Regulatory Compliance Manager (GRM - Group Regulatory Compliance)

Job Purpose

You will be part of a team to drive and implement the Compliance Risk Management Framework and compliance requirements for all GE entities within the Group, by effectively supporting the business units in their duty to comply with relevant laws and regulations.

• Provide compliance advisory on regulatory requirements to business units and be involved in new initiatives/projects to understand business units’ concerns/needs;
• Provide oversight and support to the local entities on general compliance matters/Group initiatives, including localisation of Group policies, standards and guidelines where required;
• Liaise, engage and provide support to parent company in their oversight of entities. Work with various stakeholders on regulatory related matters, information requests and regulators’ queries promptly;
• Assess the impact of new/revised regulatory updates (including Consultation Papers) and conduct impact and gap analysis on these updates. Partner with Business Units on the implementation;
• Responsible to review the compliance event reporting (“CER”) from business units and local entities. This would include monitoring of the timely CER submission by business units and tracking of resolutions on action plans;
• Roll out Compliance Requirement Self Assessments (“CRSAs”) for applicable laws and regulations to the respective business units and work with the business unit to implement the required compliance controls.
• Work with business units to identify compliance gaps, remediation actions and track action plans until closure in a timely manner;
• Support the eGRC system enhancement testing/UAT and provide advice to relevant stakeholders;
• Responsible for the preparation and coordination of compliance related matters, which shall include arrangement for the management meetings, preparation of meeting materials/ compliance related reports and information gathering;
• Carry out ad-hoc tasks/projects as requested by the immediate Supervisor and/or Head of Group Regulatory Compliance;
• Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks;
• Keep abreast of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company; and
• Highlights any potential concerns /risks and proactively shares best risk management practices.

• Bachelor Degree, preferably in Business, Insurance or Finance related fields;
• Minimum 5 – 8 years working experience in the areas of compliance, audit or control functions in the financial services industry;
• Sound knowledge of regulatory requirements relating to the financial industry such as Insurance Act, Financial Advisers Act, MAS Notices/guidelines, Life Insurance Association/General Insurance Association guidelines and best practices affecting the insurance industry;
• Take initiatives and self-motivated;
• Meticulous, good analytical and problem solving skills;
• Good communication and interpersonal skills;
• Able to multi-task and work under pressure;
• High level of integrity, takes accountability of work and good attitude;
• Adaptable to embrace new changes;
• Able to work independently and collaboratively;
• Proactive, resourceful and able to handle difficult situations; and
• Ability to build relationship with internal and external stakeholders.

About Great Eastern

Established in 1908, Great Eastern places customers at the heart of everything we do. Our legacy extends beyond our products and services to our culture, which is defined by our core values and how we work. As champions of Integrity, Initiative and Involvement, our core values act as a compass, guiding and inspiring us to embrace the behaviours associated with each value, upholding our promise to our customers - to continue doing our best for them in a sustainable manner.

We work collaboratively with our stakeholders to look for candidates who exhibit or have the pot