Job Description

What we do, and why we do it
The banking system is evolving to give consumers the transparency, control and financial wellbeing they deserve. In a world where technology can change how we live for the better, there is no reason to be burdened by legacy systems, bureaucracy and mediocrity. It’s time for a change, and you can be part of this revolution!

BigPay is everything you wish your bank was: fair, transparent, frictionless. We went back to the drawing board to explore how new technologies could bring power back to you. Our goal is to solve real-world money problems for millions of people by empowering them and providing a simple interface for users to send, receive and track their money.

Life at BigPay 
We’re fast, curious and ambitious. We are on a fearless adventure to change financial services for consumers, and we value ownership, initiative and leadership from everyone in the company. We’re going out of our way to recruit the most intelligent, creative and talented people in the world. We want innovators, and that means maintaining an environment where they can flourish. Our only boss is the consumer. BigPay values highly collaborative, hard-working people, who can deconstruct problems on the fly and take the team with them, while being inventive, iterative and agile. We never want to reach a stage where we are not challenged on a daily basis – because it means we’re not going fast enough.
 

Compliance Associate (Thailand)
We are looking for a highly qualified Compliance Officer who will be responsible for developing, implementing and administering all aspects of the Company’s compliance management program. The successful candidate will carry out all compliance related activities and ensure compliance with the applicable local laws, rules, regulations and standards, and effectively ensure regulatory conformity and minimize probability of exposure to ML/TF.

Main function:
The main responsibility of this function will be in the area of AML/CFT prevention and risk
mitigation.

Duties and Responsibilities:

• To ensure the Company’s compliance with the AML/CFT requirements and theregulatory framework;

• To ensure proper implementation of the AML/CFT policies;

• Drafting, reviewing, improving and maintaining standard operating policies, procedures, manuals and the frameworks in respect of AML/CFT;

• Taking the appropriate steps to ensure that the appropriate AML/CFT procedures, including but not limited to, CDD, ECDD, record keeping, on-going due diligence and monitoring, reporting of suspicious transactions, risk based assessments and combating the financing of terrorism, are implemented effectively;

• Develop compliance initiatives and programs to comply with the respective regulatory obligations and taking the appropriate steps to ensure that the AML/CFT mechanism is regularly assessed as and where required to ensure that it is effective and sufficient to address any change in ML/TF trends;

• Aiding in the improvement of tools to monitor, analyze, and report suspicious activity;

• Taking the appropriate steps to ensure that the channel of communication from the respective employees to the compliance manager/officer is secured and that information is kept confidential;

• Overseeing compliance training (and refresher) programs and taking the appropriate steps to making employees aware of the Company’s AML/CFT measures, including policies, control mechanisms and the channel of reporting;

• Appropriately evaluating internally generated suspicious transaction reports before a decision is made to raise and submit the requisite STRs (where required);

• Ensuring consistent and timely feedback on cases that have been escalated for review;

• Ensuring detailed and prompt investigation of all AML/CTF incidents and cases that have been raised;

• Identifying any AML/CTF loopholes and providing solutions and coordinating projects to bridge those gaps;

• Identifying the ML/TF risks associated with the new products or services or arising from the Company’s operational changes, including introduction of new technology and processes;

• Identifying and advising management and employees of any changes to legislation and other regulatory requirements relating to AML/CTF;

• Keeping updated and being informed on the latest developments in ML/TF techniques and typologies as well as the AML/CFT measures undertaken by the industry;

• Advising senior management and the Board on emerging compliance issues and consulting and guiding the Company in the establishment of controls and mechanisms to mitigate the risks; and

• Prepare for examinations by the regulator or any relevant authority.

Requirements:

• Academic background:  Bachelor of Law or Economics Degree or equivalent. In addition, certification in regulatory compliance, professional qualifications or accreditation in the field of compliance, AML and Financial Crime Prevention is a major advantage;

• Experience: At least 7-8 years or more working experience in a business environment, fintech and/or a start-up specializing in financial services i.e. electronic money (e-money) business and/or remittance business operations;

• Competent, capable and expertise in AML/CFT laws and regulations is a must;

• Knowledge: Excellent knowledge and understanding of the Thai regulations (including but not limited to those issued by the Bank of Thailand) is a must. These include the Payment System Act and any other regulations, circulars or documents issued by the regulator or any other authorities from time to time relating to e-money business operations and/or compliance with AML/CFT requirements;

• Range of Responsibility/Strategic impact: Used to working under deadlines and under pressure: ability to set up new activities, tackling issues quickly and efficiently; high level of responsibility in front of the regulatory authorities;

• Autonomy & required Initiative: Articulate and ability to use initiative, analytical skills and logical abilities and work with minimal supervision with a strong commitment to ensure regulatory compliance. Possess good communication skills;

• Probity and reputation: High degree of professional ethics and personal integrity;

• Highly proficient in the English language (both written and spoken)

• Good interpersonal skills and the ability to interact with all levels of people / diverse personalities