VP/AVP, Group Regulatory Compliance

Job Title: VP/AVP, Group Regulatory Compliance
Contract Type: Permanent
Location: Singapore
Salary: Negotiable
REF: 0005_1572319531
Contact Name: Fionella Foo
Contact Email:
Job Published: 7 months ago

Job Description

Insurance; Section Head; Excellent Career Development Opportunities; Great work-life balance

  • Construct and maintain the Compliance Risk Management Framework and all its relating Standards, Guidelines and Standard Operating Procedures (SOPs)
  • Work closely with other compliance sections to implement the Compliance Risk Management Framework, Standards, Guidelines and SOPs efficiently and effectively
  • Establish and maintain a compliance examination methodology and annual plan and ensure effective execution of all compliance examination exercises
  • Provide advisory to the business on the Compliance Risk Management Framework, Standards, Guidelines and SOPs
  • Work closely with business units to ensure Compliance Event Reporting (CERs) are timely reported and escalated with adequate action plans identified to remediate the compliance event within in the agreed timeline
  • Keep abreast of developments in the local and regional regulatory environment as well as international regulatory environment which may impact the company
  • Ensure that the Compliance Matrix and Compliance Requirements Self-Assessment (CRSA) documents are established, updated, reviewed and maintained for all relevant new/revised regulations
  • Engage in project management of various compliance projects as well as key initiatives of the company
  • Manage and oversee the performance of Business Units' Department Compliance Officers (DCOs) by setting up performance criteria, carrying engagement and training sessions, evaluating the performance of all DCOs
  • Carry out the Annual Attestation exercise together with the Operational Risk team
  • Perform oversight on the business' subsidiaries to monitor any significant regulatory development in the respective countries and to ensure that the overall compliance risks of the relevant entities are adequately managed
  • Maintain an inventory of all essential compliance documents including compliance framework/standards/SOPs, laws and regulation, Compliance Matrix and CRSA
  • Drive Compliance Training and Awareness Program to improve the compliance risk culture and regulatory knowledge of the team and company
  • Liaising with various regulators on information request, inspection and any other regulatory matters
  • Monitor subordinates' performance and provision of guidance as well as succession plan
  • Carry out ad-hoc tasks/projects as requested by the Head of Group Compliance.


  • Degree in Accounting/Business Studies/Finance/Insurance or any other related fields
  • Minimum 8-10 years working experience in the area of compliance, internal audit or risk management in the financial services industries, preferably from the insurance industry
  • Good knowledge of compliance risk management processes and compliance examination/testing methodology
  • Sound knowledge of MAS notices and other regulatory requirements affecting the insurance/financial services industry