Compliance Officer (Payment Licence Application/Payment Service)

Compliance Officer (Payment License Application)

Job Summary

The Compliance Officer is responsible for managing regulatory compliance matters related to payment services and licensing requirements. This role serves as the primary liaison with regulators, supports payment licence applications, and ensures ongoing adherence to applicable laws, guidelines, and supervisory expectations. The position involves developing robust compliance frameworks, advising internal stakeholders, and maintaining high standards of governance, risk management, and regulatory reporting.

Key Responsibilities

• Act as the main point of contact with regulatory authorities for compliance-related matters, including correspondence, submissions, inspections, and supervisory engagements

• Ensure compliance with the Payment Services Act and relevant regulatory notices, guidelines, and circulars

• Monitor regulatory developments and assess their impact on business operations

• Support and manage payment licence applications, including preparation of documentation and responses to regulatory queries

• Maintain licensing conditions and ensure ongoing compliance with regulatory requirements

• Prepare and submit regulatory filings, periodic returns, and ad-hoc reports

• Develop, review, and maintain internal compliance policies and procedures, including:

  • AML/CFT

  • KYC / KYB

  • Sanctions screening

  • Transaction monitoring

  • Risk assessment and governance frameworks

• Ensure internal policies align with regulatory expectations and industry best practices

• Oversee the implementation of AML/CFT controls in accordance with applicable regulatory requirements

• Conduct compliance risk assessments, gap analyses, and remediation planning

• Support internal and external audits, regulatory reviews, and follow-up actions

• Provide compliance advisory support on new products, partnerships, and operational initiatives

• Review contracts, business models, and partnerships from a regulatory perspective

• Conduct compliance training and awareness programmes for employees

• Prepare compliance reports for senior management and governance committees

• Escalate material compliance issues, breaches, and regulatory risks in a timely manner

Requirements and Qualifications

• Bachelor's degree in Law, Finance, Business, Risk Management, Compliance, or a related discipline

• Professional compliance certifications (e.g. CAMS, ICA, ACAMS) are an advantage

• Relevant experience in compliance within payment services, fintech, banking, or financial institutions in Singapore

• Demonstrated experience in engaging with regulatory authorities

• Experience supporting or managing payment license applications or regulatory approval processes is preferred

• Strong knowledge of the Payment Services Act and regulatory framework

• Good understanding of:

  • Payment processing and settlement flows

  • AML/CFT frameworks

  • KYC/KYB requirements

  • Safeguarding of customer funds

  • Outsourcing and technology risk management guidelines

• Knowledge of cross-border payment and remittance compliance is an advantage

• Strong analytical, organisational, and communication skills

• High level of integrity and professionalism

• Ability to work independently and manage multiple priorities effectively
  
  If interested, please submit your application to [Confidential Information] with your expected salary and resume.

  We regret that only short-listed candidates will be contacted shortly. By submitting your application or resume, you agree to the collection, use, retention, and sharing of your personal information with potential employers for their assessment.

  JDA WMS Pte Ltd | EA Personnel: Pham Thi Tuyet Mai

  EA License No: 23S1595 | EA Registration No: R25127838