Role Overview:
Work Location : Singapore
As a Senior Manager MLRO, you will lead the Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) compliance framework for our Singapore operations. You will also act as the compliance Regional Lead for the APAC region. This role involves close engagement with senior management, regulators, auditors, and partners to ensure adherence to local and global regulatory standards. You will oversee policy development, regulatory submissions, risk assessments, and partner due diligence to maintain robust compliance standards.
Requirements
How will you make an impact:
Responsibilities:
- Act as the primary liaison with senior management and/or the Board on AML/CTF matters.
- Engage with independent auditors on AML/CTF manuals and compliance reviews.
- Respond to regulatory feedback on risk management and compliance performance.
- Coordinate with MAS (Monetary Authority of Singapore), SPF (Singapore Police Force), and other relevant authorities for STR investigations and filings via goAML or equivalent platforms.
- Serving as nominated MLRO/ Compliance Officer in Singapore
- Manage procedures for regulatory approvals for new designated services or delivery channels.
- Design, implement, and maintain AML/CTF compliance manuals, policies, procedures, and systems in line with evolving regulations.
- Conduct initial and ongoing due diligence of partners and third-party service providers.
- Maintain accurate records in compliance with local regulatory provisions and acts.
- Perform periodic internal reviews of AML/CTF compliance at partner offices.
- Oversee transaction monitoring, partner risk analysis, and categorization (High/Medium/Low).
- Prepare and present quarterly compliance and risk analysis reports to senior management.
- Ensure AML/CTF compliance metrics are integrated into performance review processes.
- Oversee the performance of the local and regional MLROs with respect to the discharge of their responsibilities.
Essential qualifications:
- A minimum of 8+ years of relevant experience in AML/CTF compliance, regulatory liaison, and risk management within financial services or a similar regulated environment.
- Strong knowledge of FCA regulations, Money Laundering Regulations (MLRs), and risk-based compliance frameworks is essential.
- Bachelor’s degree in Law, Finance, Business, or related field; CAMS or ICA certification preferred.
- Strong knowledge of MAS regulations, FATF guidelines, and global AML standards.
- Proven experience liaising with regulators and handling STR filings.
- Excellent analytical, communication, and stakeholder management skills.
- Ability to lead compliance projects and manage cross-functional teams effectively.
Why TerraPay:
TerraPay is a global money movement player on a mission to build a borderless financial world. We believe payments should be instant, reliable, transparent, seamless, and fully compliant.
Registered and regulated across 31 global markets, we are a leading payments partner for banks, mobile wallets, money transfer operators, merchants, and financial institutions.
We are proud to be a twice-certified Great Place to Work and were featured in the 2023 CB Insights Fintech 100 and the 2024 Financial Times 1000 lists.
Read more about TerraPay here.
Our culture & core values:
At TerraPay, we don’t just talk about our values—we live by them. Humility, ownership & responsibility, entrepreneurship, global citizenship, and trusting empowerment are the principles that guide everything we do. If you’re looking for a career that offers abundant opportunities for innovation and a culture of excellence, TerraPay is the place to be.
With comprehensive healthcare benefits, cab facilities for our India-based employees, and a generous leave policy, we’ve got you covered. Join us in one of our 10 offices worldwide and collaborate with a diverse team representing 40+ nationalities.
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