Senior Executive, Investment Risk Compliance Specialist
16 hours ago
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 DescriptionThis 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.
- 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.
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.
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