Compliance Manager - Financial Advisory
PONI FINANCIAL ADVISORY PTE. LTD.
Responsibilities:
Policy Development & Documentation
Monitoring & Risk Management
Regulatory Compliance & Liaison
Operational Compliance Management
Requirements:
Soft Skills:
What We Offer:
Policy Development & Documentation
- Responsible for the preparation and update of appropriate compliance-related policies, processes and forms as part of the overall design of the company's processes so that they comply with the requirements of the Insurance Act, Financial Advisers Act and other relevant rules/ directives/ guidelines issued by the regulators.
Monitoring & Risk Management
- Responsible for the BSC (Balanced Scorecard) framework review, including the quality of financial advisory services provided by the sales team in respect of sampled transactions, with the support of the distribution operations team.
- Perform onboarding and ongoing AML(Anti Money Laundering) monitoring on customer's transaction and surveillance reviews. Flag suspicious transactions/ referral cases if any for escalation.
- Keep abreast of related regulatory developments, assess the impact on the company and advise accordingly.
- Assist with compliance and regulatory issues to support business.
- Review and approve marketing collaterals prepared by the company before publication/ use.
Regulatory Compliance & Liaison
- Front the firm's relationship with the regulators and the relevant government agencies.
- Assist with and follow up with MAS on routine enquiries, external and internal audit related matters.
- Responsible for the preparation and coordination of compliance and management reporting.
- Assist in facilitating regulatory inspections, external and internal audits, and ensuring proper escalation and resolution of issues identified.
- Act as the company's Data Protection Officer.
Operational Compliance Management
- Prepare and conduct training on relevant rules and guidelines to the team.
- Review distribution arrangements and commission structure to ensure adherence to regulations.
- Manage feedback or complaints escalated from the business team within the agreed SLA, with the support of the distribution operations team.
- Monitor and ensure the information stored in the CRM dashboard complies with the relevant standards.
- Regularly provide a summary on the operation and compliance of the company to the CEO, focusing on insights and initiatives to improve performance.
Requirements:
- Minimum Diploma in finance, business or a related field.
- 3-5 years of working knowledge and experience in Compliance and AML/CFT in the insurance industry (Insurance Act and Financial Advisers Act).
- Experience in the BSC (Balanced Scorecard) framework is mandatory.
- Working knowledge of the Personal Data Protection Act will be an advantage.
- Experience with dealing directly with regulators, auditors and law enforcement agencies.
- Team player and able to work under pressure to meet deadlines.
- Good communication (spoken and written) skills.
- Professional certifications in compliance or risk management (e.g. ICA, ACAMS) are a bonus.
Soft Skills:
- Sharp mind and superior communication skills.
- High sense of urgency.
- Ability to perform in a fast-paced and growth-charged environment.
- Passionate about Financial Wellness, FinTech and InsurTech.
- Being bilingual is a bonus.
What We Offer:
- Competitive salary and performance-based bonuses.
- Comprehensive benefits package.
- Opportunity to make a significant impact in a growing industry.
- Dynamic and inclusive work environment.
JOB SUMMARY
Compliance Manager - Financial Advisory
PONI FINANCIAL ADVISORY PTE. LTD.
Singapore
11 days ago
N/A
Full-time
Compliance Manager - Financial Advisory