SVP, Compliance

About the role

The NETS Group is a leading payments services group enabling digital payments for merchants, consumers and banks across the payments value chain, operating Singapore's national debit scheme. As Compliance lead, you will oversee compliance within the NETS group of companies and ensure adherence to laws, regulatory requirements, policies and procedures. You will design compliance programs, guide management on compliance matters, monitor regulatory developments and apply for relevant licenses in response to new business initiatives.

Key responsibilities

• Develop and implement a consistent approach to compliance programs, policies and practices across the NETS group.
• Build an effective, proactive compliance program covering audits, documents and practices so that operations and transactions follow legal and internal rules.
• Lead a team working with business units to identify and manage regulatory risk, including handling time-critical incident reporting to authorities.
• Create and oversee control systems to prevent violations, evaluate their efficiency and improve them, and revise procedures and reports to spot hidden risks.
• Inform and train employees on regulations and industry practices.
• Evaluate business initiatives and assess their compliance risks.
• Collaborate with internal stakeholders and external consultants or auditors when needed.
• Prepare compliance reports for regulatory agencies.

Required profile

• Degree in law (preferred), finance, business, accounting or a related discipline, with at least 10 years of relevant experience in a regulated financial industry.
• Track record of gap analysis, improvement plans and advising management and the Board on key implications.
• Experience with regulatory filings, compliance assurance programs and successful license applications.
• Excellent problem-solving, prioritization and stakeholder communication skills, and strong documentation and report writing.

Required skills

• Advantageous: knowledge of financial industry policies, standards, rules and controls, such as AML/CTF regulations and payment industry investigative practices.