About Thunes
Thunes is the Smart Superhighway to move money around the world.
Thunes’ proprietary Direct Global Network allows Members to make payments in real-time in over 130 countries and more than 80 currencies. Thunes’ Network connects directly to over 7 billion mobile wallets and bank accounts worldwide, as well as 15 billion cards via more than 320 different payment methods, such as GCash, M-Pesa, Airtel, MTN, Orange, JazzCash, Easypaisa, AliPay, WeChat Pay and many more.
Thunes’ Direct Global Network differentiates itself through its worldwide reach, in-house SmartX Treasury System and Fortress Compliance Platform, ensuring Members of the Network receive unrivaled speed, control, visibility, protection, and cost efficiencies when making real-time payments, globally. Members of Thunes’ Direct Global Network include gig economy giants like Uber and Deliveroo, super-apps like Grab and WeChat, MTOs, fintechs, PSPs and banks.
Headquartered in Singapore, Thunes has offices in 14 locations, including Barcelona, Beijing, Dubai, Hong Kong, Johannesburg, London, Manila, Nairobi, New York, Paris, Riyadh, San Francisco and Shanghai. For more information, visit: https://www.thunes.com
Context of the role
Based in Singapore, reporting to the APAC Compliance Director based in Hong Kong, this role will lead the compliance function in Singapore and be appointed as MLRO (Money Laundering Reporting Officer) of Thunes’ Major Payment Institution in Singapore, and will support Thunes activities all across the world where the license is used.
This role is expected to partner with the Global Compliance function (including the Global Head of Compliance, the Financial Crime team, the KYC team, among others) and other cross-functional teams (Legal, Account Management & Business Development, Finance & Treasury, Product etc) based across the world.
The position provides an exciting opportunity to work on an international stage, alongside household names, and join a rapidly growing FinTech company making a real impact on the lives of people in developed and emerging markets alike.
The ideal candidate should be someone who has previously held payments’ compliance roles in organisations like:
Payment Services Providers (incl. MTOs and Cross-Border money remitters, acquiring PSPs and BaaS)
eMoney institutions
Banks or Financial Institutions
Key Responsibilities
Compliance Programme for Thunes Singapore
Serves as MLRO for the Singapore Entity
Actively engages in the deployment of Thunes’ Group Compliance framework in Singapore, including for AML/CTF, Sanctions, and ABC policies
Aligns such frameworks with the Thunes Global Policy House
Applies existing frameworks to all the different cycles of the business relationship (onboarding, ongoing monitoring, reporting), and support the KYC and Transaction Monitoring teams in their daily activities
Provides relevant and reliable risk analysis on clients, payment methods and global payment chains
Prepares and communicates analysis and assessment to internal senior management
Identifies, assesses, tracks, and escalates risks (namely regulatory) throughout Thunes’ business
Communicates and trains relevant teams on compliance requirements
Ensures a proper regulatory watch and anticipates evolutions of the compliance framework
Compliance Point of Contact for matters related to Singapore
Serves as Point of Contact for Singapore's authorities (the MAS, namely) and act as local MLRO
Interacts with Senior Management, partner banks, FIU, government authorities and payment schemes in the region
Plays a role in the policy management process incl. creation and deployment of relevant policies
Centralizes and coordinates the remediation of audit findings
Creates, coordinates and communicates mandatory reportings to local authorities
Stakeholder Engagement & Influence
Being the key in the establishment of a Risk & Compliance culture within the business line
Involved in the governance of the Singapore-regulated entity (committees, reporting to authorities...)
Spend time working alongside the operational teams in EU, UK, US and APAC to accommodate the Singaporean regulatory specificities within the Global Compliance Program
Has knowledge on operational deployment of a compliance programme (KYC, sanction & PEP screening, AML/CFT alerts management)
Communicates and trains relevant teams on compliance requirements
Has willingness to excel and grow within the organization, at both regional and global level
Some international travel may be required (no more than 5%)
Who we are looking for
Professional Experience and Knowledge
5-7 years of professional experience as Compliance in a financial institution, preferably in banking or payments
Deep knowledge of the Singapore payment services regulation (Major Payment Institution) as well as the AML/TF local framework
Experience serving as MLRO or Deputy MLRO
Bachelor’s Degree or equ. in Banking, Finance, Accounting, Risk Management Law, or other relevant areas
ACAMS and/or ICA certification are advantageous
Experience in compliance areas within a financially regulated company including namely AML/TF, Risk & Permanent Control, Governance
Business minded and able to support the development of innovative payment services
Expertise with digital assets is a strong plus
Professional Skills and Competencies
Experience working in an international and diverse environment
Excellent written and verbal communicator in English (reading/speaking), proficiency in Mandarin will be advantageous
Strong internal and external stakeholder management skills
High level of autonomy and proactivity
Ability to work well under pressure, different priorities, and tight deadlines
Collaborative work approach
Sound like you? Apply now!