Independent Reserve SG (IR SG) is looking for an experienced Compliance Manager with a strong understanding of regulatory frameworks and a proactive approach to ensuring compliance. You will be a key member of staff and manage the ongoing compliance and regulatory obligations of IR SG, as well as the retail and institutional customer onboarding processes.
IR SG holds a Major Payment Institution (MPI) License issued by the Monetary Authority of Singapore (MAS) under the Payment Services Act. IR SG requires a local compliance professional to support our ongoing growth in Singapore and the broader Asia-Pacific region.
To be successful in this role, you will be a meticulous professional who is committed to ensuring adherence to industry regulations and maintaining the highest standards of integrity.
Your key responsibilities for IR SG will include:
- Overseeing and managing the Compliance function and ensuring that the operations and conduct of IR SG are compliant with regulatory and licensing requirements, e.g., the Payment Services Act in Singapore.
- Managing the Singapore KYC and verification process for onboarding all customer types. This involves managing all key stakeholder communication, reviewing client documents and conducting external information searches where required.
- Performing the role of Money Laundering Reporting Officer (MLRO) for IR SG. This includes the management, implementation and ongoing review and update of appropriate AML/CFT policies and procedures in line with the prevailing risk management framework and regulatory requirements and maintaining an internal reporting process for handling Suspicious Transaction Reports.
- Establishing and maintaining best practices, policies and procedures for all compliance obligations for a Major Payments Institution License holder.
- Regularly engaging with Business Development, Finance, and Operations teams to complete customer due diligence and be the decision-maker on any accounts that require enhanced due diligence measures.
- Actively engaging with the relevant stakeholders to provide for the appropriate controls (in policy and procedure form) in relation to new business lines and permutations.
- Being the first point of contact for any regulatory queries (e.g., from MAS) and external investigations/audits.
- Working with the Group Head of Risk to regularly review and implement changes to the risk and compliance framework as required.
- Reviewing and drafting client agreements, privacy policy and vendor engagement contracts.
- Actively monitoring regulatory notices and developments in Singapore and other international jurisdictions that might impact the operations of IR SG as well as other relevant jurisdictions within Asia.
- Escalating regulatory compliance issues or material incidences of non-compliance to the Group Head of Risk and Board of IR SG.
- Reviewing and submitting regulatory reports to the regulators.
- Preparing and presenting compliance and regulatory updates to the IR SG Risk Committee and other management committees as required.
- Overseeing compliance training of employees.
About you
- A minimum of 8-10 years experience working in a Compliance function in a regulated financial services institution.
- Expertise in financial services regulation in Asia Pacific, specifically the Payment Services Act in Singapore.
- A thorough knowledge base in the digital currency industry (essential) and a working knowledge of derivatives products, platforms and regulations (preferred).
- Proven experience with dealing with regulatory authorities, with experience directly engaging with MAS highly regarded.
- Ability to work collaboratively with the Head of Risk, broader compliance team, CEO and Risk committee of IR SG as well as the Australian parent company.
- Familiarity with MASnet, MAS-TX and other regulator portals.
- Skilled at identifying any gaps in process and compliance frameworks and implementing tailored solutions.
- Leadership and key stakeholder engagement skills and experience required.
- Must be a disciplined self-starter with a significant degree of analytical rigour and attention to detail.
- A high degree of motivation, adaptability and proactiveness.
- Exceptional interpersonal skills and an ability to work unsupervised in a structured manner.
- Strong written and verbal communication skills are essential.
- A bachelor's degree or higher; Finance or Law preferred.
What we offer
- A competitive salary.
- A challenging and rewarding role in the dynamic crypto industry.
- A winning, fun, hard-working team.
- An international work environment where your opinion counts.
- Ongoing learning and support.
- Great career development opportunities in a growing company.