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:
- Compliance Culture: Promote the Company's overall compliance culture.
- Regulatory Oversight: Monitor and interpret relevant laws, rules and regulations issued by the Insurance Commission and other relevant governing bodies such as the SEC, AMLC and NPC, cascade with the concerned BUs for action, and track action/s to completion.
- Regulatory Submissions: Ensure proper & timely submission of routine reports, statements, and other regulatory requirements with the regulators, as well as registration & renewal of registrations, certificate of authorities or other similar permits therewith, as needed.
- Compliance Program Development: Design and implement comprehensive compliance programs and policies that address regulatory requirements and mitigate risks.
- Risk Assessment: Conduct regular compliance risk assessments, audits, and testing to identify areas of potential risk and implement corrective actions as necessary.
- Training and Awareness: Develop and deliver training programs for Singlifers to promote compliance awareness and adherence to internal policies and procedures.
- Reporting: As needed, prepare and present regulatory updates, compliance reports, and other similar reports to senior management and/or the Board, detailing updates and impact thereof to business, compliance activities, findings, and recommendations.
- Stakeholder Engagement: Collaborate with various business units (e.g., Finance, Operations, Technology, Products, Platform, HR, Sales, Marketing) to ensure a cohesive approach to compliance and risk management.
- Incident Management: Investigate compliance violations and report findings in accordance with the Company's internal policies.
- Corporate Governance: Provide support to the L&C Department for corporate governance and corporate housekeeping work, as needed.
- Continuous Improvement: Stay updated on industry best practices and emerging trends in compliance and risk management, and recommend improvements to existing policies/programs.
Qualifications:
- Experience: At least 5-7 years of relevant work experience in compliance, regulatory, and corporate governance work, 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 a plus.
- 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
- Strong attention to detail
- Proactive and starter attitude
- Excellent problem-solving skills
- Able to work well in a team or with others from different business units
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.
