Insurance Regulatory Compliance (Financial Services) Consultant/Senior Consultant, Risk Consulting

Ernst & Young Advisory Services Sdn Bhd; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

A leading professional services organization is seeking a Consultant/Senior Consultant for their Financial Services Risk Management team in Singapore. The role involves providing regulatory advisory services, managing compliance-related projects, and developing client solutions. Ideal candidates have significant experience in risk management and a strong educational background in finance or a related field.

Benefits

Continuous learning opportunities

Flexible working arrangements

Coaching and leadership development

Inclusive workplace culture

Qualifications

• 3+ years of relevant experience in risk management, ideally from a consulting background.
• Industry-related certification (e.g., FRM, CPA/CA, CFA) is a plus.

Responsibilities

• Lead business development and project planning for compliance frameworks.
• Perform regulatory gap assessments and provide advice on compliance.
• Manage communication with regulators and guide on regulatory changes.

Skills

Understanding of regulatory requirements

Knowledge of banking and insurance products

Strong interpersonal skills

Project management skills

Proficiency in PowerPoint, Word, and Excel

Education

Graduate or Post Graduate degree in relevant field

Job description

At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we’re counting on your unique voice and perspective to help EY become even better, too.

We are the only professional services organization who has a separate business dedicated exclusively to the financial services marketplace. Join Financial Services (FSO) and you will work with multi-disciplinary teams from around the world to deliver a global perspective.

The Opportunity

As part of the Financial Services Risk Management (FSRM) practice you will provide a well-integrated broad array of risk management and regulatory advisory services to financial institutions with a focus on regulatory compliance.

Your Key Responsibilities

As a Consultant/Senior Consultant in the FSRM team, you will be leading EY services in the market through business development, sales, project planning and high-quality project execution. You will be leading projects relating to:

• Compliance Frameworks – understanding of core compliance functions and related technology applications addressing compliance risk assessment, policy management, testing, monitoring and surveillance and reporting
• Regulatory gap assessments and remediation
• Provide updates to the industry on the latest relevant laws and regulations required for the financial institutions
• Advice and guidance on structuring approaches to emerging regulatory compliance or regulatory exam findings
• Regulatory change management including planning and communication with regulators

Skills and Attributes for Success

• Strong understanding of and practical experience related to regulatory requirements across various market activities of FIs such as:
  • Banking Act, SFA, FAA, underlying regulations, and SGX rules
  • Institutional / Investment banking compliance topics and issues relevant to capital markets activity including conflicts of interest, information barriers, insider trading, restricted trading / control room processes, market abuse and conduct
  • Private banking / wealth management compliance related to key topics regarding suitability, sales practices, new product processes, or client money
  • Retail / consumer banking compliance incl. consumer protection, conduct, treating customers fairly, mortgage and consumer lending regulation
• Knowledge of insurance and/or banking products, market conventions and sales practices
• Regulatory requirements related to enterprise risk management such as capital adequacy, stress testing, or risk governance
• Ability to develop and implement practical client solutions and execute projects based on key compliance principles
• Strong interpersonal and teaming skills
• Effective leadership, project management and teamwork skills
• Strong presentation skills and proficiency in the use of PowerPoint, Word and Excel

To qualify for the role, you must have

• 3 years or more relevant experience relevant risk management domain, a few years of which in a consulting firm for Senior Consultant role. Candidate with fewer/more years of relevant experience will be considered for a junior/senior role.
• Graduate or Post Graduate degree in Economics, Banking and Finance, Computational Finance, Mathematics, Statistics, Physics or equivalent preferred
• Industry related certification is a plus (e.g., FRM, CPA/ CA, CFA)

What we look for

Highly motivated individuals with excellent problem-solving skills and the ability to prioritize shifting workloads in a rapidly changing industry. An effective communicator, you’ll be a confident team player that collaborates with people from various teams while looking to develop your career in a dynamic organization

What we offer

• Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next.
• Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.
• Transformative leadership: We’ll give you the insights, coaching and confidence to be the leader the world needs.
• Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs.

EY is an equal opportunities employer and is committed to creating an inclusive and diverse workplace.