Regional Legal Counsel, Financial Services

Grab; Petaling Jaya; On-site; MYR 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a skilled legal professional to join their dynamic team. In this role, you will provide critical regulatory and compliance advice, focusing on digital payments, lending, and insurtech. Your expertise will help navigate complex legal landscapes and ensure adherence to regulations across Southeast Asia. Collaborating with cross-functional teams, you will draft and review contracts, develop compliance programs, and represent the company with regulatory agencies. If you are passionate about driving innovation in financial services and thrive in a fast-paced environment, this opportunity is perfect for you.

Benefits

Term Life Insurance

Comprehensive Medical Insurance

GrabFlex Benefits Package

Parental Leave

Birthday Leave

Volunteering Leave

Grabber Assistance Programme

FlexWork Arrangements

Qualifications

• 5+ years of post-qualification experience in legal practice.
• Specialized experience in payments and financial services legal practice.

Responsibilities

• Advise on regulatory licensing and compliance in payments and insurance.
• Review and manage contracts to ensure compliance with regulations.
• Develop tailored compliance programs for financial services.

Skills

Regulatory and Compliance Knowledge

Contract Review and Management

Compliance Program Development

Collaboration

Issue Identification and Resolution

Research and Memo Drafting

Regulatory Interface

Risk Mitigation

AMLA Compliance

Education

Admitted Solicitor in Singapore or Malaysia

Corporate and Regulatory Experience

Job description

Company Description

About Grab and Our Workplace

Grab is Southeast Asia's leading superapp. From getting your favourite meals delivered to helping you manage your finances and getting around town hassle-free, we've got your back with everything. In Grab, purpose gives us joy and habits build excellence, while harnessing the power of Technology and AI to deliver the mission of driving Southeast Asia forward by economically empowering everyone, with heart, hunger, honour, and humility.

Job Description

Get to Know the Team

The Legal team supports Grab Financial Group's businesses across Malaysia, Singapore, Indonesia, Thailand, Vietnam, and the Philippines by providing legal, regulatory, compliance, governance, and contractual advice. .

Get to Know the Role

• You will focus on Digital Payments, Lending, and Insurtech, on regulatory matters, especially in dealing with government regulators, negotiating contracts, and handling governance documentation based on specific commercial, payments, and financial services requirements.
• You will report to the Associate General Counsel, GrabFin and you will be onsite at Petaling Jaya office.

The Critical Tasks You Will Perform

• Advise on regulatory licensing and compliance in payments, insurance, lending regulations, credit card association rules, and consumer protection laws.
• Review and manage contracts to ensure compliance with relevant regulations.
• Develop tailored compliance programs.
• Draft and review contract provisions with vendors, customers, partners, and consultants.
• Collaborate with finance, tax, accounting, and HR teams to address legal concerns.
• Identify and mitigate legal issues related to new financial services products and support regional expansion.
• Research legal issues and draft memos.
• Provide concise legal advice on financial services and payments laws.
• Represent Grab's interests with regulatory agencies and external counsel.
• Support Public Affairs in responding to legislative and regulatory proposals.
• Manage external advisors and counsels.
• Guide on legal aspects of product design, ensure legal compliance, and disclosures in user experiences.
• Work with regional and country legal teams on payments regulation and product design.
• Implement AMLA (Anti-Money Laundering Act) compliance requirements.
• Support inter-department programs to create compliant financial services products.

Qualifications

What Essential Skills You Will Need

• Regulatory and Compliance Knowledge: Experience with payments, insurance, lending regulations, credit card association rules, and consumer protection laws.
• Contract Review and Management: Experience handling, reviewing, and negotiating contracts.
• Compliance Program Development: Able to develop and implement compliance programs tailored.
• Collaboration: Experience working with finance, tax, accounting, and HR teams to resolve legal concerns.
• Issue Identification and Resolution: Competence in identifying and addressing legal issues related to new financial services products.
• Research and Memo Drafting: Proficient legal research and memo drafting.
• Regulatory Interface: Experience managing relations with regulatory bodies and providing legal advice.
• Risk Mitigation: Ability to identify and propose strategies to mitigate legal risks in product design.
• AMLA Compliance: Knowledge in developing AMLA compliance requirements.

Qualifications

• Admitted Solicitor: Legal practice admission in Singapore or Malaysia.
• Corporate and Regulatory Experience: Specialized experience in payments and financial services legal practice.
• Experience Level: Overall, at least 5 years of post-qualification experience.

Additional Information

Life at Grab

We care about your well-being at Grab, here are some of the global benefits we offer:

• We have your back with Term Life Insurance and comprehensive Medical Insurance.
• With GrabFlex, create a benefits package that suits your needs and aspirations.
• Celebrate moments that matter in life with loved ones through Parental and Birthday leave, and give back to your communities through Love-all-Serve-all (LASA) volunteering leave
• We have a confidential Grabber Assistance Programme to guide and uplift you and your loved ones through life's challenges.
• Balancing personal commitments and life's demands are made easier with our FlexWork arrangements such as differentiated hours

What We Stand For At Grab

We are committed to building an inclusive and equitable workplace that provides equal opportunity for Grabbers to grow and perform at their best. We consider all candidates fairly and equally regardless of nationality, ethnicity, race, religion, age, gender, family commitments, physical and mental impairments or disabilities, and other attributes that make them unique.