Compliance Manager with global payment firm

• Minimum 7-years of direct compliance exp gained in the financial industry or payment industry with experience setting up KYB process
• Strong working knowledge in Financial Crimes subject matter across KYB, AML, Anti-Bribery Corruption, and Sanctions
• Added experience handling compliance transformation projects is useful

Our client is a renowned and global payment firm backed by 4 renowned FIs.

Designed as a global shared ledger, the firm aims to disrupt the traditional cross-border payment by leveraging on blockchain technology to reduce current frictions and latency, minimizing post transaction exception handling and reconciliation activities.

Key distinguishing features are around privacy solution, complete decentralized hosting and consensus efficiency – providing a commercial scalability which enables it to be a platform of choice for hosting multiple CBDCs and commercial bank digital currencies.

To encourage broad participation across the banking industry, the firm will be actively engaging leading banks to join the platform to establish the scale required to benefit the industry. The platform will start with a focus on facilitating flows primarily between Singapore-based banks in both USD and SGD, with the intent to expand service offerings to other markets and in various currencies.

For this role, you are doing a broad compliance role (newly created) and reporting to the  Head of Compliance.

Responsibilities

Core Compliance Program (around 30% of the time)

• Develop and implement a Fit-for-Fintech compliance framework/program
• Develop and maintain a risk-based Sanctions and Anti-Bribery & Corruption (ABC) Risk Management program to assure compliance with all relevant laws, rules, and regulations
• Provide leadership and collaboration with the Business, Legal and other internal functions to ensure the effective implementation of the Compliance program requirements across the firm
• Direct the development and implementation of compliance policies, procedures and controls across the organization
• Partner with business leaders to instil and embed a culture of compliance
• Develop and maintain critical relationships with the regulators, be instrumental in defining and shaping digital assets and emerging technologies regulation

Financial Crime (“FinCrime”) Program (around 30% of the time)

• Build and implement an enterprise-wide Fit-for-Fintech Financial Crime (“FinCrime”) Compliance program, to include Anti-Money Laundering (“AML”), and Sanctions Compliance 
• Establish and ensure reporting of the company’s FinCrime enterprise-wide FinCrime risk appetite statement and the execution of enterprise-wide FinCrime risk assessments
• Oversee the development of an appropriate FinCrime training program
• Interface with leadership across the business and functions to advise on FinCrime risks and operational or control issues

Project management (30%)-working on transformation projects

Compliance ops (10%)- automating customer sanction screening process

Key Professional Requirements

• Minimum 7-years of direct compliance exp gained in the financial industry or financial crimes risk management. Experience setting up KYB process is essential
• Compliance cands coming from the payment and fintech industry are welcome
• Bachelor’s degree or above and compliance-related certifications holders are preferred (e.g. CAMS, CFE etc.)
• Strong working knowledge in Financial Crimes subject matter across KYB, AML, Anti-Bribery Corruption, and Sanctions
• Added experience handling transformation projects relating to compliance is useful
• Good understanding of MAS (or G7 countries) regulatory compliance requirements is beneficial (but not a must) Knowledge of the global regulatory environment/practices is preferred but not a must.
• Good knowledge of payments, decentralized finance (DeFi) and blockchain is preferred but not a must

Preferable Individual qualities

Looking for an individual who is:

• Hands-on entrepreneurial mindset (i.e., “get stuff done” mentality)
• Good stakeholders’ management and analytical skills
• Thrive within an area of ambiguity, where there may not be precedents. Passionate to develop an internal controls framework in the web3 space
• Solution-driven: Practical and resourceful, able to identify risks and formulate practical risk-based approach solutions
• Excellent written and oral communication skills
• Thrive in a newly created role with a fairly new set up environment with a can do and positive attitude

To apply, pl send your cv in word doc to resume@cap-cg.com. Pl also include details on your current salary, expected salary and notice period in your cv.

We regret to inform that only shortlisted candidates will be notified.

Posted by:
CAP Consulting (EA license: 14C7175)
Caroline Poh (EA Registration: R1105649)
Date ad is posted - 5 June 2023