SVP, Compliance

NETS; Singapore; On-site; SGD 180,000 - 300,000; Full time

Job summary

NETS Group, a leading payments services group in Singapore, seeks a Compliance Lead to oversee compliance across the NETS group and ensure adherence to laws, regulatory requirements, and internal policies.

You will design and implement compliance programs, guide management on regulatory changes, monitor developments, oversee licensing processes, train employees, and coordinate with internal teams and external auditors to maintain legal and ethical integrity.

Qualifications

• Must have knowledge of AML/CTF regulations and investigative practices in the financial industry.
• Experience performing gap analyses and advising management and boards.
• Experience with regulatory filings and compliance assurance programs.
• Experience with license applications in regulated environments.

Responsibilities

• Develop and implement a consistent compliance framework across the NETS group.
• Ensure operations follow legal and internal rules with auditing processes and documentation.
• Lead a team and collaborate with business units to manage regulatory risk, including incident reporting.
• Create and oversee control systems to prevent violations and continuously improve procedures.
• Inform and train employees on regulatory matters and industry practices.
• Evaluate business initiatives for compliance risks and mitigation plans.
• Coordinate with internal stakeholders and external auditors as needed.
• Prepare regulatory compliance reports for agencies and authorities.

Skills

Regulatory knowledge

Leadership

Communication skills

Documentation & reporting

Problem-solving

Stakeholder management

Education

Law degree (preferred)

Finance / Business / Accounting degree

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.

As the Compliance lead, you are responsible for overseeing compliance within the NETS group of companies and ensuring compliance with laws, regulatory requirements, policies and procedures which help the organization maintain their legal and ethical integrity.

You will be responsible for designing compliance programs, guiding and educating the management on compliance matters, monitoring developments and updating knowledge on regulatory changes, and applying for relevant licenses in response to new business initiatives.

Key Responsibilities

• Responsible for the compliance framework; develop and implement a consistent approach to the Compliance programs, policies and practices for the NETS group of companies.

• Ensure operations and business transactions of the organization follow relevant legal and internal rules by developing and implementing an effective, efficient and proactive compliance program consisting of auditing processes, documents and practices.

• Lead a team and guide them in working hand in hand with the business units to identify and manage regulatory risk including handling time critical incident reporting to the authority.

• Create and oversee control systems to deal with or prevent violations of legal guidelines and internal policies, evaluate the efficiency of controls and continuously improve them, and revise procedures, reports, etc. regularly to identify hidden risks or reasons for non-conformity.

• Inform and train employees on matters that are associated with regulations and industry practices.

• Evaluate business initiatives and assess compliance risks.

• Work collaboratively with internal stakeholders and external consultants/auditors when needed.

• Prepare appropriate compliance reports with regulatory agencies.

Requirements

• Degree holder in law (preferred), finance, business, accounting or related disciplines with at least 10 years of relevant experience in a regulated financial industry.

• Knowledge of policies, processes, standards, rules and interpretations, guidance and controls and systems related to the financial industry is advantageous, e.g. subject matter expertise in AML/CTF regulations, investigative practices in the payment industry.

• Track record in performing gap analysis and improvement plans, and advising management, Board members of key implications.

• Regulatory filing and execution of compliance assurance programs.

• Experience with successful license applications.

• Excellent problem-solving skills and ability to prioritize and manage multiple tasks.

• An excellent team player with strong interpersonal and communication skills to deal with a broad range of stakeholders.

• Strong in documentation and report writing skills.

Network for Electronic Transfers (Singapore) Pte Ltd.