
Associate Director, Compliance
2 weeks ago
**Position Overview**
This person will be based in Singapore and be primarily responsible for supporting the Compliance Function for RGAI Branch Singapore and RSS Singapore as well as broader SEA and India responsibilities as delegated by the Head of Compliance, Southeast Asia and India.
**Responsibilities**
- Specific focus on ensuring continuing compliance and managing regulatory requirements in Singapore
- Monitor, highlight and propose solutions for new regulations which develop from time to time with the guidance of the Head of Compliance
- Be aware of regulatory developments in the rest of SEA which may have implications to the SEA portfolio
- Perform gap analysis for regulation against RGA practices
- Assist with the implementation of new processes or procedures due to regulatory changes imposed by the branch
- Suggest process improvements and work with the business to get appropriate buy-in
- Identify work processes that have compliance implications and consider regulatory implications when assessing those controls
- Prepare compliance monitoring reports
- Manage internal compliance audits and thematic reviews
- Deliver compliance training for key compliance issues where necessary
- Prepare Compliance documentation for the ARMC
- Liaise with regulator under the supervision of the Head of Compliance
- Assist in the preparation for external inspections where necessary
- Assist in the preparation of RGA Group/regional reporting for SEA region where necessary
- Ensuring reporting and compliance obligations are adequately monitored and managed through the use of a compliance calendar
- Communicate with external organizations such as insurance trade organisations or counterparts of cedant companies where necessary
- Handle administration works of the compliance team
- Assist the Head of Compliance as needed in supporting India Compliance from a consultative perspective
- Assist the Head of Compliance in managing communication with internal and external auditors as well as clearing audit items
- Assist the Head of Compliance in operational risk areas as delegated by him/her
**Requirements**:
- Bachelor’s degree with a minimum of 6-8 years as a compliance officer with a financial institution, preferably an insurance company
- Clear understanding of the workings of the financial services and/or insurance regulations, reporting requirements and practices
- Team player, proactive, results-driven and adaptable
- Strong communication skills in English, both verbal and written
**Company Overview**
Reinsurance Group of America is one of the largest global life and health reinsurance companies in the world. With operations in 26 countries, we are the only global reinsurance company to focus primarily on life and health related reinsurance solutions.
Our core products and services include life reinsurance, living benefits reinsurance, group reinsurance, health reinsurance, financial solutions, facultative underwriting, and product development.
RGA Empowers Employees. It’s one thing to hire smart people, it's another to empower them. This is one of the most important differences between RGA and its competitors. RGA empowers its employees to use their intelligence and creativity to find solutions for customers. To be proactive in their approach to bringing value to our customers.
Job Reference: AS02254
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