Senior Exec / Associate Manager - Compliance (Transaction Monitoring) - #1129900

About FOMO Pay

Founded in 2015, FOMO Pay is a Major Payment Institution licensed in Singapore, Hong Kong and the United Arab Emirates (UAE). The firm has become a leading one-stop digital payment, digital banking, and digital asset solution provider. It is currently building Asia's fully licensed financial platform, helping institutions and businesses connect between traditional and next-generation financial services. The firm offers its three flagship products:

● FOMO Payment – One-stop digital payment solution for merchants, corporates and financial institutions

● FOMO iBiz – Facilitate businesses' everyday requirements for transactional banking needs

● FOMO Treasury – One-stop digital asset services provider bridging Web 2.0 & Web 3.0

Visit www.fomopay.com for more information.

For recruitment inquiries, contact [email protected].

Join and Grow with us!

At FOMO Pay, we are dedicated to pushing the boundaries of what is possible in digital payment and global banking solutions. We are seeking forward-thinking individuals who share our passion for innovation and are eager to be at the forefront of industry disruption. In our transformation journey, you will have the opportunity to work alongside visionary leaders who have an exceptional track record of shaping the future of digital payments and global banking technologies. We also believe in unlocking the potential in every individual - we offer an inclusive, supportive, and continuous learning culture where everyone can grow to be their best selves and advance in their personal and professional goals. Join our team and be a part of an exciting evolution in the industry.

About the role

We are looking for a diligent and proactive Compliance Transaction Monitoring Specialist to join the Compliance Team. This essential role is focused on the day-to-day execution of Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) processes to ensure FOMO Pay's strict adherence to regulatory standards set by the Monetary Authority of Singapore (MAS).

Key Responsibilities:

● Perform review of transaction alerts which are generated out of the transaction monitoring system

● Perform holistic of review of transactions as part of the KYC periodic review process

● Review name screening hits arising from payments screening at pre-transaction level

● Perform investigation of transactions

● Draft Suspicious Transaction Reporting

● Generate statistics of alerts generated/ cleared alerts and pending alerts

● Perform threshold analysis review to determine appropriateness

● Contribute and assist in ad-hoc projects undertaken by the Compliance Team (e.g Remediation efforts, Audits, AML/CFT Trainings for employees, UAT testing for new systems)

● Demonstrate adaptability and promptness in adjusting to new Anti-Money Laundering (AML) policies, processes, and system knowledge

Requirements:

● Diploma/Degree in Accountancy, Finance or Business or other relevant qualification

● Solid understanding of MAS’ AML/CFT regulatory requirements

● Proactive and problem-solver who is creative, with ability to adapt and improvise accordingly

● Meticulous and sensitive in handling clients’ information.

● Ability to work effectively under pressure in a team environment

● Excellent interpersonal and communication skills (candidate is expected to collaborate with different Business Teams)

● Diligent and firm with high ethical standards

Our Perks and Benefits:

● Competitive Compensation and Benefit Package

● Group Hospitalisation and Medical Insurance

● Fun and Dynamic Environment with plenty of learning and growth opportunities

● Career Advancement

● Professional Development Training Workshops

● Team Building Sessions