Vice President, Group Regulatory Compliance Vice President, Group Regulatory Compliance …

Great Eastern Life Assurance Co Ltd
in Singapore
Permanent, Full time
Last application, 20 Apr 21
Competitive
Great Eastern Life Assurance Co Ltd
in Singapore
Permanent, Full time
Last application, 20 Apr 21
Competitive
Vice President, Group Regulatory Compliance
Job Purpose

You will report to Head, Group Regulatory Compliance and lead a team to carry out Group Regulatory Compliance functions and to ensure effective implementation of the Compliance Risk Management Framework and provide support, as the second line of defense to the business units in their duty to comply with relevant laws and regulations.

The Job

  • Oversee a Regulatory Compliance Section and ensure all compliance frameworks and standards are carried out efficiently and effectively for GE Group;
  • Maintain vigilance over and keep abreast of developments in the local and regional regulatory environment as well as international regulatory environment which may have impact to GE Group;
  • Responsible for the effective execution and monitoring of new/revised regulations handling process including Compliance Matrix and Compliance Risk Self-Assessment (CRSA) for Singapore entities;
  • Provide compliance advisory to Singapore entities to management and staff on the applicable laws, regulation, rules and standards and the implementation of these provisions by working with business users developing/formulating compliance policies and compliance framework;
  • Prepare the annual compliance examination work plan and to assist carry out such plan for Singapore entities;
  • Work closely with business units in Singapore entities to ensure Compliance Event Reporting (CERs) are timely reported and escalated with adequate action plans identified to remediate the compliance event within the agreed timeline;
  • Participate in project management of various compliance projects as well as key initiatives in Singapore, where applicable;
  • Carry out Compliance Training and Awareness Program to improve the overall team technical knowledge and also to improve the compliance risk culture of Group Risk Management and Singapore entities;
  • Act as liaison officer for engagement with various regulators on information request, inspection and any other regulatory matters for Singapore entities;
  • Monitor subordinates' performance and provision of guidance as well as succession plan; and
  • Assist in ad-hoc tasks/projects as requested by the Head of Group Regulatory Compliance, including management and regulatory reporting as well as group oversight for the overseas subsidiaries.
  • 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; and
  • Highlight any potential concerns/risks and proactively shares best risk management practices.
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