About The Role
This role serves as one of Income's MAS Liaison Officers, acting as a key point of contact for regulatory engagements with the Authority. The incumbent will handle communications and interactions with regulators and assess new and revised regulatory requirements.
Requirements
Regulatory Liaison
- Act as the regulatory liaison for the Monetary Authority of Singapore (MAS), managing the local regulatory risk profile and relationship with the MAS.
- Ensure the timely handling and consistency of all communications, interactions, inspections, and related matters with MAS.
- Review and validate responses from Business Units (BUs) to MAS queries, ensuring accuracy and completeness.
- Coordinate meetings and discussions with BUs and stakeholders on MAS-related matters.
- Support and manage preparations for MAS meetings, monitor supervisory expectations, and track commitments to ensure timely fulfilment.
- Build strong relationships with regulators and internal stakeholders.
Compliance Monitoring
- Monitor regulatory developments and evaluate their potential impact on the organisation.
- Ensure timely dissemination and provide concise summaries of new or revised regulations to relevant stakeholders.
- Track and report on regulatory commitments and supervisory expectations to ensure compliance and timely fulfilment.
Reporting and Training
- Manage the preparation of various reports to Senior Management and the Board on various compliance matters.
- Assist in conducting compliance training for staff and representatives on regulatory compliance matters where necessary.
Qualifications
- At least a Bachelor's degree or above in a relevant discipline (e.g. law, finance, accounting etc.)
- Any relevant professional qualifications or certifications are an added advantage.
- At least 5-8 years of experience in compliance-related work within the insurance or financial services industry, or in regulatory agencies.
- Prior experience in regulatory liaison work, either from an insurer or a regulator, will be considered an added advantage.
- Must be proficient in MS Office and its applications.
