Our client is a financial advisory firm

6 Shenton Way, OUE Downtown 2 – Walk from Tanjong Pagar or Downtown MRT

9am to 6pm, Mon-Fri

1. Duration of contract: 12 months
2. Budget for the role: Up to $8,600/mth + 1 Month Bonus

Role Specification

Job Title/ Division

Vice President, Risk & Regulatory Compliance

Department

PIAS Risk Management & Compliance

Reports To

Head of Risk Management & Compliance

Regulatory Compliance

Regulatory Advisory & Governance

·         Providing regulatory advisory to PIAS Management/other Business Units/

Agencies/ Representatives on their queries, new initiatives etc.

·         Review marketing materials from a regulatory perspective.

·         Conduct annual Audit of Branch/Social Media websites.

·         Review/assess various agreements/or schemes, e.g. Distribution Agreements, Introducer Agreements, campaigns etc from a regulatory perspective.

·         Assess/provide inputs from compliance standpoint during Providers Due Diligence exercise which is conducted on annual basis

·         Conduct of due diligence for onboarding of new product providers.

Regulatory Updates

·         Review/disseminate all new/changes in regulations/Info Paper/Consultation Papers etc to PIAS Management for their information/ action

·         Perform Functional Area Regulatory Obligatory Mapping (FAROM) on regulatory changes/MAS CPs etc that may impact the Company and addressing the potential gaps noted from the gap analysis.

·         Assist HOD in providing advisory on impact of regulatory changes to Management/Business Units.

·         Collate and consolidate the necessary responses from Business Units for MAS’ Consultation papers for submission to MAS, via Group Legal, Compliance & Secretariat

·         Assist in planning and implementing revised processes and procedures in response to regulatory changes.

·         Assist HOD in maintaining the role as 2 Line of Defence.

·         Conduct training and coaching to 1st line, where applicable

Data Protection

·         Act as DPO cover for HOD.

·         Provide PDPA assessment for investigation/complaint cases which requires the DPO’s assessment on possible PDPA breach.

·         Prepare/report any PDPA related breach incidents to PDPC.

·         Report the PDPA breaches as part of MI reporting.

·         Collate/reply to PDPC’s enquiries/or production of documents.

·         Review the existing PDPA/Data Privacy policies to be in line with Group Standards

·         Conduct/ review the Data Inventory Mapping.

·         Attend monthly Group Data Risk Form as form of trainings.

Others·         Conduct of TDPIA/DPIA assessment on new service providers/vendors.

Operational Risk Management
·         Work closely with Singlife Risk staff designate to maintain the PIAS IAF framework.
·         Ensure alignment of process/policies with Group Risk Standards.
·         Conduct appropriate testing for the key controls under the MCA framework.
·         Ensure Tier 1, 2 Risks etc are adequately managed within defined parameters of IAF framework
·         Liaise with PIAS/Singlife internal stakeholders on risk matters e.g. issue/risk events
·         Prepare and present quarterly Risk report at PIAS Risk Committee and PIAS Board meetings.
·         Conduct yearly attestation to Group Risk on Policies & Process.
·         Act as PIAS BCP coordinator role on behalf of the RM&C department

Fair Dealing Outcomes (FDO)
·         Provide the statistics/information/or updates applicable to FDO to Singlife

MAS Reporting/ Handling of MAS’ Queries
·         Act as secondary MAS Alternate Liaison Officer to handle MAS queries and reporting matters
·         Ensure timely reporting to the Authority, including but not limited to, MAS FAA Questionnaire/Surveys etc as and when required by MAS

Reporting/Handling of Queries
·         Acting as the 2nd liaison officer to handle Sumitomo’s reporting matters and queries pertaining to the Company/or department.
·         Ensure timely reporting to Sumitomo via Group Legal, Compliance & Corporate Secretariat.

Financial Crime
AML/CFT
·         Scope and implement changes on the adoption of new screening platforms and ongoing changes with Group including revising internal processes across business units to improve workflow
·         Maintain the AML/CFT framework and ensure alignment with regulatory requirements as prescribed by MAS
·         Ensure Company’s Customer Due Diligences (CDD/ECDD) measures with regards to customer identification / verification have been complied with
·         Implement the Group’s Financial Crime Minimum Compliance Standards across the Company.


Frederick Tan

The Outsourcing Team

Recruit Express Pte Ltd

EA Lic: 99C4599