Responsible Officer - New Insurance Brokerage

OU Health; Singapore; On-site; SGD 100,000 - 150,000; Full time

Job summary

A leading financial institution in Singapore is seeking a Responsible Officer (RO) to spearhead their entry into the insurance brokerage sector. The role entails leading the licensing application with the Monetary Authority of Singapore while ensuring ongoing regulatory compliance. Candidates should possess a valid MAS RO license and extensive experience in compliance roles, alongside strong communication and stakeholder management skills.

Qualifications

• 8+ years of experience in insurance or financial services with at least 5+ years in a senior compliance or RO role.
• In-depth knowledge of MAS regulations and licensing processes.
• Fluent in Mandarin and English.

Responsibilities

• Lead the preparation and management of the MAS insurance brokerage license application.
• Oversee compliance with AML/CFT, data protection, and corporate governance standards.
• Foster a culture of compliance through training and mentorship.

Skills

Communication

Problem-Solving

Stakeholder Management

Education

Bachelor's degree in Finance, Law, Business, or related field

Job description

Inspire is helping an ambitious Financial Institution to expand into the insurance brokerage sector in Singapore and we are seeking a highly qualified Responsible Officer (RO) to lead the licensing application with the Monetary Authority of Singapore (MAS) and ensure ongoing regulatory compliance.

Role Overview:

As the Responsible Officer (RO), you will lead the application process for the insurance brokerage license under MAS guidelines and serve as the primary regulatory liaison. You will ensure adherence to all legal and compliance frameworks while driving operational excellence.

Key Responsibilities:

• Lead the preparation, submission, and management of the MAS insurance brokerage license application.
• Act as the primary point of contact with MAS, addressing queries and ensuring timely approvals.
• Develop and maintain policies and procedures aligned with MAS regulations (e.g., Insurance Act, FAA, BCCM).
• Oversee compliance with AML/CFT, data protection, and corporate governance standards.
• Conduct internal audits and risk assessments to mitigate operational and regulatory risks.
• Advise senior management on regulatory changes and strategic decisions.
• Foster a culture of compliance through training and mentorship for staff.
• Liaise with auditors, legal advisors, and external partners to ensure alignment with MAS requirements.

Qualifications & Requirements:

• Holds (or qualifies for) a valid MAS Responsible Officer license.
• Minimum of 8+ years of experience in insurance or financial services, with at least 5+ years in a senior compliance or RO role in Singapore.
• In-depth knowledge of MAS regulations, licensing processes, and insurance brokerage operations.
• Proven track record in successfully obtaining MAS licenses.
• Strong communication, problem-solving, and stakeholder management abilities.
• Bachelor's degree in Finance, Law, Business, or a related field preferred.
• Strong language skills: Fluent Mandarin and English is needed for this role