You will be part of a team to drive and implement the Compliance Risk Management Framework and compliance requirements for all GE entities within the Group, by effectively supporting the business units in their duty to comply with relevant laws and regulations
- Key regulatory liaison with MAS, LIA, GIA and any other authorities which include coordination and facilitation with business stakeholders on inspections, information requests and queries promptly;
- Provide compliance advisory on regulatory requirements to business units and be involved in new initiatives/projects to understand business units concerns/needs;
- Provide oversight and support to the local entities on general compliance matters/Group initiatives, including localisation of Group policies, standards and guidelines where required;
- Identify and assess the impact of any regulatory developments. Keep abreast of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company;
- Responsible to handle compliance incidents across GE Group. This would include monitoring of the timely compliance events reporting by business units and tracking of resolutions on action plans;
- Trigger the Compliance Requirement Self Assessments (CRSA) for applicable laws and regulations to impacted business stakeholders to implement the required compliance controls.
- Support the eGRC system enhancement testing/UAT and provide advice to relevant stakeholders;
- Responsible for the preparation and coordination of compliance related matters, which shall include arrangement for the management meetings, preparation of meeting materials/ compliance related reports and information gathering;
- Carry out ad-hoc tasks/projects as requested by the immediate Supervisor and/or Head of Group Regulatory Compliance;
- Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks; and
- Highlights any potential concerns /risks and proactively shares best risk management practices.
- Minimum 8 10 years working experience in regulatory compliance in the insurance industry;
- Sound knowledge of Insurance Act, Financial Advisers Act, Life Insurance Association/General Insurance Association guidelines and best practices affecting the insurance industry;
- Lead initiatives and self-motivated;
- Ability to build relationship with internal and external stakeholders;
- Meticulous, good analytical and problem solving skills;
- Good communication and interpersonal skills;
- Able to multi-task and work under pressure;
- High level of integrity, takes accountability of work;
- Adaptable to embrace new changes;
- Able to work independently and collaboratively;
- Proactive, resourceful and able to multi-task.
How You Succeed
- Champion and embody our Core Values in everyday tasks and interactions.
- Demonstrate high level of integrity and accountability.
- Take initiative to drive improvements and embrace change.
- Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively.
- Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/ risks to safeguard our company proactively.
Who We Are
Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei. The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of AA- by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia. Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world's most highly-rated banks, with an Aa1 rating from Moody's and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.
To All Recruitment Agencies
Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.
Work Locations
SG-GE Centre
Job
Risk Management
