SVP, Compliance

As the Compliance lead, you are responsible for overseeing compliance within the NETS group of companies and ensuring compliance with laws, regulatory requirements, policies and procedures which help the organization maintain their legal and ethical integrity.

You will be responsible for designing compliance programs, guiding and educating the management on compliance matters, monitoring developments and updating knowledge on regulatory changes, and applying for relevant licenses in response to new business initiatives.

Key Responsibilities

• Responsible for the compliance framework; develop and implement a consistent approach to the Compliance programs, policies and practices for the NETS group of companies.

• Ensure operations and business transactions of the organization follow relevant legal and internal rules by developing and implementing an effective, efficient and proactive compliance program consisting of auditing processes, documents and practices.

• Lead a team and guide them in working hand in hand with the business units to identify and manage regulatory risk including handling time critical incident reporting to the authority.

• Create and oversee control systems to deal with or prevent violations of legal guidelines and internal policies, evaluate the efficiency of controls and continuously improve them, and revise procedures, reports, etc. regularly to identify hidden risks or reasons for non-conformity.

• Inform and train employees on matters that are associated with regulations and industry practices.

• Evaluate business initiatives and assess compliance risks.

• Work collaboratively with internal stakeholders and external consultants/auditors when needed.

• Prepare appropriate compliance reports with regulatory agencies.

Requirements

• Degree holder in law (preferred), finance, business, accounting or related disciplines with at least 10 years of relevant experience in a regulated financial industry.

• Knowledge of policies, processes, standards, rules and interpretations, guidance and controls and systems related to the financial industry is advantageous, e.g. subject matter expertise in AML/CTF regulations, investigative practices in the payment industry.

• Track record in performing gap analysis and improvement plans, and advising management, Board members of key implications.

• Regulatory filing and execution of compliance assurance programs.

• Experience with successful license applications.

• Excellent problem-solving skills and ability to prioritize and manage multiple tasks.

• An excellent team player with strong interpersonal and communication skills to deal with a broad range of stakeholders.

• Strong in documentation and report writing skills.