Job Detail

Job Description

Job summary
We are looking for an experienced payments compliance professional to join the Amazon Asia Pacific Holdings (AAPH) 2nd line Compliance Office team to invent simple solutions to difficult regulatory issues.
The Compliance Manager - Payments is specifically responsible for providing regulatory compliance subject matter expertise across lines of business offering payments, lending and prepaid products at Amazon. The role holder will assist business units, compliance program teams in understanding the tactical steps required to launch products that meet the bar with respect to all applicable laws and regulations. Areas of expertise include payments laws and regulations, safeguarding of customer funds, capital and liquidity, operational risk, outsourcing and consumer protection laws.
At Amazon, we see Compliance as a service to our business teams and our customers, and we get excited about innovation and collaboration. This is an opportunity to be the driving force behind a well-oiled and transparent compliance program and a champion of the businesses they support.
Key job responsibilities
Regulatory Scope: Monetary Authority of Singapore Regulations and Notices, with a focus on payments compliance;
Key Responsibilities
· Assist with implementation and management of an effective payments compliance advisory service (specifically payment flows, stored value, safeguarding, capital/liquidity, and outsourcing) providing timely and accurate input to stakeholders to facilitate their adherence to regulatory requirements and compliance expectations;
· Work with legal teams to understand applicable regulations and regulatory risks associated with launching or changing payments products;
· Monitor regulatory change and provide technical guidance to the business on relevant regulatory issues that impact our compliance program, and assist where needed with implementation of regulatory developments;
· Collaborate with internal risk management teams (Payments Risk, Governance and Oversight) to identify steps necessary to mitigate regulatory risks and provide those recommendations to business partners in the form of clear requirements;
· Assist with Compliance Officer Team’s reporting to governance committees including the Monthly Audit, Risk and Compliance Review and the Quarterly Legal Entity Board Meetings;
· Assist with compliance reviews as part of the Compliance Monitoring Plan and provide enhancement recommendations as required to the business;
· Support AAPH’s Chief Compliance Officer in the maintenance and the ongoing effectiveness and implementation of all compliance policies and procedures across the business;
· Assist in the day-to-day activities of the Compliance Officer Team including required sign-offs and approvals;
· Work with business leads to identify and collate relevant information to respond to requests for information from auditors and regulators in a timely way.