Job Opportunity: Compliance Senior Manager / Associate Vice President
Company Overview
Our client, a preeminent leader in the Insurance industry, is seeking a seasoned Compliance Senior Manager / Associate Vice President to join their dedicated team. This company is well-regarded for its commitment to ethical practices, innovative insurance solutions, and a robust compliance framework ensuring unparalleled service delivery and regulatory adherence.
Role & Responsibilities
- Develop and implement comprehensive compliance programs addressing both current and emerging regulatory requirements.
- Lead compliance project initiatives aimed at fortifying the department's capabilities to efficiently handle regulatory changes.
- Cultivate a culture of compliance awareness and education across all departmental levels, ensuring consistent adherence to both internal policies and external legal regulations.
- Collaborate with other department heads to incorporate compliance solutions that support business objectives without compromising regulatory requirements.
- Prepare detailed reports for senior management and regulatory bodies, articulating the company's compliance status and proactive measures taken in light of audit findings.
Key Skills
- 8 years of relevant experience in Insurance (Life and/or General Insurance)
- Deep understanding of regulatory environments, especially relevant to the Insurance sector.
- Proven expertise in leading compliance-driven projects with a proven track record of successful implementations.
- Excellent organizational skills with an ability to manage multiple priorities and maintain attention to detail.
- Strong interpersonal and communication skills, capable of working constructively with diverse teams within and outside the compliance department.
- Strategic thinking with an analytical mindset equipped to anticipate and mitigate compliance-related issues efficiently.
Employment Type
This is a full-time, permanent position, offering a competitive compensation package and the opportunity to work within a dynamic and highly supportive environment.
Desired Skills and Experience
Summary
The role will be responsible for all area of the organization compliance program. You will be work closely with the Company's senior management, legal and business stakeholders in managing regulatory interaction and compliance risks.
JOB RESPONSIBILITIES
Implement an effective compliance program to ensure the company complies with applicable laws, regulations and policies, including (but not limited to) the Insurance Act, MAS Regulations & Notices, and internal corporate policies.
Stay abreast of regulatory requirements, changes and developments, and provide timely update on regulatory development to the business stakeholders and senior management.
Responsible for the development and operating effectiveness of sanction screening and AML controls.
JOB REQUIREMENTS
-Minimum 8 years of relevant experience in Insurance (Life or Non-Life)
-Familiar with relevant rules, regulations and expectations of the MAS and PDPC
-Strong interpersonal skills and the ability to interface with all levels within the company
