Head of Compliance & MLRO (Pre-Licensing)

Payful; Singapore; Vor Ort; SGD 180.000 - 300.000; Vollzeit

Zusammenfassung

Payful is seeking a Head of Compliance to lead the MPI licence application with MAS and to build the compliance framework from the ground up. The role requires hands-on leadership and regulatory engagement.

As MLRO upon licensing, you will oversee AML/CFT controls, monitor transactions, and train staff while coordinating with senior management to navigate PS Act and PSN01 requirements.

Qualifikationen

• Five+ years of relevant experience.
• Familiar with the payments/fintech industry and regulations.
• Strong knowledge of the MAS Payment Services Act and PSN01.
• Hands-on experience preparing and submitting an MPI licence application to MAS.
• Regulatory engagement experience with MAS or equivalent authorities.
• Fundamental knowledge of AML/CFT, technology risk management, risk and governance.
• Strong English communication skills; proficiency in Chinese are advantageous.

Aufgaben

• Lead the preparation and submission of the MPI licence application to MAS, including compliance documentation, policies and responses to MAS queries.
• Primary contact for requests by MAS and/or other relevant authorities throughout the application process and beyond.
• Build and implement the compliance framework to meet PS Act, MAS PSN01 and other laws.
• Act as designated MLRO upon licensing; oversee SAR monitoring and timely filing of STRs.
• Work with HO and local management to identify and manage regulatory risk.
• Maintain open lines of communication with decision makers and stakeholders on regulatory changes.
• Create and implement organizational policies, standards and procedures, with adequate risk controls and training.

Kenntnisse

Payments industry knowledge

MAS PS Act knowledge

Licence application experience

Regulatory engagement

AML/CFT knowledge

English proficiency

Chinese language advantageous

Jobbeschreibung

Entity: Major Payment Institution (MPI) applicant — licence application to be submitted to MAS

The Head of Compliance (“HoC”) will provide professional support and has overall management responsibility and oversight on all compliance and regulatory matters, including leading the MPI licence application and building the compliance framework from the ground up. Upon licensing, the HoC will serve as the designated Money Laundering Reporting Officer (MLRO). Key duties of the HoC include:

• Leading the preparation and submission of the MPI licence application to MAS, including compliance documentation, policies and responses to MAS queries;
• Primary contact for requests by MAS and/or other relevant authorities throughout the application process and beyond;
• Building and implementing the compliance framework to meet the requirements of the Payment Services Act (“PS Act”), MAS Notice PSN01 and other relevant laws and regulations, as well as internal policies and bylaws;
• Acting as designated MLRO upon licensing, overseeing suspicious transaction monitoring and ensuring STRs are filed in a timely manner;
• Working hand in hand with HO and local management and staff to identify and manage regulatory risk;
• Maintaining open lines of communication with all relevant decision makers and stakeholders in order to keep all parties informed of regulatory changes;
• Creating and implementing organizational policies, standards and procedures, as well as adequate risk controls, to comply with applicable regulations;
• Organizing regular training sessions for employees in order to efficiently communicate key regulatory changes and updates.

Your profile

• Five plus years of relevant experience;
• Familiar with the payments or fintech industry and regulations;
• Strong knowledge of the MAS Payment Services Act and PSN01;
• Hands-on experience preparing and submitting an MPI licence application to MAS is essential;
• Regulatory engagement experience with MAS or equivalent authorities;
• Fundamental knowledge of AML/CFT, technology risk management, risk and governance;
• Strong English communication skills; proficiency in Chinese are advantageous.