Responsibility
Licensing and regulatory lead
- Assist in end-to-end applications for required payment services licences in Singapore - Digital Payment Tokens under MAS regulatory framework.
- Act as point of contact with MAS and other authorities. Manage queries, interviews, onsite inspections and post-licensing conditions.
MLRO duties
- Serve as MLRO for XTransfer (Singapore).
- Design, implement and update the AML/CFT framework, including business-wide risk assessment, CDD/KYC/eKYC standards, screening, transaction monitoring, investigation and STR submissions to AMLO.
- Oversee sanctions and high-risk country controls consistent with local requirements and XTransfer global policy.
Policy, oversight and governance
- Localise group AML policies to Singapore law and MAS guidelines. Ensure procedures cover onboarding, ongoing due diligence, record-keeping and data privacy (PDPA).
- Provide second-line oversight of Singapore operations. Review product features and partner arrangements for compliance impact before launch.
- Coordinate internal and external audits. Track remediation to closure and report to senior management and HQ.
Regulatory engagement and reporting
- Prepare regulatory correspondence and required reports in English.
- Build and maintain constructive working relationships with regulators and partner banks in Singapore.
- Monitor regulatory developments and brief management on changes and implementation plans.
Training and culture
- Deliver periodic training to first-line teams and management on Singapore regulatory requirements, AML/CFT and sanctions.
- Promote a strong compliance culture and speak-up environment.
Cross-border coordination
- Work closely with CO/MLROs in other countries and the HQ risk and compliance teams to align standards.
- Ability to explain complex compliance topics to a wide range of stakeholders including regulators, business and supporting functions to drive positive impact and outcome.
- Support group-level risk assessments and contribute Singapore inputs to global reporting to the CRO.
Job Qualification
- Bachelor's degree with relevant work experience (e.g. preferably appointment as the compliance officer, MLRO or Deputy MLRO experience in Singapore is an advantage.)
- 8+ years of financial experience in the compliance, risk, AML/CTF or Sanctions Screening disciplines
- Strong command of Singapore payment services regulations, MAS notifications, PSN02 and web 3 payment compliance.
- Certified Anti-Money Laundering Specialist (CAMS) certification or equivalent is preferred
- Able to work in a fast-paced, impact-driven environment
