Assistant Vice President, Legal Counsel

Singlife is a leading homegrown financial services company offering consumers a better way to financial freedom. Through innovative, technology-enabled solutions and a wide range of products and services, Singlife provides consumers control over their financial wellbeing at every stage of their lives.

In addition to a comprehensive suite of insurance plans, employee benefits, partnerships with financial adviser channels and bancassurance, Singlife offers investment and advisory solutions through its GROW with Singlife platform. It also offers the Singlife Account, a mobile-first insurance savings plan.

Singlife is the exclusive insurance provider for the Ministry of Defence, Ministry of Home Affairs and Public Officers Group Insurance Scheme. Singlife is also an official signatory of the United Nations Principles for Sustainable Insurance and the United Nations-supported Principles for Responsible Investment, affirming its commitment to finding a better way to sustainability.

First announced in September 2020 and valued at S$3.2 billion, the merger of Aviva Singapore and Singlife was the largest insurance deal in Singapore then and created one of the largest homegrown financial services companies in the republic.

As a Legal Counsel of Singlife, you will be responsible for providing legal and regulatory advice to the business and managing and mitigating legal risks across the Singlife Group of Companies.

Role Attributes

• Provision of legal and regulatory advice
• Manage and mitigate legal and regulatory risks
• Balance between implementing controls and restrictions without hampering entrepreneurship and growth of business

Key Responsibilities

• Responsible for promoting an environment where a risk management culture is embraced.
• Proactively engage the business and to get involved in the early stage of discussions.
• Understand the strategy and objectives of the business and effectively communicate the risks and legal issues involved in any decision to management.
• Provide high quality and timely legal expertise and support to the business units to control, manage and mitigate risks arising from legal transactions, litigation, claims, changes in the laws, non compliance with existing laws, regulations, policies and related requirements in respect of investment management and general corporate governance.
• Identify and notify the business of impending or implemented changes in the law that may impose restrictions on the business or create opportunities, advantages or mitigate exposures
• Ensure that key risks are identified, assessed, measured, frequently monitored, managed and reported.
• Accountable for all legal advice provided to the business. Consult and concur with Head of Legal and Group Head of Legal and Compliance in relation to complex legal issues and/or matters which have significant impact on the business and company as a whole.

Requirements

Experience

• Good people skills and interacts well with other members of the management team
• At least 6 years’ experience with 2 years as in-house counsel in the financial services industry preferably in an entity engaged in insurance and distribution of insurance products/services, asset management and/or financial derivatives trading. Prior experience in life & health or general insurance or distribution of unit trusts, an advantage.

Key Decisions within the Role

• Provide creative solutions to legal issues/ problems

Education

• LLB (Hons) degree from a Singapore university or other common law jurisdictions
• Called to the Singapore Bar

If you find yourself able to demonstrate the criteria above, apply with us now. We look forward to your application.