Manager, Risk Manager (New Business)

• Responsible as Department DCO/DRO/DLA/DDO in championing risk/compliance management in department in achieving a balancing act in doing business and meeting risk and compliance standards and to assist and facilitate the implementation and execution of risk management policies, compliance guidelines, audit activities in the department.
• As DRO/DCO/DLA/DDO of the department to identify risk gaps and perform recommendation to HOD on mitigation solution (if any)
• Ensures information in RCSA and CRSA are correctly captured and to reflect the department activities and processes
• Ensure awareness session in risk and compliance related rules and standard are organized and conducted to all staff
• Ensure existing and new policies and procedures are aligned with regulatory requirements timely.
• Ensure audit check for checker maker for SA> 3 million cases for Banca and Group business channel and SA> 5 million for Agency business channel are complete on monthly/quarterly basis.
• Perform Control Test auditing within stipulated timeline.
• To keep abreast and updated with current regulations and guidelines by reading, attending awareness briefing, workshops.
• Motivating, supporting and providing guidance to staff
• Any other assignments and/or ad-hoc functions required by management from time to time

• Possess a tertiary education preferably in Biology, Mathematics, Science, Actuarial Science, Mass Communication, Economics, Nursing, Business Studies
• Preferably completed or is pursuing the final stage in professional insurance exams such as CII/MII/AII/FLMI/FALU.
• Strong interpersonal skills with good analytical skills especially in identifying significant factors from a mass of information.
• Good supervisory skill and able to work independently.
• Preferably with more than 7 years of working experience in life and health insurance industry
• Sound knowledge of insurance regulatory policies and guidelines particularly on FATCA and CRS annual reporting.
• Good knowledge of Basic Underwriting Process with a good sense of urgency

How you succeed

• Champion and embody our Core Values in everyday tasks and interactions.
• Demonstrate high level of integrity and accountability.
• Take initiative to drive improvements and embrace change.
• Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively.
• Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/ risks to safeguard our company proactively.

Who we are

Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei.

The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of "AA-" by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia.

Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.