Responsible Officer - New Insurance Brokerage | Singapore, SG | In-Office

Cornerstone Global Partners; Singapore; On-site; SGD 120,000 - 240,000; Full time

Job summary

An ambitious financial institution is seeking a Responsible Officer to lead the insurance brokerage license application in Singapore. This role involves ensuring compliance with MAS regulations, managing relationships with regulatory bodies, and driving operational excellence. The ideal candidate will have extensive experience in the insurance or financial services sector, a proven track record in obtaining licenses, and strong communication skills. Join a forward-thinking organization where your expertise will shape the future of their insurance brokerage operations and drive compliance across all levels.

Qualifications

• 8+ years in insurance/financial services, 5+ years in compliance or RO role.
• In-depth knowledge of MAS regulations and licensing processes.

Responsibilities

• Lead the MAS insurance brokerage license application process.
• Ensure compliance with AML/CFT, data protection, and governance standards.

Skills

Regulatory Compliance

Stakeholder Management

Problem-Solving

Communication Skills

Education

Bachelor's degree in Finance

Bachelor's degree in Law

Bachelor's degree in Business

Job description

Responsible Officer - New Insurance Brokerage

Cornerstone Global Partners Singapore

Posted: 3 days ago | In-Office Job | Permanent | S$120k - S$240k

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.

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:

• 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.