Job Description

Prudential\xe2\x80\x99s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people\xe2\x80\x99s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.Job Summary:The role of the Regulatory Advisory Officer is to provide compliance advisory, guidance and support to the Business Units (BUs), in compliance with prevailing regulatory/industry and/or Prudential/Head Office requirements, including the management of communications with key regulators and industry associations. You will be supporting your Team Lead to deliver the following key deliverables:Compliance AdvisoryWork with BUs to understand BUs\xe2\x80\x99 issues/concerns and provide accurate and practical compliance advice in a timely mannerWork with BUs to 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 Prudential/Head Office requirementsProvision of advice and support to BUs to ensure that all regulatory compliance risks, on Marketing Materials, whether related to the product, sales process or subsequent services, are identified, appropriately addressed and managedMonitoring and Implementation of Regulatory/Industry ChangesMonitor regulatory and industry developments for any new, amended or upcoming laws/regulations/guidelines and identify any potential business impact to Prudential business.Disseminate relevant new, amended or upcoming laws/regulations/guidelines to relevant BUsWork with BUs to understand their business processes/procedures, provide guidance and oversight to identify gaps through detailed gap analysis and implement appropriate follow-up 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 Prudential/Head Office requirementsParticipate in consultations/surveys of regulatory requirements and industry guidelines where requiredRegulatory LiaisonLiaise with key regulators, industry associations (eg. MAS, CPFB, LIA etc.) and ensure that their requests and queries are promptly seen toChallenge business units on their responses to queries from regulators and industry associations, to ensure that they are responding to the intent of the query in fullAssessing and escalating any matter or issue that could be of significant regulatory concern, including the assessment of incidents to determine if it constitutes a regulatory breach, and ensure that breaches are notified to the regulators in a timely mannerOthersUndertake ad-hoc tasks, projects or reviews as directed by Head of Regulatory Affairs/Head of Compliance/Chief Risk OfficerWho we are looking for:Competencies & Personal Traits

• Self-motivated and driven
• Analytical and attentive to details
• Good business acumen
• Good problem-solving skills
• Good communication skills
• Basic understanding of the insurance industry and operations
• Basic 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 1-2 years of experience in a compliance role in a financial institutionProfessional Qualifications:Preferably with Insurance-related certifications (e.g. FLMI (LOMA), CMFAS Module 5, 9, 9A & Health Insurance)Education:Degree, preferably in Business, Insurance or Finance related fieldsLanguage:Strong command of the English languagePrudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.

Prudential