Manager, Compliance (Data Protection)
1 month ago
The Income Compliance team is a strategic partner and trusted business advisor to Income. The Compliance team holds the responsibility of ensuring tha..
The Income Compliance team is a strategic partner and trusted business advisor to Income. The Compliance team holds the responsibility of ensuring that Income adheres to regulatory requirements within the constantly dynamic and evolving regulatory landscape. The Compliance team works closely with internal stakeholders and Business Units (“BUs”) to navigate and assess regulatory risks. This involves developing effective and feasible solutions as well as actively shaping and promoting a strong Compliance culture in Income.
About the role
This role reports to the Section Head of Regulatory Compliance. The Regulatory Compliance Section is part of the wider Compliance Department at Income which also includes the Market Conduct Compliance Section and AML Compliance Section. The Compliance Department reports to the Head of Compliance. The candidate will have the opportunity to work closely with other BUs and stakeholders, including the Head of Compliance and Senior Management, in relation to all compliance matters.
The candidate will be involved in Regulatory Compliance work specialising in Personal Data Protection matters.
The candidate should be familiar with compliance functions in the financial industry and be capable of executing
the following responsibilities:
- Monitor and assess the Company's personal data protection policies and practices, to ensure compliance with the PDPA. This includes identifying risks associated with the collection, use, disclosure and storage of personal data understand their impact and propose measures to manage these risks.
- Establish and maintain documentation of record processing, privacy checklist, data mapping, legitimate interested assessment and Data Privacy Impact Assessment (DPIA) to identify, assess and address business risks, based on the Company's functions, needs and processes.
- Conduct audits, analyze findings and implement changes to address identified gap.
- Act as a point of contact for data subjects in all matters concerning data privacy and security issues.
- Managing personal data protection related queries and complaints
- Devise, conduct and provide guidance, sharing session on data protection best practices and promote a culture of compliance within the Company.
- Assist to implement and continuously develop, review the company's data protection policies and processes.
- Ensure proper, management of data breach and security incident, including preparation and submission to the PDPC of reports and other documentation concerning security incidents or data breaches within the prescribed period.
- Developing, implementing, and managing compliance programs in accordance with regulatory requirements
- Identifying areas of non-compliance and developing action plans to rectify them
- Provide advice and training on other regulatory requirements, policies and standards of professional conduct.
- Assist in any other regulatory matters
Qualifications
- At least a Bachelor's degree or above in a relevant discipline
- Any relevant professional qualification or certification will be an added advantage.
- At least 6-8 years of work knowledge and experience in compliance.
- Proficient in compliance advisory on regulations, policies and standards, including knowledge in area of data protection compliance area, privacy management.
- Must be proficient in MS Office and its applications.
- Has strong written and verbal communication skills. Ability to articulate and summarize clearly to non-technical audience with a strong EQ.
- Proficient in report writing and presentation skills.
- Ability to multi-task and prioritise whilst maintaining standards and accuracy in deliverables.
- High level of integrity, takes accountability of work and good attitude over teamwork.
- Good understanding of the insurance regulatory environment and key compliance concepts.
- Good negotiating, influencing and relationship building skills.
- Strong analytical skills, meticulous, self-motivated and a good problem-solver
- Has a self-motivated personality and is able to work well in a team.
- Independent and can work with minimal supervision.
- Has strategic and critical thinking.
- Adaptable to changes.
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