About Income
Income Insurance Limited (“Income”) is one of the leading composite insurers in Singapore, offering life, health and general insurance.
Established in 1970 as the only insurance co-operative in Singapore to plug a social need for insurance, Income is now a public non-listed company limited by shares, which continues to serve the protection, savings and investment needs of individuals, families and businesses today.
Its lifestyle-centric and data-driven approach to insurance and financial planning puts Income at the forefront of innovative solutions that empowers better financial well-being for all.
Income also extends true care to Singaporeans through diverse social causes.
About the Department
The Income compliance team is a strategic partner and trusted business advisor to Income. The compliance team holds the responsibility of ensuring that Income adheres to regulatory requirements within the constantly dynamic and evolving regulatory landscape. The compliance team works closely with internal stakeholders and Business Units (“BUs") to navigate and assess regulatory risks. This involves developing effective and feasible solutions as well as actively shaping and promoting a strong compliance culture in Income.
About the role
This role reports to the Regulatory Compliance Section Head. The Regulatory Compliance Section is part of the wider Compliance Department at Income which also includes the Market Conduct Compliance Section and AML Compliance Section. The Compliance Department reports to the Head of Compliance.
The candidate will have the opportunity to work closely with other Business Units (“BUs”) and stakeholders in relation to various compliance matters.
The candidate will support the Regulatory Liaison and Reporting team in managing interactions with regulatory authorities, coordinating compliance activities, and preparing reports for Senior Management and the Board. This role requires attention to detail, strong organisational skills, and the ability to work collaboratively across business units.
The candidate should be capable of executing the following responsibilities:
Regulatory Liaison Support
• Assist in coordinating communications and responses to regulatory authorities (e.g., MAS).
• Support the scheduling and preparation of meetings with regulators and internal stakeholders.
• Maintain records of regulatory interactions and commitments.
Compliance Monitoring
• Monitor regulatory developments and evaluate their potential impact on the organisation.
• Support dissemination of new or revised regulations and prepare concise summaries for stakeholders.
Reporting
• Prepare and consolidate compliance reports for Senior Management and the Board.
• Track and update regulatory commitments and supervisory expectations for timely reporting.
All other responsibilities
• Keep abreast of regulatory developments and industry practices.
• Undertake any tasks or projects assigned by the Manager or Section Head.
Qualifications
Unison Consulting was launched in Singapore on September 2012, the hub of the financial industry, with innovative visions in the technocratic arena. We are a boutique next-generation Technology Company with strong business-interests in Liquidity risk, Market Risk, Credit Risk and Regulatory Compliance.
Unison provides technology consulting and services to implement Risk Management and Risk Analytics System for Financial Institutions. Our services suite comprises of Techno-Functional consulting, systems integration, Business Intelligence, information management, and custom development of IT solutions, plus project management expertise for financial institutions.
We have expertise in latest cutting edge technology to achieve better total cost of ownership. Through our qualified professionals, we assist you drive your unique risk management strategies, whether that means efficient monitoring, improving risk appetite of the financial institutions, complying with regulations, or capturing growth opportunities through innovation, this is what maximizes your decision taking potential. At Unison Consulting, we view clients as partners, and our success is only measured by the success of our partners. So we put it all on the table in order to exceed expectations.
Our staff consists of young, energetic and innovative consultants who are never afraid to challenge the conventions and push the boundaries in an effort to help our clients. For every project, no matter how large or how small, we strive to not only meet your needs, but deliver a showcase in your field.
