Senior Compliance Officer, Associate/ Senior Associate

Job Categories: Compliance
Job Types: Permanent
Date posted: 10 July 2023
Application expiry: 9 August 2023

Founded in 2015 to address the unmet financing needs of SMEs, Validus is the leading all-in-one SME financing platform in Southeast Asia today, providing small businesses with faster and effortless one-stop financial solutions. Headquartered in Singapore, we’re present in 4 markets – Indonesia, Singapore, Thailand and Vietnam.

We’re on a mission to drive financial inclusion and prosperity for small businesses by leveraging data, AI and strategic partnerships to drive growth financing to under-served SMEs. To date, we have disbursed more than USD 2 billion in loans to small businesses across the region. In Singapore, our SME-focused, full-suite business finance offering includes loans, business accounts, corporate cards, payments, and expense management. Validus is backed by top-tier VCs and strategic investors, with more than S$60M in capital raised.

An award-winning FinTech, Validus has won first runner-up (Singapore FinTech – Singapore Founder category) at SFF Global FinTech Awards 2022, first place at MAS FinTech Awards 2020 (Singapore Financial Institution), Top 10 FinTech Leaders and FinTech Leaders under 30 at SFF Global FinTech Awards 2021. Validus was named by LinkedIn as one of the Top 15 Start Ups in Singapore in 2021.

As a Senior Compliance Officer, you will be assisting to oversee compliance activities in the entity. If you like kicking goals, have a can-do attitude, and relish a fast-paced culture, this is a role you’d want to be in.

Key Responsibilities

· Understanding SFA licensing process & requirements.

· Monitor and review compliance activities of VCPL, including KYC/AML checks and prepare regulatory reporting as stipulated by MAS.

· PIC for MAS for regulatory reporting, periodic reporting & any ad hoc reporting.

· PIC for complaint handling and conflict of interest that falls under the purview of regulations.

· Monitor compliance & control related with transactional activities.

· Drive process improvement and policy development initiatives for borrower & investor transactions that need to be regulated.

· PIC for internal audit requirements as per CMS license guidelines

· Develop and implement an effective operational risk management framework to identify, assess, and mitigate risks within the organization.

· Monitor and analyze risk incidents and internal control failures and provide recommendations for corrective actions.

· Establish and maintain key risk indicators (KRIs) to track and report on operational risk exposure.

· Stay updated on industry trends, regulatory changes, and best practices in operational risk management.

· Prepare annual reports and presentations for senior management, highlighting key risk issues and recommending risk mitigation strategies.

· Participate in the development and implementation of business continuity and disaster recovery plans.

Job Requirements

· Bachelors or higher in Finance/Accounting, Business Management

· 3 – 5 years compliance experience in regulated financial sector in Singapore.

· Good understanding of MAS regulations including SFA guidelines, CMS license.

· Good presentation, reporting and communication skills

· Some basic experience in handling internal audit, controls.

· Well informed regulatory framework of MAS, KYC policies etc.

· Good to have, hands on experience with statistical analysis and statistical packages

· Well-developed organizational skills, with the ability to multi-task, initiate and manage details to drive projects to timely completion

· Ability to drive team to common goal, demonstrate innovative thinking, influencing and execution.

Additional Information

Validus reaffirms its policy of non-discrimination regardless of race, colour, creed, age, gender, religious belief, or nationality. Applications for employment shall be considered solely on the applicant’s ability to perform the duties of his/her position and fulfill the responsibility of the position for which he/she is being considered or hired

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