Distribution Business Partnering Officer - Singapore - Prudential plc

Prudential plc
Prudential plc
Verified Company
Singapore

1 week ago

Wei Jie

Posted by:

Wei Jie

beBee Recruiter
Description
Prudential's purpose is to help people get the most out of life.

We will deliver our purpose by creating a culture in which diversity is celebrated and inclusion assured, for our colleagues, customers, and partners.

We provide a platform for our people to do their best work and make an impact to the business, and in exchange, we support our people's career ambitions.

We pledge to make Prudential a place where you can Connect, Grow and Succeed.


Job Profile Summary:
The role of the Distribution Business Partnering officer reports to the Distribution Business Partnering & Engagement Lead.

You are required support the Distribution Business Partnering & Engagement Lead in providing regulatory advisory and compliance support on initiatives, projects and deliverables to the Distribution functions.


Job Description:

Compliance Advisory

  • Support the Distribution Business Partnering & Engagement Lead as the key point of contact for Compliancerelated queries coming from the Distribution functions. Work with the Distribution teams to understand their issues/concerns and provide accurate and practical compliance advice in a timely manner.
  • Provide compliance advisory, guidance and support for their initiatives, including development, implementation and maintenance of robust policies, procedures and practices to address regulatory, industry and/or PACS/PCA requirements relating to Distribution.
Monitoring and Implementation of Regulatory/Industry Changes

  • Engage agency force to raise/reinforce their awareness and understanding on the applicable regulatory/industry requirements. To drive and imbue agency force's ownership and accountability by providing necessary guidance and support.
  • Keep abreast of regulatory and industry developments for any new, amended or upcoming laws/regulations/guidelines and identify any potential business impact to PACS agency force business.
  • Work with agency force to understand their business processes/procedures, provide guidance and oversight to identify gaps through detailed gap analysis and implement appropriate followup actions (e.g. develop/change processes in a sustainable manner, institute policy/SOPs etc) to close gaps in a timely manner to address regulatory/industry changes and PACS/PCA requirements.
  • Support in the participation of consultations/surveys of regulatory requirements and industry guidelines relating to Distribution function where required.
  • Undertake adhoc tasks, projects or reviews as directed by Distribution Business Partnering & Engagement Lead/Head Distribution Business Partner.

Who we are looking for:
Competencies & Personal Traits

  • Selfmotivated and driven
  • Analytical and attentive to details
  • Good understanding of the insurance industry and operations
  • Good knowledge of regulations and industry guidelines applicable to the insurance/financial industry such as Insurance Act, Financial Advisers Act (FAA) and its subsidiary regulations, Monetary Authority of Singapore (MAS) regulations, Central Provident Fund (CPF) Board regulations, Life Insurance Association (LIA) guidelines

Working Experience:

  • At least 35 years of experience in a compliance role in a financial institution or similar
  • Preferably with experience in dealing with Distribution functions and/or regulators

Professional Qualifications:

  • Preferably with Insurancerelated certifications (e.g. FLMI (LOMA), CMFAS Module 5, 9, 9A & Health Insurance)

Education:


  • Degree, preferably in Business, Insurance or Finance related fields

Language:


  • Strong command of the English language
More jobs from Prudential plc
See all jobs of Prudential plc