Compliance Officer and MLRO, Singapore

Taptap Send; Singapore; On-site; SGD 80,000 - 100,000; Full time

Job summary

A leading fintech company in Singapore is seeking an experienced Compliance Officer to support its MPI licensing process and establish compliance operations. The ideal candidate will have over 5 years of experience in compliance, specifically within a fintech regulated by MAS, and a strong understanding of Singapore AML/CFT regulations. This role offers an opportunity to contribute to a rapidly growing firm dedicated to reducing inequity and supporting immigrants in money transfers.

Qualifications

• 5+ years of experience in compliance.
• Experience with compliance technology tools (e.g., transaction monitoring platforms).
• Ability to build processes from scratch.

Responsibilities

• Support the MPI licensing process in Singapore.
• Set up local compliance operations.
• Ensure compliance with Singapore laws.
• Manage and coordinate regulatory reporting to MAS.
• Develop and update policies and procedures for Singapore operations.
• Conduct compliance testing and monitoring.
• Prepare internal compliance reports for management.
• Report suspicious transactions to the local authorities.
• Oversee CDD/KYC/EDD on new customers.

Skills

Strong understanding of Singapore AML/CFT regulations

Compliance within a fintech regulated by MAS

Experience managing regulatory engagements

Knowledge of cross-border payments

Compliance technology tools experience

Excellent communication skills

Stakeholder management experience

Education

ACAMS, ICA, or equivalent qualification

Job description

Our Mission

Reduce inequity by helping immigrants move money home, and become the leading cross-border fintech for emerging markets.

The Team

Founded by Harvard grads / 3rd-time founders --- also founded Segovia (successful exit) and GiveDirectly (>300M revenue, fastest-growing NGO). Top performers from top and varied organizations (e.g., Bain, Bolt, Google, McKinsey, SafeBoda, Uber, Zipline) --- we like moving fast, and we hire people that do as well. Driven by mission, guided by values (see below) – in deed, not just word. Team as global as the mission, >30 languages from 25 countries (i.e., if you’re interested in learning to make Chicken Moambe, we’re the place).

About Us

Taptap Send is backed by top VCs (Spark, Canaan, Reid Hoffman, Breyer Capital, etc.), rapidly growing and a great place for those looking for both impact and a fast-paced tech startup environment. Read more about the journey in Reid Hoffman's words or TechCrunch article.

Launched in 2019, Taptap is tapping into a transformative shift in global finance: from banks to phones. While this has affected wealthier countries as well, it has been nothing short of a revolution for the emerging markets where the overwhelming majority of population had been unable to access digital finance previously. Taptap Send allows immigrants to send money home instantly and with no fee, saving money in the process. With a formal market size of >700B alone, we’ve got a lot more saving to do for our users. Our mission is to reduce inequity by helping immigrants move money home, and become the leading cross-border fintech for emerging markets. And that’s just the beginning...

*We charge fees for transfers on fixed exchange rate corridors (e.g., XOF, XAF).

Our Investors

Spark Capital, Canaan, Reid Hoffman, Breyer Capital (Jim Breyer), Unbound (Shravin Mittal), Wamda (Fadi Ghandour), Firstminute Capital, Slow Ventures (Sam Lessin), Helios Partners (Souleymane Ba), Crossbeam Ventures (Ali Hamed), Nikesh Arora, Samih Toukan, and many other context-specific angels.

The Role

We’re seeking a Compliance Officer and MLRO (CO/MLRO) with 5+ years of experience to support our MPI licensing process and establish compliance operations for Taptap Send in Singapore.

The role is based in Singapore, so you must either be currently based there, or willing to relocate.

Responsibilities

• Support the MPI licensing process in Singapore, including preparation and review of application materials, liaison with regulators, and coordination with external counsel and advisors.
• Set up local compliance operations and establish an effective compliance framework aligned with Taptap Send Group’s standards.
• Ensure compliance with all applicable Singapore laws and regulations, including the Payment Services Act (PSA), MAS Notices on AML/CFT, and all relevant MAS guidelines.
• Manage and coordinate regulatory reporting to MAS, ensuring timely and accurate submissions and proactive communication of material changes.
• Develop, maintain, and update policies and procedures tailored to Singapore operations under the PSA.
• Conduct compliance testing and monitoring, ensuring prompt remediation of identified issues.
• Prepare internal compliance reports for management and the board.
• Report suspicious transactions to the Singapore Financial Intelligence Unit (STRO), in accordance with legal requirements.
• Oversee CDD/KYC/EDD on new customers, partners, and products.
• Collaborate with Group Compliance and internal audit teams to strengthen controls and ensure consistency with global standards.

Requirements

• Strong understanding of Singapore AML/CFT regulations, including the Payment Services Act (PSA), MAS AML/CFT Notices and all relevant MAS guidelines.
• 5+ years of experience in compliance within a fintech regulated by MAS.
• Experience managing regulatory engagements, ideally leading licensing projects.
• Knowledge of cross-border payments is a strong plus.
• Experience with compliance technology tools (e.g. transaction monitoring, sanctions screening, KYC platforms, etc.).
• A proactive, solution-oriented mindset and the ability to build processes from scratch.
• Excellent communication skills and stakeholder management experience.
• ACAMS, ICA, or equivalent qualification preferred.

Taptap Values

• Impact first
• Team next
• Accept reality
• Propose solutions
• Win with grit
• Be proactively candid, with yourself and others
• Love the particular
• Own it
• Create positive energy
• Maybe, even have fun

Taptap Send is an equal opportunity employer dedicated to building an inclusive and diverse workforce. All employment decisions are decided on the basis of qualifications, experience and business need. We strongly encourage applications who are members of underrepresented communities to apply.

If you require reasonable adjustments to be made during the recruitment process, please do not hesitate to let us know. Any information you provide us in this respect will only be used to accommodate your requirements.

Note: we recognize imposter syndrome is real - any candidate that does not perfectly fit every characteristic of this role is still strongly encouraged to apply.