Compliance Executive

OxPay SG Pte Limited

is a Major Payment Institute licensed by the Monetary Authority of Singapore. Together with OxPay’s licensed payment companies in Malaysia, Thailand and Indonesia, the group aims to become a payment powerhouse in Southeast Asia.

Expand your impact as our new

Compliance Executive

. You will play a key role in reinforcing our compliance structures and internal SOPs while collaborating with dynamic teams across multiple global locations.

Responsibilities:
Know Your Customer (KYC) & Customer Due Diligence (CDD)

Onboarding Checks

: Review and verify corporate documentation or individual identities (via SingPass or identity documents) for new merchants and users signing up for the payment service.

Screening

: Run names through politically exposed persons (PEP) databases, sanctions list, and adverse media watchlist using screening software.

Enhanced Due Diligence (EDD)

: Gather additional verification, such as source of wealth or business legitimacy, for higher risk clients.

Periodic Review

: Conduct periodic CDD screening on the entire customer base and sample check CDD screening on new customers.

Transaction Monitoring & Alert Clearance

Alert Management

: Review daily transactional alerts generated by transaction monitoring system.

Transaction Pattern Analysis

: Conduct preliminary analysis of unusual or irregular transactions and draft internal escalations for further assessment.

Record Keeping

: Keep a register / higher risk client list flagged for close monitoring.

Compliance Support & Administration

Audit Assurance

: Keep meticulous tracking sheets and records of all approved and rejected merchants to help the team prepare for internal or annual compliance audits. Follow up on Audit Action Plan and other management instructions to complete compliance tasks in a timely manner.

Regulatory Monitoring

: Research basic compliance matters, track amendments to MAS notices (e.g. Notice PSN01 on AML/CFT), and keep internal knowledge repository updated.

Management Reports

: Generate MIS reports for executive committee and board-committee meetings.

Requirements:
Diploma or higher in Business Administration, Management or other relevant disciplines

2+ years’ work experience in financial industry or a Fintech

Experience in risk-based approach, AML/KYC and transaction monitoring is beneficial.

Knowledge in the Payment Services Act 2019 and the related guidelines and notices is a plus.

Possess strong analytical and problem-solving skills, able to think objectively when analyzing issues.

Meticulous with an eye for details and quality mindset

Excellent verbal and writing skills in English with strong communications skills.

Effective interpersonal skills

Proficient in the use of Microsoft Office (Excel, Word & Powerpoint)

Ability to take ownership, work independently yet still be team-oriented.

Fresh graduates are welcome to apply.

Singaporeans or PRs only

5 days' work week

OxPay SG Pte. Ltd is an electronic transaction processing company headquartered in the sunny city-state of Singapore. Founded in 2005, it has grown into its name with Asian expansion in some of the world’s fastest-growing markets, where it continues to maintain strong positioning in its Asian markets, strengthened by some of the world’s most innovative and growing companies in the regions.

With operations located throughout the Asian region, Oxpay SG serves merchants and consumers, organizations and government agencies through acquisition, processing, and network communication. It also provides comprehensive business-to-business (B2B), and business-to-government (B2G), level 1 to level 3 payment cards processing services, customized management information and reporting services.

OxPay SG partners Acquiring Banks, Payment Service Providers and System Integrators to offer merchants a secure PCI Compliant international payment processing platform enhanced with innovative technologies. It also provides customers with global transaction and settlement currencies, a high-end reporting interface and risk management solutions.

With a relentless commitment to go far and wide for our customers, OxPay SG seeks to ensure all payment processing services meet the demanding needs of present businesses while setting the standards for the future. It further takes pride in service efficiency and security compliance to every transaction, every service, every product and every system.