Compliance Manager

**The Role**

As a pioneer member of the team, you will be working in tandem with the senior management to set the tone in establishing strong governance and internal controls, as well as manage internal stakeholders and external regulatory relationships.

You will lead and contribute to the key decision-making that will define the compliance landscape of our business to scale our business.

**What you’ll be doing **_(to include but not limited to)_**:
**Regulatory Compliance**:

- Monitor and interpret regulatory changes and developments in the remittance industry in Singapore.
- Support the business on all AML and compliance matters and ensure the business is operating within the Major Payment Institution (‘MPI’) licence requirements
- Develop and implement compliance policies, procedures, and controls to ensure adherence to regulatory requirements
- Conduct regular compliance reviews and assessments to identify any areas of non-compliance and implement corrective actions
- Act as the main liaison officer with MAS, and external and internal auditors or regulatory bodies

**AML/CFT (Anti-Money Laundering/Countering the Financing of Terrorism)**:

- Oversee and enhance the company's AML/CFT policies, procedures, and controls
- Conduct risk assessments and implement appropriate measures to mitigate money laundering and terrorist financing risks
- Develop and deliver training programs to ensure employees' understanding of AML/CFT requirements and their responsibilities
- Monitor and investigate suspicious transactions, reporting any findings to the relevant authorities as required
- Stay up-to-date with AML/CFT regulations and industry trends to implement necessary changes

**Internal Compliance**:

- Establish and maintain an effective compliance framework within the organisation
- Develop and implement internal compliance policies and procedures
- Conduct periodic compliance audits and reviews to ensure adherence to internal policies and guidelines
- Provide guidance and support to business units to ensure compliance with internal policies
- Collaborate with internal stakeholders to address compliance-related matters

**Compliance Reporting and Record-Keeping**:

- Prepare regular compliance reports for management and regulatory authorities
- Maintain accurate records of compliance-related activities, including audits, investigations, and training
- Ensure timely submission of regulatory reports and filings as required

**Compliance Monitoring and Testing**:

- Develop and execute compliance monitoring and testing programs to evaluate the effectiveness of internal controls
- Identify control weaknesses or gaps and recommend remedial actions
- Monitor and assess the implementation of corrective measures

**What we look for**:

- Bachelor's degree in Law, Business, Finance, or a related field
- Solid understanding of remittance business operations and relevant regulatory frameworks in Singapore
- In-depth knowledge of the Payment Services Act (PSA) and MAS regulations
- Previous experience in compliance roles within the financial services industry, preferably in remittance services
- Strong understanding of AML/CFT regulations and practices
- Familiarity with compliance risk assessments, audits, and investigations
- Excellent analytical skills and attention to detail
- Strong communication and interpersonal skills
- Ability to work independently and collaboratively in a team environment
- Professional certifications in compliance, AML/CFT, or related fields are a plus
- This job description describes the general nature of the position and is not intended to be exclusive or exhaustive. It may be amended from time to time based on business requirements._

**Job Types**: Full-time, Permanent

**Salary**: $6,000.00 - $8,500.00 per month

**Benefits**:

- Additional leave
- Cell phone reimbursement
- Health insurance
- Parental leave

Schedule:

- Monday to Friday

**Education**:

- Bachelor's or equivalent (preferred)

**Experience**:

- Compliance: 5 years (preferred)

Work Location: Hybrid remote in Singapore 118523