Senior Executive / Executive, Compliance

MS First Capital Insurance Limited; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A leading insurance company in Singapore seeks a compliance professional to join their team. The role encompasses supporting compliance assessments, internal communication, and tracking local laws. Candidates should have a diploma or degree in relevant fields with significant experience in the financial services sector.

Benefits

Comprehensive professional training

Sponsorship of professional qualifications

Collaborative culture

Competitive compensation package

Qualifications

• 5 years of experience in legal/compliance work, preferably in Financial Services.
• Familiarity with AML/CFT screening is an advantage.
• Prior risk and compliance experience in non-life re/insurance preferred.

Responsibilities

• Assist in compliance with laws and regulations.
• Conduct AML/CFT/Sanctions screening.
• Support internal communication on compliance.

Skills

Interpersonal skills

Stakeholder engagement

Education

Diploma in Law

Bachelor's Degree in Economics or Business

Job description

This is a perfect gateway into the highly niche sector of non-life re/insurance, part of Singapore's bustling financial services sector. As a wholly-owned entity of the world-renowned Mitsui Sumitomo Insurance (MSI) Group, we are dedicated to developing young talents for our sector.

As a member of our young talent pool, you can look forward to comprehensive professional training, sponsorship of professional qualifications, a friendly and collaborative culture and a competitive compensation package.

Responsibilities

• Assist in compliance with all applicable laws, regulations and policies

• Collate information from all relevant departments and staff within the Company to provide necessary reports

• Assist in the compliance assessment processes for the Company

• Support internal communication on compliance, including facilitating training

• Assist in identifying suitable remedial actions to rectify any breach as well as prevent recurrence

• Track changes to and new local laws and regulations and work with the internal legal resources to determine the implication for the company

• Assist in implementation of the Customer Complaint handling framework

• Track compliance with the local Competition Law

• Conduct AML/CFT/Sanctions screening in line with the relevant regulations and internal guidelines

• Provide legal checks and advice on non-claims and non-litigation matters that are referred to compliance

• Collect information for Internal Group Transaction check

• Support all governance processes relating to Board and Board Committees

• Monitor the completion of agreed actions from Audit Review

Requirements

• At least 5 years experience in legal / compliance work preferably in Financial Services sector

• Diploma in Law or Bachelors Degree in Economics, Business related disciplines

• Familiarity with AML / CFT screening will be an advantage

• Prior risk and compliance or legal experience in non-life re/insurance organizations, and a good understanding of the MAS regulatory environment will be preferred

• Actual job title will depend on the candidate's experience level

• Excellent interpersonal skills for stakeholder engagement and collaboration across departments

We regret that only shortlisted candidates will be contacted