Regulatory Compliance Manager

Who we are
Over the last 18 years, we have helped over a million satisfied customers move and manage their money. Our award-winning products portfolio allows our customers to make low-cost multi-currency payments across various jurisdictions. From travel money to transfers, currency hedging, to expense management, we are focused on a single goal of making it easy for our customers to manage and move their money.

As a business, we are committed to delivering value to our customers through the combination of advanced payments technology and personal expert service. We are doing this by hiring exceptional people. Now we are looking for a Regulatory Compliance Manager to join our Global Risk & Compliance (GRC) function in our new office in Singapore.

Within the offices in London, Chester, Brussels, Amsterdam and in the USA, Equals Group comprises of three business lines and brands - Equals Money, FairFX and CardOneMoney.

You will join a very close-knit, talented and supportive team from various backgrounds who believe that bringing different perspectives together helps us understand our customers' needs. United, by one goal - making money management straightforward and cost-effective for our customers.

About the Role

We are seeking an experienced Senior Regulatory Compliance Manager to join our expanding Group Regulatory Compliance team, based in our Singapore office. This key senior role sits within the Group GRC Function and reports directly to the Group Head of Regulatory Compliance in the UK. You will hold primary responsibility for overseeing and executing the regulatory compliance framework for our Singapore-licenced payment services business, while contributing to Group-wide compliance initiatives and standards.

As the senior regulatory subject matter expert in Singapore, you will provide advice and guidance to business leaders and other colleagues, drive implementation of compliance controls, and ensure our operations meet all applicable requirements under the Payment Services Act (PSA), MAS Notices and Guidelines, and broader Singaporean regulatory frameworks. You will work closely with the senior management in Singapore and across the GRC to maintain a strong compliance culture, effective governance processes, and a positive approach to emerging regulatory risks.

Applicants must have the legal right to work in Singapore.

Responsibilities

In this senior role, you will lead the development, enhancement and execution of a robust second line Regulatory Compliance framework for the Singapore business, while strengthening relationships across internal and external stakeholders. You will also provide clear reporting, insights and guidance to governance bodies on compliance and regulatory risks, issues, solutions and opportunities. In addition, the role will assume interim second-line AML/CFT oversight responsibilities during the application period, pending the formal appointment of a dedicated AML function holder.

Your responsibilities will include, but are not limited to:

• Provide 2nd line of defence Compliance oversight across all Singaporean business activities, products and services

• Act as the primary subject matter expert for all regulatory and compliance matters in Singapore, including PSA, MAS requirements, MAS AML/CFT notices, Technology/Risk Management (TRM) Guidelines and other relevant regulations.

• Provide regulatory and compliance advice and support to ensure the Singapore business meets its legal and regulatory obligations including coordination on AML/CFT matters with Group MLRO and AFC teams

• Support the Group Regulatory Compliance function in the day-to-day activities

• Drive the regulatory compliance and conduct risk agenda across the Singapore entity, by engaging with relevant stakeholders

• Review, analyse, manage and oversee all regulatory enquiries and incidents related to Singapore entity and business activities

• Manage and develop Singaporean regulatory engagement in conjunction with the Group Head of Regulatory Compliance and Group Chief Compliance & Risk Officer including interactions with MAS on AML/CFT matters where required

• Support and closely collaborate with all GRC functions, including MLROs, Anti-Financial Crime Compliance and Enterprise Risk functions

• Work closely with the 1st line of defence teams, external and internal audit and assurance providers, as well as business stakeholders to ensure regulatory and compliance risks are understood and managed adequately

• Attend and provide input to all relevant committees and forums as required

• Manage Singapore regulatory horizon scanning and planned change implementation initiatives including upcoming AML/CFT regulatory developments and MAS thematic reviews

• Contribute to the Group and Singapore-specific Compliance Training programmes

• Support the establishment, handover and transition to the formally appointed Singapore AML function holder once approved, ensuring continuity and regulatory comfort

• Embed at all times our values of:

o   Be the customer

o   Succeed together

o   Go beyond

o   Make it happen

Essential Skills

• Minimum 5 years’ experience in compliance and/or regulatory legal areas, most of which is in the payment/e-money and/or broader financial services industry

• Subject matter expert in Singaporean regulatory frameworks for payments/e-money businesses, including the PAS, MAS AML/CTF Notices, TRM Guidelines and related governance requirements

• Proven experience and good track record of dealings with MAS and managing regulatory relationships, supervisory reviews and inspections

• University degree and professional qualification in the relevant discipline (preferable  - ICA, ACAMS, CPA, Law degree)

• Excellent communication skills and ability to influence and promote compliance agenda

• Experience of working within a Group setup and 3 lines of defence operating model

• Strong analytical skills, attention to detail, and pragmatic approach to challenges

• Highest standards of professionalism and individual accountability

• Fluent oral and written skills in English. Additional Asian languages are an advantage but not essential

Our investment in you
We welcome people into Equals Group and desire to grow and develop our talented teams. We believe in teamwork and celebrating our successes. We strive to embrace our values. We want to put you in the driving seat of your career and achieve your full potential through growth opportunities and developmental support.

When you join us, we aim to help you to get more out of your career.

*Benefit dependent on location.

Where possible we offer the opportunity to work flexibly and the opportunity to balance some remote working with time in the office collaborating, taking part in events and developing the social connections that make working with us rewarding. Particular job arrangements shall be discussed with the hiring line manager.

Equals strives to create a workplace where we can all be ourselves. We believe in inclusion, equality and the power of diversity, so you will be encouraged to bring your unique perspectives and experiences, and help us understand what you need to do your best work.