Compliance Officer

A leading Major Payment Instituttion in Singapore. MCTPay emphasizes long-term security, reliability, and convenience with our services and key products reflecting the vision. As we aim to be a one-stop centre for everything Payment, MCTPay is looking for an independent and driven person as our Compliance Officer.

Responsibilities:

1. Implement and maintain effective compliance framework, policies and internal controls for adherence to MAS requirements.

2. Monitor and maintain enterprise-wide risk assessment procedures and AML/CFT & KYC checks on a continual and timely basis.

3. Experience in Digital Payment Token Policies and Procedures

4. Keeping abreast on all regulatory updates & support management and business lines on compliance issues.

5. Perform investigations and review suspicious transactions/ alerts. Carry out proper escalations and file Suspicious Transaction Reports (STRs) with relevant authorities as necessary.

6. Support any matters related to licensing.

7. Develop internal controls and policies to ensure all compliance needs across all spheres of activity in the company are met.

8. Complies legal requirements by studying existing and new legislation; enforcing adherence to requirements; advising management on needed actions.

Person Specifications:

1. Experience with local regulations and sound understanding of Payment Service Act, and KYC/CFT regulations is required

2. Experience and background in AML program implementation in Payment and Remittance and fintech environment have an added advantage

3. holds minimally a Bachelor Degree in Law /Finance/Compliance or any other equivalent qualifications

4. Strong verbal and written communication capabilities and is driven with agile problem-solving skills that thrives in ambiguous environment independently

5. Familiar with Accuity Screening Software.

6. Fluent in Chinese, able to communicate with Chinese customers.