Compliance Manager, Indonesia

Stripe

Jakarta, Indonesia

Full-time

Payment Service Providers / Risk + Compliance

Sep 9

Who we are

About Stripe

Stripe is a financial infrastructure platform for businesses. Millions of companies—from the world’s largest enterprises to the most ambitious startups—use Stripe to accept payments, grow their revenue, and accelerate new business opportunities. Our mission is to increase the GDP of the internet, and we have a staggering amount of work ahead. That means you have an unprecedented opportunity to put the global economy within everyone’s reach while doing the most important work of your career.

About the team

You will be part of a team, working closely with the Head of Enterprise Risk and Compliance (“ERC”) for APAC, to jointly build and operate a best in class regulatory compliance program as Stripe launches in new APAC markets and expands its product offerings in existing markets. This means you will be handling a wide variety of compliance-related matters and collaborating closely with internal and external stakeholders to ensure Stripe complies with its regulatory and licensing/registration obligations in Indonesia. 

What you’ll do

We are looking for a regulatory compliance manager experienced in the fintech and payment industry to implement and run the compliance program in Indonesia (other jurisdictions may be added to the portfolio as required). You should also have a good understanding of the fundamentals of anti-money laundering and and countering the financing of terrorism (“AML/CTPF”), to help maintain and strengthen Stripe’s Financial Crimes program in Indonesia in order to deter and prevent financial crimes in Indonesia.

Responsibilities

  • Identify the legislations that are relevant for the existing and new products offered by Stripe, and provide guidance to regulatory obligation owners in various teams to help them understand and ensure compliance with the regulatory requirements and standards expected by the local regulators. 
  • Conduct risk impact and control adequacy assessments to determine the compliance health of the entity, including preparing and presenting regular performance reports to management and board.  
  • Provide guidance and/or draft and implement policies and procedures to ensure all regulatory requirements are met.
  • Serve as the primary point of contact for all regulatory compliance matters, and build and maintain good relationships with regulators and external stakeholders in the payments industry, including the AML Office. 
  • Engage regulatory bodies proactively to clarify regulations and/or issues affecting Stripe business/products. 
  • Monitor the regulatory landscape closely, especially when there are new regulatory requirements or new product launches, and adequately prepare Stripe for compliance. 
  • Represent Stripe and coordinate with internal stakeholders to attend industry meetings organised by regulator, government bodies and/or industry associations. As required, consolidate feedback from internal stakeholders for sharing and discussion at these meetings. 
  • Prepare and coordinate with relevant stakeholders to prepare accurate regulatory reports and submissions to the regulator(s) as required. 
  • Plan and prepare internal stakeholders for any external audits or regulatory inspections/examinations, and monitor the remediation of any issues/findings raised from these reports. ^
  • Create relevant materials and provide training to staff at least on an annual basis to keep Stripe up-to-date on local regulatory requirements.
  • Provide regulatory advice and recommendations to business teams, and participate actively in new business proposals and discussions (e.g. new products or users) with an enabling and compliant mindset.
  • Work closely with the compliance testing team to scope reviews on high risk/weak control areas. 
  • Work closely with the Enterprise Risk Team to implement, maintain and improve Stripe Indonesia’s risk management program. 
  • Promptly disseminate AML/KYC and Sanctions related regulations and assist the Global and APAC Financial Crimes team (‘FC Team’) to ensure compliance with such regulations. 
  • Prepare and file any AML and Sanctions related reports with the relevant regulators in coordination with the FC Team (for e.g. Suspicious Transactions Report) 
  • Assist the FC Team in due diligence of users, at onboarding and throughout the user’s lifecycle.
  • Work with the FC Team and provide inputs towards continuously improving Stripe Indonesia’s FC program.  

Who you are

You should also have a good understanding of the fundamentals of anti-money laundering and and countering the financing of terrorism (“AML/CTPF”), to help maintain and strengthen Stripe’s Financial Crimes program in Indonesia in order to deter and prevent financial crimes in Indonesia.

Minimum requirements

  • A bachelor’s degree or higher.
  • Minimum 5 to 8 years combined relevant compliance experience in payments companies, banking institutions, financial regulators, law firms and/or audit firms.
  • A good knowledge of the payments/fintech industry and the relevant legislations (including AML and Sanctions regulations) in Indonesia.
  • Independent worker with strong analytical skills and the ability to make sound compliance/regulatory decisions for Stripe.
  • Strong team player to work with various internal stakeholders to effectively implement the compliance program.
  • Experience in interacting with financial regulators in Indonesia.
  • Strong communication skills in Bahasa Indonesia and English (both written and verbal).

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Stripe

Payments infrastructure for the internet.

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