Head of Compliance

Private Advertiser; Singapore; On-site; SGD 120,000 - 160,000; Full time

Job summary

A leading fintech firm in Singapore is seeking a Head of Compliance to oversee the regulatory framework and ensure integrity in operations. This role involves advising senior management, managing KYC processes, and leading compliance training initiatives. The ideal candidate will have 12+ years of relevant experience, deep regulatory knowledge, and strong leadership skills. This role promises a dynamic work environment with a focus on strategic regulatory compliance.

Qualifications

• Bachelor’s degree in Business, Finance, Law, or a related discipline; relevant professional certifications highly valued.
• Minimum of 12 years relevant experience within a regulated financial institution.
• Deep expertise in Payment Services Act and AML/CFT regulations.

Responsibilities

• Advise senior management on financial regulations.
• Perform gap analysis on new regulations and oversee compliance procedures.
• Manage the KYC process for customers and counterparties.
• Lead the KYT process and update AML/CFT policies.
• Develop the Enterprise-Wide Risk Assessment framework.
• Deliver compliance training programs to employees.
• Escalate critical compliance issues to management.
• Represent Compliance in group-level projects.

Skills

Regulatory advisory

Risk management

Communication skills

Analytical skills

Problem-solving

Adaptability

Education

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

Job description

Job Summary

The Head of Compliance will be responsible for overseeing the regulatory framework and ensuring the firm operates with the highest standards of integrity. This individual will act as the primary liaison with regulatory bodies and provide strategic guidance to senior management on the evolving financial landscape. The ideal candidate will balance rigorous risk management with the agility required in a fast-paced fintech environment.

Key Responsibilities

• Regulatory Advisory & Liaison: Advise senior management and staff on all applicable financial regulations. Serve as the primary point of contact for the Monetary Authority of Singapore (MAS) and other relevant regulatory bodies.

• Gap Analysis & Policy Development: Perform comprehensive gap analysis on new or updated regulations. Oversee the drafting, implementation, and refinement of internal compliance procedures.

• KYC & Due Diligence: Manage the end-to-end Singapore KYC (Know Your Customer) process for customers, counterparties, and issuers. This includes reviewing documentation, performing initial due diligence, and conducting periodic ongoing reviews.

• KYT & AML/CFT Oversight: Lead the Singapore KYT (Know Your Transaction) process. Regularly review and update AML/CFT policies to align with prevailing regulatory requirements, including the management of transaction monitoring parameters and alerts.

• Risk Framework & Monitoring: Develop and maintain the Enterprise-Wide Risk Assessment (EWRA) framework in collaboration with Operational Risk Management. Implement a robust compliance monitoring program to ensure adherence to internal policies.

• Training & Culture: Develop and deliver compliance training programs to educate employees on their regulatory obligations. Collaborate with various business units to foster a proactive compliance and governance culture.

• Reporting & Audits: Escalate critical compliance issues to Management based on monitoring results. Liaise with internal and external auditors regarding all compliance-related matters.

• Strategic Projects: Represent the Compliance function in group-level IT alignment projects and participate in User Acceptance Testing (UAT). Participate in broader corporate initiatives as directed by leadership.

Requirements:

• Education: Bachelor’s degree in Business, Finance, Law, or a related discipline; relevant professional certifications (e.g., CAMS, ICA) are highly valued.

• Experience: A minimum of 12 years of relevant experience within a regulated financial institution, with a strong preference for backgrounds in banking or fintech.

• Regulatory Knowledge: Deep expertise in the Payment Services Act, Securities & Futures Act, and prevailing AML/CFT regulations.

• Leadership & Soft Skills: Strong leadership, analytical, and problem-solving abilities.

  • Proven ability to apply sound judgment to resolve complex issues in a timely manner.

  • Excellent communication and influence skills, with the ability to engage stakeholders at all levels of the organization.

• Adaptability: Proven track record of working effectively in a fast-paced, dynamic environment and adapting to rapid regulatory changes.