At a Glance
- Tasks: Manage compliance communications and interactions with the Monetary Authority of Singapore.
- Company: Join a leading financial services company focused on regulatory compliance.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Why this job: Be a key player in shaping compliance strategies and building relationships with regulators.
- Qualifications: Bachelor's degree and 5-8 years of compliance experience in financial services.
- Other info: Dynamic role with exposure to senior management and regulatory environments.
The predicted salary is between 36000 - 60000 £ per year.
This role reports to the Regulatory Compliance Section Head. The Regulatory Compliance Section is part of the wider Compliance Department at Income which also includes the Market Conduct Compliance Section and AML Compliance Section. The Compliance Department reports to the Head of Compliance.
The candidate will have the opportunity to work closely with other Business Units (BUs) and stakeholders, including the Head of Compliance, Chief Legal & Compliance Officer and Senior Management, in relation to various compliance matters. The candidate will be one of Income's MAS Liaison Officers. The candidate will manage various communications and interactions with the Authority, assessment of new or revised regulations and preparation of reports to Board and Senior Management.
The candidate should be familiar with compliance functions in the financial sector and capable of executing the following responsibilities:
- Regulatory Liaison Act as the regulatory liaison for the Monetary Authority of Singapore (MAS), managing the local regulatory risk profile and relationship with the MAS. Oversee and ensure timely handling of and consistency on all communications, interactions, inspections, and related matters with MAS. Review and validate responses from Business Units (BUs) to MAS queries, ensuring accuracy and completeness. Coordinate meetings and discussions with BUs and stakeholders on MAS-related matters. Support and manage preparations for MAS meetings, monitor supervisory expectations, and track commitments to ensure timely fulfilment. Build strong relationships with regulators and internal stakeholders.
- Compliance Monitoring Monitor regulatory developments and evaluate their potential impact on the organisation. Ensure timely dissemination and provide concise summaries of new or revised regulations to relevant stakeholders. Track and report on regulatory commitments and supervisory expectations to ensure compliance and timely fulfilment.
- Reporting and Training Manage the preparation of various reports to Senior Management and Board on various compliance matters. Assist to conduct compliance training for staff and representatives on regulatory compliance matters where necessary.
- All other responsibilities Stay informed on regulatory developments and industry best practices to provide timely support, advice, and guidance on compliance matters. Offer clear guidance and coaching to business units on regulatory requirements, ensuring consistent and efficient delivery of expected compliance outcomes. Undertake any tasks or projects assigned by the Section Head and/or Head of Compliance from time to time.
Qualifications At least a Bachelor's degree or above in a relevant discipline (e.g. law, finance, accounting etc.) Any relevant professional qualification or certification will be an added advantage. At least 5-8 years of experience in compliance-related work within the insurance or financial services industry, or in regulatory agencies. Prior experience in regulatory liaison work, either from an insurer or a regulator, will be considered an added advantage. Must be proficient in MS Office and its applications.
Assistant Manager/Manager, Compliance (MAS Liaison and Reporting) in London employer: INCOME INSURANCE LIMITED
Contact Detail:
INCOME INSURANCE LIMITED Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Manager/Manager, Compliance (MAS Liaison and Reporting) in London
✨Tip Number 1
Network like a pro! Reach out to folks in the compliance field, especially those who work with MAS. A friendly chat can open doors and give you insights that job descriptions just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of regulatory developments. Show us you’re not just familiar with compliance but passionate about it. We love candidates who can discuss current trends!
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you note. It keeps you fresh in their minds and shows your enthusiasm for the role.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take that extra step to connect with us directly.
We think you need these skills to ace Assistant Manager/Manager, Compliance (MAS Liaison and Reporting) in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that match the job description. Highlight your compliance experience, especially in regulatory liaison roles, to show us you’re the right fit for this position.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about compliance and how your background aligns with our needs. Don’t forget to mention any relevant qualifications or certifications!
Showcase Your Communication Skills: Since this role involves liaising with regulators and stakeholders, it’s crucial to demonstrate your strong communication skills. Use clear and concise language in your application to reflect your ability to convey complex information effectively.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates regarding your application status!
How to prepare for a job interview at INCOME INSURANCE LIMITED
✨Know Your Compliance Stuff
Make sure you brush up on your knowledge of compliance functions in the financial sector. Familiarise yourself with the latest regulations from the Monetary Authority of Singapore (MAS) and be ready to discuss how they impact the organisation. This shows that you're not just a candidate, but someone who’s genuinely interested in the role.
✨Showcase Your Communication Skills
As an Assistant Manager/Manager, you'll be liaising with various stakeholders. Prepare examples of how you've effectively communicated complex compliance issues in the past. Think about times when you’ve coordinated meetings or handled queries from regulators – these stories will highlight your ability to manage relationships.
✨Demonstrate Your Analytical Skills
Be ready to discuss how you monitor regulatory developments and evaluate their potential impact. Bring examples of reports you've prepared for senior management or boards, and explain how you ensured accuracy and completeness in your responses. This will show that you can handle the reporting aspect of the job with confidence.
✨Prepare Questions for Them
Interviews are a two-way street! Prepare thoughtful questions about the Compliance Department's current challenges or how they measure success in this role. This not only shows your interest but also helps you gauge if the company is the right fit for you.