- Bachelor’s Degree in Finance, Business or related field, Master’s Degree, FRM, IRM-ERM or other advanced compliance-related certifications holders are preferred (e.g. CAMS, CFE etc.)
- 10-15+ years of experience in in the financial industry covering financial crimes risk management, business-to-business payments, technology or operational risks experience in payments or financial services.
- Strong working knowledge in Financial Crimes subject matter across AML, Anti-Bribery Corruption, and Sanctions
Our client is a renowned and global payment firm backed by 4 renowned FIs.
Designed as a global shared ledger, the firm aims to disrupt the traditional cross-border payment by leveraging on blockchain technology to reduce current frictions and latency, minimizing post transaction exception handling and reconciliation activities.
Key distinguishing features are around privacy solution, complete decentralized hosting and consensus efficiency – providing a commercial scalability which enables it to be a platform of choice for hosting multiple CBDCs and commercial bank digital currencies.
To encourage broad participation across the banking industry, the firm will be actively engaging leading banks to join the platform to establish the scale required to benefit the industry. The platform will start with a focus on facilitating flows primarily between Singapore-based banks in both USD and SGD, with the intent to expand service offerings to other markets and in various currencies.
For this role, you are doing a broad compliance and ERM role and reporting to the Head of Compliance.
Responsibilities
Enterprise Risk Management (“ERM”)
- Develop and maintain a Fit-for-Fintech startup ERM strategy, framework and methodology, and translate them into implementation plans.
- Drive and facilitate the implementation and adoption of the risk management framework, programmes, and processes across the organization.
- Collaborate closely with the entities and functional leads to facilitate effective identification, assessment, mitigation, and monitoring of risks.
- Oversee the periodic reporting of risks to the management and senior stakeholders.
- Develop a centre of excellence for risk matters within the team, and build risk management capabilities and awareness across the organization.
- Promote and develop a culture that embraces the management of risks.
Core Compliance Program
- Develop and implement a Fit-for-Fintech compliance framework/program
- Develop and maintain a risk-based Sanctions and Anti-Bribery & Corruption (ABC) Risk Management program to assure compliance with all relevant laws, rules, and regulations.
- Provide leadership and collaboration with the Business, Legal and other internal functions to ensure the effective implementation of the Compliance program requirements across the firm.
- Direct the development and implementation of compliance policies, procedures and controls across the organization.
- Partner with business leaders to instill and embed a culture ofcompliance
- Develop and maintain critical relationships with the regulators, be instrumental in defining and shaping digital assets and emerging technologies regulation.
Financial Crime (“FinCrime”) Program
- Build and implement an enterprise-wide Fit-for-Fintech Financial Crime (“FinCrime”) Compliance program, to include Anti-Money Laundering (“AML”), and Sanctions Compliance
- Establish and ensure reporting of the firm’s FinCrime enterprise-wide FinCrime risk appetite statement and the execution of enterprise-wide FinCrime risk assessments
- Oversee the development of an appropriate FinCrime training program
- Interface with leadership across the business and functions to advise on FinCrime risks and operational or control issues
Key Professional Requirements
- Bachelor’s Degree in Finance, Business or related field, Master’s Degree, FRM, IRM-ERM or other advanced compliance-related certifications holders are preferred (e.g. CAMS, CFE etc.)
- 10-15+ years of experience in in the financial industry covering financial crimes risk management, business-to-business payments, technology or operational risks experience in payments or financial services.
- Strong working knowledge in Financial Crimes subject matter across AML, Anti-Bribery Corruption, and Sanctions
- Good understanding of MAS (or G7 countries) regulatory compliance requirements. Knowledge of the global regulatory environment/practices is preferred.
- Good knowledge of payments, decentralized finance (DeFi) and blockchain is preferred.
Preferable Individual qualities
Looking for an individual who is:
- A highly motivated leader who is resilient and resourceful.
- Hands-on entrepreneurial mindset (i.e., “get stuff done” mentality).
- Excellent management to work with internal and external stakeholders as well as strong leadership skills.
- Thrive within an area of ambiguity, where there may not be precedents. Passionate to develop an internal controls framework in the web3 space.
- Solution-driven: Practical and resourceful, able to identify risks and formulate practical risk- based approach solutions.
- Excellent written and oral communication skills.
To apply, pl send your cv in word doc to [email protected] . Pl also include details on your current salary, expected salary and notice period in your cv.
We regret to inform that only shortlisted candidates will be notified.
Posted by:
CAP Consulting (EA license: 14C7175)
Caroline Poh (EA Registration: R1105649)
Date ad is posted - 8 December 2023
