Principal Specialist, Compliance
Principal Specialist, Compliance
fairprice group- Posted 17 hours ago
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Job Description
Job Description
Reports to: Head of Governance, Risk and Compliance
Role Objective
Reports to: Head of Governance, Risk and Compliance
Role Objective
- Serve as a 2nd Line of Defense (L2) Operational Risk & Compliance Manager focusing exclusively on brick-and-mortar store operations. Provide independent compliance oversight, challenge, and advice over store-level activities across supermarkets and food outlets.
- Embed regulatory obligations and internal control standards into daily shop-floor operations while maintaining continuous monitoring, risk assessments, and governance reporting.
- Store Compliance Framework & Regulatory Mapping
- Maintain and update the L2 store compliance framework, minimum control standards, policies, and store inspection checklists for physical retail and food outlets.
- Map applicable local regulatory obligations (e.g., food hygiene standards, licensing, price display, weights & measures, PDPA at store level) and internal policies into clear operational control requirements for store teams.
- Maintain a central inventory of store-level operational compliance risks, obligations, and key controls.
- Provide independent advice and L2 challenge on store operational risks and control effectiveness.
- Risk-Based Store Reviews & Independent Challenge
- Plan and conduct risk-based store compliance reviews, control self-assessment (CSA) validations, attestations, and unannounced store visits.
- Maintain supervisory L2 oversight over key store risk areas-such as cash management, inventory management, point-of-sale (POS) exceptions, data protection, and store-level regulatory licenses.
- Oversee root-cause analysis for store compliance breaches, control deficiencies, and repeat audit findings.
- Agree on remediation action plans with Store Operations, track issue closure, and escalate overdue or recurring risks.
- Continuous Monitoring & Tech Enablement
- Establish Continuous Compliance Monitoring (CCM) rules, risk thresholds, Key Control Indicators (KCIs), and escalation triggers using store-level operational data.
- Leverage data analytics (e.g., POS exceptions, cash variances, stock loss trends) to target L2 reviews at higher-risk store locations rather than relying on fixed physical rotation schedules.
- Partner with Digital & Technology and Compliance Tech teams to refine digital inspection tools, automated exception reporting, and GRC tracking platforms for store managers.
- Governance Reporting, Training & Culture
- Prepare store compliance dashboards, KCI trend reports, and risk insights.
- Deliver practical compliance training and guidance to store managers and frontline teams to build strong compliance awareness and accountability on the shop floor.
- Bachelor's Degree in Accounting, Business, Finance, Risk Management, Law, or a related field.
- 8 to 10 years in operational compliance, internal audit, operational risk, or loss prevention-experience in the retail industry is preferred, especially prior hands-on experience in supermarket or food outlet operation.
- Demonstrated knowledge of 2nd Line risk frameworks, control self-assessment testing, risk mapping, and issue tracking.
- Proficiency in analysing store exception data, cash variances, or inventory reports to identify high-risk stores.
- Ability to effectively influence and challenge store operational leaders, along with willingness to conduct store visits islandwide (including occasional non-office hours).
- Experience with Continuous Compliance Monitoring (CCM) logic or GRC dashboarding tools.
- Experience in assessing store-level fraud risks, designing anti-fraud monitoring controls, or participating in operational risk and fraud prevention reviews within physical retail environments.
- Professional certifications such as Certified Internal Auditor, Certification in Risk Management Assurance, Certified Fraud Examiner, International Compliance Association (or International Compliance Association Qualification/Diploma), Personal Data Protection Act certifications.
More Info
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Key Skills
Risk mapping
Control self-assessment testing
GRC tracking platforms
GRC dashboarding tools
Automated exception reporting
Root-cause analysis
Digital inspection tools
Regulatory mapping
Continuous Compliance Monitoring (CCM)
About Company
Skills:
FAA, Treasury Products, PDPA, Internal Controls, Transaction Banking, SFA, Regulatory compliance training, Compliance risk management, Compliance frameworks, Banking Act, Regulatory compliance advisory, Global Banking
Skills:
GMP regulations, ICH regulations, pharmaceutical RM control, Cgmp, pharmacopoeia EP USP ChP, Quality Systems, root cause analysis tools, RM testing methods
Skills:
Control frameworks, Regulatory Matters, Compliance advice, compliance training, Strategic compliance projects, Regulatory change initiatives, Stakeholder Management
Skills:
Python, Big Data Technologies, Screening analytics, Data warehousing solutions, Detection logic and algorithms, SWIFT message formats, Data Analysis, Financial crime detection platforms, Risk scoring
Skills:
Cyber security technologies (SIEM, Cyber-analytics), Networks, Applications, Cybersecurity, Devops, Databases, Vms, Cloud, Operating Systems, Cism, Internal Controls, NIDPS, Security frameworks, IT governance auditing techniques and methodologies, Enterprise IT systems and components, Cisa, CASB, Cissp, cgeit, Risk management, CRISC