Compliance Manager

Summary

Join TransferMate, a global payments provider, as their Compliance Manager in APAC. You will support the company's compliance framework, ensuring adherence to regulatory and legal requirements. Key responsibilities include partner communication, local due diligence, compliance leadership, counterparty risk management, downstream risk oversight, policy development and training, and governance and reporting. The role involves liaising with partners, clients, and regulatory authorities. You will oversee onboarding, KYC/AML reviews, and risk assessments. This position requires extensive compliance experience within financial institutions and strong communication skills. Fluency in English and Mandarin is essential.

Requirements

• 5+ years of experience in compliance, risk management, or legal advisory roles within financial institutions, inclusive of Correspondent Banking/Corporate Cash/Fintechs
• Proven expertise in counterparty risk and downstream risk frameworks
• Extensive knowledge of global regulatory requirements, AML standards, and financial laws
• Bachelor’s or Master’s degree in Law, Finance, Business Administration, or a related field or equivalent experience
• Professional certifications (e.g., CAMS, CCEP, ICA, or similar compliance credentials)
• Strong analytical and decision-making skills with a focus on risk mitigation
• Exceptional communication abilities to influence across all levels of the organisation
• Fluency in English and Mandarin (spoken and written) is required

Responsibilities

• Communicate confidently with local partners, clients, and financial institutions
• Translate or interpret compliance requirements where necessary, and ensure clear communication between global teams and local stakeholders
• Draft or review bilingual compliance materials when required
• Oversee the onboarding of clients and partners located in Hong Kong and China and ongoing KYC/AML reviews
• Provide Management Information (MI) to ensure onboarding meets SLA’s whilst remaining compliant and risk focused
• Ensure compliance with sanctions and global reporting standards
• Support the Head of AML in regards to the organisation’s compliance strategy
• Ensure policies and procedures comply with local, regional, and international regulations
• Act as the primary liaison with regulatory authorities and manage audits, inspections, and inquiries within the APAC region
• Assess and monitor the financial, reputational, and legal risks associated with counterparties (e.g., clients, vendors, and partners) within the APAC region
• Establish robust due diligence processes to evaluate counterparty risk profiles before and during engagements
• Lead the implementation of systems to monitor changes in counterparty creditworthiness and compliance adherence
• Analyze and address risks arising from third-party relationships and extended payment chains
• Oversee risk assessment frameworks to track potential exposure to sanctions, money laundering, or reputational damage within the APAC region
• Develop downstream risk mitigation strategies, including contractual safeguards and ongoing monitoring tools
• Create and enforce compliance policies and risk management protocols tailored to institutional needs
• Conduct regular training sessions for staff on compliance obligations, risks, and best practices
• Build awareness of emerging regulatory trends and risk indicators
• Oversee reporting mechanisms to identify, escalate, and resolve compliance and risk issues
• Report directly to the Head of AML on compliance status, risks, and key trends, communicate with local partners, clients, and financial institutions
• Support the Head of AML in regards to the organisation’s compliance strategy
• Collaborate with internal and external stakeholders to maintain transparency and alignment with organizational goals

Preferred Qualifications

• Cantonese is highly desirable
• Technical proficiency in compliance monitoring systems and data analytics tools

Benefits

• Competitive annual leave and additional days per length of service
• Remote working and flexible working hours
• Maternity and paternity leave
• Compassionate leave