Senior Compliance Manager

Company Review

AwanTunai is the leading vertical fintech player digitizing the offline FMCG supply chain in Indonesia. We solve for both operational and financing pain points through ERP software and integrated embedded financing for offline suppliers. Our traditional suppliers have aggregate annual sales of over $3bn+ and our embedded financing is on track to reach the annualized $1bn milestone next quarter. We have been growing revenues at an average 30% QoQ with 0.2% credit loss rates over the pandemic period across hundreds of traditional suppliers.

Our financial impact has won accolades from the UNCDF, Monetary Authority of Singapore, and with the IFC (World Bank Group) as a major shareholder. Management and our impact-focused shareholders are committed to building a world-class team regardless of diversity or location.

Our fraud management has won the trust of global banking groups (MUFG, OCBC), the largest local institutions (Bank BRI, Bank Mandiri), as well as global insurers (AA rated Munich Re) who protect our loan assets against credit default.

Role

AwanTunai is looking for a Senior Compliance Manager who is responsible for ensuring that the activities of the company are in compliance with all relevant regulations and specifications. The role also involves providing guidance and facilitating staff development on compliance matters.

Responsibilities

• Maintaining a sound day-to-day communication and working relationship with related supervision government bodies and industrial institutes, including BI, OJK, AFTECH, and AFPI.
• Constantly tracking the latest developments of relevant regulations issued by the supervisory government bodies and industrial institutes, and timely analyzing and interpreting the latest updates thoroughly and syncing with the compliance committee to ensure the management and operation teams stay up-to-date.
• Responsible for the establishment and maintenance of internal compliance policy, rules, and SOP, and oversee the implementation process.
• Implementing compliance check-points of business-related SOP, and monitor, identify, and evaluate the potential risk, notifying the related team, and giving suggestions for mitigation.
• Acting as the point of contact for and the first respondent to any auditing requests or inquiries from the supervisory bodies, handling the request end-to-end and keeping management in the loop of the progress.
• Responsible for the establishment and implementation of quarterly internal compliance auditing, issuing the auditing and adjustment report for management’s reference, and following up on risk findings or compliance issues with investigation, remediation, and resolution.
• Planning and conducting internal compliance training for the purpose of establishing and strengthening compliance awareness and knowledge among senior and middle-class management personnel.
• Responsible for the compliance inspection of marketing and promotion contents.
• Responsible for the compliance inspection of new business partnerships (model and product) as well as any new or updates to the company policies, operation strategy, and new products.
• Being the internal compliance advisor to other units or task forces, providing day-to-day policy compliance consultation and advice, including in legal dispute cases and contract review and fulfillment.
• Responsible for collecting, streamlining, and documenting all compliance-related policies and documents.
• Involved in handling events of public sentiment, complaints, and urgency.
• Fulfillment of relevant regulatory, licensing, and reporting obligations for the company.
• Conducting research in specific topics of finance to support or facilitate the business expansion of the company.
• Responsible for the implementation of AML per the supervisory body requirement, including but not limited to establishing SOP, day-to-day monitoring, suspicious case reporting, and investigation, and related communication with the authority.
• Support ad-hoc assignments or projects assigned by management in the areas of Compliance.

Requirements

• A Bachelor’s Degree in Business/Finance/Law or other relevant qualification.
• Minimum 7 years of experience in in-house advisory, compliance, regulatory, or consulting work preferably in licensed fintech/P2P lending companies.
• Excellent communication, stakeholder management, and people skills in both English and Bahasa.
• Strong compliance, internal controls & regulatory reporting.
• Working knowledge of financial services and data protection regulatory regimes.
• Experience working in a fluid/fast-moving environment/start-up will be an advantage.
• Strong proficiency in spoken and written Indonesian and English.
• Placement: Head Office - Jakarta (Hybrid Arrangement)