Regulatory Affairs Senior Manager

About the team:

At Aspire, we understand the importance of maintaining a strong culture of compliance to protect our organization and ensure the trust of our customers. Our Compliance Team is at the forefront of identifying and addressing regulatory risks, implementing controls, and ensuring that our policies and procedures align with regulatory requirements. This allows Aspire to stay ahead of evolving regulations, proactively identifying potential risks and developing comprehensive risk mitigation strategies, hence contributing to our long-term success.

About the role:

Our Regulatory Affairs Senior Manager will report to the Head of Compliance and be responsible for supporting all activities related to the maintenance of, and compliance with, our payments license in Singapore. That will include managing liaison with the Monetary Authority of Singapore (MAS), responding to requests for information and developing a strong, collaborative relationship. Internally, it will involve providing advice to the business on all regulatory matters including conducting horizon scanning to ensure visibility and appropriate preparation for new or updated regulations or best practice. This role is critical to Aspire’s ambition of upholding the highest standards of compliance, and maintaining a strong collaborative relationship with the regulator.

Key responsibilities:

• Manage all regulatory liaison, including responding to requests for information and developing a strong collaborative relationship with MAS
• Design and implement robust regulatory reporting mechanisms for regular data submissions to the regulator
• Conduct horizon scanning and support the business in complying with new or updated regulatory requirements and best practice
• Review and maintain policies, standard operating procedures, and internal controls for regulatory compliance with the Payment Services Act.
• Monitor and conduct audit of the operational execution of the compliance policies.
• Assist in internal and external audits of compliance and regulatory processes and procedures.
• Develop content for internal training sessions on the regulatory and compliance framework for the business and compliance teams.

Minimum qualifications:

• Bachelor's Degree with minimum 7 years of work experience in regulatory compliance/ affairs
• Previous experience of working at or closely with the Monetary Authority of Singapore’s Payments Division
• A deep knowledge of the payments/fintech industry and the relevant regulations in Singapore
• Excellent spoken and written English

Preferred qualifications:

• Previous experience of using MASNET for submissions to the regulator
• Independent worker with strong analytical skills and the ability to make sound compliance/regulatory recommendations
• Strong team player to work with various internal stakeholders to effectively implement the compliance program