Compliance Officer

Position Overview:Work with the Head of Compliance to assist in 1) establishing the compliance programme, aligned with the enterprise risk management framework, and focused on the identification, assessment, and management of compliance risks, and 2) providing day-to-day compliance advisory support to business and other departments. Compliance independently monitors compliance risks and regularly reports on programme health to SBIDM stakeholders.Principal Duties and Responsibilities include (but are not limited to): Ensure implementation of SBIDM policies, procedures, and processes to confirm compliance with the Securities and Futures Act (“SFA”), Financial Advisors Act (“FAA”), Payment Services Act (“PSA”), and other applicable laws and regulations.Work closely with the business and operations teams to identify compliance risks, help the business to develop controls designed to mitigate risks and put into place a self-testing and reporting regime that will ensure residual risk ratings are within SBIDM’s risk appetite.Create and implement effective AML and transaction monitoring programs to ensure adherence to PSA and SFA requirements.Conduct outsourcing and third-party risk assessments to ensure compliance the regulatory requirements.Conduct regulatory gap analysis and work with the relevant business owners to identify and implement action points.Conduct compliance testing to ensure controls are functioning effectively, as intended, and in compliance with all regulatory requirements, specific licence obligations, and internal practices.Ensure licencing requirements of the company, representatives, and (where necessary) products are met.Review and monitor compliance with relevant Anti-Money Laundering (“AML”), Countering the Financing of Terrorism (“CFT”), and Sanctions requirements; assist in performing annual AML/CFT EWRA to ensure AML/CFT risks are identified and mitigated, and policies appropriately updated.Conduct compliance trainings to ensure staff awareness of regulatory requirements and company policies.Assist in any ad-hoc compliance/risk related projects and system enhancements, as assigned.Qualifications & Skills: Degree holder in any discipline with at least 6-8 years of relevant working experience in capital markets and payments. MAS experience and legal training preferred but not required.Familiar with rules and regulations applicable to CMSL and payment service license holder.Knowledge about fiat and DPT transaction monitoring, travel rule and wallet screenings Familiarly with digital assets and distributed ledger technology a plus.Possession of a broad knowledge of business, products, and operations of the financial services industry; familiarity with risk and compliance processes as they pertain to the SFA, FAA, and PSA.Familiarity with MAS risk management requirements for Boards of Directors and Senior Management, with a strong understanding of corporate governance requirements.Comfort with financial services technology platforms, both from external third parties as well as legacy systems.Characteristics and Expectations:Takes initiative to build the company from a start-up status, with a demonstrable ability to adapt to and embrace change.Disciplined in goal orientation.A good communicator, both written and verbal. Fluency in English required. Familiarity with Japanese would be beneficial.Demonstrates alignment with SBIDM’s values through expected behaviours.Exhibits a high level of integrity, taking accountability for their work.Strong team player, with accountability over personal and team deliverables.Professional and socially engaging.