Head of Compliance

Direct message the job poster from M-DAQ Global

At M-DAQ Global, we are on a mission to create a World without Currency Borders. We are a pioneering fintech group specialising in foreign exchange (FX) & payment solutions that facilitate seamless cross-border transactions for businesses worldwide.

Headquartered in Singapore, our vibrant and diverse team spans six countries and territories. We foster a dynamic environment where individuals can contribute to a comprehensive suite of solutions, from advanced FX and streamlined collections to AI-driven onboarding and enhanced risk management. If you are passionate about making a tangible impact in the global financial landscape, and eager to grow within a company that is constantly innovating, M-DAQ Global offers a unique opportunity.

Join us and be part of the team powering faster, smarter cross-border payment and FX solutions for Asia and the world.

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• Be accountable for creating and implementing a scalable regulatory compliance framework across first and second line compliance responsibilities to ensure that M-DAQ & its group of companies meet their regulatory and financial services licence obligations.
• Design and implement policies, procedures, systems, governance and internal controls to ensure licensing commitments and regulatory conditions are met and followed.
• Oversee M-DAQ's efforts to combat financial economic crime, including anti-money laundering (AML), combating the financing of terrorism (CFT), sanctions and anti-bribery & corruption (ABC).
• Implement and maintain a robust customer due diligence (CDD)/know your customer (KYC) programme for the onboarding of new customers and regular review of existing customers to comply with all AML and CFT requirements.
• Continually develop, maintain and provide internal advice on M-DAQ's compliance policies, handbooks and manuals.
• Develop and implement an enterprise-wide risk assessment framework to assess our inherent risks and control measures in collaboration with other risk functions.
• Identify, monitor, and mitigate operational risks by ensuring effective internal controls, business continuity planning, and incident management processes are in place.
• Serve as the primary point of contact for all regulatory compliance matters
• Support internal and external audits from our regulators, liquidity providers, audit partners and banking partners
• Support corporate governance matters
• Assist with other aspects of the business and special projects

• Tertiary educational qualification, professional certification, years of relevant compliance experience in a payments institution, bank, or other MAS-regulated financial institution or fintech
• Deep knowledge of and familiarity with regulatory compliance requirements and relevant regulations
• Solid experience building and implementing compliance programmes, policies and procedures
• Proficiency with compliance management, name-screening and transaction monitoring software
• Proficiency in written and spoken English, familiarity with business, legal, policy, and financial documentation
• Sound business and commercial judgement
• Demonstrable ability in managing stakeholders, especially in the financial/payments space
• Driven personality to work in a fast-paced environment
• Collaborative and personable team player who enjoys interacting with different business units.

• Make a positive impact to the world's economy by creating a World without Currency Borders
• Innovation Mindset, People-Oriented
• Challenging environment, offering great opportunities to learn and grow
• Creative and Innovative Workplace
• We offer competitive remuneration, including employee stock options and employee benefits

• Mid-Senior level

• Full-time

• Legal