Compliance Manager

Wise Payments; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A global fintech company in Singapore is seeking a Compliance Specialist to improve compliance practices and maintain regulatory licenses. This role requires expertise in Payment Services Compliance and involves collaboration with regulators and internal teams to ensure compliance with regulations. The ideal candidate will have strong communication skills, attention to detail, and a passion for the fintech space. The position offers opportunities for professional development in the dynamic financial technology sector.

Qualifications

• Expertise in compliance related to the Payment Services Act.
• Demonstrable experience in designing compliance processes.
• Motivated individual with a passion for improving compliance practices.

Responsibilities

• Improve compliance product in line with company mission.
• Maintain Major Payment Institution Licence in Singapore.
• Build trust with regulators and manage reporting.

Skills

Payment Services Compliance

Communication Skills

Organizational Skills

Attention to Detail

Ability to Work Under Pressure

Job description

• Compensation: SGD 9,300 - SGD 12,180 - monthly

Company Description

Wise is a global technology company, building the best way to move and manage the world’s money.
Min fees. Max ease. Full speed.

Whether people and businesses are sending money to another country, spending abroad, or making and receiving international payments, Wise is on a mission to make their lives easier and save them money.

As part of our team, you will be helping us create an entirely new network for the world's money.
For everyone, everywhere.

• Improve the compliance product in line with our mission to be instant, convenient, transparent and eventually free.
• Maintain our Major Payment Institution Licence in Singapore, including but not limited to: (i) regulatory liaison, (ii) regulatory reporting and filing, and be a champion of our compliance framework in audits.
• Build trust with our regulator: manage and coordinate meaningful reporting internally and externally, respond to information requests, and proactively communicate product changes and notifiable events.
• Maintain and manage effective compliance frameworks, policies and governance documentation.
• Develop systems to track and monitor our regulatory risk, compliance with regulatory requirements and internal policies.
• Work with teams to report management information to the Board so they are aware of the key risks.
• Educate teams about Singapore regulatory requirements, and empower teams to build risk based processes which are clearly documented.
• Scrutinise and test compliance programs and work with Operational teams to develop our risk based approach, provide constructive feedback and be responsible for resolutions.
• Adapt your focus on different compliance issues depending on growth plans and compliance needs.
• Work with global Product and Operational teams in Singapore, and Tallinn, and travel to our operational offices if needed.

This role will give you the opportunity to:

• Develop an in-depth knowledge of Wise’s business and get to know many teams across the company as you liaise with them to help them understand regulatory frameworks and bring together the information that our regulators need.
• Help keep compliance right at the heart of our product development by helping our regulator understand our mission, and through horizon-scanning for new regulatory developments to share with teams.

Qualifications

A bit about you:

If you have a background in Payment Services Compliance in Singapore, or other similar financial regulation, great communication and organisational skills, tons of motivation, then this role could be perfect for you!

• Theory. You are an expert in compliance related to the Payment Services Act and may be currently working, have worked, or work directly with the Monetary Authority of Singapore (MAS).
• Practice. You have demonstrable experience designing and challenging processes, ideally across multiple products. You have thought deeply about the Wise mission and how it intersects with compliance.
• Passion. You get a kick out of improving current practices and processes and can apply different compliance strategies to develop multiple compliance frameworks.
• Get the job done. You have a sense of urgency and an ability to work well under pressure, prioritising, taking responsibility and working to tight deadlines.
• Detail. You have meticulous attention to detail.
• Development. You’ve considered the challenges and development opportunities of working at a fast growing scale-up and are looking to get into FinTech or develop your knowledge of payments compliance. Here’s a taster of what it’s like working at Wise.

Additional Information

For everyone, everywhere. We're people building money without borders — without judgement or prejudice, too. We believe teams are strongest when they are diverse, equitable and inclusive.

We're proud to have a truly international team, and we celebrate our differences.
Inclusive teams help us live our values and make sure every Wiser feels respected, empowered to contribute towards our mission and able to progress in their careers.

If you want to find out more about what it's like to work at Wise visitWise.Jobs .