatory expectations.
• Monitor and report on IT/data risk issues, incidents, and remediation status to governance forums.
• Conduct risk-based reviews to validate control design and effectiveness.
• Perform risk and control self-assessments (RCSA) and control testing to evaluate effectiveness.
• Support projects, reviews, and initiatives as directed by the Head of Risk and Compliance.

Who we are looking for:

Experience in regulated financial institutions / insurance, with strong regulatory knowledge and risk management expertise. Excellent communicator, ability to translate regulatory requirements and communicating risk issues clearly to the business. Nimble and flexible to change, able to adapt to fast-paced and changing situations. Highly detail-oriented and meticulous with strong assurance mindset.

Working Experience:

• 5-8 years’ experience in risk and/or compliance roles.
• Exposure to the Financial Advisers sector, regulatory compliance, and risk management are highly valuable.
• Strong knowledge and familiarity with regulatory requirements (e.g. MAS Guidelines on outsourcing, technology risk and other relevant regulations) and risk governance frameworks.
• Experience in third-party risk, technology risk and data risk assurance reviews.
• Strong communication, analytical, and stakeholder & project management skills.

Education:

Degree in any discipline. Relevant professional qualifications in risk or compliance.

Equal Opportunity:

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.

Company Overview

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