Bring your career aspirations to life with AIA!

To lead a team who will assist the Associate Director, Regulatory Compliance & Risk Culture in collaborating with other business units to foster a positive compliance and governance culture through effective compliance awareness, engagement, advisory and preventive programs so as to manage and mitigate regulatory, compliance and reputational risks.

Regulatory Compliance

• Provide ongoing compliance advisory and support to key business units (BUs) on various business initiatives, in order to ensure that the BUs are compliant for existing and new regulations.
• Conduct gap assessments on new regulatory developments, liaise with BUs to ensure new regulatory requirements are properly implemented, gaps noted are closely monitored to ensure adherence to regulatory requirements.
• Ensure regulatory 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

• Assist in Regulatory Liaison work i.e. prepare and collate reports/ information required by key Regulators e.g. LIA, MAS and CPFB, to assist in regulatory queries, engagement sessions with Regulators and/or external auditors to ensure AIAS’ relationship with key Regulators are well managed.
• Assist in reporting requirements to the MAS, Group, and other internal stakeholders as required.

Non-Financial Measures

• Implement regulatory requirements at local level by effectively communicating requirements to relevant departments/staff, identifying gaps, implement action plan to mitigate gaps and provide the necessary training. 
• Provides prompt compliance advice when handling queries.
• Complete gap assessments with BUs within stipulated timeline.
• Ensure new requirements are properly and timely implemented by business.
• Timely reporting to regulatory /statutory bodies.
• Prompt escalation of issues or potential delays to management.
• All other responsibilities and duties assigned by supervisor are completed within stipulated deadlines.

Education

• Bachelor Degree (or degree equivalent) with emphasis on accountancy, business/ business administration/ business management/business studies, or insurance.
• 8 to 10 years’ experience in compliance/regulatory profession relating to the financial industry, preferably in life insurance sector.  
• Insurance qualifications e.g. CMFAS M5, M8, M9, M9A, Health Insurance will be an added advantage
• Ability to think independently, project management, good interpersonal and communication skills.
• Good communication, influencing and presentation skills Proficient in Microsoft Word, Excel and Power point
• Excellent team player and good work attitude.

Build a career with us as we help our customers and the community live healthier, longer, better lives.

You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.