Aspire is the leading all-in-one finance operating system for growing businesses. We are on a mission to reinvent business finance for a new generation of entrepreneurs and business owners, empowering startups and SMBs to realise their full potential.
Founded in 2018, Aspire has raised over USD 300M+ across equity and debt from world-class investors. In 2023, we successfully closed an oversubscribed USD 100 million Series C equity round led by Sequoia Capital and Lightspeed Ventures with participation of Tencent, Paypal Ventures, LGT Capital Partners, Picus Capital and MassMutual Ventures. To power our solutions, we have partnered with some of the best companies in the world such as JP Morgan, Visa and Wise and helped more than 50,000 businesses using our suite of products.
Aspire has been awarded Best Employer of the Year and Startup of the year by Asia FinTech Awards, and also LinkedIn's Top Startup in Singapore. In 2024, we also made it to CB Insights Top 100 Global Fintech List two years in a row.
You will be amazed by the energy and experience of our team! Aspire serves as an environment for you to innovate and drive change with our team of ex-entrepreneurs, ex-founders, and high-achievers with international and diverse backgrounds. Are you a top talent who is passionate about entrepreneurship Join our rapidly growing team to make an impact in the Fintech space!
About The Role
The Compliance Officer & MLRO will report to the Group Head of Compliance and be responsible for leading all activities related to the maintenance of, and compliance with, our payments and capital markets licences in Singapore. That will include responsibility for regulatory compliance, managing liaison with the Monetary Authority of Singapore (MAS), and serving as the appointed Money Laundering Reporting Officer (MLRO) responsible for the AML/CTF framework. This role is critical to Aspire's ambition of upholding the highest standards of compliance, and maintaining a strong collaborative relationship with the regulator.
Key Responsibilities
Manage all regulatory liaison, including responding to requests for information and developing a strong collaborative relationship with MAS
Ensure ongoing compliance with applicable MAS regulations, guidelines, and notices (e.g., AML/CFT, Safeguarding, Outsourcing, TRM)
Lead all regulatory submissions including license variations, regular returns, breach notifications, and ad-hoc requests
Serve as the appointed Money Laundering Reporting Officer (MLRO) and the key point of contact for all AML/CFT matters
Investigate and assess suspicious transactions, prepare Suspicious Transaction Reports (STRs), and submit them to the Suspicious Transaction Reporting Office (STRO).
Review, approve and provide advice to the business on high risk clients, transactions and events.
Conduct horizon scanning and support the business in complying with new or updated regulatory requirements and best practice
Review and maintain policies, standard operating procedures, and internal controls for compliance with the Payment Services Act, and the Securities and Futures Act.
Monitor and conduct audit of the operational execution of the compliance policies.
Assist in internal and external audits of compliance and regulatory processes and procedures.
Develop content for internal training sessions on the regulatory and compliance framework for the company
Minimum Qualifications
Minimum 8 years of work experience in regulatory compliance in fintech or payments
Strong working knowledge of MAS regulations under the Payment Services Act (PSA) and Securities and Futures Act (SFA)
Previous experience of liaising directly with the Monetary Authority of Singapore's Payments and/or Capital Markets Division on regulatory and AML/CTF matters
Demonstrated experience handling STR investigations, submissions to the STRO, transaction monitoring, and CDD/EDD reviews.
Excellent spoken and written English
Preferred Qualifications
Previous experience of using MASNET for submissions to the regulator
Independent worker with strong analytical skills and the ability to make sound compliance/regulatory recommendations
Strong team player to work with various internal stakeholders to effectively implement the compliance program
CAMS, ICA or other equivalent compliance certification
By submitting this application, I confirm that all the information given by me in this application for employment and any additional documents attached hereto are true to the best of my knowledge and that I have not wilfully suppressed any material fact. I confirm I have disclosed if applicable any previous employment with Aspire. I accept that if any of the information given by me in this application is in any way false or incorrect, my application may be rejected, any offer of employment may be withdrawn or my employment with Aspire may be terminated summarily or I may be dismissed. By submitting this application, I agree that my personal data will be processed in accordance with Aspire's Candidate Privacy Notice
