Compliance Manager

Overview

BukuWarung is SEA’s fastest growing startup and we are building the digital infrastructure for 60 million MSMEs in Indonesia, enabling them to efficiently manage and grow their business, starting with digital bookkeeping, online storefront & payments. BukuWarung’s vision is to empower 60 million MSMEs in Indonesia to become financially aware and enable them to manage and grow their business using technology.

BukuWarung is backed by top tier VCs globally: Peter Thiel’s Valar Ventures, Goodwater Capital, Y-Combinator, AC Ventures, Quona Capital, East Ventures, Golden Gate Ventures, Rocketship.vc, Tanglin Venture Partners and strategic angel investors from Stripe, PayPal, Plaid, Grab, Gojek, Facebook, AirBnB, Fast, Mastercard etc.

We are seeking an experienced Compliance Manager with proficiency in BI & PPATK, PJP, and additional expertise in P2P and OJK regulations. Beyond managing reporting, this role entails overseeing product compliance and offering advisory services based on compliance perspectives with this details :

Responsibilities :

• Driving key projects or compliance matters related to licensing with Bank Indonesia, OJK, or other relevant regulators.
• Preparing and submitting all daily and periodic reporting obligations and other compliance obligations as regulated by the applicable laws and regulations, including but not limited to BI & PPATK reporting obligations.
• Conducting risk assessments and compliance analysis for all products and initiatives within the group company.
• Identifying, preventing, and correcting non-compliance to all applicable laws and regulations within the group company.
• Advising the group company for all compliance-related matters.
• Ensuring all routine and ad hoc reports to the regulators are submitted accurately and in a timely manner.
• Establishing as well as reviewing the group company’s policies and procedures, including but not limited to Anti-Money Laundering SOP, KYC SOP, and platform’s terms and conditions to ensure compliance with all national laws and regulations.
• Assessing and interpreting the potential impact of new laws and regulations for the group company.
• Liaising with different stakeholders to identify the best practice that complies with the law and regulations.
• Acting as a PIC/representative of the group company to appear before the regulators. Actively developing a professional network and influence within the relevant associations and regulators (AFTECH, etc).
• Liaise with regulatory authorities; Respond to compliance inquiries and incidents, handle inquiries from regulatory agencies, address compliance incidents, and implement corrective actions as necessary;
• Managing and supervising proper activities required, e.g., audits to ensure compliance and risk management implementation within the group company.
• Ensuring compliance with Anti-Bribery & Corruption and Anti-Money Laundering and Countering Financing of Terrorism (AML-CFT) regulations.
• Overseeing and executing all compliance initiatives, also supporting risk assessment initiatives.
• Actively assisting group companies with all regulatory compliance matters and day-to-day compliance support.
• Promote a culture of ethics and compliance throughout the organization by setting a positive example, communicating the importance of compliance, and encouraging open communication about compliance-related concerns.

Skills Required :

• All Degrees and educational qualifications from all majors are welcome.
• 5+ years experience in a compliance/governance/risk management/audit function at a payment, banking, and/or fintech institution.
• Having a solid knowledge of OJK, BI, and PPATK regulations and reporting to OJK/BI/PPATK systems.
• Have extensively dealt with payment and financial regulators (OJK, BI, etc) both for regular reporting and new product licensing matters.
• Experience in establishing and implementing policies and procedures within the company.
• Meticulous and have sharp analytical skills.
• Strong interpersonal, communication, and influencing skills.
• English communication skills in written and verbal communication is a MUST.
• Personal data protection skills are a plus point.
• Positive attitude, flexible, proactive, self-motivated, and detail-oriented with a strong sense of responsibility and able to work individually.