Head of Compliance

Roles & Responsibilities

Hello, and welcome to Atlas

Atlas builds digital banking businesses. Atlas is a digital banking platform that manages all aspects of a bank's operations from core to customer. It is modular in design and extremely flexible, and therefore an excellent platform for open banking and embedded finance solutions. Atlas has two sides to the organisation:

• Wholesale activities that provides banking-as-a-service solutions – HugoHub
• Digital retail financial services – Hugosave, HugoBank

Atlas has a growing footprint across Southeast Asia, and rising demand from Europe, Africa, Middle-East.

Who we are looking for

We are looking for a Head of Compliance to work alongside senior management. The role is to build upon the existing compliance framework and help us expand through client and customer scale and support regional expansion in line with the company's activities.

What a "Head of Compliance" means to us

Our Head of Compliance will ensure our compliance activities are consistent with our group values, and will enhance and expand compliance procedures that meet both our regulatory and contractual obligations.

Our Head of Compliance will drive innovation of our products for both HugoHub and Hugosave.

Our Head of compliance will support our strategic pipeline with proactive research on near and mid-term jurisdictional analysis.

Our Head of Compliance will manage our policies framework, lead the Audit and Risk Committee and liaise with our Head of Risk to provide recommendations on our top down risk culture resulting from the Enterprise Risk Management and quarterly risk reviews.

How you can help us

You will build upon our existing team and nurture a robust and efficient team of compliance, fraud and AML specialists, using the latest compliance software and technology to provide real-time solutions. You will have extensive experience of: a. regulatory bodies in SE Asia and beyond, b. financial services and payments, c. Singapore's Payment Services Act, d. dealing with the MAS, and e. familiarity with both MasterCard and VISA card schemes.

You will be independent:

• The Head of Compliance role is independent, reporting on a daily basis to the COO but with a direct line of escalation to the Chair of the Audit and Risk Committee.
• Head of Compliance shall submit a quarterly report to the Audit and Risk Committee based upon the Risk taxonomy findings with recommendations on areas that need attention and potential audit focus.
• Head of Compliance will drive strategic support in assessing jurisdictional demands across AML, Data, Technology and Product regulation.

Your Head of Compliance responsibilities include being the MLRO – Nominated Officer

• Any decisions made as the MRLO are wholly your own, and in making such decisions you shall not be influenced by anyone within the organisation.
• As MRLO you will undertake such training and seek such legal advice needed to keep yourself up to date.
• You will identify the firm's money laundering risk profile, considering the firm's customer, product and activity base, distribution channels, complexity and volume of transactions, processes and systems and operating environment.
• You will develop and document the firm's customer identification procedures and risk management policies.
• Overseeing the firm's compliance with its obligation to train staff in its anti-money laundering policy: the MLRO must ensure staff training is offered, training records are kept and training is of an appropriate standard and scope.
• Assist in the conduct of internal and external enquiries and investigations where necessary, and provide liaison, reports and witness statements to the relevant authorities.
• You will provide reports to senior management on the operation of the anti-money laundering systems and controls, including a formal report to senior management at least annually.
• You will conduct risk assessments of any business development activities.
• You will ensure that the firm is up to date with international AML best practice.

Compliance – Regulatory and Scheme:

• Assist senior management in educating staff on compliance and ethics matters, and act as a contact point within the company for compliance and ethics queries.
• Assist senior management team in identifying and assessing potential compliance issues.
• You will provide written reports on compliance procedures and performance to the board.
• Assess the appropriateness of the company's compliance related policies and procedures, promptly follow up on any identified deficiencies and, where necessary, propose amendments.
• Monitor compliance by performing sufficient and representative compliance testing, including spot checks and making enquiries into compliance incidents, carrying out further investigations as appropriate.
• Provide compliance advice on special projects, including the launch of new businesses and products requiring authorisation.
• Liaise with legal counsel and relevant units, and provide guidance and advice on compliance laws, rules and standards.
• You will oversee the Trustbox (subsidiary) MLRO activity providing advice and mentoring to achieve consistent company standards.

Risk Management:

• You will provide oversight to the first Line of Defence risk management identifying weaknesses and raising standards in line with the Risk Management Policy.
• Review and update the Risk Management Policy annually.
• Develop consistently applied standards, practices and metrics that will help Managers be accountable for their identified risks.
• Provides results, recommendations and updates as needed to the Board of Directors.

What we consider relevant qualifications, experience and knowledge

Skills and capabilities we believe are highly relevant include:

• Min. 10+ years of experience in a senior banking and or payments compliance role.
• Bachelors/Masters degree or equivalent
• Relevant experience as an MLRO in Singapore, with other jurisdictions a plus
• ICA international qualifications in one or each of Anti-Money Laundering, Compliance or Financial Crime Prevention
• A proven track record of working directly with regulators
• Experience dealing with card schemes
• Extensive knowledge of South East Asian financial services, regulatory bodies and payments industry (particularly Singapore).
• Fluent English speaker and writer

Performance indicators to get you off to a great start

A touch down quick win (30 Days):

• Familiarise yourself with our initial compliance policies.
• Familiarise yourself with our Enterprise Risk Management Framework and contribute to the ongoing Quarterly Risk review.
• Understand the team's roles & responsibilities
• Register as the company's MLRO with the MAS

Find your feet (90 Days):

• Review and monitor all system and manual compliance and operational controls and Standard Operational Guidelines.
• Mentor the Operations and Client Service teams on their compliant execution of onboarding, transaction processing and complaints handling.
• Assume responsibility for the Audit and Risk Committee

Well into your stride (180 Days):

• Ensure all areas of the business are compliant and adhering to best practices and identify areas of improvement across the Standard Operating Guidelines in line with compliance policy.
• Review and develop changes to enhance the policies, procedures and training regime.
• Assist with market expansion and licensing applications.

Atlas Values being Responsible, Open and Collaborative

We are responsible to our clients, customers, community and team to help shape a more open, collaborative approach to money. This is the way Atlas hopes to make a difference; help us build better communities.

Shared responsibility is not only part of our approach to money but a key part of how we work together. This shared responsibility allows for openness and candour between us as a team and in our relationship with our customers.

Good ideas can come from anywhere, so an open and collaborative dialogue between the Atlas community (customers, the team, the stakeholders, alike) helps get the best from us all and helps make the difference.

Everyone is welcome to apply
Tell employers what skills you have

Licensing
Transaction Processing
Defence
Taxonomy
Compliance Testing
Assessing
Crime Prevention
Enterprise Risk Management
Risk Management
Legal Advice
Fraud
Banking
AML
Financial Services

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