Regulatory Compliance Lead – Risk & Controls

Income Insurance Limited; Singapore; On-site; SGD 80,000 - 110,000; Full time

Job summary

A leading composite insurer in Singapore is seeking a Regulatory Compliance Manager to oversee compliance risk assessments and ensure adherence to industry standards. Ideal candidates will have at least a Bachelor’s degree in Business, Finance, Law, or a related field along with 6-8 years of experience in regulatory compliance, preferably within the insurance sector. The role allows for collaboration with various business units, offering competitive benefits and a dynamic work environment.

Qualifications

• At least a Bachelor’s degree in Business, Finance, Law, or a related field.
• Relevant professional qualifications or certifications in compliance (e.g., ICA, ACAMS) are advantageous.
• Minimum 6 - 8 years’ experience in regulatory compliance, preferably within the insurance or financial services industry or regulatory agencies.
• Experience in the financial services industry (preferably insurance), strong knowledge of insurance‑related policies e.g. LIA, GIA etc.
• Must be proficient in MS Office and its applications.

Responsibilities

• Manage Compliance Risk Assessments performed by various BUs for regulations.
• Initiate Compliance Risk Assessments and Controls Testing on a risk‑based approach.
• Guide BUs in performing Compliance Risk Assessment and Controls Testing.
• Manage and perform Compliance Assurance Reviews on a risk‑based approach.
• Advise business units on relevant regulatory requirements.
• Review internal policies and guidelines relating to Compliance Risk Assessments.
• Conduct periodic assessment of the review process to identify areas of improvements.
• Support auditing and monitoring activities in accordance with the compliance program.

Job description

A leading composite insurer in Singapore is seeking a Regulatory Compliance Manager to oversee compliance risk assessments and ensure adherence to industry standards. Ideal candidates will have at least a Bachelor’s degree in Business, Finance, Law, or a related field along with 6-8 years of experience in regulatory compliance, preferably within the insurance sector. The role allows for collaboration with various business units, offering competitive benefits and a dynamic work environment.