Internal Controls, Analyst/Specialist/Consultant

Posted:
7/30/2024, 5:00:00 PM

Location(s):
Singapore, Singapore

Experience Level(s):
Junior ⋅ Mid Level

Field(s):
Consulting

Workplace Type:
On-site

FIND YOUR 'BETTER' AT AIA

We don’t simply believe in being ‘The Best’. We believe in better - because there’s no limit to how far ‘better’ can take us.

We believe in empowering every one of our people to find their 'better' - in the work they do, the career they build, the life they live and the difference they make. So that together we can support even more people - including our own - to live Healthier, Longer, Better Lives.

If you believe in better, we’d love to hear from you.

About the Role

The main function is to ensure that the Division is in compliance with internal guidelines and external regulatory requirements.

You will work closely with all Section Heads in the Division as well as other key personnel outside of the Division (e.g. Compliance and Enterprise Risk Management.)

Job Responsibilities:

  • Communicate new regulatory developments as well as updates on Company’s policies

  • Assist and provide advisory support 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. AML and PDPA.

  • Work on remedial action to close gaps identified from MAS/ Internal audit findings.

  • Conduct regular quality assurance reviews to ensure the business adheres to relevant statues, regulations and guidelines.

  • Perform annual due diligence review on business partners and conduct onsite inspection when required.

  • Monitor the business mandatory regulatory reporting obligations by sending periodic reminders and perform follow-ups with the relevant departments to ensure compliance with all required reporting and communications within the stipulated timelines.

  • Perform timely raising of issues or potential delays to management in order to prevent any breach which may result in regulatory or financial penalty.

  • Embed ESG into Corporate Solutions operations and risk acceptance in line with MAS and AIA Group’s requirements

  • Promote risk awareness and adherence within the business through regular engagements and internal reviews and upkeep the business’ risk scorecard as part of the roles and responsibilities of the RCC

  • Assist the Chief Corporate Solutions Officer and respective business functions to meet Risk & Compliance obligations in accordance to Annual RCC Work Plan which includes EXCO Certification of Regulatory Register and Risk and Control Assessment etc.

What you will need:

  • Bachelor's Degree in any field but preferably in Business, Finance and Accounting

  • Minimum 3 years of working experience in audit and compliance relevant to the insurance / financial industry

  • Good understanding of regulations, insurance business and operations

  • Good problem solving and communication skills

  • Report writing skills

  • Able to work under pressure and independently

Believe in better with AIA. If you work at AIA, you play an important part in this movement. Which is why we give you every opportunity to learn, grow and shape your career - your way! 

Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.

You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.