Funding Societies | Modalku is the largest SME digital financing platform in Southeast Asia. We are licensed in Singapore, Indonesia, Thailand, and registered in Malaysia. We are backed by Sequoia India and Softbank Ventures Asia Corp amongst many others and provides business financing to small and medium-sized enterprises (SMEs), which is crowdfunded by individual and institutional investors. And here at Funding Societies | Modalku we live by our core values:
Serve with Obsession: Build win-win relationships for the long-term by having a customer obsession.
Grow Relentlessly: Strive to become our best, most authentic selves.
Enable Teamwork, Disable Politics: Only by forging togetherness, we help each other succeed.
Test Measure Act: Stay curious and reinvent ourselves, through innovation and experimentation.
Focus on Impact: Create impact through bias for action and tangible results.
What you will do:
Serve as the subject matter expert on compliance-related and internal control matters, including but not limited to regulatory issues, licensing, AML-CFT, risk assessment, vendor reviews, and business continuity planning.
Provide practical compliance advice to the Group, covering business activities across different entities and units, ensuring adherence to applicable laws, regulations, and internal requirements.
Participate in the inception and implementation of cross-functional solutions/products, ensuring full compliance with relevant regulations and internal standards.
Regularly review, revise, and set up compliance manuals, policies, procedures, frameworks, and systems to stay current with regulatory changes and requirements.
Handle regulatory and licensing requests and inquiries efficiently and effectively, ensuring timely and proper responses.
Own and lead the compliance aspects of KYC/AML/CFT processes, providing secondary validation and approval for customer onboarding.
Assist and advise senior management on compliance matters, including regulatory and licensing issues, AML/CFT, and internal control processes.
Grow and lead compliance team members; provide guidance and mentorship on compliance matters.
Promote compliance awareness through regular training sessions and dialogue with employees.
Perform additional assignments as required to support the compliance function.
Requirements
What we are looking for:
10+ years of compliance experience in the financial services industry, with at least 5 years in a leadership role.
Experience in fintech, digital lending, and payments, particularly within Southeast Asia.
Solid knowledge of Asean regulations, market practices, and financial products
In-depth knowledge of the regulatory landscape for financial services and fintech in Southeast Asia, including but not limited to AML, KYC, data privacy, and consumer protection regulations.
Experience liaising with regulatory bodies and managing regulatory inspections and audits.
Excellent analytical and problem-solving skills, with the ability to think strategically.
Exceptional communication skills, both written and verbal, with the ability to effectively convey complex regulatory requirements to diverse audiences.
Strong leadership and team management skills, with experience in building and developing high-performing compliance teams.
High ethical standards and integrity; Strong attention to details and organisational skills.
Ability to thrive in a fast-paced and dynamic environment.
Bachelor's degree in Law, Finance, Business Administration, or a related field. A Masters degree or relevant certification (e.g., CAMS) is preferred.
Benefits
Time off - We would love you to take time off to rest and rejuvenate. We offer flexible paid vacations as well as many other observed holidays by country. We also like to have our people take a day off for special days like birthdays and work anniversaries.
Flexible Working - We believe in giving back the control of work & life to our people. We trust our people and love to provide the space to accommodate each and everyone's working style and personal life.
Medical Benefits - We offer health insurance coverage for our employees and dependents. Our people focus on our mission knowing we have their back for their loved ones too.
Mental Health and Wellness - We understand that our team productivity is directly linked to our mental and physical health. Hence we have Wellness Wednesdays and we engage partners to provide well-being coaching. And we have our Great FSMK Workout sessions too to keep everyone healthy and fit!
Learning & Development - We believe learning should never end and we support everyone with self-learning L&D allowances.
Tech Support - We provide a company laptop for our employees and the best possible support for the right equipment/tools to enable high productivity
