Regulatory Compliance Specialist

The NETS Group is a leading payments services group, enabling digital payments for merchants, consumers and banks across the entire payments value chain. 

The Group operates Singapore’s national debit scheme enabling customers of DBS Bank/POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank and UOB to make payments using their ATM cards or mobile devices at more than 130,000 acceptance points in the country as well as online payments.

Position Summary 

This role is responsible for ensuring organization’s adherence to all related and relevant compliance regulations. He/She will be the compliance advisory for various departments and collaborate with them to ensure observance to all regulations while achieving the organization’s goals.

Key Responsibilities

• Ensure compliance with applicable laws, rules and regulations and apply sound ethical judgment regarding business practices and conduct.
• Work hand in hand with the business units to identify and manage regulatory risk including handling time critical incident reporting to the authority.
• Assess risk when business decisions are made, with due consideration for the company’s reputation and key stakeholders’ interests.
• Draft and implement organizational policies, standards and procedures to comply with applicable regulations.
• Develop, implement, and execute compliance testing, continuous assurance, and reporting of compliance testing reviews.
• Conduct training to improve awareness of control requirements stated in IT standards, and/or any industry good practices.
• Manage regulatory requests, prepare responses and inform the senior management of significant compliance matters that require their attention or action in a timely manner.
• Manage monthly compliance reporting to Senior Management and Board.
• Drive adhoc regulatory projects assigned, including engagement of business stakeholders for successful implementation.

Requirements

• Degree holder in computer science, information technology, information security, economics, accounting or related disciplines with at least 7 years of compliance experience in a regulated financial industry.
• Highly advantageous if you have experience in IT control assessment/auditing, technology risk management, business and system process review.
• Possess strong analytical skills, paying careful and particular attention to detail.
• Excellent problem-solving skills, ability to prioritise and manage multiple tasks assigned.
• Strong team player with track record of working well in a collaborative environment with strong stakeholder management and communication skills.
• Strong in documentation and report writing skills.
• Self-driven with the ability to work independently

Network for Electronic Transfers (Singapore) Pte Ltd.