Regulatory Compliance (IT) Specialist

NETS; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

NETS, a leading payments services group in Singapore, seeks a Compliance role to ensure adherence to regulatory requirements across the organisation. The role acts as the compliance advisor for multiple departments, guiding business decisions to mitigate risk while supporting company objectives.

Responsibilities include drafting policies, performing compliance testing, conducting training, and delivering monthly reports to senior management and the Board.

Qualifications

• Strong analytical skills and keen attention to detail.
• Excellent problem-solving skills and ability to prioritize and manage multiple tasks.
• Strong team player with a proven track record of working well in a collaborative environment.
• Strong interpersonal and communication skills.
• Strong documentation and report-writing skills.
• Self-driven with the ability to operate independently.

Responsibilities

• Ensure compliance with applicable laws, rules and regulations and apply sound ethical judgment regarding business practices and conduct.
• Work with business units to identify and manage regulatory risk including incident reporting to the authority.
• Assess risk when business decisions are made, considering the company’s reputation and stakeholders’ interests.
• Draft and implement organizational policies, standards and procedures to comply with regulations.
• Develop, implement, and execute compliance testing, assurance, and reporting of reviews.
• Conduct training to improve awareness of control requirements stated in IT standards or industry practices.
• Manage regulatory requests, prepare responses and inform senior management of significant compliance matters.
• Manage monthly compliance reporting to Senior Management and Board.
• Drive adhoc regulatory projects with stakeholders for successful implementation.

Skills

Analytical skills

Problem-solving

Team player

Interpersonal skills

Documentation & reporting

Self-driven

Education

Degree in CS / IT / InfoSec / Economics / Accounting (or related)

Job description

The NETS Group is a leading payments services group, enabling digital payments for merchants, consumers and banks across the entire payments value chain.

The Group operates Singapore’s national debit scheme enabling customers of DBS Bank/POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank and UOB to make payments using their ATM cards or mobile devices at more than 130,000 acceptance points in the country as well as online payments.

Position Summary

This role is responsible for ensuring the company’s adherence to all related and relevant compliance regulations. He/She will be the compliance advisory for various departments and collaborate with them to ensure compliance with all applicable regulations while achieving the organization’s goals.

Key Responsibilities

• Ensure compliance with applicable laws, rules and regulations and apply sound ethical judgment regarding business practices and conduct.
• Work hand in hand with the business units to identify and manage regulatory risk including handling incident reporting to the authority.
• Assess risk when business decisions are made, with due consideration for the company’s reputation and key stakeholders’ interests.
• Draft and implement organizational policies, standards and procedures to comply with applicable regulations.
• Develop, implement, and execute compliance testing, continuous assurance, and reporting of compliance testing reviews.
• Conduct training to improve awareness of control requirements stated in IT standards, and/or any industry good practices.
• Manage regulatory requests, prepare responses and inform the senior management of significant compliance matters that require their attention or action in a timely manner.
• Manage monthly compliance reporting to Senior Management and Board.
• Drive adhoc regulatory projects assigned, including engagement of business stakeholders for successful implementation.

Requirements

Education & Experience

• Degree in Computer Science, Information Technology, Information Security, Economics, Accounting, or related disciplines
• At least 5 years of compliance experience in a regulated financial industry.

Skills & Knowledge

• Strong analytical skills with keen attention to detail
• Excellent problem-solving skills and ability to prioritize and manage multiple tasks
• Strong team player with a proven track record of working well in a collaborative environment
• Strong interpersonal and communication skills
• Strong documentation and report writing skills
• Self-driven with the ability to operate independently

Network for Electronic Transfers (Singapore) Pte Ltd.