Senior Risk Management Leader
3 weeks ago
Are you a seasoned risk management professional seeking a challenging role in Singapore? LMA Recruitment Singapore Pte. Ltd. is hiring a Senior Risk Management Leader to join our team on a 12-month contract.
Job Description:
We are looking for a highly experienced Risk Management professional to lead our Regulatory Compliance team. As Senior Risk Management Leader, you will be responsible for managing the day-to-day activities of the team, providing guidance and support to team members, and ensuring that the team meets all business goals and performance objectives set by Management and/or Group Legal, Compliance & Company Secretariat.
Main Responsibilities:
- Team Management:
Effectively manage the Regulatory Compliance team by providing guidance, support, and leadership to team members.
Develop and communicate delivery plans aligned to the department's strategy/work plan.
Ensure that the team meets all business goals and performance objectives set by Management and/or Group Legal, Compliance & Company Secretariat.
Evaluate and manage the overall performance and morale of direct reports to ensure consistent high efficiency and competency.
Work closely with Risk staff designated to maintain the IAF framework.
Ensure alignment of process/policies with Group Risk Standards.
Conduct appropriate testing for the key controls under the MCA framework.
Ensure Tier 1, 2 Risks etc are adequately managed within the defined parameters of IAF framework
Assist HOD in maintaining the role as 2 Line of Defence.
Conduct training and coaching to line departments, where applicable
Perform Functional Area Regulatory Obligatory Mapping (FAROM) on regulatory changes/MAS CPs, etc., that may impact the Company and address the gaps noted from the gap analysis.
Providing regulatory advisory to Management/other Business Units/Agencies/Financial Adviser Representatives on queries, new initiatives etc.
Review marketing materials from a regulatory perspective.
Conduct of Annual Branch/Social Media Website audit.
Review/assess various agreements/or schemes, e.g. Distribution Agreements, Introducer Agreements, campaigns etc from a regulatory perspective.
Assess/provide inputs from a compliance standpoint on Providers Due Diligence conducted on annual basis.
Requirements:
- At least 5-8 years of experience in regulatory compliance space
Well Versed in MAS rules and regulations.
Experience in the insurance or Investment business is welcome to apply.
Salary:
S$120,000 - S$180,000 per annum
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