Main Responsibilities:
1. Regulatory Compliance: Ensure compliance with all regulations and guidelines set forth by the Monetary Authority of Singapore (MAS) and other relevant authorities.
2. Policy Development and Implementation: Develop, implement, and maintain internal compliance policies and procedures.
3. Compliance Monitoring and Reporting: Regularly monitor compliance with laws, regulations, and internal policies. Prepare and submit compliance reports to management and regulatory bodies as required.
4. Risk Assessment: Conduct regular compliance risk assessments and implement risk management strategies.
5. Training and Awareness: Develop and deliver compliance training programs for all employees to ensure company-wide awareness and understanding of compliance requirements.
6. Liaising with Regulators: Act as the primary contact point for all regulatory matters, including audits, inquiries, and reporting.
7. Complaints and Investigations: Handle compliance-related complaints and lead investigations into any potential breaches of regulations or company policies.
8. Keeping Updated with Regulatory Changes: Stay informed about changes in the regulatory environment in Singapore and globally that could impact the firm’s operations.
Qualifications:
• Bachelor’s degree in Law, Finance, Business Administration, or a related field.
• Certification in compliance (e.g., Certified Compliance Officer or equivalent).
• Proven experience in a compliance role within the insurance or financial services industry in Singapore.
Skills:
• Thorough understanding of MAS regulations and Singaporean insurance laws.
• Strong analytical and problem-solving abilities.
• Excellent communication and interpersonal skills.
• Ability to handle confidential information with discretion.
• Detail-oriented with strong organizational skills.
• Proactive in identifying and resolving compliance issues.
