Assistant Compliance Manager

Established in Asia in 2013, FWD is the insurance business of investment group, Pacific Century Group, and spans Hong Kong & Macau, Thailand, Indonesia, the Philippines, Singapore, Vietnam, Japan and Malaysia, offering life and medical insurance, general insurance, employee benefits, Shariah and Family Takaful products across a number of its markets.

In Singapore, FWD aims to change the way people feel about insurance by leveraging technology to deliver products and services that are relevant, easy to understand and always convenient for our customers. To this end, we have a direct-to-consumer (DTC) platform that allows customers to buy their preferred life and general insurance products directly from our website; as well as a network of preferred Financial Advisory (FA) firms for customers who want to speak with an advisor before committing to an insurance plan. Whatever their preference, we believe insurance should be simple, reliable and convenient.

Similarly, if you are looking for a career where you can create a real impact and celebrate living, we invite you to join us on our exciting journey.

PURPOSE

As an Assistant Compliance Manager, you will be part of the risk management and compliance team responsible for governance, managing regulatory risk, promote data protection culture, and financial crime.

KEY ACCOUNTAIBILITIES- Monitor regulatory developments - laws / regulations / directives / rules - issued by the MAS, PDPC, other relevant authorities, industry guidelines and Group office to ensure that reviews of products, marketing collaterals, training materials, services, business and or operational processes/initiatives are in adherence to regulatory, industry and Group requirements- Manage the implementation process of regulatory / Group developments including but not limited to the tracking, monitoring and reporting of the Company’s overall state of Compliance with the regulations, notices and directives- Responsible for the timely preparation of reports for the communication of regulatory developments to the business unit and senior management- Responsible for the maintenance of the regulatory obligation register- Ensure timely identification and closure of identified Compliance gaps/breaches and collaborate with relevant business and operational units to assess and proactively manage controls to mitigate and rectify risks arising from the gaps/breaches- Review and conduct sample testing of controls to ensure optimum efficacy for Compliance risk mitigation- Possess sound working knowledge of regulations impacting financial crime risks including but not limited to money laundering, terrorism financing, bribery and corruption, tax evasion and fraud- Assist in monitoring controls to mitigate against financial crime risks and putting systems in place for the purposes of such mitigation remain robust- Day-to-day adjudication of name screening alerts and/or transaction monitoring alerts

QUALIFICATIONS / EXPERIENCE- Bachelor’s Degree- 4 to 6 years financial services industry/compliance/audit experience- Good understanding on Singapore regulatory environment or landscape- Experience with regulatory engagements or interactions will be an added advantage- Member of an internationally recognised Governance/Compliance professional body such as International Compliance Association preferable; not compulsory

KNOWLEDGE, SKILLS & ABILITY- Possess sound working knowledge of regulations impacting financial crime risks including but not limited to money laundering, terrorism financing, bribery and corruption, tax evasion and fraud- Excellent communication and interpersonal skills- Strong organizational skills- Self-starter- Great teammate, keen to share knowledge and experience within the team- Proficiency in spoken and written English