Job Description

The main function of Internal Controls is to ensure that the Division is in compliance with internal guidelines and external regulatory requirements. The role holder will work closely with all HODs, RCCs and DPCs in Tied Distribution Division as well as other key personnel outside of the Division e.g. Group Internal Audit, Compliance and Enterprise Risk Management. WHAT YOU WILL BE DOING Communicate new regulatory developments as well as updates on Company’s policies to the respective business functions.Assist and provide advisory support to the business on various business initiatives in meeting regulatory and corporate requirements.Work with the business to design processes and controls relating to key regulatory or compliance focus areas e.g. Consultation Papers, Market Conduct, FAA, AML and PDPA.Work with the business on remedial action to close gaps identified from MAS/ Compliance and Internal audit findings.Conduct regular quality assurance reviews to ensure the business comply with relevant statues, regulations and guidelines.Monitor the business mandatory regulatory reporting obligations by sending periodic reminders and perform follow-ups with the relevant departments to ensure compliance with all mandatory reporting and communications within the stipulated timelines.Perform timely escalation of issues or potential delays to management in order to prevent any breach which may result in regulatory or financial penalty.