Compliance Manager

TransferMate– a subsidiary of CluneTech – was established in 2010 when we began working with regulators around the world to secure licenses to operate as a global payment’s provider. With a global payments network covering 200+ countries and territories, TransferMate have established partnerships with some of the largest banks, fintechs and software providers in the world. The combination of our regulated network, award winning technology and strategic partnerships culminated in 2022 when the business achieved Unicorn status.

Our team is dedicated to delivering the best possible experience for our partners and their customers. We know that a happy team is one that performs at the highest level and our #OneTeam ethos encourages mutual support, respect, recognition, and rewards. In Ireland, we have been recognised as a Great Place to Work for 9 consecutive years, with 35 offices worldwide, we do business across 100+ countries on a daily basis.

The Compliance Manager supports TransferMate’s (TM) Compliance framework within APAC to ensure adherence to all regulatory and legal requirements together with TM’s internal policies and procedures. This role involves liaising with partners and clients and their respective compliance teams, overseeing local due diligence, anti-money laundering (AML), counter-terrorism financing (CTF), and governance frameworks while fostering a culture of ethical decision-making and operational integrity.

As Compliance Manager, you will be responsible for:

1. Partner Communication

• 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.

2. Local Due Diligence

• 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.

3. Compliance Leadership:

• 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

4.. Counterparty Risk Management:

• 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.

5. Downstream Risk Oversight:

• 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.

6. Policy Development and Training:

• 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.

7. Governance and Reporting:

• 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

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. 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

TransferMate is an Equal Opportunity Employer and is committed to the principle of equal employment opportunity for all employees. We are committed to building and maintaining a culture which is free from discrimination and harassment and where all employees can bring their best selves to work.

Originally posted on Himalayas