Compliance Manager

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.