Risk & Compliance Manager

19 hours ago


Singapore PRUDENTIAL ASSURANCE COMPANY SINGAPORE (PTE) LIMITED Full time

Job Profile Summary:
Your role is crucial for ensuring that the company operates within legal boundaries, adheres to regulations, and maintains ethical standards. Your responsibilities include overseeing regulatory compliance, assessing risks, and designing and implementing risk and compliance programs. Effective communication, analytical thinking, and ethical integrity are essential skills for success in this role.

**Job Description**:

- Develop and implement company policies, Group’s requirements, and regulations.
- Provide guidance and assistance to business units regarding relevant regulations specific to the insurance industry. Integrate regulatory requirements into business plans and processes.
- Stay informed about insurance regulations, consultation papers, and new pronouncements. Ensure that these updates are incorporated into the procedures and disseminated to the relevant key stakeholders.
- Identify risks that could impair the company's reputation, information security, or general operations and implement ways to mitigate or eliminate them entirely.
- Collaborate with business functions to document controls related to risk management, compliance with insurance laws and regulations, established compliance programs, internal controls, and operational processes.
- Work with relevant business units to address regulatory requirements and implement relevant measures to address identified risks.
- Clearly articulate compliance-related matters to representatives and/or business units.
- Assist in managing internal audit reviews/projects related to financial, operational, and sales advisory process aspects specific to risk and compliance.
- Assist in monitoring control systems to deal with violations of regulations and internal policies.
- Review existing processes relating to data privacy, regulatory, sales compliance and financial crimes requirements.
- Provide regular and/or ad-hoc reporting to relevant governance forums.
- Undertake ad-hoc tasks, projects or reviews as directed by Head of Risk and Compliance.

Competencies & Personal Traits

Who we are looking for:

- Experience in regulated insurance financial institution
- Familiar with all applicable statutes, rules, and regulations relevant to the Financial Advisers industry, including the Financial Advisers Act, MAS Codes, Notices, Guidelines, and AML/CFT regulations.
- Excellent communicator with ability to translate regulatory requirements relevant to the business and representatives.
- Nimble and flexible to change, able to adapt to fast-paced and changing situations.
- Experience in Compliance and Risk processes.
- Organized and meticulous.
- Good stakeholder management and enjoys working with people at all levels of seniority.

Working Experience:

- At least 4-6 years of working experience in risk and/or compliance roles. This experience is preferably gained within the insurance industry.
- Exposure to the Financial Advisers sector, regulatory compliance, and risk management is highly valuable.

**Education**:

- Degree in any discipline.

**Language**:

- Strong command of the English language.


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