Company Overview
Xl Ventures Pte Ltd is a Singapore-based fund management company holding a Venture Capital Fund Manager (VCFM) licence issued by the Monetary Authority of Singapore. The firm focuses on venture capital investments in the energy-transition sector, decarbonisation of the hard to abate sectors, and operates within the regulatory framework applicable to VCFMs.
Role Purpose
The Executive Director will serve as a member of the Board and part of the senior management team, supporting the CEO in the day-to-day management, regulatory compliance, and strategic execution of the firm. The role ensures the FMC maintains robust governance and meets all MAS regulatory expectations.
Key Responsibilities
1. Management & Operations
- Support the CEO in overseeing daily operations of the FMC.
- Execute business strategies, investment processes, and operational initiatives.
- Ensure proper documentation and execution of investment decisions.
2. Regulatory Compliance & Liaison
- Ensure ongoing compliance with requirements set by the Monetary Authority of Singapore for VCFM licence holders.
- Work closely with compliance and external advisors on regulatory matters, filings, and audits.
- Maintain and implement policies covering AML/CFT, risk management, and internal controls.
3. Investment Oversight
- Participate in sourcing, evaluating, and monitoring venture capital investments.
- Contribute to investment committee decisions where applicable.
- Ensure investment activities align with stated fund mandate and MAS VCFM requirements.
4. Risk Management & Controls
- Assist in identifying operational, financial, and regulatory risks.
- Ensure appropriate internal controls and governance frameworks are implemented and maintained.
- Monitor compliance breaches and oversee remediation actions.
5. Board Responsibilities
- Actively participate in board meetings and decision-making.
- Provide informed input on strategic, financial, and operational matters.
- Uphold fiduciary duties to act in the best interests of the company and its investors.
6. Stakeholder Management
- Engage with investors, service providers (e.g., administrators, auditors, legal counsel), and regulators where required.
- Support fundraising, reporting, and investor communications.
Regulatory & Fit-and-Proper Requirements
The candidate must:
- Meet the fit and proper criteria established by the Monetary Authority of Singapore (integrity, competence, financial soundness).
- Possess relevant experience in fund management, financial services, or venture capital.
- Have a clean regulatory and compliance track record.
Preferred Qualifications & Experience
- 5–10+ years of experience in:
- Venture capital / private equity / fund management
- Financial institutions or regulated environments
- Strong understanding of Singapore regulatory framework, particularly VCFM regime.
- Experience in operations, compliance, or investment management.
- Professional qualifications in finance, law, or business are advantageous.
Time Commitment
- Full-time or substantial part-time involvement depending on company scale.
- Active engagement in operational and board-level responsibilities.
Compensation
- May include:
- Salary (if executive capacity is full-time)
- Bonus / profit participation / carry
- To be determined based on experience and scope of responsibilities.
Reporting Line
- Reports to the Board of Directors.
- Works directly with the CEO and other key function holders (e.g., Compliance, Risk).
