Compliance Officer

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We’re building the future of private financial markets

Traditionally a space only for the wealthy and well-connected, we believe in a future where private markets are more accessible to investors and fundraisers. By leveling the playing field we hope to create a more equitable economy, where inspiring companies are connected to inspired investors, whoever and wherever they are.

Leveraging our trusted brand, global networks and incredible team, we’re building a technology-enabled ecosystem that is as diverse and dynamic as our investor network. As we progress on this ambitious journey, we’re looking for energetic and creative people to support and leave their mark on our platform.

Before Applying

About Alta

Alta, formerly known as Fundnel, is Southeast Asia’s largest digital marketplace for alternative investments. Alta gives investors direct access to invest and trade in a wide range of curated alternative assets, from direct investment into early to late-stage private companies, PE/VC funds, asset-backed securities of luxury assets, real estate and more.

As a licensed integrated marketplace, Alta brings the trading and distribution of securities, fund management, and payments solutions under one roof. Through its blockchain-powered exchange, Alta is also able to support tokenization, digital custody, and trading of alternative assets.

Today, while more investors are looking to increase their allocation to alternative assets, the high costs of investing and illiquidity of private markets can often give many investors pause. Alta makes it easier and more efficient than ever for investors to trade tokenized alternative assets at smaller, fractionalized blocks, thereby enhancing liquidity in the private markets, and bringing alternative assets to all.

Since 2016, Alta has completed over 1,000 transactions valued in excess of US$600 million and has created access for investors to invest in over US$22 billion worth of mandated opportunities globally.

Alta is headquartered in Singapore and operates offices globally.

Job purpose

The Team You’ll Work With

       We are hiring for a Compliance Officer for Alta who will not only provide core compliance support to the organization, but will also partner with various teams within our Group to dive deep into solutions and effectively manage the regulatory risks in the Group. Summary of overall job description is as follow:

The Problems You’ll Solve

  • Strive to make the compliance process as seamless and efficient as possible while meeting the standards of the increasingly stringent regulatory environment

Roles and responsibilities

  • Development and maintaining of compliance controls framework and implementation of compliance-related processes and procedures;
  • Drafting and performing updates to compliance-related manuals and policies, such as Enterprise Wide Risk Assessments, AML/CFT, business continuity planning, etc.
  • Drafting, maintaining of outsourcing policy, reviewing the outsourcing register and service level agreements for updates and revisions and any material development, changes or additions to the current arrangements’
  • Ensure that all operational procedures comply with applicable regulations, internal policies and procedures;
  • Keep abreast with regulatory changes and provide compliance advisory to senior management and business;
  • Provide high level analysis on changes to regulations and provide support to business on implementation; Working with internal and external stakeholders with regards to requests on compliance related matters
  • Identify, provide assessment and maintain documentation on compliance issues e.g. conflict of interest, complaints, etc. as well escalate issues to senior management/ Board in line with policy;
  • Providing monthly compliance reports, logging of regulatory developments, personal dealing registers, compliance checklist, complaints registers, gifts registers, error logs and regulatory communication logs; Maintain compliance-related registers and records in line with regulatory requirements;
  • Conducting all applicable KYC checks in accordance with the MAS Notice on Prevention of Money Laundering and Countering the Financing of Terrorism;              
  • Provide compliance advisory & support on client due diligence, perform AML/KYC process, ensure end-to-end management & documentation for the onboarding of new clients, KYC periodic review of existing clients and AML/CFT matters
  • Review KYC information submitted by clients, conduct AML/CFT name screening, risk rate clients and maintain documentation in accordance to regulatory requirements and internal AML/KYC policies and procedures
  • Follow up front office on the collection of the documents/ information and issues identified during client review;
  • Perform compliance reviews/testing's and assist in preparing reports to the senior management / board
  • Manages License applications/renewals for submission to regulatory bodies;
  • Preparation and/or review of data and submissions to MAS; Acting in compliance with all relevant filing dates;
  • Engagement with the MAS or other regulatory bodies on regulatory matters (e.g., technical breaches and remediation which includes queries and advice on remediation (if necessary);
  • Handling of internal or external audits and gap analysis pre/post audit, whilst addressing audit issues with internal or external auditors;
  • Conduct training and updates on compliance topics and regulatory requirements;
  • Lead projects for new processes and internal/ external audits;
  • Explore third party Regulation Technology solutions or assist Alta’s software development team to develop solutions in-house with the aim to streamline compliance processes;
  • Undertake any other compliance-related tasks or other assigned duties.

You’ll be a great fit for us if you

  • At least 4 years of relevant experience in compliance work in a MAS regulated financial industry, asset management firm, securities regulator, broker, law-firm, or exchange would be an advantage.
  • A good understanding of capital market products, alternative investments and/or Fintech business. Previous experience with financial markets and instruments, private placements, alternative investments, structured finance or exchange traded cash and derivative products would be a plus.
  • Strong knowledge of Securities & Futures Act, including the relevant Regulations, and the regulatory application to business activities.
  • Experience in drafting policies, procedures and manuals as well as preparing reports for regulatory bodies and internal management.
  • Good communication and interpersonal skills
  • Ability to work well under pressure

Additionally, the ideal candidate should be

  • Strategic-minded and detail oriented
  • Able to work independently and be part of a team
  • Analytical and with an investigative eye for accurate details and red-flag situations
  • Proficient in spoken and written English and Mandarin desirable in order to be effective in the role

If you are interested, please send your resume to jobs@altagroup.coOnly successful applicants will be contacted. Please come prepared for an intensive round of interview requiring sound technical knowledge of the PE/VC industry

Bonus attributes

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At Fundnel, we want rule benders, questioners, believers, and determined independents who think fearlessly outside of the box; we want you. We’re always on the lookout for great people to join our team.