EMQ is a financial technology company that enables businesses of every size to access real-time, affordable, and efficient cross-border payments in 170+ markets. Through our API-powered platform, we continue to simplify global payments for our customers and enable them to scale efficiently across multiple markets. Recognized as a Tech Pioneer by World Economic Forum and Top 100 Cross-Border Payment Companies by FXC Intelligence, EMQ remains committed to fostering a more sustainable world by making financial services more accessible and inclusive for everyone, everywhere.
EMQ has offices in Hong Kong, Singapore, Taiwan, Malaysia, Indonesia, and Dubai. The company is currently licensed in Hong Kong, Singapore, Indonesia, Jordan and registered as a Money Service Business in Canada. www.emq.com.
The Role
We are seeking a motivated and detail-oriented Compliance Associate to join our team in Kuala Lumpur. The successful candidate will play a pivotal role in ensuring the company adheres to group-wide regulatory requirements and maintains a robust AML framework. This role requires familiarity with at least one of the following regulators: MAS (Singapore), HKCED (Hong Kong), Bank Indonesia (Indonesia), or FINTRAC (Canada). Responsibilities will focus on regulatory compliance (70%) and AML operations (30%).
Key Responsibilities:
Regulatory Compliance (70%)
Regulatory Reporting:
- Prepare and submit timely reports to group compliance teams andrelevant regulators, ensuring alignment with MAS, HKCED, BI, or FINTRAC requirements.
- Monitor and ensure compliance with regulatory reporting standards across the group.
Policy Development and Implementation:
- Assist in drafting, reviewing, and updating group compliance policies to reflect regulatory requirements from key jurisdictions.
- Ensure policies align with global and local compliance frameworks for payment systems and AML.
Regulatory Liaison:
- Act as a liaison with the group's regulatory stakeholders and facilitate audits, inspections, and inquiries.
- Stay updated on regulatory changes and support group compliance in adapting policies and processes.
Training and Awareness:
- Conduct group compliance training sessions for employees to enhance awareness of regulatory and operational obligations.
Anti-Money Laundering (30%)
Transaction Monitoring:
- Review and analyze transactions to detect and report suspicious activities, ensuring adherence to AML/CFT frameworks of MAS, HKCED, BI, or FINTRAC.
- Escalate suspicious transactions via STRs (Suspicious Transaction Reports) as required.
AML Program Management:
- Support the group AML framework by ensuring effective implementation of customer due diligence (CDD) and enhanced due diligence (EDD).
- Conduct periodic reviews of group AML policies and procedures to ensure alignment with regulatory expectations.
Risk Assessment:
- Assist in performing AML risk assessments for group-wide operations, identifying vulnerabilities, and recommending mitigation strategies.
- Collaborate with internal teams to address group compliance gaps effectively.
Qualifications:
Education:
- Bachelor's degree in Law, Finance, Business Administration, or a related field.
Experience:
- At least 3 years of experience in compliance or AML roles, preferably within the financial services, fintech, or payment systems industries.
- Familiarity with at least one of the following regulators: MAS, HKCED, Bank Indonesia, or FINTRAC.
- Experience with group-level compliance or multi-jurisdictional regulatory frameworks is an advantage.
Skills:
- Strong understanding of group compliance and AML/CFT standards.
- Excellent analytical and problem-solving skills.
- Strong communication skills in English; proficiency in additional languages is a plus.
- Competence in Microsoft Office Suite; familiarity with compliance tools is advantageous.
You Would Benefit From Our
- Competitive salary and benefits package.
- A collaborative and supportive work environment.
- Opportunities for professional growth, including training and certifications
- Exposure to group-wide regulatory and compliance frameworks.
