Compliance Manager

About Thunes

Thunes is the Smart Superhighway to move money around the world. 

Thunes’ proprietary Direct Global Network allows Members to make payments in real-time in over 130 countries and more than 80 currencies. Thunes’ Network connects directly to over 7 billion mobile wallets and bank accounts worldwide, as well as 15 billion cards via more than 320 different payment methods, such as GCash, M-Pesa, Airtel, MTN, Orange, JazzCash, Easypaisa, AliPay, WeChat Pay and many more. 

Thunes’ Direct Global Network differentiates itself through its worldwide reach, in-house SmartX Treasury System and Fortress Compliance Platform, ensuring Members of the Network receive unrivaled speed, control, visibility, protection, and cost efficiencies when making real-time payments, globally. Members of Thunes’ Direct Global Network include gig economy giants like Uber and Deliveroo, super-apps like Grab and WeChat, MTOs, fintechs, PSPs and banks. 

Headquartered in Singapore, Thunes has offices in 14 locations, including Barcelona, Beijing, Dubai, Hong Kong, Johannesburg, London, Manila, Nairobi, New York, Paris, Riyadh, San Francisco and Shanghai. For more information, visit: https://www.thunes.com 

Context of the role

Based in Singapore, reporting to the APAC Compliance Director based in Hong Kong, this role will lead the compliance function in Singapore and be appointed as MLRO (Money Laundering Reporting Officer) of Thunes’ Major Payment Institution in Singapore, and will support Thunes activities all across the world where the license is used.

This role is expected to partner with the Global Compliance function (including the Global Head of Compliance, the Financial Crime team, the KYC team, among others) and other cross-functional teams (Legal, Account Management & Business Development, Finance & Treasury, Product etc) based across the world.

The position provides an exciting opportunity to work on an international stage, alongside household names, and join a rapidly growing FinTech company making a real impact on the lives of people in developed and emerging markets alike.

The ideal candidate should be someone who has previously held payments’ compliance roles in organisations like:

• Payment Services Providers (incl. MTOs and Cross-Border money remitters, acquiring PSPs and BaaS)


• eMoney institutions


• Banks or Financial Institutions

Key Responsibilities

Compliance Programme for Thunes Singapore

• Serves as MLRO for the Singapore Entity


• Actively engages in the deployment of Thunes’ Group Compliance framework in Singapore, including for AML/CTF, Sanctions, and ABC policies


• Aligns such frameworks with the Thunes Global Policy House


• Applies existing frameworks to all the different cycles of the business relationship (onboarding, ongoing monitoring, reporting), and support the KYC and Transaction Monitoring teams in their daily activities


• Provides relevant and reliable risk analysis on clients, payment methods and global payment chains


• Prepares and communicates analysis and assessment to internal senior management


• Identifies, assesses, tracks, and escalates risks (namely regulatory) throughout Thunes’ business


• Communicates and trains relevant teams on compliance requirements


• Ensures a proper regulatory watch and anticipates evolutions of the compliance framework

Compliance Point of Contact for matters related to Singapore

• Serves as Point of Contact for Singapore's authorities (the MAS, namely) and act as local MLRO


• Interacts with Senior Management, partner banks, FIU, government authorities and payment schemes in the region


• Plays a role in the policy management process incl. creation and deployment of relevant policies


• Centralizes and coordinates the remediation of audit findings 


• Creates, coordinates and communicates mandatory reportings to local authorities

Stakeholder Engagement & Influence

• Being the key in the establishment of a Risk & Compliance culture within the business line


• Involved in the governance of the Singapore-regulated entity (committees, reporting to authorities...)


• Spend time working alongside the operational teams in EU, UK, US and APAC to accommodate the Singaporean regulatory specificities within the Global Compliance Program


• Has knowledge on operational deployment of a compliance programme (KYC, sanction & PEP screening, AML/CFT alerts management)


• Communicates and trains relevant teams on compliance requirements


• Has willingness to excel and grow within the organization, at both regional and global level


• Some international travel may be required (no more than 5%)

Who we are looking for

Professional Experience and Knowledge

• 5-7 years of professional experience as Compliance in a financial institution, preferably in banking or payments


• Deep knowledge of the Singapore payment services regulation (Major Payment Institution) as well as the AML/TF local framework


• Experience serving as MLRO or Deputy MLRO


• Bachelor’s Degree or equ. in Banking, Finance, Accounting, Risk Management Law, or other relevant areas 


• ACAMS and/or ICA certification are advantageous 


• Experience in compliance areas within a financially regulated company including namely AML/TF, Risk & Permanent Control, Governance 


• Business minded and able to support the development of innovative payment services


• Expertise with digital assets is a strong plus

Professional Skills and Competencies

• Experience working in an international and diverse environment


• Excellent written and verbal communicator in English (reading/speaking), proficiency in Mandarin will be advantageous 


• Strong internal and external stakeholder management skills 


• High level of autonomy and proactivity


• Ability to work well under pressure, different priorities, and tight deadlines


• Collaborative work approach

Sound like you? Apply now!