Regulatory Compliance - Bukit Merah

This role is critical in maintaining our insurance license, mitigating regulatory risk, and upholding a culture of compliance.

Key Responsibilities:

• Monitor, interpret, and ensure compliance with MAS Notices, Guidelines, and Circulars (e.g., MAS 126, 302, 504).
• Develop and maintain compliance policies and frameworks aligned with local regulatory requirements.
• Advise management and business units on regulatory developments and impact assessments.

• Ensure timely and accurate submissions of regulatory filings (e.g., Form 1A, 2A, AML/CFT returns).
• Coordinate with MAS on inspections, thematic reviews, and regulatory queries.
• Maintain up-to-date records for compliance audits and inspections.

• Conduct compliance risk assessments and regular reviews of internal controls.
• Lead or support risk-based compliance monitoring and testing programs.
• Escalate material compliance breaches or issues to senior management and regulators.

• Conduct regular training sessions on regulatory and compliance topics (e.g., AML/CFT, conduct risk).
• Promote compliance culture across departments and senior management.

• Act as AML Compliance Officer (if applicable) or support the MLRO in AML/CFT compliance.
• Oversee implementation of customer due diligence, transaction monitoring, and suspicious transaction reporting processes.

• Liaise with internal audit, risk, legal, and business teams to align compliance standards.
• Partner with regional or global compliance teams for consistent implementation of group standards.

Requirements:

• Bachelor's degree in Law, Finance, Business, or related field.
• At least 5 years of regulatory compliance experience in the insurance industry or financial services.
• Strong knowledge of MAS regulations (e.g., Insurance Act, Financial Advisers Act, AML Notices).
• Experience interacting with MAS, including regulatory inspections or remediation.
• ACAMS, ICA, or similar certification is a plus.
• Excellent written and verbal communication skills.
• Strong analytical and problem-solving abilities.
• High integrity and ability to work independently.