Regulatory Compliance & Risk Culture, Principal / Consultant

FIND YOUR 'BETTER' AT AIA

We don't simply believe in being 'The Best'. We believe in better - because there's no limit to how far 'better' can take us.

We believe in empowering every one of our people to find their 'better' - in the work they do, the career they build, the life they live and the difference they make. So that together we can support even more people - including our own - to live Healthier, Longer, Better Lives.

If you believe in better, we'd love to hear from you.

About the Role

Reporting directly to the Associate Director, Regulatorypliance & Risk Culture, this position is responsible to help thepany in managing and mitigating regulatory risk, in particular, on market conductpliance matters. Collaborate with business functions to foster a positive risk culture through effective risk andpliance awareness, engagement, advisory and preventive programs. This position will also provide necessary mentoring and coaching to fellow team members.

REGULATORYPLIANCE

• Provide ongoingpliance advisory and support to business functions on various business initiatives, in order to ensure that the business ispliant with existing and new regulations.
• Conduct gap assessments on new regulatory developments, liaise with the various business functions to ensure new regulatory requirements are properly implemented, identified gaps are closely monitored to ensure adherence to regulatory requirements.
• Ensure regulatorypliance registers are kept up to date and timely certified by Senior Management, regulatory obligations are effectively embedded into business, monitor and ensure proper remediation of any lapses noted.

REGULATORY LIAISON :

Liaise with key regulators and industry associations to ensure that their requests and queries are promptly addressed. Facilitate engagement sessions with key regulators to ensure AIAS' relationship with key regulators are well managed.

Review and provide adequate challenge to the business functions on responses to regulators to ensure thepany's responses are accurate, consistent and of good quality.

Assist in reporting requirements to regulators, Group, Board of Directors, senior management, and other stakeholders as required.

OTHER RESPONSIBILITIES :

Provide necessary mentoring and coaching to upskill fellow team members.

Financial Measures

To prevent fines and penalties imposed by regulators for nonpliance of regulations

Non-Financial Measures

Implement regulatory requirements at local level by effectivelymunicating requirements to relevant departments / staff, identifying gaps, implement action plan to mitigate gaps and provide the necessary training.

Provides promptpliance advice when handling queries.

Timely reporting to regulatory / statutory bodies. Prompt escalation of issues or potential delays to management.

All other responsibilities and duties assigned by manager arepleted within stipulated deadlines.

INTERNAL

Regular engagement with relevant stakeholders regardingpliance-related issues / concerns / matters / queries.

Periodic reporting (if required) and handling requests from Group.

Engagement with Senior Management on important regulatory issues.

EXTERNAL

MAS, LIA, GIA, CPFB

REQUIREMENTS :

Bachelor Degree (or degree equivalent) with emphasis on accountancy, business / business administration / business management / business studies, insurance or law.

At least 6 years' relevant experience, preferably in the financial services industry, focusing on market conduct regulatorypliance for retail customers and liaison with MAS.

LOMA, CMFAS papers will be an added advantage.

SKILLS :

Team player

Good understanding of the Financial Advisers Act 2001 and its subsidiary legislations, guidelines and relevant industry association's memos and the application to retail business.

Liaison, relationship building andmunication skills mediation.

Building trust and credibility with Key Regulators by responding in an accurate, timely and concise manner.

Project management

Presentation skills

Believe in better with AIA. If you work at AIA, you play an important part in this movement. Which is why we give you every opportunity to learn, grow and shape your career - your way!

LI-SF1

Build a career with us as we help our customers and themunity live Healthier, Longer, Better Lives.

You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and oue of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.

Job ID JR-53132