Head of Compliance

Singlife is a leading homegrown financial services company, offering consumers a better way to financial freedom. Through innovative, technology-enabled solutions and a wide range of products and services, Singlife provides consumers control over their financial wellbeing at every stage of their lives.

In addition to a comprehensive suite of insurance plans, employee benefits, partnerships with financial adviser channels and bancassurance, Singlife offers investment solutions through its dollarDEX and Navigator platforms. The mobile-first Singlife Account with a Singlife Debit Card allows customers to save, spend, earn and be insured all in one app.

Singlife is the exclusive insurance provider for the Ministry of Defence, Ministry of Home Affairs and Public Officers Group Insurance Scheme. Singlife is also an official signatory of the United Nations Principles for Sustainable Insurance, affirming its commitment to finding a better way to sustainability.

First announced in September 2020 and valued at S$3.2 billion, the merger of Aviva Singapore and Singlife was the largest insurance deal in Singapore then and created one of the largest homegrown financial services companies in the republic.

Singlife Philippines, headquartered in Manila, is a majority-owned subsidiary of Singlife. The company's vision is to unlock the potential of money for everyone by offering innovative financial solutions that help people manage, grow and protect their money distributed according to their preferences. The Chief Financial Officer (CFO) is a key partner of the CEO in building this company, developing innovative products and processes, and delivering on the business plan.

Responsibilities:

• Develop and maintain a comprehensive compliance strategy that aligns with the company's business objectives, Group standards, internal policies/procedures, and regulatory requirements.
• Monitor and interpret changes in local regulations affecting the Company's business, and ensure that the company adapts to these changes effectively.
• Ensure timely and proper submission of reports and other regulatory requirements and registrations/renewal of registrations with the relevant regulators, such as with the IC, SEC, AMLC and NPC.
• Conduct regular risk assessments and compliance audits/testing to identify potential compliance gaps and develop action plans for improvement.
• Prepare and present compliance reports to senior management and/or the board of directors, highlighting compliance status, risks, and areas for improvement.
• Design and implement compliance training programs to enhance employee awareness and understanding of regulatory requirements and internal policies.
• Investigate compliance breaches and develop corrective actions, ensuring timely resolution of issues.
• Promote a culture of compliance across the organization by collaborating with various business units and fostering open communication.
• Provide general support to the other members of the Legal & Compliance Team and the other business units, for their compliance-related activities.

Requirements:

• Experience: At least 7-10 years of relevant work experience in compliance, risk management, or related field, preferably with another insurance company.
• Education: Bachelor's degree in Business Administration, Law, Finance, or a related field.
• Relevant professional certification in the areas of compliance, risk, data privacy, AML, other compliance-related fields is preferred.
• Knowledge: In-depth knowledge of Philippine insurance regulations, compliance requirements, and industry best practices.
• Leadership: Proven ability to lead compliance initiatives and foster a culture of integrity and ethical behavior within the Company.

Skills/Work Ethic:

• Excellent communication skills, with an ability to influence and communicate well with stakeholders from diverse backgrounds - from senior management to junior colleagues in the Company
• High ethical standards
• Strong attention to detail
• Proactive and starter attitude
• Excellent problem-solving skills

If you're looking to be part of a company that is focused on growth and making a difference, go ahead and apply and we will be in touch if your profile is a fit.