Director, Regulatory Compliance, Asia at Airwallex

Singapore

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Financial ServicesIndustries

Requirements

Based in Singapore (OnSite)
Senior-level experience in regulatory compliance, particularly in financial services across Asia
Expertise in the 2 lines of defence (2LOD) principle
Strong knowledge of Asian regulatory landscapes, licensing, and financial regulations
Ability to engage with regulators and manage licence applications, business plans, and information requests
Experience in regulatory risk management, compliance programs, and product compliance advisory

Responsibilities

Leadership team member within the Global Regulatory Compliance Team for Airwallex
Deliver the regulatory engagement strategy for the Airwallex entities in the region
Support the Airwallex Group’s expansion by managing the regulatory compliance components of licence authorisation processes
Act as a key stakeholder in relation to licence applications, business plan updates and information requests between Airwallex and our regulators
Ensure that our regulatory compliance and integrity risk reporting obligations are maintained for all Airwallex Group entities in the region
Support and / or manage on-site exams and inspections (in collaboration with our LRC colleagues)
Advise the business with respect to regulatory change initiatives with a particular focus on how to effectively manage compliance risk attached to new laws and regulations in the jurisdiction
Maintain licensing responsibilities for regulated financial services entities across Asia
Coordinate with internal and external parties to ensure compliance through communication of regulatory requirements, cross-functional collaboration, process implementation, and regulator interfacing
Help build the global regulatory compliance program based on the 2 lines of defence principle
Analyse new and existing products and provide guidance to ensure 2LOD controls are fit for purpose and comply with regulatory obligations
Guide the first line business to enable maturity of customer-facing and internal back-office processes and product features

Skills

Key technologies and capabilities for this role

Regulatory ComplianceRisk ManagementLegal AdvisoryCompliance OversightFinancial Regulations

Questions & Answers

Common questions about this position

Is this role remote or onsite?

This is an onsite position based in Singapore.

What is the salary or compensation for this role?

This information is not specified in the job description.

What are the key responsibilities of this role?

The role involves delivering the regulatory engagement strategy, maintaining licensing responsibilities for regulated financial services entities across Asia, coordinating with internal and external parties for compliance, and building the global regulatory compliance program based on the 2 lines of defence principle.

What is the culture like in the Global Regulatory Compliance Team?

The team culture is collaborative, impact-driven with a focus on continuous improvement, valuing transparency, empowerment, and high performance.

What experience makes a strong candidate for this role?

A strong candidate would have senior-level expertise in regulatory compliance for financial services in Asia, experience with licensing and regulator interfacing, and the ability to build compliance programs based on the 2 lines of defence model.

Airwallex

Cross-border payment solutions for businesses

About Airwallex

Airwallex provides cross-border payment solutions for businesses of all sizes, including small to medium-sized enterprises and large corporations. The company offers a range of financial services such as multi-currency accounts, international money transfers, foreign exchange services, and payment gateway solutions. These services are designed to facilitate efficient and cost-effective international transactions. Airwallex uses advanced technology to ensure that these transactions are fast and secure. Unlike many competitors, Airwallex focuses on building financial infrastructure that supports the digital economy, allowing businesses to operate seamlessly across borders. The company's goal is to simplify global payments and make them accessible to businesses worldwide.

Eastern District, Hong KongHeadquarters

2015Year Founded

$877.4MTotal Funding

SERIES_ECompany Stage

FintechIndustries

1,001-5,000Employees

Benefits

Hybrid Work Options

Employee Equity Programs

Risks

Increased competition from fintech startups could erode Airwallex's market share.

Regulatory scrutiny in Asia-Pacific, especially China, may impact Airwallex's operations.

Volatility in foreign exchange rates poses a risk to Airwallex's revenue streams.

Differentiation

Airwallex offers a comprehensive suite of cross-border payment solutions for businesses.

The company integrates financial services into platforms, enhancing customer experience and efficiency.

Airwallex's global presence with ten international offices supports its expansive service offerings.

Upsides

Airwallex reported an 83% revenue increase in APAC, showcasing strong regional growth.

The partnership with Carwow enhances Airwallex's visibility and operational efficiency in the UK.

Airwallex's expansion in EMEA with new offices boosts its international market presence.

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