Job Description

Hello, and welcome to Hugosave!

Hugosave is a digital banking application and debit card that puts saving first. Our initial market will be Singapore but regional and global expansion will follow swiftly.Through our product vision of Better Budgeting, Smarter Spending and Sustainable Saving, together we can build a financially healthy and thriving community.

Hugohub is a Digital Banking as a Service provider supporting wholesale clients with access to the full banking value chain

Hugo is a brand owned and operated by Atlas Consolidated Pte Ltd.

Requirements

Who are we looking for

We are looking for a Head of Compliance to work alongside senior management. The role is to build upon the existing compliance framework and help us expand our product offering and support regional expansion in line with the company\xe2\x80\x99s activities.

What a Head of Compliance means to us

Our Head of Compliance will ensure our compliance activities are consistent with our group values and will enhance and expand compliance procedures that meet both our regulatory and contractual obligations.

Our Head of Compliance will drive innovation of our products for both Hugosave and HugoHub.

Our Head of compliance will support our strategic pipeline with proactive research on near and mid-term jurisdictional analysis.

Our Head of Compliance will manage our policies framework, lead the Audit and Risk Committee and liaise with our Head of Risk to provide recommendations on our top-down risk culture resulting from the Enterprise Risk Management quarterly reviews.

How can you help us

You will build upon our existing team and nurture a robust and efficient team of compliance, fraud and AML specialists, using the latest compliance software and technology to provide real-time solutions. You will have extensive experience of: a. regulatory bodies in SE Asia, b. financial services and payments, c. Singapore\xe2\x80\x99s Payment Services Act, d. dealing with the MAS, and e. familiarity with both MasterCard and VISA card schemes.

You will be independent:

• The Head of Compliance role is independent from the business and reports directly to the CEO, with a dotted line to the COO.
• Head of Compliance shall submit a quarterly report to the Audit and Risk Committee based upon the Risk taxonomy findings with recommendations on areas that need attention and potential audit focus.
• Head of Compliance will drive strategic support in assessing jurisdictional demands across AML, Data, Technology and Product regulation.

Your Head of Compliance responsibilities include being the MLRO\xe2\x80\x93MLRO-nominated officer;

• Any decisions made as the MRLO are wholly your own, and in making such decisions you shall not be influenced by anyone within the organisation.
• As MRLO you will undertake such training and seek such legal advice needed to keep yourself up to date.
• You will identify the firm\'s money laundering risk profile, considering the firm\'s customer, product and activity base, distribution channels, complexity and volume of transactions, processes and systems and operating environment.
• You will develop and document the firm\'s customer identification procedures and risk management policies.
• Overseeing the firm\'s compliance with its obligation to train staff in its anti-money laundering policy: the MLRO must ensure staff training is offered, training records are kept and training is of an appropriate standard and scope.
• Assist in the conduct of internal and external enquiries and investigations where necessary, and provide liaison, reports and witness statements to the relevant authorities.
• You will provide reports to senior management on the operation of the anti-money laundering systems and controls, including a formal report to senior management at least annually.
• You will conduct risk assessments of any business development activities.
• You will ensure that the firm is up to date with international AML best practices.

Compliance \xe2\x80\x93 Regulatory and Scheme:

• Assist senior management in educating staff on compliance and ethics matters, and act as a contact point within the company for compliance and ethics queries.
• Assist senior management team in identifying and assessing potential compliance issues.
• You will provide written reports on compliance procedures and performance to the board.
• Assess the appropriateness of the company\xe2\x80\x99s compliance related policies and procedures, promptly follow up on any identified deficiencies and, where necessary, propose amendments.
• Monitor compliance by performing sufficient and representative compliance testing, including spot checks and making enquiries into compliance incidents, carrying out further investigations as appropriate.
• Provide compliance advice on special projects, including the launch of new businesses and products requiring authorisation.
• Liaise with legal counsel and relevant units, and provide guidance and advice on compliance laws, rules and standards.
• You will oversee the Trustbox (subsidiary) MLRO activity providing advice and mentoring to achieve consistent company standards.

Risk Management:

• You will provide oversight to the first Line of Defense risk management identifying weaknesses and raising standards in line with the Risk Management Policy.
• Review and update the Risk Management Policy annually.
• Develop consistently applied standards, practices and metrics that will help Managers be accountable for their identified risks.
• Provides results, recommendations and updates as needed to the Board of Directors.

What we consider relevant qualifications, experience and knowledge

Skills and capabilities we believe are highly relevant include:

• Min. 8+ years of experience in a senior banking and or payments compliance role.
• Bachelors/Masters degree or equivalent
• Relevant experience as an MLRO
• ICA international qualifications in one or each of Anti-Money Laundering, Compliance or Financial Crime Prevention
• A proven track record of working directly with regulators
• Experience dealing with card schemes
• Extensive knowledge of South East Asian financial services, regulatory bodies and payments industry (particularly Singapore).
• Fluent English speaker and writer, ideally with a professional level of Mandarin, Indonesian and/or Malay.

Performance indicators to get you off to a great start

A touchdown quick win (30 Days):

• Familiarise yourself with our initial compliance policies.
• Familiarise yourself with our Enterprise Risk Management Framework and contribute to the ongoing Quarterly Risk review.

Found your feet (90 Days)

• Review and monitor all system and manual compliance and operational controls and Standard Operational Guidelines.
• Mentor the Operations and Client Service teams on their compliant execution of onboarding, transaction processing and complaints handling.

Well into your stride (180 Days):

• Ensure all areas of the business are compliant and adhering to best practices and identify areas of improvement across the Standard Operating Guidelines in line with compliance policy.

Benefits

• Flexi-working
• Options
• Well-being package

Hugosave