Risk & Compliance Officer

2 weeks ago


Singapore ST. JAMES'S PLACE (SINGAPORE) PRIVATE LIMITED Full time

**Key Responsibilities of the Job**

Compliance
- Support the Head of Risk & Compliance in delivering the Branch Risk & Compliance Plan.
- Proactively monitor and assess new and emerging regulations issued by the MAS, LIA, and other relevant authorities.
- Ensure regulatory registers are kept up to date and appropriate management information is available to facilitate the ongoing assessment of the effectiveness of compliance controls and procedures.
- Review and manage policies and frameworks for compliance with relevant regulatory requirements.
- Undertake compliance reviews, investigations and ad-hoc tasks as requested by the Head of Risk & Compliance and Senior Management.
- Ensure the Branch’s AML/CFT framework is aligned with regulatory and SJP Group requirements.
- Provide ongoing compliance advisory and support to internal stakeholders.
- Support the Branch in its liaison with regulators and auditors.
- Support the Head of Risk & Compliance in preparing compliance reports for governance meetings.

Risk Management
- Support the Branch in its oversight of its external and internal outsourcing arrangements.
- Ensure regular monitoring against risk appetite, the publication of Key Risk Indicators and that breaches of risk appetite are escalated appropriately.
- Ensure that adequate and effective risk management policies and arrangements are established, implemented and maintained.
- Work with the Group Business Continuity, Cyber Security, Data Protection teams to ensure that appropriate arrangements are in place and working effectively.
- Support the Head of Risk & Compliance in preparing risk reports for governance meeting.

**Requirements of the Job**
- 2-4 years of experience in a risk, compliance or related function (e.g. audit, legal) in the financial industry, preferably in the life insurance industry.
- Good knowledge of regulatory requirements applicable to life insurer is preferrable but is not a must
- Good understanding of risk and control processes is preferrable but is not a must
- Experience in liaising with regulators will be an added advantage
- Strong communication and interpersonal skills in both verbal and written form.
- Self-motivated and proactive individual who is able to work independently as well as cohesively with other stakeholders.
- Capable of balancing compliance risk and commerciality.
- Detail oriented with strong analytical and critical thinking skills.
- Relevant risk and compliance qualifications/certifications will be an added advantage.


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