Assistant Manager, Risk & Compliance (Fintech Payment)

OxPay Financial Limited is a leading payment company in Asia listed in the Singapore Stock Exchange. Its subsidiary, OxPay SG Pte Ltd is an MAS-licensed Payment Service Provider. Together with licensed payment subsidiaries in Malaysia, Thailand and Indonesia, the Group aims to become an ASEAN payment powerhouse by expanding to more countries in Southeast Asia.

We have an opportunity to invite a Payment-talent to join our exciting growth journey as a Assistant Manager, Risk & Compliance (Fintech Payment) . The person will be based in Singapore but has responsibilities across all businesses.

Responsibilities:

Advisory & Framework Management

• MAS Notice Implementation : Translate changes in regulatory notices (such as MAS Notice PSN01 or changes to the Payment Services Act) into actual operational compliance steps.
• Product Advisory : Review new product feature rollouts (e.g., cross-border multi-currency wallets, merchant checkout portals) to identify inherent regulatory or fraud risks before launch.
• Audit & Regulatory Liaison : Act as the primary coordinator for internal, external audits and regular information requests from the Monetary Authority of Singapore (MAS).

Regulatory Compliance & Governance Framework

• Compliance Review : Design and execute compliance plans and lead compliance reviews.
• Regulatory Updates : Keep abreast of regulatory developments and update business units of the latest requirements.
• Policy Management : Maintain and update compliance policies, procedures and manuals to ensure compliance with local regulatory requirements and best practices.
• Compliance Management : Review business agreements and terms & conditions for alignment with laws and regulation.

Risk Management & Financial Crime

• Financial Crime : Review and decide on complex AML/CFT, Sanctions, or fraud alerts escalated by junior executives.
• AML/CFT Framework : Manage and execute company-wide AML/CFT programme to provide assurance on adherence to local and international standards and best practices
• Transaction Monitoring Programme : Work closely with product and data engineering teams to continuously fine-tune transaction monitoring rules, reduce false positives, and deploy tech-driven automation.
• Suspicious Transaction Reporting : Lead the investigation into suspicious activities and draft Suspicious Transaction Reports (STRs) for final sign-off before submission to the CommercialAffairs Department (CAD).
• Enterprise Risk Management (ERM) : Regularly assess operational, transactional, and settlement risk vectors. Implement and track Key Risk Indicators (KRIs) across various payment rails.

Support & Administration

• Staff Awareness : Curate awareness materials and conduct regular compliance training to staff
• Projects & Assignments : Handle ad hoc projects assigned by management

Requirements:

• University degree holder in Business, Law or related disciplines
• Proven experience (3 to 6 years) in compliance, KYC, CDD, or AML/CFT, transaction monitoring, or risk management, preferably within the payment services or financial services industry
• Domain knowledge and proficiency in the Payment Services Act 2019, in particular AML/CFT/PF laws and regulation in Singapore
• Solid grasp of how money flows across regional or global payment schemes (e.g., FAST, SWIFT, crossborder remittance, merchant acquiring, and e-wallets).
• Exceptional critical thinking and logical reasoning skills with attention to detail to analyse complex data, identify inconsistencies, and effectively assess and mitigate risks
• Excellent organizational skills with the ability to manage workload and prioritize tasks efficiently in a high-pressure environment
• Strong written and verbal communication skills for documenting findings, writing clear reports, and liaising effectively with internal teams
• Confident communication skills to advise internal product and sales teams on compliance limitations, and to handle direct queries from external auditors or law enforcement (e.g. CAD).
• Ability to work independently while contributing collaboratively within the Risk & Compliance Team
• Singaporeans or PRs only
• 5 days’ work week