DescriptionThe incumbent will report to the Head Distribution Middle Office and will be responsible for Fit & Proper assessment of candidate who is required to be RNF for Income Insurance Limited and Income Advisory Group Subsidiaries.
This role leads the Distribution Growth Support & Compliance to deliver a seamless onboarding experience across distribution channels while driving operational excellence and continuous improvement.
Responsibilities include:
- Distribution Growth Support & Compliance
Ensure compliance with MAS Representative Notification Framework (RNF) through robust Fit & Proper assessments and enhanced monitoring:
- Review and escalate Fit & Proper assessments in line with MAS RNF requirements (e.g. adverse findings recommended monitoring)
- Conduct periodic monitoring activities including periodic reviews with distribution channels
- Provide management report on cohort & profile of distribution channels
- Conduct regular continuous fit & proper monitoring & assessment such as screening & annual declaration
- Oversee daily credit monitoring for distribution channels
- Review and maintain Fit & Proper frameworks and SOPs in accordance with MAS Notices regulatory changes & business process changes
- Conduct fraud detection exercise on regular basis
- Supervisory / Other Duties
- Represent department as Risk & Compliance & Business Continuity representative
- Provide regular report for management industry & regulatory reporting
- Identify and implement automation opportunities to reduce manual processes (e.g. eRecruitment digitalization initiatives)
- Collaborate with internal stakeholders and external vendors (e.g. IT Compliance) to streamline agent-related transactions
- Lead and develop high-performing teams to achieve operational goals
- Manage internal and external audit request
Requirements
- Diploma / Bachelors in any discipline
- Strong familiarity with MAS guidelines including the Representative Notification Framework (RNF) and other relevant regulatory notices
- Minimum 35 years of experience in insurance distribution operations or regulatory compliance with exposure to Life Insurance distribution channels preferred
- Experience in Fit & Proper assessments and enhanced monitoring protocols
- Excellent stakeholder management skills with the ability to collaborate across compliance IT legal and distribution teams
- Analytical mindset with a focus on process optimization automation and digital transformation
Required Experience:
Manager
DescriptionThe incumbent will report to the Head Distribution Middle Office and will be responsible for Fit & Proper assessment of candidate who is required to be RNF for Income Insurance Limited and Income Advisory Group Subsidiaries.This role leads the Distribution Growth Support & Compliance to d...
DescriptionThe incumbent will report to the Head Distribution Middle Office and will be responsible for Fit & Proper assessment of candidate who is required to be RNF for Income Insurance Limited and Income Advisory Group Subsidiaries.
This role leads the Distribution Growth Support & Compliance to deliver a seamless onboarding experience across distribution channels while driving operational excellence and continuous improvement.
Responsibilities include:
- Distribution Growth Support & Compliance
Ensure compliance with MAS Representative Notification Framework (RNF) through robust Fit & Proper assessments and enhanced monitoring:
- Review and escalate Fit & Proper assessments in line with MAS RNF requirements (e.g. adverse findings recommended monitoring)
- Conduct periodic monitoring activities including periodic reviews with distribution channels
- Provide management report on cohort & profile of distribution channels
- Conduct regular continuous fit & proper monitoring & assessment such as screening & annual declaration
- Oversee daily credit monitoring for distribution channels
- Review and maintain Fit & Proper frameworks and SOPs in accordance with MAS Notices regulatory changes & business process changes
- Conduct fraud detection exercise on regular basis
- Supervisory / Other Duties
- Represent department as Risk & Compliance & Business Continuity representative
- Provide regular report for management industry & regulatory reporting
- Identify and implement automation opportunities to reduce manual processes (e.g. eRecruitment digitalization initiatives)
- Collaborate with internal stakeholders and external vendors (e.g. IT Compliance) to streamline agent-related transactions
- Lead and develop high-performing teams to achieve operational goals
- Manage internal and external audit request
Requirements
- Diploma / Bachelors in any discipline
- Strong familiarity with MAS guidelines including the Representative Notification Framework (RNF) and other relevant regulatory notices
- Minimum 35 years of experience in insurance distribution operations or regulatory compliance with exposure to Life Insurance distribution channels preferred
- Experience in Fit & Proper assessments and enhanced monitoring protocols
- Excellent stakeholder management skills with the ability to collaborate across compliance IT legal and distribution teams
- Analytical mindset with a focus on process optimization automation and digital transformation
Required Experience:
Manager
View more
View less