Job Description

This position is responsible for:

• Providing legal and regulatory advice associated with online payments, interbank money transfers and settlements, credit & debit card fund settlements, foreign exchange, money remittance, e-money/stored value, digital wallets, payment gateways, holding and reuse of balances, merchant acquiring, bank withdrawals and ACH & payments processing;
• Providing legal and compliance advice associated with payments licensing, payments regulations, anti-money laundering, counter terrorist financing, outsourcing, data protection, privacy, consumer protection, and information security;
• Dealing and negotiating with financial services regulators in SEA
• Engaging in regulatory advocacy, drafting and advising on correspondence, submissions and communications with regulators;
• Advising on legal and regulatory issues associated with sales, marketing, communications, market entry, product and services development;
• Advising on regulatory matters relating to commercial contracts, mergers and acquisitions, joint ventures, employment law;
• Monitoring ongoing legislation and regulatory changes. Advising on market entry into local markets which include setting up local sales and marketing legal entities and managing license applications;
• Advising on regulatory issues with respect to Financial Intelligence Units or law enforcement agencies for suspicious transaction reporting;
• Working closely with the Commercial Legal, Compliance and Government Relations Teams;
• Advising on onsite inspections, investigations and queries by financial services regulators, law enforcement agencies and government agencies.

• Candidates should have a minimum of 5-8 years post qualification experience and be from an established in-house legal team or established private practice law firm with international legal and regulatory experience
• Preference for candidates with solid experience and expertise in regional laws and regulations relating to payments both offline and online, fund settlement, credit card acquiring, credit card services and settlements, e-money, money remittances, fund settlements, foreign exchange and e-commerce, AML and CFT regulations.
• We would consider candidates with solid and broad legal and regulatory experience and expertise in financial services including consumer and retail banking, securities brokerage, Wealth Management, consumer credit and finance.
• Broad and solid experience in dealing with regulators in the region with substantial experience and expertise in regulatory advocacy (both written and oral)
• Board experience in advising senior regional and local business management teams.
• Good law degree and admission to practise law in Singapore is preferred