Principal, Regulatory Compliance & Risk Culture

AIA Hong Kong and Macau; Singapore; On-site; SGD 85,000 - 120,000; Full time

Job summary

AIA Hong Kong and Macau is looking for a Regulatory Compliance Officer in Singapore. This role involves managing compliance advisory functions and mitigating compliance risks by collaborating with various business functions.

The ideal candidate will have at least 15 years of experience, preferably in the financial services industry, and a Bachelor’s degree. Strong communication and relationship-building skills are essential, along with a team-oriented mindset.

Qualifications

• At least 15 years of relevant experience in regulatory compliance.
• Experience in financial services industry preferred.
• LOMA and CMFAS certifications are advantageous.

Responsibilities

• Provide ongoing compliance advisory and support to business functions.
• Conduct gap assessments on new regulatory developments.
• Identify and monitor adherence to regulatory requirements.
• Oversee investment compliance monitoring activities.
• Liaise with key regulators and industry associations.

Skills

Team player

Strong liaison skills

Relationship building skills

Communication skills

Project management

Presentation skills

Education

Bachelor’s degree (or equivalent) in relevant field

Job description

About the Role

Reporting directly to the Associate Director, Regulatory Compliance & Risk Culture, the Regulatory Compliance Officer will manage the regulatory liaison and compliance advisory functions to help the company manage and mitigate compliance risks. The role collaborates with business functions to foster a positive risk culture through effective risk and compliance awareness, engagement, advisory and preventive programs. Additionally, the officer provides guidance and manages a team, ensuring mentoring and coaching support for team members.

Responsibilities

• Provide ongoing compliance advisory and support to business functions on various initiatives, ensuring compliance with existing and new regulations.
• Conduct gap assessments on new regulatory developments and liaise with business functions to ensure proper implementation of regulatory requirements.
• Identify and monitor gaps, ensuring adherence to regulatory requirements and timely certification by Senior Management.
• Ensure regulatory compliance registers are kept up to date and embedded into business operations.
• Monitor and remediate any lapses noted.
• Oversee investment compliance monitoring activities and FATCA compliance quality assurance and testing.
• Liaise with key regulators and industry associations, addressing requests and queries promptly.
• Facilitate engagement sessions with key regulators to maintain strong relationships.
• Review and challenge business responses to regulators to ensure accuracy, consistency, and high quality.
• Assist in reporting requirements to regulators, Group, Board of Directors, senior management, and other stakeholders as required.
• Provide mentoring and coaching to staff to support learning and performance with minimal guidance.

Minimum Job Requirements

• Education: Bachelor’s degree (or equivalent) with emphasis on accountancy, business/business administration/business management/business studies, insurance, or law.
• Experience: At least 15 years of relevant experience, preferably in the financial services industry, focusing on regulatory compliance and external liaison with regulators.
• Certifications/licenses: LOMA, CMFAS papers will be an added advantage.
• Skills: Team player; strong liaison, relationship building and communication skills (e.g., mediation); ability to build trust and credibility with key regulators; project management; presentation skills.