Executive, Operations Risk & Compliance

Income Insurance Limited; Singapore; On-site; SGD 65,000 - 90,000; Full time

Job summary

Income Insurance Limited is seeking a professional with a product compliance background to join our Investment Operational Risk and Compliance team. You will oversee ILP product documentation and customer disclosures to ensure alignment with regulatory requirements, internal policies, and governance standards across the product lifecycle.

The role requires 2–3 years of ILP compliance experience, familiarity with MAS regulations, and strong communication and interpersonal skills to engage diverse

Qualifications

• Degree in Finance, Accounting, Business or equivalent.
• 2–3 years of ILP product compliance experience.
• Familiarity with MAS regulations, notices and guidelines pertaining to ILP products.
• Good communication and writing skills with ability to present to diverse stakeholders.
• Team player with good interpersonal skills, able to work independently.

Responsibilities

• Review ILP product documentation and customer-facing materials to provide compliance guidance.
• Provide independent compliance review on new ILP launches, enhancements and material changes.
• Monitor regulatory developments and implement enhancements to product compliance frameworks and controls.
• Collaborate with Investment Operational Risk team to review ILP product risks and controls.
• Handle regulatory reporting related to ILP products.

Skills

Regulatory compliance

MAS regulations

Communication skills

Stakeholder engagement

Team player

Independent work

Education

Degree in Finance/Accounting/Business

Job description

We are looking for a professional with product compliance background to join our team in Investment Operational Risk and Compliance. You will be supporting the review and oversight of Investment-Linked Policy (ILP) products to ensure compliance with applicable regulatory requirements, internal policies, and product standards throughout the product lifecycle. The role will serve as a key point of contact for ILP product compliance matters, providing independent review, and compliance assessment.

Description for Internal Candidates

We are looking for a professional with product compliance background to join our team in Investment Operational Risk and Compliance. You will be supporting the review and oversight of Investment-Linked Policy (ILP) products to ensure compliance with applicable regulatory requirements, internal policies, and product standards throughout the product lifecycle. The role will serve as a key point of contact for ILP product compliance matters, providing independent review, and compliance assessment.

The key roleis to ensurethat Investment-Linked Policy (ILP) products, customer disclosures, and product changes comply with applicable regulatory requirements, internal policies, and governance standards.

Key Responsibilities include:

1. ILP Product Compliance

• Review ILP product documentation and customer-facing materials (e.g. Product Summaries, Benefit Illustrations, Policy Contracts, marketing materials, and policyholder notifications) on a regular basis and provide compliance guidance to relevant stakeholders.
• Provide independent compliance review and challenge on new ILP product launches, product enhancements, and material product changes, taking into consideration regulatory requirements, customer outcomes, and industry practices.
• Monitor regulatory developments and emerging compliance risks impacting ILP products, assess their implications, and support the implementation of necessary enhancements to product compliance frameworks, controls, and processes.

2. Investment Operational Risk and Compliance

• Work closely within the Investment Operational Risk function to support a holistic review across ILP products and fund compliance matters.
• Support the continuous improvement of risk and compliance frameworks by identifying emerging risks, regulatory changes, and control enhancement opportunities across both ILP product compliance and investment operational risk management.
• Review investment-linked product risks and processes and recommend enhancements on the adequacy of the design of internal controls.

3. Other Activities

• Work with team members to contribute to strategic projects relating to ILPs.
• Any regulatory reporting on ILP products

Requirements:

• Degree in Finance, Accounting, Business or equivalent.
• Minimum 2 to 3 years of relevant experience in ILP product compliance.
• Familiarity with MAS regulations, notices and guidelines with respect to ILP products.
• Good communication and writing skills, with the ability to present to and engage different stakeholders.
• Team player with good interpersonal skills, able to work independently