Compliance Officer/Fintech (Payment Service)/East Area
Job Description
Key Responsibilities
A. Regulatory Compliance & MAS Engagement
Serve as the primary liaison with MAS on all regulatory matters, inspections, queries, and reporting requirements.
Ensure full compliance with the PSA, MAS Notices (e.g., AML/CFT, Technology Risk Management), Guidelines, and circulars.
Oversee timely and accurate submission of all MAS regulatory filings, including incident reports, periodic returns, and attestation requirements.
Monitor regulatory developments and assess their impact on business operations, products, and controls.
Maintain the Compliance Framework, Compliance Calendar, and annual Compliance Plan.
B. AML/CFT, KYC, and Sanctions Compliance
Act as the AML/CFT Officer (if designated) responsible for implementing and maintaining AML/CFT policies, procedures, and controls.
Oversee customer due diligence (CDD), enhanced due diligence (EDD), sanctions screening, and ongoing monitoring.
Supervise transaction monitoring, suspicious transaction reporting (STR), and FATCA/CRS compliance.
Ensure staff training on AML/CFT and regulatory obligations.
C. Compliance Risk Management
Conduct periodic compliance risk assessments and implement mitigation measures.
Evaluate the effectiveness of internal controls and recommend enhancements.
Oversee compliance testing, monitoring programs, and internal audit coordination.
Support enterprise risk management activities, including operational, technology, and outsourcing risks.
D. Governance & Advisory
Advise the Board and senior management on compliance risks, regulatory expectations, and emerging issues.
Prepare compliance reports for Board and Committee meetings.
Support licensing obligations, new product approvals, and strategic initiatives requiring regulatory assessment.
Lead compliance input into business continuity planning (BCP), outsourcing arrangements, and vendor governance.
E. Policies, Procedures & Training
Develop, implement, and maintain compliance policies, manuals, and SOPs.
Review marketing materials, customer communications, and agreements for regulatory compliance.
Deliver ongoing compliance training across the organisation.
3. Qualifications & Experience
Required
Bachelor’s degree in Law, Finance, Accounting, or related field.
5–10 years of compliance experience in financial services, payments, fintech, or related sectors.
Strong knowledge of MAS regulatory frameworks, PSA requirements, AML/CFT standards, and regulatory reporting.
Professional certifications such as ACAMS, ICA, or IBF recognised by MAS.
Proven ability to engage regulators, senior management, and cross-functional teams.
Preferred
Experience in Major Payment Institution (MPI) licensing or ongoing compliance.
Familiarity with digital payments, e‑money issuance, merchant acquisition, and cross‑border transfers.
Experience in compliance technology, transaction monitoring systems, and data governance.
4. Key Competencies
Strong analytical and regulatory interpretation skills.
High integrity, independence, and sound judgment.
Excellent communication and stakeholder management abilities.
Ability to lead teams and drive compliance culture across the organisation.
Interested candidates please send resume to [email protected]
Eric Kng Chip Guan (CEI No.R1104559)
Business Edge Personnel Services Pte Ltd (96C4864)