About Us
M-DAQ is a Singapore-headquartered financial technology company that empowers businesses and individuals in cross-border transactions by harnessing data to provide foreign exchange clarity and certainty.
Founded in 2010 with the belief that resources may be limited but aspirations are not, M-DAQ's vision is to create a World without Currency Borders™ for all to participate and thrive in the global economy.
We serve global e-commerce marketplaces, securities exchanges, financial technology companies, and corporates across 45 markets. M-DAQ Group processes S$14bn cross-border transactions annually and turned net profitable in 2018 for its core Aladdin+ business. We have offices across Singapore, Indonesia, China, Hong Kong, Japan, Korea, and the United Kingdom, and we are backed by international institutions such as Affinity Equity Partners, Ant Group, EDBI, NTT Communications, and Samsung.
About the Role
You will be reporting to the Group Head of Compliance and Operational Risk Management.
Responsibilities:
- Assist Head of Compliance to formulate and implement AML monitoring policy, to comply with applicable business model and related monitoring requirements.
- Monitor legislation, regulatory circulars and enforcement actions from Regulators and work with Head of Compliance to ensure any updates are appropriately incorporated into internal policies and procedures when required.
- Keep abreast of regulatory developments within or outside of the company as well as evolving best practices in compliance contro and maintain the regulatory obligation register.
- Develop, review and evaluate Company policies and procedures and report to identify hidden risks or common issues (gap analysis) and provide recommendation.
- Secretary of Monthly Compliance Committee meeting, ensuring that the meeting materials are prepared, draft the minutes and circulate the meeting materials nad minutes to committee members.
- Responsible for maintaining all relevant policies and procedures, track to ensure that all policies and procedures are updated.
- Reponsible for preparing AML training materials and conducting training.
- Review high-risk customer due diligence cases and escalate to senior management
- Coordinate with relevant parties on appeal cases.
- Advise on name screening hits and exceptional handling request.
- Provide advice to various stakeholders on AML related and internal policy queries.
- Help with identifying any AML/CTF loopholes and establish procedures to bridge those gaps (including raising enhancement request to Compliance Transformation team and following up on the status)
- Guide and lead the advisory team (comprising 2 staff)
- Any other tasks assigned by the supervisor
Qualifications:
- Bachelor degree from an accredited University
- Preferably from Banking/Financial Industry.
- 3 plus years work experience in a compliance function
- Strong analytical and risk assessment skills
- Strong sense of ownership and responsibility
- Meticulous, proactive and good interpersonal skills
- Effective leader and team player, self-starter
- Relevant experience in payments or financial services
- Deep understanding of retail/ commercial financial products/ services, payments industry, etc.
- Understanding of AML and Compliance regulations within the payment/ banking/ financial services industry
- High level of integrity, takes accountability of work and good attitude over teamwork
- Adaptable to dynamic environment
