Assistant Manager, Regulatory Compliance - (32395)

Assistant Manager, Regulatory Compliance - (32395)


AIA Singapore has been serving the community since 1931. We aim to be the pre-eminent life insurer in Singapore, serving individuals, families and the community with innovative world-class products, providing customers the best digital platform with superior experience and distinguished service excellence.


We want to genuinely engage in our customers' lives, providing the right financial solutions for them and their family in a constantly changing world. And, we are committed to making a positive impact on our customers and the community, helping them live healthier, longer, better lives.



Key Responsibilities

Regulatory Compliance & Liaison (70%)

  • Provide ongoing compliance advisory and support to key business units (BUs) on various business initiatives and new regulatory developments, in order to ensure that the BUs are compliant.
  • Conduct gap assessments on new regulatory developments, liaise with BUs to ensure new regulatory requirements are properly implemented, gaps noted are closely monitored to ensure adherence to regulatory requirements.
  • Provide support and ensure regulatory registers / portal 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.
  • Assist to support the Risk & Compliance Champion framework ('RCC') in AIAS, to liaise with and proactively engage/ train the RCCs to ensure regulatory requirements are embedded into the business.
  • Arrange engagement/ training sessions with the RCCs on at least quarterly basis.
  • Assist in Regulatory Liaison work i.e. prepare and collate reports/ information required by key Regulators e.g. LIA, MAS and CPFB, to assist in regulatory queries, engagement sessions with Regulators and/or external auditors to ensure AIAS' relationship with key Regulators are well managed.
  • Assist in review of new and existing outsourcing arrangements in the annual due diligence exercise from regulatory perspective.
  • Any other ad hoc tasks/ projects as assigned by Supervisor.


Group Reporting/Regulatory Reporting (15%)

Assist in preparing reports required by Group Office and filings required by regulators, including the following:

  • Prepare Monthly Investment Compliance Dashboard for Senior Management;In the event of an investment breach or pricing error, drafting of notifications to be sent to MAS and CPF Board, where applicable, within 3 business days after becoming aware of the breaches and to notify MAS and CPF Board once compensation, if any, has been completed.
  • Assist to address queries by Group in relation to any regulatory breaches, inspection related matters.


Investment Compliance (15%)

  • Conduct frequent fund switching review.
  • Conduct AML/ economic sanction screening of new external fund managers and existing fund managers of ILP sub-funds.
  • Conduct Quarterly FATCA review of ILP sub-funds.
  • Review Compliance reports (monthly, semi-annually, annually) received from external fund managers for both managed ILP sub-funds and feeder ILP sub-funds.
  • Assist in regular Compliance monitoring reviews under the Investment Governance Framework. 



Key Requirements

  • Min. Bachelor Degree background (diploma or degree equivalent) with emphasis on accountancy, business/ business administration/ business management/business studies or commerce.
  • Min. 1-2 year experience in compliance/regulatory profession in the financial advisory industry will be an added advantage
  • Insurance qualifications e.g. CMFAS M5, M8, M9, M9A, Health Insurance and MAS regulations in relation to fund management e.g. MAS Code on CIS, MAS 307 and CPF Investment Guidelines  will be an added advantage.
  • Ability to think independently, project management, good interpersonal and communication skills.
  • Proficient in Microsoft Word, Excel and Power point
  • Excellent team player and good work attitude.


Interested applicants, please submit your application online via our careers page.



About company: 
With more than 80 years of successful operations, AIA Singapore is a leading life insurer with one of the largest agency force and dedicated staff locally.
Our commitment to protecting Singapore’s health and financial future has helped us win numerous accolades including the Singapore Health Award 2014 by the Health Promotion Board as well as Human Resources magazine’s No.1 Employee Insurance Vendor of the Year for nine consecutive years and No.1 Employee Healthcare Provider of the Year for two consecutive years.
AIA Singapore is committed to enrich the lives of both our customers and people. Our dedication to providing our people with a supportive environment that allows them to achieve their career goals has helped us garner HR Asia Magazine’s Best Companies to Work for in Asia 2014 Award. This is where your capabilities will be stretched and you’ll be empowered to deliver your best. To find out how you can boost your career, visit our website at now.
Experience Requirements: 
Not requirements
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