Regulatory Compliance Manager - Insurance Industry

PERSOL; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

PERSOL within Singapore seeks a seasoned Regulatory Compliance Lead to drive adherence to insurance regulations and foster a culture of compliance. You will coordinate with authorities, advise on regulatory requirements, and support multiple business units across local entities.

You will monitor regulatory developments, manage incidents, and lead CRSA initiatives while assisting in the enhancement of the eGRC system. Strong leadership and communication are essential.

Qualifications

• Degree in a relevant field.
• 8–10 years of regulatory compliance experience in the insurance sector.
• Comprehensive knowledge of the Insurance Act, Financial Advisers Act and related guidelines.
• Strong leadership, stakeholder relationship building and collaboration.
• Meticulous, with developed analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Ability to manage multiple tasks and perform under pressure.
• Adaptable and open to changes.
• Proactive, resourceful and capable of independent and collaborative work.

Responsibilities

• Serve as the primary regulatory liaison with authorities, coordinating inspections and information requests.
• Provide compliance advisory on regulatory requirements and support business units in new initiatives/projects.
• Oversee and support local entities on compliance matters, including localisation of Group policies and guidelines.
• Identify and assess regulatory developments while tracking industry trends and risks.
• Manage compliance incidents, ensuring timely reporting and action plan tracking.
• Initiate CRSA for applicable laws and regulations.
• Support enhancements to the eGRC system and assist during testing.
• Prepare and coordinate compliance-related materials and reports for management meetings.
• Undertake ad-hoc tasks/projects as delegated by Supervisor or Head of Group Regulatory Compliance.

Skills

Leadership

Analytical thinking

Communication

Interpersonal skills

Stakeholder management

Problem-solving

Adaptability

Independent work

Regulatory knowledge

Education

Degree in a relevant field

Tools

eGRC system

Job description

Brief Summary:

Join a dynamic team focused on driving compliance excellence and risk management across various business units. Contribute to ensuring adherence to all relevant regulations and foster a culture of compliance.

Responsibilities:

• Serve as the primary regulatory liaison with authorities, coordinating and facilitating inspections and information requests.
• Provide compliance advisory on regulatory requirements and support business units in new initiatives/projects.
• Oversee and support local entities on compliance matters, including the localisation of Group policies and guidelines.
• Identify and assess the impact of regulatory developments while keeping abreast of industry trends and emerging risks.
• Manage compliance incidents, ensuring timely reporting and tracking of action plan resolutions.
• Initiate Compliance Requirement Self Assessments (CRSA) for applicable laws and regulations.
• Support enhancements to the eGRC system and assist relevant stakeholders during testing.
• Prepare and coordinate compliance-related materials and reports for management meetings.
• Undertake ad-hoc tasks/projects as delegated by the immediate Supervisor or Head of Group Regulatory Compliance.

Requirements:

• Minimum educational qualification of a degree in a relevant field.
• At least 8 – 10 years of experience in regulatory compliance within the insurance sector.
• Comprehensive knowledge of the Insurance Act, Financial Advisers Act, and related guidelines.
• Strong leadership abilities, self-motivated, and capable of building relationships with stakeholders.
• Meticulous with well-developed analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Ability to manage multiple tasks and perform under pressure.
• Adaptable and open to embracing changes.
• Proven capability to work independently and collaboratively.
• Proactive, resourceful, and adept at managing various responsibilities.