Lead, Distribution Compliance Surveillance Distribution Risk & Compliance

Great Eastern; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A financial services firm in Singapore is seeking a Compliance and Risk Manager. The role involves leading a team to ensure adherence to regulatory standards, conducting compliance checks, and identifying training needs. Candidates must have a Bachelor’s degree and a minimum of 5 years' experience in compliance or risk management. Strong interpersonal and communication skills are essential for this position in a dynamic environment.

Qualifications

• At least 5 years of experience in compliance or risk management in financial services.
• CMFAS qualification (M5, M9, M9A and HI) is an advantage.
• Proficient in oral and written English.

Responsibilities

• Lead a team to drive risk management and compliance.
• Oversee monitoring and surveillance programs.
• Conduct trend analysis for compliance patterns.
• Identify training needs for the agency force.
• Maintain industry awareness for regulatory compliance.

Skills

Strong interpersonal skills

Report writing

Communication skills

Presentation skills

Self-starter

Proactive

Meticulous

Education

Bachelor’s degree

Job description

Job Purpose

This role is instrumental in upholding our commitment to regulatory excellence and fostering a culture of integrity within our agency force. You will lead a team to drive and implement the risk management and compliance requirements for Regional Agency/ FA & Bancassurance and the representatives, by proactive monitoring and effectively supporting the business units in their duty to comply with relevant laws and regulations.

The Job

• Cultivate a high-performance culture by leading, mentoring, and motivating a team towards proactive detection and intervention of representative conduct and competency issues. Provide daily guidance and support for efficient execution.

• Oversee the team's meticulous and timely execution of monitoring and surveillance programs. Ensure these programs rigorously assess supervisor and representative competency standards, aligning strictly with MAS regulatory expectations and industry standards.

• Supervise the ongoing development of quality assurance scorecards, which measure conduct and culture within agency groups.

• Conduct agency engagement and reviews to ensure full compliance with LIA MU59/15 and LIA MU20/15 requirements.

• Drive process enhancements and digitalisation by reviewing and streamlining current work processes to ensure effectiveness and efficiency.

• Conduct trend analysis to identify emerging patterns of non-compliance, misconduct, or systemic vulnerabilities across agency groups. Present to the Head of Department trends identified and key risk areas observed, and to propose measures to mitigate the risks.

• Identify training and development needs for the agency force to elevate culture and conduct.

• Cross Division work involvement with Group Risk Management on Financial Representatives that require close monitoring and to escalate cases of non-compliance.

• Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.

• Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.

• Highlights any potential concerns /risks and proactively shares best risk management practices.

· Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.

· Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.

· Highlights any potential concerns /risks and proactively shares best risk management practices.

Our Requirements

• Bachelor’s degree

• At least 5 years of experience in the area of compliance or risk management in financial services industries will be desirable;

• CMFAS qualification (M5, M9, M9A and HI) and knowledge of the insurance sector and would be an added advantage

• Strong interpersonal, report writing, communication and presentation skills;

• Self-starter and proactive;

• Committed and able to interact well with various stakeholders; and

• Proficient in oral and written English.

• Meticulous, systematic, able to work well independently and as a team in a fast-paced environment.