Singlife is a leading homegrown financial services company offering consumers a better way to financial freedom. Through innovative, technology-enabled solutions and a wide range of products and services, Singlife provides consumers control over their financial wellbeing at every stage of their lives.
In addition to a comprehensive suite of insurance plans, employee benefits, partnerships with financial adviser channels and bancassurance, Singlife offers investment and advisory solutions through its GROW with Singlife platform. It also offers the Singlife Account, a mobile-first insurance savings plan.
Singlife is the exclusive insurance provider for the Ministry of Defence, Ministry of Home Affairs and Public Officers Group Insurance Scheme. Singlife is also an official signatory of the United Nations Principles for Sustainable Insurance and the United Nations-supported Principles for Responsible Investment, affirming its commitment to finding a better way to sustainability.
First announced in September 2020 and valued at S$3.2 billion, the merger of Aviva Singapore and Singlife was the largest insurance deal in Singapore then and created one of the largest homegrown financial services companies in the republic.
Key Appointments:
- Oversight over the development and maintenance of the Group’s BCM strategy and response plans of the entire Singlife Group.
- Champion and advocate the ownership of BCM advisory management, ensure risks are understood and managed within approved appetite.
- Support the Group CRO in the group risk management function with emphasis on BCM risks.
- Drive Group BCM program. Established Group BCM governance, organisation and crisis structure.
- This can be done by working with BU to ensure that the Business operates within the approved group risk appetite framework and that the appropriate governance and oversight arrangements are in place to effectively manage the BCM risks in the business.
- Ensure BCM requirements are embedded within business processes for effective recovery of critical business operations in the event of significant disruption and compliance with Group and MAS BCM guidelines.
Key Responsibilities:
- Responsible for the Group Business Continuity Management (BCM) programme and ensure compliance with local regulations (including MAS TRM Guidelines, MAS Outsourcing Notices and Guidelines, MAS BCM Guidelines) and relevant Group policies and standards (i.e. Group BCM Policy).
- Prepare periodic risk reporting on operational & regulatory risks for senior management (monthly at Management Committee and quarterly for Risk Committee) and Board meetings (quarterly) at the parent company level for the Singlife entities. This also includes the review and challenge of their reported positions, where necessary.
- Implement an appropriate BCM methodology and procedures (including Risk Assessment, Business Impact Analysis, Crisis Management/Business Continuity documentation, testing and awareness training) in accordance with the Group standard, local regulations and to address emerging risks.
- Conduct training to enhance staff knowledge, provide refreshers, and raise awareness. Chair regular BCM forum to broadcast and communicate on emerging trends and BCM issues.
- Independent review of BCM risks and controls, deep dive assessment of issues, risks exposures and effectiveness of controls.
- Provide review and challenge on the effectiveness of the BCM Risk and Control Management, including the reliability of control assessment.
- Review and challenge of policy and standard attestations and modification and exception requests.
- Provide BCM advisory to BUs including involvement in key BU initiatives.
Key Decisions within the Role:
- Third Party / Service Provider Business Continuity Impart Assessment signoff
- Direct accountability for BCM Risk Posture of Singlife Group
Requirements:
Experience
- 5+ years of experiences in years of Business Continuity Management experience in financial service industry, preferably in insurance sector.
- At least 3 years experience in risk management in the financial service industry, preferably in insurance sector.
- Experience in leading and/or facilitating BCM exercises including Industry Wide Exercise.
- Experience in project management role is a plus.
- Strong people skills with the ability to influence and negotiate with people at all levels.
- Strong analytical abilities and attention to detail.
- Enjoy excellent organizational and time-management skills to handle multiple tasks.
Education
- Academic: University Degree in Business Administration, Information Technology, or related field.
- Professional Certification(s): Certified as a Business Continuity Planner with BCI, DRI or other recognized organization.
If you find yourself able to demonstrate the criteria above, apply with us now. We look forward to your application.
