Our client in the financial sector is seeking an experienced regulatory compliance officer to oversee the organisation’s regulatory compliance functions and framework.

Mandatory Skill(s)

  • Bachelor Degree in Accounting/Business Studies/Finance/Insurance or any other related fields; Minimum 8-10 years working experience in the area of compliance, internal audit or risk management in insurance/ financial industry;
  • Strong knowledge of MAS notices and other regulatory requirements;
  • Self-starter and able to work independently with good strategic thinking;
  • Strong coaching skill to guide and direct team members;
  • Ability to handle difficult situations, manage stress and multi-task in a fast-paced environment;
  • Excellent communication, presentation, and advisory skills to effectively communicate with different levels to resolve issues.

Desirable Skill(s)

  • Experience in the financial Industry.

Responsibilities

  • Ensure all compliance frameworks and standards are carried out efficiently and effectively;
  • Provide compliance advisory to management and staff for the applicable laws, regulation, rules, and standards and involved in their implementation by working with business users;
  • Responsible for effective execution and monitoring of new/revised regulations;
  • Responsible for handling process including Compliance Notice, Compliance Matrix and Compliance Risk Self-Assessment (CRSA);
  • Actively involved in formulating compliance policies and compliance framework;
  • Work closely with other key  peers to prepare the annual compliance examination work plan along with implementation;
  •  Participate in reviewing compliance-related policies, guidelines, and procedures;
  • Work closely with business units to ensure timely reporting, escalating and identifying action plans to remediate compliance events within the stipulated timeline;
  • Maintain vigilance over and be updated of the developments in the local and regional regulatory environment as well as the international regulatory environment which may impact the Company;
  • Maintain an inventory of all essential compliance documents including laws and regulation, Compliance Matrix and CRSA;
  • Plan and execute Compliance Training and Awareness Programs to improve the overall team technical knowledge and also to improve the compliance risk culture of Group Risk Management and the Company.
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