Senior Executive / Assistant Director (Compliance & Professional Standards)

Ministry of Law; Singapore; On-site; SGD 45,000 - 55,000; Full time

Job summary

Ministry of Law is seeking a candidate for the Licensing & Regulation of Insolvency Practitioners Division. The role involves assessing licensing applications, ensuring compliance, and engaging with stakeholders in Singapore. Candidates should have qualifications in relevant fields and experience in insolvency matters is preferred. The position offers a 1-year contract, with potential for extension based on performance. Strong interpersonal and analytical skills are essential, as well as a commitment to integrity and problem-solving.

Qualifications

• High degree of integrity, credibility and independence.
• Must have relevant work experience in insolvency or debt-restructuring.
• Good written, oral and presentation skills.

Responsibilities

• Assess new and renewal applications for IP licences.
• Conduct monitoring for compliance with professional standards.
• Investigate complaints against IPs.
• Develop and refine operating procedures for licensing.
• Formulate guidelines on cybersecurity for IPs.
• Collaborate with stakeholders on incident response.
• Engage IPs and professional bodies for feedback.
• Develop training programmes for IPs.

Skills

Interpersonal skills

Analytical skills

Problem solving

Technological literacy

Education

Qualifications in Accounting, Business, Finance, Economics or related field

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.

Responsibilities

• 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 or 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 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

Qualifications and Competencies

• Key Competencies – [Balancing Service with Authority]: Carry out enforcement in a firm but tactful manner that safeguards the interests of the public, agency and officers
• Key Competencies – [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
• Key Competencies – [Engaging Public and Stakeholders]: Reach out, educate and mobilise citizens/businesses, stakeholders and volunteers to support and promote community compliance, and adopt best practices
• Key Competencies – [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
• 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, capable of anticipating problems and implementing pragmatic solutions in a dynamic and challenging environment
• Good written, oral and presentation skills

Employment Terms: 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.