Regulatory Compliance & Risk Culture, Principal / Consultant

FIND YOUR BETTER AT AIA

If you believe in better, we'd love to hear from you.

About the Role

Reporting to Senior Manager, Regulatory Compliance & Risk Culture, this position is responsible to help the Company in managing and mitigating regulatory risk, including market conduct regulatory requirements. Collaborate with business functions to foster a positive risk culture through effective risk and compliance awareness, engagement, advisory and preventive programs. This position will also provide necessary support or mentoring and coaching to fellow team members.

Regulatory Compliance

• Provide ongoing compliance advisory and support to business functions on various business initiatives, in order to ensure that the business is compliant with existing and new regulations.

• Conduct gap assessments on new regulatory developments, liaise with the various business functions to ensure new regulatory requirements are properly implemented, identified gaps are closely monitored to ensure adherence to regulatory requirements.

• Ensure regulatory compliance registers are kept up to date and timely certified by Senior Management, regulatory obligations are effectively embedded into business, monitor and ensure proper remediation of any lapses noted.

Regulatory Liaison

• Liaise with key regulators and industry associations to ensure that their requests and queries are promptly addressed. Facilitate engagement sessions with key regulators to ensure AIAS relationship with key regulators are well managed.

• Review and provide adequate challenge to the business functions on responses to regulators to ensure the Company's responses are accurate, consistent and of good quality.

• Assist in reporting requirements to regulators, Group, Board of Directors, senior management, and other stakeholders as required.

Other responsibilities

• Where relevant, provide necessary mentoring and coaching to upskill fellow team members.

Requirements

• Bachelor Degree (or degree equivalent) with emphasis on accountancy, business/ business administration/ business management/business studies, insurance or law.

• At least 6 years relevant experience, preferably in the financial services industry, with knowledge of market conduct regulatory compliance for retail customers and liaison with MAS.

• LOMA, CMFAS papers will be an added advantage.

• Team player

• Good understanding of the Financial Advisers Act 2001 and its subsidiary legislations, guidelines and relevant industry association's memos and the application to retail business.

• Liaison, relationship building and communication skills e.g. mediation.

• Building trust and credibility with Key Regulators by responding in an accurate, timely and concise manner.

• Project management

• Presentation skills

Believe in better with AIA.If you work at AIA, you play an important part in this movement. Which is why we give you every opportunity to learn, grow and shape your career - your way!

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