Financial Compliance Crime (“FCC”) Manager

FOMO PAY PTE. LTD.; Singapore; On-site; SGD 80,000 - 100,000; Full time

Job summary

A leading financial technology firm in Singapore seeks a Compliance Officer to assist in regulatory compliance, perform gap analysis, and manage KYC processes. The ideal candidate will have a Bachelor's degree and at least 8 years of relevant experience in a regulated environment. This role offers a competitive compensation package and opportunities for career advancement.

Benefits

Competitive Compensation and Benefit Package

Group Hospitalisation and Medical Insurance

Career Advancement

Professional Development Training Workshops

Team Building Sessions

Qualifications

• Minimum 8 years of relevant work experience in a Singapore regulated financial institution.
• Sound judgment in identifying risks to escalate to Management.
• Ability to review and analyze data/situations effectively.

Responsibilities

• Assist Head of Compliance in ensuring compliance with FCC regulations.
• Perform gap analysis on new/updated FCC regulations.
• Draft and implement FCC procedures.

Skills

Knowledge of the Payments Services Act

Good analytical skills

Meticulous and detail-oriented

Team player

Proficient in time management

Education

Bachelor’s degree in Finance, Law, Business, or related discipline

Job description

Overview

About FOMO Pay

Founded in 2015, FOMO Pay is a Major Payment Institution licensed in Singapore, Hong Kong and the United Arab Emirates (UAE). The firm has become a leading one-stop digital payment, digital banking, and digital asset solution provider. It is currently building Asia's fully licensed financial platform, helping institutions and businesses connect between traditional and next-generation financial services. The firm offers its three flagship products:

• FOMO Payment – One-stop digital payment solution for merchants, corporates and financial institutions
• FOMO iBank – Facilitate businesses' everyday requirements for transactional banking needs
• FOMO Treasury – One-stop digital asset services provider bridging Web 2.0 & Web 3.0

Responsibilities

• Assist Head of Compliance in ensuring compliance with FCC regulations which FOMO Pay is subjected to
• Perform gap analysis on new/updated FCC regulations
• Drafting & Implementation of FCC procedures
• Managing the Singapore KYC process. This includes the review and update of AML/CFT policies and procedures in line with the prevailing regulatory requirements and review of the transaction monitoring alerts, including appropriateness of transaction monitoring parameters
• Escalating issues to Head of Compliance and Management following results of FCC Compliance monitoring/reviews
• Performing the EWRA in conjunction with Operational Risk Management
• Developing and delivering training to educate employees on their FCC obligations and responsibilities
• Representing Compliance in Group related alignment IT projects, including participating in UAT
• Oversee the Financial Crime Compliance teams
• Collaborate with the Group business units to foster a positive compliance and governance culture through effective compliance awareness, engagement, advisory and monitoring programs

Requirements

• Bachelor’s degree in Finance, Law, Business, or a related discipline
• Minimum 8 years of relevant work experience in a Singapore regulated financial institution
• Knowledge of the Payments Services Act, and prevailing AML/CFT regulations
• Sound judgment in identifying risks in order to proactively escalate to Management
• Meticulous with good analytical skills, detail-orientated, team player, proficient in time management and able to represent Compliance in Group projects
• Demonstrate ability to effectively review and analyse data/situation and apply judgement to resolve issues in a timely manner

Our Perks and Benefits

• Competitive Compensation and Benefit Package
• Group Hospitalisation and Medical Insurance
• Fun and Dynamic Environment with plenty of learning and growth opportunities
• Career Advancement
• Professional Development Training Workshops
• Team Building Sessions