Risk & Compliance Manager, PFA (1 Year Contract)

Prudential Assurance Company Singapore; Singapore; On-site; SGD 120,000 - 170,000; Full time

Job summary

Prudential Assurance Company Singapore seeks a seasoned Risk & Compliance leader to ensure regulatory adherence across the organization and to design and implement risk programs.

You will coordinate with business units, monitor data privacy and AML/CFT requirements, and support internal audits and governance reporting.

The role requires 6–8 years in risk/compliance within the insurance sector, with strong communication and meticulous stakeholder management.

Qualifications

• Experience in risk and/or compliance within an insurance context.
• Familiar with Financial Advisers Act, MAS Codes, AML/CFT regulations.
• Strong communication and stakeholder management skills.
• Organized and meticulous in approach.

Responsibilities

• Develop and implement company policies, groups' requirements, and regulations.
• Provide guidance to business units on insurance-related regulations and integrate them into business plans.
• Stay informed about insurance regulations and ensure updates are shared with stakeholders.
• Identify risks to reputation, information security, or operations and mitigate them.
• Collaborate to document controls related to risk management and compliance.
• Address regulatory requirements with relevant business units and implement measures.
• Articulate compliance matters clearly to representatives and units.
• Assist in internal audits related to risk and compliance.
• Monitor control systems to address violations of regulations and policies.
• Review data privacy, regulatory, sales compliance and financial crime requirements.
• Provide regular or ad-hoc reporting to governance forums.
• Undertake ad-hoc tasks as directed by Head of Risk and Compliance.

Skills

Regulatory knowledge

Excellent communicator

Adaptable

Stakeholder management

Organized

Education

Degree in any discipline

Job description

Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

Your role is crucial for ensuring that the company operates within legal boundaries, adheres to regulations, and maintains ethical standards. Your responsibilities include overseeing regulatory compliance, assessing risks, and designing and implementing risk and compliance programs. Effective communication, analytical thinking, and ethical integrity are essential skills for success in this role.

Job Description

• Develop and implement company policies, Group’s requirements, and regulations.
• Provide guidance and assistance to business units regarding relevant regulations specific to the insurance industry. Integrate regulatory requirements into business plans and processes.
• Stay informed about insurance regulations, consultation papers, and new pronouncements. Ensure that these updates are incorporated into the procedures and disseminated to the relevant key stakeholders.
• Identify risks that could impair the company's reputation, information security, or general operations and implement ways to mitigate or eliminate them entirely.
• Collaborate with business functions to document controls related to risk management, compliance with insurance laws and regulations, established compliance programs, internal controls, and operational processes.
• Work with relevant business units to address regulatory requirements and implement relevant measures to address identified risks.
• Clearly articulate compliance-related matters to representatives and/or business units.
• Assist in managing internal audit reviews/projects related to financial, operational, and sales advisory process aspects specific to risk and compliance.
• Assist in monitoring control systems to deal with violations of regulations and internal policies.
• Review existing processes relating to data privacy, regulatory, sales compliance and financial crimes requirements.
• Provide regular and/or ad-hoc reporting to relevant governance forums.
• Undertake ad-hoc tasks, projects or reviews as directed by Head of Risk and Compliance.

Who We Are Looking For

• Experience in regulated insurance financial institution and familiar with all applicable statutes, rules, and regulations relevant to the Financial Advisers industry. These may include the Financial Advisers Act, MAS Codes, Notices, Guidelines, and AML/CFT regulations.
• Excellent communicator, ability to translate regulatory requirements relevant to the business and representatives.
• Nimble and flexible to change, able to adapt to fast-paced and changing situations.
• Experience in Compliance and Risk processes.
• Organized and meticulous.
• Stakeholder management, enjoys working with people at all levels of seniority.

Working Experience

• At least 6-8 years of working experience in risk and/or compliance roles. This experience is preferably gained within the insurance industry.
• Exposure to the Financial Advisers sector, regulatory compliance, and risk management is highly valuable.

Education

• Degree in any discipline.

Prudential is an equal opportunity employer.

We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.