About the Role
The Senior Compliance Associate plays a critical role in ensuring the company's compliance with regulatory requirements, supporting business growth while mitigating legal and compliance risks. This position involves close collaboration with product and business teams to assess and secure regulatory approvals for new initiatives, while also maintaining ongoing oversight of compliance measures across the company.
What You Will Do
- Conduct gap analysis and analyze the impact of related regulations on the Company's operations (Compliance Chart), if there are related and related regulations; including assessing and evaluating the effectiveness, adequacy, and conformity of the Company's processes, policies, provisions, systems, and procedures with the provisions of the applicable laws and regulations, including the prevention of financial crimes.
- Together with the product/business team, conduct an assessment (self-assessment and NEPD) on new product and activity initiatives or product and activity development and/or collaboration with other parties to obtain approval from the regulator (if needed).
- Monitoring requests for permits/approvals from regulators for new activities and products or activity and product development until their realization, periodically.
- Establish, review, recommend and/or adjust the updating and improvement of the Company's policies and procedures in accordance with the provisions of laws and regulations including for the prevention and investigation of financial crimes in order to manage the risk of financial crimes.
- Act as a contact person for the Company's compliance issues for internal and external parties as well as monitor the follow-up and completion of the findings/results of the Internal Audit, External Audit and Regulatory Audit (BI or OJK) audit of the Company.
- Manage and supervise the function of Anti-Money Laundering and Terrorist Financing (APU and PPT), including transaction monitoring, reporting to regulators.
- Review customer profiles, KYC documents, and customer statistical data for onboarding, periodic reviews, and review of trigger events prior to submission to businesses.
- Maintain compliance with the obligation to submit correct, accurate and timely reports to regulators to ensure the avoidance of sanctions/fines from regulators.
- Ensure compliance with GRC Policies and procedures in, assessment, mitigation and control and monitoring. Ensure adequate traction and follow up on management actions to mitigate identified operational risk exposures including Audit and Assurance findings
What We Are Looking For
- Minimum of 3-5 years of experience in a compliance role, preferably within financial services or a regulated industry.
- Bachelor’s degree in Law or a related legal discipline is required.
- Fluent spoken English to confidently explain regulatory concepts to both technical and non-technical teams, and to communicate effectively with regulators and stakeholders.
- Strong understanding of regulatory frameworks, particularly in relation to financial services, anti-money laundering (AML), and counter-terrorism financing (CTF).
- Proficiency in conducting gap analyses and assessing regulatory impact on business operations.
- Experience coordinating with internal and external audits, as well as regulatory audits (such as those conducted by BI or OJK), including tracking and following up on findings.
