You Will Assist The Following
- Ensure successful completion of assigned investigation cases, from start to finish, inclusive of pre-planning and wrapping up of activities.;
- Ensure the fulfilment of the Fit & Proper criteria for New Applicants and existing Distribution;
- 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 follow up on 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
- Assess conflict of interest related to Distribution Representatives outside business or employment engagement;
- 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/or updates to the agency force on Market Misconduct and/or Risk & Compliance matters;
- Conduct compliance assurance on business units and preparation of findings report;
- 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.
- Degree holder in any discipline, preferably with relevant work experience;
- Prior experience in investigation with Law Enforcement Agency or Compliance Department in the Financial Industry or Audit Function;
- Good knowledge of MAS and FAA rules and regulations and / or sales experience in the Financial Industry would be an advantage;
- Proficient in MS office applications;
- Ability to multi-task and prioritise whilst maintaining standards and accuracy in deliverables;
- Strong analytical skills, meticulous, self-motivated and a good problem-solver;
- Good interpersonal, communication and organisational ability;
- Proficient in report writing and presentation skills;
- Team player;
- High level of integrity, takes accountability of work and good attitude over teamwork; and
- Takes initiative to improve current state of things and adaptable to embrace new changes.
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
