Compliance Officer (PSA / SFA)

SBI DIGITAL MARKETS PTE. LTD.; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A leading digital services firm located in Singapore is seeking an experienced compliance manager to assist in managing compliance and regulatory risks for digital assets and payment token services. The role requires at least 6-8 years of relevant experience, and responsibilities include creating and implementing compliance programs, conducting risk assessments, and ensuring adherence to applicable laws. Candidates should possess strong communication skills and knowledge of AML/CFT regulations, with a degree in any discipline.

Qualifications

• Minimum 6-8 years of experience in capital markets and payment services.
• Knowledge of AML, CFT, and compliance testing.
• Familiarity with digital assets and DLT preferred.

Responsibilities

• Manage compliance and regulatory risks for digital assets services.
• Create and implement effective AML programs.
• Conduct compliance testing to ensure effective controls.

Skills

Compliance advisory support

Regulatory gap analysis

AML and CFT knowledge

Risk assessment

Effective communication

Education

Degree in any discipline

Job description

Position Overview

Assist the Head of Compliance to manage compliance and regulatory risks for the digital assets and digital payment token services. Provide compliance advisory support and independently execute the compliance program with minimal supervision and regularly reports on programme health to SBIDM stakeholders.

Principal Duties and Responsibilities

Ensure the company's policies and procedures are updated and implemented to comply with the Securities and Futures Act ("SFA"), Payment Services Act ("PSA"), and other applicable laws and regulations.

• Create and implement effective AML and transaction monitoring programs to ensure adherence to PSA requirements.
• Work closely with the business and operations teams to identify compliance risks, help the business to develop controls designed to mitigate risks and put into place a self-testing and reporting regime that will ensure residual risk ratings are within SBIDM's risk appetite.
• Conduct outsourcing and third-party risk assessments to ensure compliance the regulatory requirements.
• Monitor regulatory developments, conduct regulatory gap analysis and work with the relevant business owners to identify and implement action points.
• Conduct compliance testing to ensure controls are functioning effectively, as intended, and in compliance with all regulatory requirements, specific licence obligations, and internal practices.
• Review and monitor compliance with relevant Anti-Money Laundering ("AML"), Countering the Financing of Terrorism ("CFT"), and Sanctions requirements;
• Perform AML / CFT EWRA to ensure AML / CFT risks are identified and mitigated, and policies appropriately updated.
• Participate in any ad-hoc projects and system enhancements, as assigned.

Qualifications & Skills

Degree holder in any discipline with at least 6-8 years of relevant working experience in capital markets and payment services.

• Familiar with rules and regulations applicable payment service license holder.
• Knowledge about fiat and DPT transaction monitoring, travel rule and wallet screenings.
• Familiarly with digital assets and distributed ledger technology a plus.
• ICA Diploma or CAMS qualification will be advantageous

Characteristics and Expectations

Takes initiative to build the company from a start-up status, with a demonstrable ability to adapt to and embrace change.

• Disciplined in goal orientation.
• A good communicator, both written and verbal. Fluency in English required. Familiarity with Japanese would be beneficial.
• Demonstrates alignment with SBIDM's values through expected behaviours.
• Exhibits a high level of integrity, taking accountability for their work.
• Strong team player, with accountability over personal and team deliverables.
• Professional and socially engaging.