Risk Management & Compliance Officer

Key Responsibilities:

Risk Management:

• Develop, implement, and maintain the company’s enterprise risk management framework.
• Identify, assess, monitor, and report key risks across operational, financial, regulatory, and strategic areas.
• Conduct regular risk assessments and scenario analysis to evaluate exposure and mitigation strategies.
• Ensure insurance products and operations comply with MAS (Monetary Authority of Singapore) risk management guidelines.
• Liaise with internal stakeholders to ensure awareness and ownership of risk controls and mitigation plans.

Compliance:

• Ensure the company complies with all applicable laws, regulations, and guidelines, including those issued by MAS and the General Insurance Association of Singapore (GIA).
• Monitor and review changes in regulatory requirements and assess their impact on the business.
• Develop and maintain compliance policies and procedures; provide training to staff on regulatory requirements.
• Conduct regular compliance reviews and audits; follow up on issues and remedial actions.
• Submit regulatory reports and filings to relevant authorities in a timely and accurate manner.

Governance and Reporting:

• Support senior management with timely and accurate reporting.
• Maintain risk registers, compliance checklists, and incident logs.
• Prepare reports for internal and external audits and regulatory inspections.

Others:

• Lead or support internal investigations and whistleblower cases.
• Assist in the review of new business initiatives, products, or projects from a risk and compliance perspective.
• Promote a strong risk culture within the organisation.

Requirements:

• Degree in Business, Finance, Law, Risk Management, or a related field.
• Minimum 3 - 5 years of relevant experience in risk management or compliance within the insurance or financial services sector.
• Good knowledge of MAS regulations and relevant insurance industry guidelines.
• Strong analytical, communication, and interpersonal skills.
• Meticulous, with a high level of integrity and professionalism.
• Familiarity with governance frameworks such as ERM, AML/CFT, PDPA, and FATCA/CRS.

Foot Note:

1. All personal data collected will solely be used for recruitment purposes.
2. By submitting your application, you therefore consent the company to retain the information provided for future opportunities for a limited period. Such data will be deleted or anonymized when it is no longer required for a business or legal purpose.