AML Compliance Lead ShopeePay

About The Team

The AML Compliance Officer is responsible for leading the design, implementation, and continuous enhancement of ShopeePay's Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), and Counter-Proliferation Financing (CPF/PF) compliance framework. Reporting directly to the Chief Compliance Officer (CCO), the role serves as the subject matter expert on AML/CTF/PF regulatory requirements and provides strategic oversight to ensure the organization's compliance with applicable laws, regulations, and regulatory expectations. The role shall oversee the implementation and maintenance of the organization's Money Laundering and Terrorist Financing Prevention Program (MTPP), ensuring compliance with the Anti-Money Laundering Act (RA 9160), as amended, its Implementing Rules and Regulations (IRR), relevant AMLC issuances, BSP regulations, and other applicable AML/CTF/PF requirements.

Job Description

• Lead the development, implementation, review, and enhancement of the organization's AML/CTF/PF compliance framework, policies, standards, and governance processes.
• Ensure the effective implementation and ongoing maintenance of the organization's Money Laundering and Terrorist Financing Prevention Program (MTPP), including periodic reviews to address emerging risks and regulatory developments.
• Monitor new and amended AML/CTF/PF laws, regulations, circulars, and regulatory issuances, and ensure timely communication, implementation, and compliance across the organization.
• Serve as the primary compliance advisor to business and operational units by providing regulatory guidance and recommendations on:
• Product and service risk assessments
• Customer onboarding and acceptance
• Know Your Customer (KYC), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD)
• Customer risk rating
• Transaction monitoring
• Suspicious Transaction Reports (STRs) and Covered Transaction Reports (CTRs)
• Other AML/CTF/PF compliance matters affecting products, services, and business initiatives
• Act as the primary liaison with the Anti-Money Laundering Council (AMLC) and coordinate all regulatory engagements, inquiries, examinations, report submissions, and issue resolution.
• Lead the conduct of the organization's Institutional Risk Assessment (IRA), ensuring timely completion, submission, and implementation of action plans arising from identified risks and regulatory observations.
• Oversee the preparation, submission, and monitoring of all AML/CTF/PF regulatory reports, information requests, and compliance commitments, ensuring accuracy and timeliness.
• Review and provide AML/CTF/PF compliance assessment and approval for business initiatives, new products, system enhancements, and other matters endorsed by the First Line of Defense (1LoD).
• Assess the adequacy and effectiveness of AML/CTF/PF controls and recommend enhancements to address regulatory expectations, operational risks, and emerging financial crime threats.
• Support the implementation of effective enterprise-wide AML risk management by ensuring compliance with Anti-Money Laundering Act (RA 9160), as amended, its Implementing Rules and Regulations (IRR), relevant AMLC issuances, BSP regulations, and other applicable AML/CTF/PF requirements.
• Prepare and present periodic AML/CTF/PF compliance reports, key risk indicators, and material regulatory developments to Senior Management, the Governance, Risk, and Compliance Oversight Committee, and the Board of Directors.
• Facilitate the establishment and effective operation of a management-level committee responsible for overseeing the implementation and governance of the organization's MTPP.
• Collaborate with Compliance, Risk, Operations, Product, Legal, Technology, and other business units to ensure AML/CTF/PF risks are appropriately identified, assessed, mitigated, and monitored throughout the product lifecycle.
• Support regulatory examinations, internal audits, and independent compliance reviews, including the timely remediation of findings and implementation of corrective actions.
• Perform other duties and responsibilities as may be assigned by the Chief Compliance Officer.
  

• Bachelor’s degree in Law, Business Administration, Finance, or a related field. Advanced degree or professional certification (e.g., CRCM, CGEIT) is preferred.
• Minimum of 7 years of experience in AML/CTF/PF compliance, reports key risk indicators, and material regulatory developments within financial institutions.
• Strong knowledge of AML/CTF/PF compliance, regulatory compliance requirements, and industry best practices.
• Excellent analytical, problem solving, and decision making skills.
• Effective communication and interpersonal skills.
• Ability to work independently and manage multiple tasks and deadlines in a fast paced environment.
• Detail oriented with a strong commitment to accuracy and compliance.