Principal Specialist, Compliance
Principal Specialist, Compliance
fairprice group- Posted 2 days ago
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Job Description
Job Description
Reports to: Head of Governance, Risk and Compliance
Role Objective
Reports to: Head of Governance, Risk and Compliance
Role Objective
- Serve as a 2nd Line of Defense (L2) Operational Risk & Compliance Manager focusing exclusively on brick-and-mortar store operations. Provide independent compliance oversight, challenge, and advice over store-level activities across supermarkets and food outlets.
- Embed regulatory obligations and internal control standards into daily shop-floor operations while maintaining continuous monitoring, risk assessments, and governance reporting.
- Store Compliance Framework & Regulatory Mapping
- Maintain and update the L2 store compliance framework, minimum control standards, policies, and store inspection checklists for physical retail and food outlets.
- Map applicable local regulatory obligations (e.g., food hygiene standards, licensing, price display, weights & measures, PDPA at store level) and internal policies into clear operational control requirements for store teams.
- Maintain a central inventory of store-level operational compliance risks, obligations, and key controls.
- Provide independent advice and L2 challenge on store operational risks and control effectiveness.
- Risk-Based Store Reviews & Independent Challenge
- Plan and conduct risk-based store compliance reviews, control self-assessment (CSA) validations, attestations, and unannounced store visits.
- Maintain supervisory L2 oversight over key store risk areas-such as cash management, inventory management, point-of-sale (POS) exceptions, data protection, and store-level regulatory licenses.
- Oversee root-cause analysis for store compliance breaches, control deficiencies, and repeat audit findings.
- Agree on remediation action plans with Store Operations, track issue closure, and escalate overdue or recurring risks.
- Continuous Monitoring & Tech Enablement
- Establish Continuous Compliance Monitoring (CCM) rules, risk thresholds, Key Control Indicators (KCIs), and escalation triggers using store-level operational data.
- Leverage data analytics (e.g., POS exceptions, cash variances, stock loss trends) to target L2 reviews at higher-risk store locations rather than relying on fixed physical rotation schedules.
- Partner with Digital & Technology and Compliance Tech teams to refine digital inspection tools, automated exception reporting, and GRC tracking platforms for store managers.
- Governance Reporting, Training & Culture
- Prepare store compliance dashboards, KCI trend reports, and risk insights.
- Deliver practical compliance training and guidance to store managers and frontline teams to build strong compliance awareness and accountability on the shop floor.
- Bachelor's Degree in Accounting, Business, Finance, Risk Management, Law, or a related field.
- 8 to 10 years in operational compliance, internal audit, operational risk, or loss prevention-experience in the retail industry is preferred, especially prior hands-on experience in supermarket or food outlet operation.
- Demonstrated knowledge of 2nd Line risk frameworks, control self-assessment testing, risk mapping, and issue tracking.
- Proficiency in analysing store exception data, cash variances, or inventory reports to identify high-risk stores.
- Ability to effectively influence and challenge store operational leaders, along with willingness to conduct store visits islandwide (including occasional non-office hours).
- Experience with Continuous Compliance Monitoring (CCM) logic or GRC dashboarding tools.
- Experience in assessing store-level fraud risks, designing anti-fraud monitoring controls, or participating in operational risk and fraud prevention reviews within physical retail environments.
- Professional certifications such as Certified Internal Auditor, Certification in Risk Management Assurance, Certified Fraud Examiner, International Compliance Association (or International Compliance Association Qualification/Diploma), Personal Data Protection Act certifications.
More Info
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Key Skills
Risk mapping
Control self-assessment testing
GRC tracking platforms
GRC dashboarding tools
Automated exception reporting
Root-cause analysis
Digital inspection tools
Regulatory mapping
Continuous Compliance Monitoring (CCM)
About Company
Skills:
FAA, Treasury Products, PDPA, Internal Controls, Transaction Banking, SFA, Regulatory compliance training, Compliance risk management, Compliance frameworks, Banking Act, Regulatory compliance advisory, Global Banking
Skills:
Emergency Preparedness, Environmental Health, Ohsas, Iso, EHS Management Systems, Facilities Environmental, Ehs, fire safety training, Fire Protection Systems, Emergency Response Management, EHS Audits, Safe Work Practices, WSH Performance Management, Workplace Safety and Health, Regulatory Compliance, Incident and Accident Investigation, Occupational Health and Safety, Facilities Management, Workplace Safety
Skills:
GMP regulations, ICH regulations, pharmaceutical RM control, Cgmp, pharmacopoeia EP USP ChP, Quality Systems, root cause analysis tools, RM testing methods
Skills:
Control frameworks, Regulatory Matters, Compliance advice, compliance training, Strategic compliance projects, Regulatory change initiatives, Stakeholder Management
Skills:
Procurement, Compliance risk assessments, Anti-bribery and anti-corruption, competition law, internal investigations, Whistleblowing, Sales activities, Business Operations, Supplier relationships, Anti-money laundering, Third-party due diligence, Sustainability compliance, Compliance training and awareness programs, Commercial Contracts