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Senior Compliance Officer - Insurtech

Job Title: Senior Compliance Officer - Insurtech
Contract Type: Permanent
Location: Singapore, Singapore
Industry: Banking
Salary: Negotiable
Reference: JN -032019-231079
Contact Name: Janice Chee
Contact Email: jchee@argyllscott.sg
Job Published: May 03, 2019 13:48

Job description

Exciting role awaits a driven individual with interest in Fintech and solid knowledge in Life Insurance products & FAA regulatory requirements

Regulatory Compliance

  • Provide general regulatory advice and support to the business on regulations inclusive of the digital platform and third-party distribution channels
  • Personal Data Protection Framework
  • Maintain the PDPA Framework and ensures alignment with regulatory requirements as prescribed by PDPC
  • To ensure staff and representatives are fully competent and educated in their data-related activities and have an understanding of the data governance framework, the policies and processes through training modules and/or training materials

AML/CFT Framework

  • Maintain the AML/CFT Framework and ensures alignment with regulatory requirements as prescribed by MAS
  • Observes the conduct of the customer's account and ensure that the transactions are consistent with knowledge of the client's business and risk profile, and where appropriate, the source of fund/wealth
  • Timely clearance of AML/CFT risk alerts from the automated screening system

Regulatory Updates/ Review/ Compliance

  • Reviews and disseminates all new/ changes in regulations to Senior Management for their information/ action
  • To assist Manager in providing advisory on impact of regulatory changes to business and/or market
  • Collate and consolidate necessary responses from the Business Units for Consultation papers
  • Assist in planning and implementing revised processes and procedures in response to regulatory changes

MAS Reporting/ Handling of MAS' Queries

  • Ensure timely reporting to the Authorities, including but not limited to, MAS Questionnaire on Financial Advisory Service or any other reports as and when required by MAS and/or Management

Requirements

  • Bachelor's degree background (diploma or degree equivalent) with at least 5 years' compliance experience in insurance or financial services industry.
  • At least 5 years of working experience in financial industry, preferably in the insurance industry doing compliance-related work. Sound knowledge of the insurance industry, in the area of regulatory/industry requirements, e.g. FAA, MAS regulations (Notice/Guideline/Circulars), Insurance Act, LIA guidelines.
  • Insurance qualifications e.g. CMFAS M5, M8, M9, M9A, Health Insurance will be an added advantage
  • Compliance-related certifications preferred e.g. Diploma in Compliance, Associate of ACI etc. will be an added advantage
  • A team player with strong project management, good interpersonal and communication skills.
  • Good communication and presentation skills
  • Proficient in Microsoft Word, Excel and Power point
  • Good influencing and relationship management skills

For further information, please contact Janice at 6597 5174/9234 5257 or email to jchee@argyllscott.sg

EA Registration Number: R1871479
Argyll Scott Singapore Pte Ltd. EA Licence Number: 16S8105