Manager, Payments Compliance

Funding Societies; Kuala Lumpur; On-site; MYR 120,000 - 160,000; Full time

Job summary

A leading fintech company is seeking an experienced (Senior) Manager, Payments Compliance to enhance their payments business across Southeast Asia. This critical role involves ensuring regulatory alignment, managing audits, and collaborating with various teams to drive compliance initiatives. The ideal candidate will possess a strong background in payments compliance and regulatory knowledge, along with excellent communication skills. The position offers an opportunity to lead compliance education and work closely with regulators to shape the compliance landscape.

Qualifications

• Experience in payments compliance in a regulated financial environment.
• Strong understanding of AML and CFT regulations.
• Ability to engage with regulatory authorities effectively.

Responsibilities

• Oversee the payments compliance program across jurisdictions.
• Advise on payment-related regulations and guidelines.
• Manage regulatory inspections and audits.
• Design compliance controls for payments services.
• Lead compliance education across the Payments organization.

Skills

Regulatory knowledge

Communication skills

Analytical skills

Team leadership

Education

Relevant degree in Finance or Compliance

Job description

Funding Societies | Modalku is the largest SME digital finance platform in Southeast Asia. We are licensed and operating in Singapore, Indonesia, Thailand, Malaysia and Vietnam, and backed by Sequoia India (Peak XV), Softbank Vision Fund, Khazanah and SMBC bank amongst many others. Funding Societies | Modalku provides business financing to small and medium‑sized enterprises (SMEs), which is funded by individual and institutional investors, as well as payments solutions to SMEs and consumers.

• Grow Relentlessly: Strive to become our best, most authentic selves.
• Enable Teamwork, Disable Politics: Only by forging togetherness, we help each other succeed.
• Test Measure Act: Stay curious and reinvent ourselves, through innovation and experimentation.
• Focus on Impact: Create impact through bias for action and tangible results.
• Serve with Obsession: Build win‑win relationships for the long‑term by having a customer obsession.

We are seeking a hands‑on and solutions‑oriented (Senior) Manager, Payments Compliance to help us scale our payments business securely and responsibly across Southeast Asian markets. This role is critical in ensuring that our payments business operates in full alignment with regulatory requirements while enabling business innovation and speed.

As a senior member of the Compliance team, you will work closely with Risk, Product, Business and senior leadership teams to provide pragmatic advice and solutions, build scalable controls, and maintain a strong compliance practice. You will also engage with local regulators on licensing, reporting, audits, and emerging developments in the regulatory landscape.

What you will do:

Regulatory Compliance Leadership

• Assist the Payments Compliance Lead to oversee and enhance the payments compliance program across assigned jurisdictions.
• Interpret and advise Management on payment‑related regulations, licensing requirements, and MAS/regulatory guidelines.
• Conduct regular assessments and monitor changes in payments‑related regulatory requirements to identify potential compliance gaps and recommend appropriate actions.

Advisory & Partnership

• Act as the payments compliance advisor to product and business teams on new initiatives, features, and partnerships.
• Support compliance/regulatory aspects of product design, launch, etc.

Regulatory Engagement

• Manage ongoing regulatory topics, inspections, audits, and correspondence with the regulators and partner financial institutions.
• Prepare and coordinate licensing applications, renewals, and any required regulatory filings.

Compliance & Controls

• Assist to design and improve control frameworks to ensure adherence to AML, CFT, sanctions, and conduct requirements in payments.
• Help maintain an effective compliance framework for our payments‑related franchise and ensure the Group's adherence to regulatory requirements.
• Assist and implement payment‑compliance policies, procedures, and controls to mitigate regulatory risks and promote ethical behavior within the organization.
• Lead compliance testing related to payment services.

People & Team Leadership

• Coach junior compliance team members.
• Assist to drive compliance education and embed a culture of ownership and accountability across the Payments organization, including facilitating training programs to promote awareness and understanding of Compliance obligations.