Regulatory Compliance & Risk Culture, Principal / Consultant | Singapore, SG

AIA Singapore Private Limited; Singapore; On-site; SGD 80,000 - 100,000; Full time

Job summary

A leading insurance firm in Singapore is seeking a Principal/Consultant to manage regulatory risks. You will provide compliance advice, conduct assessments, and liaise with regulators to ensure adherence to regulations. A Bachelor's degree and 6+ years of experience in financial services are required. Join us to make a difference in helping customers live Healthier, Longer, Better lives.

Qualifications

• At least 6 years' relevant experience in financial services.
• Good understanding of Financial Advisers Act 2001.
• Knowledge of market conduct regulatory compliance.

Responsibilities

• Provide compliance advisory and support to business functions.
• Conduct gap assessments on regulatory developments.
• Liaise with key regulators and industry associations.

Skills

Team player

Liaison skills

Project management

Communication skills

Education

Bachelor Degree in accountancy, business or law

Job description

Regulatory Compliance & Risk Culture, Principal / Consultant

Regulatory Compliance & Risk Culture, Principal / Consultant

AIA Singapore Private Limited Singapore Apply now Posted 2 hours ago Permanent Competitive

Regulatory Compliance & Risk Culture, Principal / Consultant

AIA Singapore Private Limited Singapore Apply now

FIND YOUR 'BETTER' AT AIA

We don't simply believe in being 'The Best'. We believe in better - because there's no limit to how far 'better' can take us.

We believe in empowering every one of our people to find their 'better' - in the work they do, the career they build, the life they live and the difference they make. So that together we can support even more people - including our own - to live Healthier, Longer, Better Lives.

If you believe in better, we'd love to hear from you.

About the Role

Reporting to Senior Manager, Regulatory Compliance & Risk Culture, this position is responsible to help the Company in managing and mitigating regulatory risk, including market conduct regulatory requirements. Collaborate with business functions to foster a positive risk culture through effective risk and compliance awareness, engagement, advisory and preventive programs. This position will also provide necessary support or mentoring and coaching to fellow team members.

Regulatory Compliance

• Provide ongoing compliance advisory and support to business functions on various business initiatives, in order to ensure that the business is compliant with existing and new regulations.
  
• Conduct gap assessments on new regulatory developments, liaise with the various business functions to ensure new regulatory requirements are properly implemented, identified gaps are closely monitored to ensure adherence to regulatory requirements.
  
• Ensure regulatory compliance registers are kept up to date and timely certified by Senior Management, regulatory obligations are effectively embedded into business, monitor and ensure proper remediation of any lapses noted.
  

Regulatory Liaison

• Liaise with key regulators and industry associations to ensure that their requests and queries are promptly addressed. Facilitate engagement sessions with key regulators to ensure AIAS' relationship with key regulators are well managed.
  
• Review and provide adequate challenge to the business functions on responses to regulators to ensure the Company's responses are accurate, consistent and of good quality.
  
• Assist in reporting requirements to regulators, Group, Board of Directors, senior management, and other stakeholders as required.
  

Other responsibilities

• Where relevant, provide necessary mentoring and coaching to upskill fellow team members.
  

Requirements

• Bachelor Degree (or degree equivalent) with emphasis on accountancy, business/ business administration/ business management/business studies, insurance or law.
  
• At least 6 years' relevant experience, preferably in the financial services industry, with knowledge of market conduct regulatory compliance for retail customers and liaison with MAS.
  
• LOMA, CMFAS papers will be an added advantage.
  
• Team player
  
• Good understanding of the Financial Advisers Act 2001 and its subsidiary legislations, guidelines and relevant industry association's memos and the application to retail business.
  
• Liaison, relationship building and communication skills e.g. mediation.
  
• Building trust and credibility with Key Regulators by responding in an accurate, timely and concise manner.
  
• Project management
  
• Presentation skills
  

Believe in better with AIA. If you work at AIA, you play an important part in this movement. Which is why we give you every opportunity to learn, grow and shape your career - your way!
#LI-SF1

Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.

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AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance g...

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