Manager, Group Regulatory Compliance Manager, Group Regulatory Compliance …

Great Eastern Life Assurance Co Ltd
in Singapore
Permanent, Full time
Last application, 13 Apr 21
Competitive
Great Eastern Life Assurance Co Ltd
in Singapore
Permanent, Full time
Last application, 13 Apr 21
Competitive
Manager, Group Regulatory Compliance
Job Purpose

You will be part of a team to drive and implement the Compliance Risk Management Framework and compliance requirements for all GE entities within the Group, by effectively supporting the business units in their duty to comply with relevant laws and regulations.

The Job

  • Actively engage the respective business units and local entities counterparts across Great Eastern Group of entities to monitor any significant regulatory development in the respective countries and to ensure that the overall compliance risks of the relevant entities are adequately managed;
  • Provide advisory on regulatory requirements to business units; and general compliance matters to all entities; and be involved in new initiatives / projects, if any, to assess compliance with regulatory requirements;
  • Providing oversight and support to the local entities and this include the review of monthly compliance communication pack submissions by the respective local entities, monitor any significant regulatory development in the respective countries;
  • Coordinate responses from the respective business units for MAS / LIA / GIA regulatory information requests and ensure the submission timeline to the regulators are adhered to. This would include regulatory inspection matters and tracking of resolutions, feedback to adhoc / periodic regulatory surveys and consultation papers, regulatory information requests;
  • Roll out Compliance Requirement Self Assessments ("CRSAs") for the applicable laws and regulations to the respective business units and work with the business unit to implement the required compliance controls. This would include to ensure the CRSA is finalised and signed off in a timely manner and tracking the resolutions of action plans when gaps are identified;
  • Responsible to review the compliance event reporting ("CER") from business units and local entities. This would include monitoring of the timely CER submission by business units and tracking of resolutions on action plans;
  • Vet and review of products / marketing materials produced by the Company to ensure compliance with regulatory requirements and internal policies. This would include product marketing materials, product launch training slides, product information packs, proposal forms, policy contracts and other relevant product materials;
  • Roll out the required annual compliance eLearning and/ or workshops for employees when required;
  • Responsible for the preparation and co-ordination work for compliance related matters, which shall include arrangement for the management meetings, preparation of meeting materials/ compliance related reports, information gathering and other administrative matters;
  • Take accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks;
  • Maintain awareness of industry trends on regulatory compliance, emerging threats and appropriate steps to mitigate the risks;
  • Highlight any potential concerns/risks and proactively shares best risk management practices; and
  • Carry out ad-hoc tasks/projects as requested by the immediate Supervisor and/or Head of Group Compliance.
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