Insurance Distribution Governance Risk Assessment & Remediation Lead

Insurance Distribution Governance Risk Assessment & Remediation Lead

Location Remote

Following Allianz's acquisition of INSP, we are hiring a senior contractor to lead a risk assessment and remediation programme for Insurance Distribution Governance, covering tied channels (e.g., agents) and third-party (TP) distribution channels (e.g., brokers/IFAs/Banca). The role will compare Allianz's distribution governance policies and operating controls with INSP, identify gaps, assess risk impacts, and implement pragmatic remediation to meet Alliance target standards

Responsibilities

1) Mobilise & scope (Weeks 1 3)

• Confirm scope across tied and TP channels, products, entities, and distribution models in Singapore.
• Identify key stakeholders across Distribution, SLOD, Operations, Product and Marketing.
• Establish delivery cadence: working group, steering updates, and documentation standards.

2) Current-state discovery for HSBC and Allianz (Weeks 2 6)

• Review and catalogue distribution governance artefacts (A and B):
• Map end-to-end distribution processes

3) Comparative gap assessment & risk evaluation (Weeks 5 10)

• Compare INSP's policies/processes/controls against Allianz minimum requirements and target operating model.
• Identify gaps across:
• Governance structure, accountability, and decision rights
• Policy coverage, clarity, and local applicability
• Preventive and detective controls; evidence and recordkeeping quality
• Channel oversight, partner governance, and ongoing monitoring depth
• Exception management and breach escalation effectiveness
• Management information (MI): KPIs/KRIs, thresholds, reporting cadence

4) Remediation design & delivery (Months 3 11)

• Create a prioritised remediation backlog
• Drive delivery with process owners; manage dependencies across teams; track progress and evidence closure.
• Ensure remediation is operationalized

5) Embed, assure & handover (Months 10 12)

• Validate implementation via walkthroughs, evidence checks, and testing/sampling, if required.
• Prepare updated artefacts, controls mapping, MI examples, meeting minutes, and closure evidence.
• Deliver final report and BAU transition plan (ongoing ownership, reporting cadence, residual risk).

Required experience & skills

• 12 15 years in insurance distribution governance / conduct risk / operational risk / controls,
• Strong hands-on experience with wealth/insurance distribution governance and oversight.
• Track record delivering post-M&A integration assessments and remediation programmes will be useful
• Ability to translate policy into workable processes and controls; comfortable producing audit-grade documentation.

Strong stakeholder management, influencing without authority, and ability to operate at pace under ambiguity