Vice President, Distribution Compliance - Insurance | Contract

Location Singapore
Discipline Insurance
Job Reference BBBH139282_1718859339
Salary S$7500 - S$10000 per month
Consultant Name Cristina Malabuyoc Malijan
Consultant Email [email protected]
Consultant Contact No. 62328835
EA License No. 02C3423
Consultant Registration No. R1111547

Job scopes

  • The job holder will sit in the Second Line of Defense and be the Subject Matter Expert in all regulatory requirements concerning market conduct matters that cut across product lines including Life, Health and General Insurance.
  • Work closely with business to deliver key strategic initiatives in data migration and infrastructure, providing compliance advisory on relevant market conduct matters from both regulatory and with respect to the company's global standards as well.
  • Where required, the job holder is expected to manage governance around marketing materials and advertisements to ensure that they meet regulatory and company compliance policy requirements.
  • Required to assist in the completion of relevant thematic risk reviews and controls monitoring assessments for insurance to strengthen proactive risk management and risk stewardship activity.
  • Assist the team in the consolidation of information required for management reporting in respect of distribution compliance risk areas.
  • Working as a team, the job holder is required to provide day to day support to various areas that required compliance advisory on all market conduct matters, and this will include review of consultation papers from both regulators and industry bodies, and implementation of the requirements when they are effected as regulatory notices and undertakings.
  • Update and keep relevant functional policies and procedures updated from time to time.
  • Assist the Team Lead in preparing data and information for submission to the management or regulator as and when required.
  • Monitor and track regulatory dissemination and implementation of such regulations across all relevant risk taxonomies and assist in the preparation of relevant papers for different committees including Board risk committee.
  • Liaise with relevant stakeholder within Insurance in Singapore, other Global Business and functional teams to provide support on Distribution Compliance related matters, under the guidance of the team lead.
  • Ensure the appropriate timely and relevant risk information collated and documented.

Job requirements

  • Degree in Banking, Finance or any related discipline
  • At least 5-8 years of relevant experience in life insurance industry
  • Must have deep understanding of the market conduct requirements specific to insurance business and the Tied Agency/Financial Advisor (FA) business models for sound advice to be provided to support business objectives.
  • Experienced compliance practitioner in the insurance industry
  • Business analyst with experiences in compliance transformation works in insurers
  • Knowledge and understanding of regulatory requirements/expectations under the Securities and Future Act (SFA), Financial Advisers Act (FAA), Fair Dealing guidelines and the associated notices issued, including those issued by Life Insurance Association (LIA) with regard to life and health insurance businesses on the market conduct requirements, will be crucial in this role.
  • Able to work with minimum hand holding and ability to deal with stakeholders in business, including senior leaders, confidently and professionally.
  • Self-driven with an excellent eye on details, perseverance in meeting goals set, analytical mind, excellent communication and inter-personal skills, are attributes required for the success of this role.

Cristina Malabuyoc Malijan EA License No. 02C3423 Personnel Registration No. R1111547

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