Vice President (VP) of Operations, Payments

Funding Societies | Modalku is the largest SME digital financing & payments platform in Southeast Asia. We are licensed and registered in Singapore, Indonesia, Thailand, Malaysia, and operating in Vietnam, and backed by PeakXV Partners, Softbank Vision Fund 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.
Here at Funding Societies | Modalku we live by our core values GETFS:

• 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.

As an experienced leader in the fintech industry, you will develop and execute the strategy to scale the company's operations for payments business, ensuring operational excellence and efficiency. Reporting to the Group Chief Operating Officer, you will bring deep domain expertise in payments and a strong ability to thrive in a fast-paced and agile environment. You are comfortable driving operational strategy, optimizing processes, managing risk and compliance, and building strong operations and customer experience teams to support the company's growth. Additionally, you will oversee the financial performance for payments operations, ensuring cost efficiency while enhancing service delivery and customer satisfaction.

What you will do:

• Lead and oversee the end-to-end operations for payments business, ensuring smooth execution, scalability, and continuous process optimization.
• Drive the development and implementation of operational strategies, processes, and tools that improve efficiency and scalability.
• Monitor and analyze operational performance metrics to identify areas for improvement, driving continuous innovation in payment processes.
• Manage relationships with internal stakeholders to ensure alignment and seamless integration of payment operations with other critical functions, such as Sales, Partnerships, Compliance, Finance, etc.
• Work closely with product and technical teams to suggest and implement product design enhancements that will streamline and improve operations.
• Lead operational aspects of partnerships with schemes, financial institutions and PSPs, to set up, optimize and maintain infrastructure for the FSMK payments business.
• Manage Compliance Operations to ensure that payment processes adhere to local and international regulatory requirements, maintaining the highest standards of risk management and compliance. Collaborate with the Compliance team to address broader regulatory issues and ensure alignment.
• Manage Finance Operations to ensure accurate and timely reconciliation, settlement, and reporting of all payment transactions, while optimizing cost efficiency and resource allocation.
• Manage Customer Experience Operations to enhance overall service delivery and improve customer satisfaction, ensuring timely resolution of payment-related issues.
• Stay updated on industry trends, regulatory changes, and best practices in payments, compliance, finance, and customer service to ensure operational excellence.

What we are looking for:

• 12+ years of experience in financial services or fintech/payments, with a focus on operational leadership, including operational risk and compliance management.
• Deep understanding of financial services, payment systems, and operational risk management.
• Proven experience in both startup/small firm environments as well as larger corporate settings, with a track record of scaling operations.
• Experience building operational structures from the ground up, as well as leading key strategic initiatives within larger organizations.
• Experience managing and leading teams of 15+ people, being a leader of leaders.
• Strong industry network and a track record of collaboration with regulatory bodies.
• Strong growth mindset and servant leadership in alignment with our core values.

Benefits:

• Time off: We would love you to take time off to rest and rejuvenate. We offer flexible paid vacations as well as many other observed holidays by country. We also like to have our people take a day off for special days like birthdays and work anniversaries.
• Flexible working: We believe in giving back the control of work & life to our people. We trust our people and love to provide the space to accommodate each and everyone's working style and personal life.
• Medical benefits: We offer health insurance coverage for our employees and dependents. Our people focus on our mission knowing we have their backs for their loved ones too.
• Tech support: We provide a company laptop for our employees and the best possible support for the right equipment/tools to enable high productivity.