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Head of Compliance & Operational Risk

Location
Singapore
Department
Compliance & Risk
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About Us

At M-DAQ Global, we're on a mission to create a World without Currency Borders™. We are a pioneering fintech group specialising in foreign exchange (FX) & payment solutions that facilitate seamless cross-border transactions for businesses worldwide.

Headquartered in Singapore, our vibrant and diverse team spans six countries and territories. We foster a dynamic environment where individuals can contribute to a comprehensive suite of solutions, from advanced FX and streamlined collections to AI-driven onboarding and enhanced risk management. If you're passionate about making a tangible impact in the global financial landscape, and eager to grow within a company that's constantly innovating, M-DAQ Global offers a unique opportunity.

Join us and be part of the team powering faster, smarter cross-border payment and FX solutions for Asia and the world.

For more information, please visit: www.m-daq.com.

Key Responsibilities

  • Serve as the Group Head of Compliance, managing a team of Compliance Officers across different regional entities and group-level compliance operations to ensure that M-DAQ & its group of companies meet their regulatory and financial services licence obligations.

  • Act as the Compliance Officer for M-DAQ Payment Solutions, a Major Payments Institution Licensed entity, regulated by MAS

  • Design and implement policies, procedures, systems, governance and internal controls to ensure licensing commitments and regulatory conditions are met and followed.

  • Oversee M-DAQ’s efforts to combat financial economic crime, including anti-money laundering (AML), combating the financing of terrorism (CFT), sanctions and anti-bribery & corruption (ABC).

  • Serve as the primary point of contact for all regulatory compliance matters

  • Collaborate with the Onboarding Function to ensure robust implementation of customer due diligence (CDD)/know your customer (KYC) programme in compliance with the Group AML and CFT requirements.

  • Continually develop, maintain and provide internal advice on M-DAQ’s compliance policies, handbooks and manuals.

  • Develop and implement an enterprise-wide risk assessment framework to assess our inherent risks and control measures in collaboration with other risk functions.

  • Identify, monitor, and mitigate operational risks by ensuring effective internal controls, business continuity planning, and incident management processes are in place.

  • Support internal and external audits from our regulators, liquidity providers, audit partners and banking partners

  • Support corporate governance matters

Job Requirements

  • Tertiary educational qualification, professional certification, years of relevant compliance experience in MAS-regulated Major Payments Institution or Bank.

  • Deep knowledge of and familiarity with Payment Services Act

  • Experience in driving transformation of compliance programmes, policies and procedures

  • Strong ability to work collaboratively with business stakeholders to manage compliance risk in a practical, solutions-oriented manner, balancing control requirements with business needs.

  • Proficiency with compliance management, name-screening and transaction monitoring software

  • Proficiency in written and spoken English, familiarity with business, legal, policy, and financial documentation

  • Driven personality to work in a fast-paced environment

  • Collaborative and personable team player who enjoys interacting with different business units.

Why Us?

  • Make a positive impact to the world’s economy by creating a World without Currency Borders™

  • Team Innovation Mindset, People-Oriented

  • Challenging environment, offering great opportunities to learn and grow

  • Creative and Innovative Workplace

  • We offer competitive remuneration, including employee stock options and employee benefits

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