Senior Executive / Assistant Director (Compliance & Professional Standards)

Ministry of Law, Singapore; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

Ministry of Law, Singapore, through the Insolvency & Public Trustee’s Office, seeks a role in Licensing & Regulation of Insolvency Practitioners to oversee IP licensing and enforcement.

You will assist the Licensing Officer in ensuring fair administration of insolvency matters and professional conduct among IPs.

Qualifications

• Qualification in Accounting, Business, Finance, Economics or ISCA/Law Society qualifications preferred.
• Experience in administration of insolvency/debt-restructuring cases preferred.
• High integrity, credibility and independence.
• Good interpersonal skills and team player.
• Problem solver with strong analytical skills.
• Good written, oral and presentation skills.

Responsibilities

• Assessing merits of new and renewal IP licence applications.
• Undertaking monitoring and compliance work to ensure IPs meet standards and statutory requirements.
• Investigating complaints against IPs for misconduct or non-compliance.
• Developing and refining licensing/regulation procedures and IT systems.
• Formulating guidelines on cybersecurity and data protection for IPs.
• Engaging with stakeholders through dialogues and consultations.
• Collaborating with professional bodies to develop CPD/training for IPs.

Skills

Enforcement

Interagency collaboration

Stakeholder engagement

Technology awareness

Education

Accounting/Finance/Economics degree or ISCA/Law Society qualification

Job description

What The Role Is

You will be part of the Licensing & Regulation of Insolvency Practitioners Division (“LRIPD”) of the Insolvency & Public Trustee’s Office (“IPTO”). You will assist the Licensing Officer who oversees the licensing and regulation of insolvency practitioners (“IPs”) to ensure the fair and responsible administration of insolvency and restructuring matters in Singapore.

What You Will Be Working On

• Assessing the merits of new and renewal applications for the grant of an IP licence
• Undertaking monitoring and compliance-related work to ensure that the IPs maintain professional standards of conduct, and comply with the relevant statutory requirements
• Investigating complaints made against IPs in respect of alleged professional misconduct / non-compliance with statutory obligations on the part of the IP
• Developing, reviewing and refining existing as well as new operating procedures, frameworks and IT systems to carry out licensing and regulation functions
• Formulating guidelines and advisories as well as reviewing policies and processes relating to cybersecurity and data protection for the IPs
• Collaborating with stakeholders on incident response management in relation to cybersecurity and data incidents in the IP industry
• Engaging with stakeholders including IPs and professional bodies etc through dialogues and consultations to garner feedback, understand their challenges and explore solutions on relevant issues relating to the IP industry
• Collaborating with professional bodies and training providers to develop continuing professional education or training programmes to enhance the competencies and professional standards of IPs

What We Are Looking For

• [Balancing Service with Authority]: Carry out enforcement in a firm but tactful manner that safeguards the interests of the public, agency and officers.
• [Collaborating Within and Across Agencies]: Understand the legislation of own and adjacent agencies and how they contribute to whole-of-government enforcement outcomes. Able and willing to think and act beyond department or agency lines for the public good.
• [Engaging Public and Stakeholders]: Reach out, educate and mobilise citizens/businesses, stakeholders and volunteers to support and promote community compliance, and adopt best practices.
• [Leveraging on Technology]: Keep up to date on technological trends relevant to licensing and enforcement work, as well as in cybersecurity and data security, and adopt relevant technology-enabled solutions to address current and future enforcement challenges.

Personal Traits / Work Experience

• Qualifications in Accounting, Business, Finance, Economics or other relevant field, and / or professional accounting / legal qualifications recognised by ISCA / Law Society may be preferred
• Relevant work experience in the administration of insolvency / debt-restructuring cases may be preferred
• High degree of integrity, credibility and independence
• Highly motivated, dependable and resourceful
• Good interpersonal skills and a team player / contributor
• Problem solver with strong analytical skills, and is capable of anticipating problems and implementing pragmatic solutions in a dynamic and challenging environment
• Good written, oral and presentation skills

Successful candidates will be appointed on a 1-year contract in the first instance. Any extension of the contract will be subject to job performance and/or manpower needs.