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Compliance Officer

  • Location:

    Singapore

  • Sector:

    Other

  • Published:

    18 days ago

  • Salary range:

    0 - 0

  • Expiry date:

    11 Jun 00:00

Thunes mission is to unlock opportunities for Emerging Markets. We interconnect mobile wallet operators, corporates, merchants, money transfer operators, payment service providers and banks to unlock opportunities for businesses and individuals alike to participate in the global economy.

Providing unparalleled emerging market coverage and smarter transfer solutions for cross border payments, we enable financial inclusivity for those who need it most.

Our Mission

1.7 billion adults worldwide are still excluded from the global economy lacking access to any financial service. We make financial services global and accessible to everyone with our interoperable network supporting local and relevant payment and transfer methods.

Our Solutions

We act as a trusted, neutral aggregator in a deeply fragmented industry. Without a trusted, neutral and interoperable aggregator, the partners of a payment transaction would waste time and costly resources developing their connections to multiple systems. Multiple connections would also mean that these actors have to charge higher prices, which could prohibit financial inclusion and the spread of digital financial services.

We offer key payment solutions to tackle the speed, cost-efficiency and accessibility challenges for emerging markets:

  • P2P remittance processing
  • Corporate mass payouts
  • Digital payment services
  • International Trade Invoice Payments

CONTEXT OF THE ROLE

Reporting to the Partner Due Diligence Manager based in London, the Compliance Officer will be stationed in the Singapore headquarters. This role will partner with Legal, Sales and Product team members situated in Singapore, UK, Africa and USA to onboard and control Payment Service Providers, Banks and other regulated and non-regulated companies across the globe. This role will also acts as the point of contract for the business lines of Compliance enquiries relating to Partner Due Diligence within Asia Pacific region.

KEY RESPONSIBILITIES

  • Conduct Know Your Partner analysis, including the following:

  • Conduct research on legal entities in the Company’s systems (WorldCheck, Graydon etc.) as well as in official government records and other public websites in order to detect high risks applications (including PEP and Sanctions matches)

  • Conduct basic corporate research on targeted legal entities using available internal documents, such as public websites (sector/industry type, products, services sold, localization of main suppliers, main clients and operation locations)

  • Evaluate client risk according to predefine risk criteria

  • Communicate with clients, as needed, to gather information on beneficial ownership or on any other missing documents

  • Conduct audit on existing partners, including the following:

  • Control that the partner’s production is in line with his expected behaviour

  • Conduct interviews with the partners’ compliance department to control the partner AML-TF framework is in line with the company’s expectations

  • Notify the compliance department if a client's information or documents appear fraudulent or suspicious

  • Monitor problematic situations

  • Verify the compliance monitoring process

  • Help with process implementation and verification and participate in procedure updates

  • Take part in different projects under the supervision of the Manager PDD and Ongoing Monitoring

PROFESSIONAL EXPERIENCE/QUALIFICATIONS

At Thunes to ensure we set out clear expectations for the business and you to succeed, it is equally important for us in defining not only the nature of the role responsibilities but that the cultural fit in working style and approach is a match! So please read carefully below before putting yourself forward

QUALIFICATIONS

  • Demonstrate advanced knowledge of the 4th AML Directive, MAS Notice 3001 Notice on Prevention of Money Laundering and Countering the Financing of Terrorism

  • Degree educated (2:1 minimum)

EXPERIENCE

  • Understand the principles and be familiar with Payment products

  • Good understanding of various types of trading entities

  • Experienced in conducting Corporate KYC in the financial sector

  • Clear written and verbal communicator

  • Able to work under pressure and manage own workload

  • Passionate about technology and start-ups

  • Detail-oriented

  • Advanced competency in Microsoft Office

  • Experience working with international counterparties is desirable

  • Fluency in French, Spanish or Chinese is desirable