Senior Executive, Investment Risk Compliance Specialist

16 hours ago


Singapore INCOME INSURANCE LIMITED Full time
About Income Insurance Limited

Income Insurance Limited is a leading insurance provider that drives risk management agenda, ensuring sound and effective risk management frameworks and promoting a strong risk culture. The company seeks to hire a highly skilled professional to join its Investment Operational Risk and Compliance team.

Job Description

This senior executive role will be responsible for overseeing the operational risk management function for income's investment-related activities and ensuring these activities are compliant with applicable laws, regulations, and internal standards.

Main Responsibilities:
  • Drive and support the investment operation risk framework, procedures, and related activities in the areas of risk management/2nd line of defence.
  • Conduct incident notification and reporting (Ops Loss) for investment-related activities.
  • Provide support to risk and control self-assessment (RCSA), control testing, and quality assurance review, recommending enhancements on adequacy of the design of internal controls and processes.
  • Review the investment management agreement (IMAs), investment portfolios guidelines, subscription documents, and other requests from our investment teams.
  • Review the investment breach register and investment's team standard operating procedures (SOP) on a regular basis.
  • Participate in the regular review of external fund managers.
  • Coordinate and prepare monthly incident reporting with the investment personnel for risk management reporting.
  • Coordinate and support substantial shareholding reporting for other jurisdictions other than SG.
Investment Compliance (Regulatory)
  • Support the investment compliance (regulatory) framework, policies, procedures, and related activities, including assessment, dissemination, and advisory on regulations applicable to investment activities.
  • Review and assess investment regulatory breaches, preparing notifications to authorities.
  • Report and escalate compliance shortcomings, violations, and breaches to senior management, board committees, and authorities.
  • Contribute to the preparation of compliance reports on a quarterly basis.
Qualifications and Requirements

To be successful in this role, candidates should possess the following qualifications and requirements:

  • Degree in accounting, finance, law, or equivalent.
  • Experience in asset management/investment will be preferable.
  • Minimum 3-5 years of relevant experience either in portfolios operations or investment compliance or operational risk.
  • Familiarity with MAS regulations, notices, and guidelines regarding fund management and insurance investments will be a plus.
  • Good communication and writing skills, able to present to and engage with different audiences.
  • Team player with good interpersonal skills, able to work independently as well.
  • Analytical skills.
Estimated Salary Range: $120,000 - $180,000 per annum

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