Compliance Manager

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You will assist the following:
· Ensure successful completion of assigned investigation cases, from start to finish, inclusive of preplanning and wrap up activities;
· Ensure the fulfilment of the Fit & Proper criteria for New Applicants and existing Distribution Representatives’
· Ensure Distribution Representatives are in compliance with the Company’s guidelines, circulars, notices and/or directives as well as laws including but not limited to regulations, guidelines or notices etc. issued by the Monetary Authority of Singapore or the Life Insurance Association of Singapore;
· Apply risk and control concepts to scenarios encountered in assessments and/or investigations and identifies any potential issues; and
· Report identified issues to Supervisor to ensure any potential concerns are addressed timely and effectively, and the appropriate enforcement actions are meted out to Distribution Representatives.
Fit & Proper
· Assess on the Fit & Proper status of New Applicants and existing Distribution Representatives and proceed with the necessary course of action;
· Obtain and review evidence ensuring that the assessments are well-documented;
· Revision of Standard Operating Procedures(“SOP”), matrices and guidelines;
· Monitoring of Distribution Representatives issued with Directives;
· Review of the Annual Declaration Exercise and preparation of the management report;
· Perform checks on Fit & Proper records and other related issues for business units;
· Ensure that Distribution Representatives’ outside engagement are of no conflict;
· Agent Fraud Monitoring;
· Reporting statistics and relevant information;
· FAA related advisory (Fit & Proper) to business units; and
· Any other ad hoc duties / projects in this scope.
Investigation
· Conduct assigned investigations successfully from beginning to end;
· Ensures investigation conclusions are based on a complete understanding of the issues, circumstances and risk;
· Obtain and review evidence to ensure that investigation conclusions are well-documented;
· Identify and communicate issues raised, offering recommended solutions relevant to business and risk;
· Mete out enforcement actions as warranted based on investigation findings;
· Prepare management reports related to investigation findings;
· Preparation of information in relation to FIDReC mediation and adjudication sessions; and
· Any other ad hoc duties / projects in this scope.
Others
· Provide trainings and updates to the agency force on Market Misconduct and/or Risk & Compliance matters;
· Conduct scheduled / ad-hoc leader’s inspection and preparation of inspection findings report; and
· Able to review, write and formalise SOP and its related processes.
· Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
· Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
· Highlights any potential concerns /risks and proactively shares best risk management practices.

Seniority level

• Seniority level Executive

Employment type

• Employment type Full-time

Job function

• Job function Management
• Industries Insurance

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