Senior Compliance Consultant

About the Role

Pecuniya Compliance Solutions Pte. Ltd. is a specialist regulatory compliance consultancy serving licensed payment service providers, fund management companies, and capital markets licensees in Singapore. As we expand our payments practice, we are looking for a Senior Compliance Consultant to manage and grow a portfolio of MPI and SPI clients across the full spectrum of PSA compliance – from licensing and policy drafting to ongoing regulatory advisory, staff training, and internal audit.

Why This Role Stands Out

● Work with a diverse portfolio of MPI/SPI clients across cross-border payments, remittance, merchant acquiring, and e-wallet services – no two engagements are the same.

● Lead end-to-end MAS licence applications and represent clients in MAS engagements, inspections, and supervisory correspondence.

● Fast-growing consultancy with direct exposure to board-level and senior management stakeholders across multiple regulated firms.

● Build expertise across the full PSA regulatory lifecycle – not limited to one firm, one product line, or one compliance function.

Key Responsibilities

A. PSA Licensing & MAS Engagement

 –   Advise clients on the MPI and SPI licensing framework under the PSA and assess eligibility, licensing scope, and regulatory obligations including safeguarding requirements and base/operational capital requirements.

–   Prepare and manage end-to-end MAS licence applications (MPI/SPI), including drafting of supporting compliance policies, regulatory submissions, and responses to MAS queries.

–   Serve as the key liaison with MAS on behalf of clients for regulatory matters, inspections, correspondence, and supervisory engagements.

–   Monitor and interpret MAS Notices (including PSN01, PSN02, PSN04, and technology risk and outsourcing notices) and translate regulatory changes into actionable client guidance.

–   Oversee timely and accurate client submissions of all MAS regulatory filings, periodic returns, safeguarding attestations, and incident reports.

B. Policy Drafting & Compliance Manuals

 –   Draft and implement comprehensive compliance manuals, AML/CFT policies and procedures, technology risk policies, outsourcing policies, and BCM policies tailored to each client's licence type, business model, and risk profile.

–   Ensure all policy documents are aligned with MAS Notice PSN01/PSN02, the Guidelines to MAS Notice PSN01 (including July 2025 amendments), FATF Recommendations, and PSA safeguarding and capital requirements.

–   Design and implement effective AML/CFT frameworks and controls, including CDD, EDD, beneficial ownership identification, ongoing monitoring, sanctions screening, Travel Rule compliance, and STR reporting.

–   Review and update existing client policies to reflect regulatory changes and supervisory feedback.

C. Ongoing Compliance Advisory

–   Serve as the primary compliance adviser for a portfolio of MPI/SPI clients, providing day-to-day guidance on PSA obligations, AML/CFT requirements, and regulatory developments.

–   Conduct enterprise-wide ML/TF/PF risk assessments, including the newly mandated proliferation financing risk assessment (mandatory from 1 July 2025), and advise on risk appetite, controls, and mitigation.

–   Advise on safeguarding compliance, capital adequacy monitoring, outsourcing governance, and technology risk management as required under the PSA and applicable MAS Notices.

–   Support clients across payment verticals including cross-border remittance, merchant acquiring, e-wallet issuance, and domestic money transfer services.

–   Advise senior management and boards on emerging regulatory risks, MAS supervisory expectations, and risk-mitigating measures.

D. Training

 –   Design and deliver AML/CFT and PSA regulatory compliance training for client staff at all levels – from front-line employees to senior management and board directors.

–   Conduct senior management training on the Guidelines to MAS Notice PSN01/PSN02 covering enterprise risk assessment, CDD, wire transfers, sanctions, proliferation financing, and governance obligations.

–   Prepare training materials, case studies, knowledge assessments, and attendance records to support clients MAS training and record-keeping obligations.

–   Promote a strong culture of compliance and ethical conduct across client organisations through practical, business-aware training delivery.

E. Internal Audit & Independent Review

 –   Conduct internal AML/CFT audits for clients assessing the effectiveness of compliance controls, CDD quality, transaction monitoring, STR processes, and record keeping.

–   Lead mock MAS inspections to help clients identify and remediate compliance gaps, with a focus on deficiencies highlighted in recent MAS enforcement actions against payment institutions.

–   Coordinate with external auditors engaged by clients for independent reviews of key compliance areas, including safeguarding audits and AML/CFT independent assessments.

–   Prepare audit reports with findings, recommendations, and remediation plans for presentation to client boards and senior management.

F. Team & Client Development

 –   Mentor and guide junior compliance consultants within Pecuniya, providing technical oversight and knowledge-sharing on PSA and AML/CFT matters.

–   Contribute to business development by supporting proposals, client presentations, and the expansion of Pecuniya's payment services compliance practice.

–   Maintain and develop client relationships, ensuring the highest standards of service delivery across all engagements.

Qualifications and Experience

Required

• Bachelor's degree in Law, Finance, Accounting or related field

• Minimum 3-5 years of compliance experience in financial services

• Minimum 3 years in a senior PSA or payments compliance role

• Deep knowledge of MAS Notices PSN01, PSN02, PSN04 and related Guidelines

• In-depth AML/CFT expertise (CDD, EDD, STR, sanctions, Travel Rule)

• ACAMS, ICA, or IBF certification recognised by MAS

• Proven track record in MAS inspections and regulatory audits

• Strong client-facing or consulting delivery experience

Preferred

• MPI / SPI licensing application experience

• Cross-border remittance and payments compliance

• Merchant acquiring, e-wallet, and FinTech sector experience

• Safeguarding obligations and capital requirements advisory

• Policy and compliance manual drafting background

• Training delivery across all staff levels

• Internal audit and mock MAS inspection experience

• Compliance technology and transaction monitoring systems

Key Competencies

● Strong regulatory interpretation and risk assessment skills

● High-quality written drafting and policy documentation

● Excellent client relationship and stakeholder management

● Confident trainer and presenter at all organisational levels

● High integrity, independence, and sound professional judgment

● Proactive and detail-oriented in a fast-paced environment

● Ability to manage multiple concurrent client engagements

● Leadership ability to guide and mentor junior consultants

How to Apply

Interested candidates are invited to send their CV and a brief cover letter to [Confidential Information]. Please indicate Senior Compliance Consultant – PSA in the subject line.

Only shortlisted candidates will be notified. We regret that only candidates with relevant payment services compliance experience will be considered.