Risk & Compliance Officer

About STYL Solutions

Ride on the wave of Industry 4.0! Join STYL Solutions in the forefront of using Fintech and IoT technologies for smart city/nation transformation. Headquartered in Singapore with R&D center in Vietnam, STYL Solutions designs, develops, and supplies hardware, software and integrated solutions for applications in payment, loyalty management, location tracking, self-service operation, telemetry.

Our market segment coverage extends from financial services, retail, mass transit, education to social services markets in Singapore and South Asia Pacific.

Our vision is to use Fintech and IoT to create smart and efficient cities that enhance Quality of Life through convenience and healthier living.

Job Description

We are looking for a highly capable Risk & Compliance Officer to lead both regulatory compliance and operational risk management for STYL during a critical growth phase.

This is not a traditional compliance-only role. You will serve as the key owner responsible for ensuring the business remains licensed, operationally resilient, and protected against financial crime and fraud risks.

In Phase 1, you will lead:

• MAS SPI license application and regulatory engagement
• AML/KYC programme development
• Fraud, disputes, and chargeback management
• Technology risk and compliance implementation

You will work closely with leadership and engineering teams to ensure compliance and risk controls are embedded directly into the platform architecture - not treated as standalone policies.

This role is ideal for someone who understands the intersection of:

• regulatory compliance,
• operational risk,
• fraud management,
• and fintech technology infrastructure.

Responsibilities

1. MAS Licensing & Regulatory Compliance

• Lead the end-to-end MAS SPI licence application process and ongoing regulatory compliance obligations
• Serve as the primary liaison with MAS on compliance, operational risk, and regulatory matters
• Prepare and submit regulatory returns, transaction reports, and incident notifications
• Maintain compliance frameworks aligned with the Payment Services Act and MAS requirements

2. AML/KYC Programme Management

• Design and implement the company's AML/CFT and KYC framework, including: Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), Transaction monitoring, Sanctions Screening
• Develop compliance policies, SOPs, and internal training programmes
• Review suspicious activities and file Suspicious Transaction Reports (STRs) with STRO when required

3. Operational Risk & Fraud Management

• Lead fraud prevention, detection, and response processes
• Manage operational risk areas including: fraud monitoring, disputes, chargebacks and transaction anomalies
• Support the evaluation and implementation of AML/KYC and fraud detection platforms
• Develop onboarding and transaction risk scoring models for schools and other customer segments
• Coordinate risk response activities during system incidents or abnormal transaction events

4. Technology Risk & Engineering Collaboration

• Work closely with engineering, product, and IT teams to embed compliance and risk controls into system design and workflows
• Translate MAS requirements (including FSM-N13 and FSM-N14) into practical technical and operational requirements
• Review architecture decisions related to: auditability, access controls, data segregation, reconciliation, infrastructure resilience, and security controls
• Participate in sprint reviews and validate compliance-related user stories prior to deployment
• Ensure systems support regulatory expectations including trust account reconciliation and operational uptime requirements

5. Integrated Risk & Compliance Oversight

• Conduct ongoing risk and compliance reviews across products, operations, and partnerships
• Advise business and product teams on compliance-by-design and risk-by-design principles
• Review partnership agreements, operational processes, and marketing materials for regulatory and reputational risks

6. Incident & Regulatory Response

• Establish and maintain incident response procedures for fraud events, compliance breaches, and suspicious activities
• Coordinate internal investigations and regulatory escalation processes
• Support MAS incident reporting requirements, including severe IT incident notifications within regulatory timelines

7. Phase 2 Risk Function Transition

• Document operational risk workflows, fraud rules, and monitoring procedures
• Support knowledge transfer and onboarding of future dedicated Risk & Fraud personnel while maintaining compliance oversight

Job Requirements

Here at STYL Solutions, we value proactive ownership and require independence and hands-on involvement in our daily responsibilities. We seek entrepreneurial candidates with the following qualifications:

• Min. 5 years of experience across both compliance and operational risk/fraud management within fintech, payments, banking, or other MAS-regulated environments

• Strong knowledge of: MAS Payment Services Act, SPI/MPI licensing requirements, AML/CFT regulations, operational risk controls

• Proven experience building AML/KYC frameworks and managing fraud or chargeback operations

• Hands-on experience with MAS reporting and regulatory engagement

• Ability to bridge compliance, operational risk, and technology functions, with strong understanding of regulatory requirements, fraud and risk controls, and technical system concepts such as APIs, audit logs, infrastructure, and platform workflows

• Experience working closely with technology and engineering teams on compliance implementation

• Familiarity with technology risk management, cyber hygiene requirements, audit logging, MFA, API workflows and data segregation principles

• Detail-oriented with a pragmatic and commercially balanced approach to risk management and decision-making

• Comfortable working closely with engineering and product teams to address operational, regulatory, and technology-related challenges

• Confident engaging with regulators, senior leadership, and cross-functional stakeholders on compliance and risk matters

• Able to thrive in a fast-paced, high-ownership startup environment where processes and structures continue to evolve

Added Advantage

• Experience with fraud prevention and compliance platforms such as Riskified, Forter, SEON, ComplyAdvantage or Sumsub

• Prior experience collaborating with product and engineering teams in agile environments

• Understanding of payment flows, trust account operations, and B2B/B2B2C risk models

• Relevant certifications such as CAMS, CRISC, FRM, or CFE

What measures the success of the role

• STYL successfully secures and maintains its MAS SPI licence

• AML/KYC and fraud frameworks are operational and scalable

• Compliance and risk controls are embedded into the product architecture

• Regulatory incidents and operational risks are proactively managed

• The business operates with strong governance while remaining commercially agile