Responsibilities / Main Functions
The Singapore Compliance Director will be responsible for:
The company’s licensing and maintaining relationship with regulators in conjunction with local and regional management.All regulatory/legal issues relating to insurance and reinsurance broking and insurance agency in SingaporeThe implementation, monitoring and training of all Business Units of: Global compliance policies including the Anti-Corruption Policy, Policy on Limiting the Use of third Parties, Client Events, Entertainment Meals and Gift Policy, Anti-Money Laundering Policy, Global Trade Restrictions Policy, Data Privacy, Settlement, Transparency, Gift Acceptance Policy, Conflict of Interest Policy, Document Retention, Sarbanes OxleyAsia Regional policies – Management ProtocolLocal Singapore policiesDrafting of new policies as necessary to comply with local law and regulations in conjunction with Regional Legal and Compliance.The orientation and training of new and existing employees on corporate compliance policies.Preparing presentation and training materials and conducting training on local, regional and global policies and compliance requirements.Reviewing corporate business policies and procedures to ensure compliance with policies and local law and regulations.Communicating all regulatory changes to Regional Compliance and to affected departments, and for reviewing and updating policies and procedures to ensure that all changes have been incorporated and implemented and drafting new policies, protocols and guidelines as necessary.Ensuring compliance with local laws and regulations and applicable foreign laws such as the US Foreign Corrupt Practices Act and the UK Bribery Act.Providing advice and guidance on a day-to-day basis on all aspects of compliance and local regulations for all group companies in Singapore.Assisting with the investigation of complaints and allegations of violations of the company’s rules.Communicating findings, conclusions, and recommendations to Regional Compliance and to local management.Performing periodic compliance monitoring, and reviewing the processes and procedures of the individual business units to ensure compliance with policy.Reporting results of compliance reviews to Regional Compliance , Singapore Compliance Committee and to local management and making specific recommendations for corrective actions; working with the appropriate personnel to ensure that recommended corrective actions have been implemented.Coordinating, and assisting with compliance reviews conducted by Chief Compliance Officer or Internal Audit.Working with Finance on accounting policy compliance, HR & IT for their compliance issues and Operations on Broker’s Guide compliance, PlayBook , Business Reforms and Business Practices.Overseeing and reporting on all compliance matters to the Singapore Compliance Committee.Conducting periodical risk assessments on the Singapore businesses.*ONLY CANDIDATES WHO ARE CURRENTLY LOCATED IN SINGAPORE/HK/MALAYSIA NEED APPLY*.
