Assistant Manager, Regulatory Assurance (BsC) Assistant Manager, Regulatory Assurance (BsC) …

LMA Recruitment
in Singapore, Singapore, Singapore
Permanent, Full time
Last application, 13 Sep 19
LMA Recruitment
in Singapore, Singapore, Singapore
Permanent, Full time
Last application, 13 Sep 19
LMA Recruitment
- Ensure monitoring advisory activities are effectively managed and kept within the Company’s appetite for Regulatory Risk. - Implement Risk and Compliance work plan to monitor and ensure the compliance function discharges its responsibility to enable and monitor the business’ adherence to laws and regulations. -Provide assurance to the Management on the mitigation of key compliance risk areas and regulatory responsibilities. - Implement an effective BSC Framework. Manage & review sales transactions of the representatives - Train & improve the quality of the sales transactions - Ensure timely reporting of BSC remuneration framework to Chief Executive Officer, Directors and MAS.


Compliance Framework:

  • Review and update Compliance Policies on Balanced Scorecard (“BSC”) Framework
  • Conduct regular Compliance workshops to build competency across business functions.

Regulatory Development and Corporate Compliance:

  • Research and provide compliance related advice on new and strategic business developments.
  • Develop and maintain the framework for assessing the adequacy of business processes and controls to meet relevant regulations, directives, rules and guidelines.
  • Provide advisory on the appropriate business processes and controls needed to comply with relevant regulations, directives, rules and guidelines, including those identified as gaps through self-assessments.
  • Assessment of breach or non-compliance with relevant regulations, directives, rules and guidelines, with inputs from Legal (where necessary)
  • Conduct special reviews on regulatory matters where required

Internal Reporting:

  • Develop and maintain framework for reporting on compliance matters
  • Prepare reports for management and board committees


  • Report on local conduct issues and regulatory compliance
  • Respond to queries and assessments


  • Develop and maintain an effective governance operating model:
  • Advice on policies, procedures and controls that must be in place to deliver compliance.
  • Monitor and assess the effectiveness of measures taken by the business.
  • Monitor, manage, document material contacts with the regulator.
  • Monitor and provide support to business to ensure prompt and appropriate reporting and resolution of any regulatory breach or other regulatory issues
  • Liaise with regulators and Regional/Group office  
  • Represent Compliance in meetings or workgroups to address regulatory matters. Assess the adequacy and competency of Compliance resources.


  • Compliance manual
  • Compliance policies
  • Group’s standards
  • Functional Area Regulatory Obligation Mapping


  • CEO
  • Senior Leadership team
  • External authorities (primarily MAS, CPF Board, LIA, CAD, enforcement agencies)
  • Compliance Officers of other insurers and financial service providers
  • Group Regulatory & Financial Crime in UK
  • Regional Compliance & other Compliance Heads
  • Regional Compliance and BU Risk team



  • Tertiary qualification
  • Professional compliance qualification
  • CMFAS Module 5, 9, 9A and HI



  • Proficient in regulations: Insurance Act & Regulations; MAS Act; Financial Advisers Act & Regulations;  LIA Guidelines; GIARR
  • Practical experience in compliance function for a life or composite insurance company, or major audit firms



  • at least 5-8 years’ experience in the financial services industry (preferably in regulatory assurance reviews or audit function) and able to work independently without close supervision.


  • Good writing skills (i.e. able to write clearly and concisely)
  • Good understanding of insurance business including the operations and insurance products
  • Good analytical ability, with attention to details
  • Good negotiation and inter-personal skills

COMPANY REG NO: 201131609D


EA REG NO: R1877280



Company Overview

Big enough to find the best.

Small enough to really know them.

It’s easy to get pompous about what we do. To name drop our global clients or wax lyrical about ‘pioneering psychometric testing’. But if you’re not careful, you lose sight of what’s really important; relationships and people.

Without relationships, you don’t truly understand the client, their business culture and who they really need. You miss the nuances of each candidate, the human behind the CV and what makes them tick. And the ‘right fit’ slowly starts to blister.

Since 1999, LMA has supplied great candidates to blue-chip businesses in London and Singapore. We draw on in-depth market intelligence and use industry-leading tools to search, screen and select. We have specialist consultants and a global network. And we’re professional beyond measure. 

But we never lose sight of what matters; how important the right people are to businesses, and the right careers are to people.