Senior Regulatory Compliance Officer Senior Regulatory Compliance Officer …

Permanent, Full time
Last application, 17 Jan 22
Permanent, Full time
Last application, 17 Jan 22
Senior Regulatory Compliance Officer
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

  • Support the provision of 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;
  • Active engagement with 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;
  • Coordinate responses from the respective business units for 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;
  • Assess the impact of new/ revised regulatory updates (including Consultation Papers) and conduct impact and gap analysis on these updates. Partner with Business Units on the implementation;
  • 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;
  • Roll out Compliance Requirement Self Assessments ("CRSA") 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 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; and
  • Carry out ad-hoc tasks/projects as requested by the immediate Supervisor and/or Head of Group Compliance.
  • Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
  • Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
  • Highlights any potential concerns /risks and proactively shares best risk management practices.

Our Requirements
  • Bachelor Degree with at least 2 - 3 years of working experience in regulatory compliance, audit or financial services industry;
  • Knowledge and understanding of MAS/LIA/GIA notices, guidelines and other regulatory requirements (including industry guidelines and best practices) affecting the insurance industry;
  • Able to work independently and collaboratively;
  • High level of integrity, takes accountability of work and good attitude over teamwork.
  • Takes initiative to improve current state of things and adaptable to embrace new changes;
  • Able to multitask and work under pressure;
  • Proactive, resourceful and able to handle difficult situations;
  • Possesses good analytical and problem solving skills; and
  • Ability to build relationship with internal and external stakeholders.
About Great Eastern
Established in 1908, Great Eastern places customers at the heart of everything we do. Our legacy extends beyond our products and services to our culture, which is defined by our core values and how we work. As champions of Integrity, Initiative and Involvement, our core values act as a compass, guiding and inspiring us to embrace the behaviours associated with each value, upholding our promise to our customers - to continue doing our best for them in a sustainable manner.

We work collaboratively with our stakeholders to look for candidates who exhibit or have the potential to embrace our core values and associated behaviours, as these are the key traits that we expect from our employees as they develop their careers with us.

We embrace inclusivity, giving all employees an equal opportunity to shine and play their role in exploring possibilities to deliver innovative insurance solutions.

Since 2018, Great Eastern has been a signatory to the United Nations (UN) Principles of Sustainable Insurance. Our sustainability approach around environmental, social, and governance (ESG) considerations play a key role in every business decision we make. We are committed to being a sustainability-driven company to achieve a low-carbon economy by managing the environmental footprint of our operations and incorporating ESG considerations in our investment portfolios; improving people's lives by actively helping customers live healthier, better and longer; and drive responsible business practices through material ESG risk management.

To all recruitment agencies: Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.

Please note that our career opportunities are only posted on our Career Website ( and on our authorised job platforms which are specifically LinkedIn, JobStreet and eFinancialCareers. We do not initiate any unsolicited calls and all official emails from Great Eastern will be sent from email addresses ending with "". Should you receive any communications outside from these channels listed, please do not provide any personal information and do reach out to us at or at 6248 2990 for us to assist you and confirm the legitimacy of the content.
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