Job details

Compliance Associate (AML/CFT and KYB)

Join one of the fastest-growing FinTech startups in South East Asia!

HitPay is a one-stop payment platform for SMEs, on a mission to empower businesses with easy access to digital payments. From no-code e-commerce plugins to affordable credit card readers, we help thousands of merchants bring their business dreams to life.

HitPay is backed by Tiger Global, Global Founders Capital, Y Combinator, HOF Capital, and angel investors. We're expanding rapidly and are looking for a talented Compliance Associate to join us.

About The Role

As a Compliance Associate, you'll improve HitPay’s Know Your Customer (KYC), Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) Risk Management.

HitPay currently has a regulated presence across four markets in the Asia Pacific region, and you will be closely involved with other members of the compliance team in developing and enforcing our AML/CFT framework as the company scales. You’ll develop and implement AML and sanctions control activities and policies, including Customer Due Diligence (CDD), transaction monitoring, name screening, payment screening, and list management.

This is a full-time role with amazing growth potential. If you're responsible, independent, intellectually curious and self-motivated with strong analytical and data handling skills, we'd love to hear from you!

Job Requirements:

At least 2 years of experience in a similar role, preferably in the financial services or payments industry involved in activities related to customer due diligence, transaction monitoring, suspicious transaction (STR) reporting and risk-based assessments
Strong working knowledge of general fintech compliance matters, and AML/CTF regulations globally, with an emphasis in ASEAN markets
University degree, preferably in areas related to business, banking or finance
Additional qualifications in governance, risk and compliance, such as CAMS/CTMA will be an added advantage
Existing relationships and/or experience working with the Bangko Sentral Ng Pilipinas (BSP)/ Bank Negara Malaysia and other SEA regulators are a plus
Excellent technical, analytical, and communication skills.
Good data analysis and data handling skills with demonstrable experience using SQL and Python will be an added advantage for the role.
Able to work independently and collaboratively in a remote-first working environment
High level of integrity and responsibility
Can manage deadlines, with strong attention to detail and problem-solving skills
[Optional but preferred] Able to speak and write fluently in another language, especially Malay, Bahasa, Tagalog, or Mandarin

What You’ll Do

Provide expert guidance to HitPay on KYC/AML requirements, offering insights especially on intricate cases.
Take charge of resolving all Client Due Diligence requests and activities within established timeframes. Promptly escalate any emerging issues or bottlenecks to ensure timely resolution.
Handle, review and verify all applications for client on-boarding within available SLAs
Monitoring and documentation of unusual activity or AML flags
Identify and escalate potential concerns related to sanctions, PEP (Politically Exposed Persons), adverse media, or suspicious activities
Being the 1st layer of processing transaction monitoring alerts
Conducting investigations on alerts, i.e. looking for unusual patterns, reviewing the customer's profile, and processing RFI towards the customer to the merchant
Escalating alerts to relevant risk and compliance teams when necessary i.e. when there are irregularities and/or for new type of alerts, pattern, profile
Coordinating with internal teams and processing the approval for suspicious transaction reports
Collaborate in the development and continuous enhancement of policies and procedures associated with client onboarding and ongoing due diligence.
Develop and implement AML and sanctions control measures, which encompass Customer Due Diligence (CDD), transaction monitoring, name screening, payment screening, and blacklist management.
Work diligently to implement and enforce AML and sanctions policies to align with regulatory guidelines.
Play a pivotal role in improving HitPay's overall AML and CFT Risk Management strategies.