China Life Insurance (Singapore) Pte. Ltd. – Risk & Compliance Intern (6-month)

Company
China Life Insurance (Singapore) Pte. Ltd.
chinalife.com.sg
Designation
Risk & Compliance Intern (6-month)
Date Listed
14 Oct 2021
Job Type
Entry Level / Junior Executive
Intern/TS
Job Period
From Dec 2021, For At Least 6 Months
Profession
Risk / Product / Project Management
Industry
Insurance
Location Name
Singapore
Work from Home
Allowance / Remuneration
$800 - 1,200 monthly
Company Profile

Established in 2015, China Life Insurance (Singapore) Pte. Ltd. is a licensed life insurer which is regulated by the Monetary Authority of Singapore. As part of China Life Insurance (Group) Company ("China Life") which is the largest state-owned financial insurance corporation in China, we are backed by its financial strength and established heritage^. For 19 consecutive years, China Life is a Fortune Global 500 company, ranking 32 in 2021. It is an influential global brand with a brand value of RMB 436.672 billion*.

Our parent company, China Life Insurance (Overseas) Company Limited ("China Life (Overseas)") is a wholly-owned subsidiary of China Life. It has grown to become one of the largest financial institutions in Hong Kong with an asset value of more than HKD 456.3 billion (December 2020) and its premium income exceeded HKD68.9 billion in 2020. China Life (Overseas) has extended its footprint in Southeast Asia region in recent years, and established subsidiaries in Singapore and Indonesia in 2015 and 2018 respectively. Its financial rating by Moody's was "A1" (insurance financial strength rating in January 2021) and by Standard & Poor's was "A" (long-term local currency issuer credit rating and insurer financial strength rating in December 2020).

As a socially responsible company, we are committed to offer value-added financial solutions to customers to fulfil their risk protection, retirement, wealth management, and legacy planning needs. We believe in giving back to society through our corporate social responsibility activities to make a positive impact on the community and our customers. We have a network of 22 branches formed by strategic partnership of 2 banks, and more than 19 strategic partners formed by local and international brokerages, private banks and wealth management companies. We have officially launched our Agency Channel. It aims to penetrate the local insurance industry and built a trusted and experienced team, equipped to provide utmost services to local clients and high net worth clients.

Job Description

To gain exposure in working in a control function by supporting both Risk, and Compliance Departments in their daily operations

  1. Coordinate and work with business units to collate risk data
  2. Perform basic risk analysis and review, supporting senior colleagues to prepare risk related reports and papers. 
  3. Assist to prepare presentation materials for Management reporting
  4. Assist to maintain weekly work log  
  5. Assist to prepare weekly and monthly news update
  6. Updating and maintaining of Regulatory register and time-table
  7. Administer service recovery actions and appeals from representatives
  8. Assist in ad hoc projects related to Risk & Compliance matters
  9. Assist in daily Compliance BAU work
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