About FOMO Pay!
Founded in 2015, FOMO Pay is a payment institution licensed in Singapore, Hong Kong and the Middle East. The firm has become a leading one-stop digital payment, digital banking, and digital asset solution provider. It is currently building Asia's fully licensed financial platform, helping institutions and businesses connect between traditional and next-generation financial services. The firm offers its three flagship products:
● FOMO Payment – One-stop digital payment solution for merchants, corporates and financial institutions
● FOMO iBiz – Facilitate businesses' everyday requirements for transactional banking needs
● FOMO Treasury – One-stop digital asset services provider bridging Web 2.0 & Web 3.0
For more information, please visit www.fomopay.com.
For recruitment inquiries, contact recruitment@fomopay.com.
Join and Grow with us!
At FOMO Group, we are dedicated to redefining what is possible in digital payments, global banking, investment solutions, and tokenized assets. We seek forward-thinking individuals who share our passion for innovation and are eager to lead industry disruption. As part of our transformation journey, you will work alongside visionary leaders with a proven track record of shaping the future of finance.
We believe in unlocking the potential of every individual. We offer an inclusive, supportive, and continuous learning culture where everyone can grow to their full potential and achieve their personal and professional goals. Join our team and be part of an exciting evolution in the industry.
Visit www.fomogroup.com for more information.
About the Role!
FOMO Pay is seeking a meticulous and proactive Quality Assurance Specialist to join our dynamic Compliance Team. In this critical role, you will be at the forefront of safeguarding our financial ecosystem by ensuring the highest standards of regulatory compliance and risk management. You will play a pivotal part in identifying and mitigating risks through rigorous transaction monitoring, structured QA sampling of KYC/CDD processes, and cross-functional collaboration.
Key Responsibilities:
● Transaction Monitoring
- Perform review of transaction alerts which are generated out of the transaction monitoring system
- Review name screening hits arising from payments screening at pre-transaction level
- Collaborate with the Front office to obtain replies pursuant to RFIs from our partners and where necessary, perform further reviews.
- Draft suspicious transaction reports
- Perform threshold analysis review to determine appropriateness of thresholds
- Collaborate with different business departments to assess KYC documentation requirements for clients, including advising and providing guidance on KYC-related matters
- Assist in generating reports to present Key Risk Indicators (KRI) to management.
- Contribute and assist in ad-hoc projects undertaken by the Compliance Team
● ML/CFT Quality Assurance (Quarterly / Ad Hoc)
- Assist the team in conducting structured QA sampling across three control areas: transaction monitoring alert dispositions, customer onboarding (CDD documentation and risk classification), and periodic review (timeliness, documentation quality, and risk rating changes).
- Prepare draft QA findings logs with observations and suggested remediation actions for review .
- Maintain a remediation tracker to monitor outstanding QA findings and escalate overdue items .
- Support preparation of quarterly QA summary reports for management information, including trend observations across review cycles.
Requirements:
● Degree in Accountancy, Finance or Business or other relevant qualification
● Adaptability and promptness in adjusting to new Anti-Money Laundering (AML) policies, processes, and system knowledge.
● Proactive and problem-solver who is creative, with the ability to adapt and improvise accordingly
● Meticulous and sensitive in handling clients’ information
● Ability to work effectively under pressure in a team environment
● Excellent interpersonal and communication skills (candidate is expected to collaborate with different business teams)
● Diligent and firm with high ethical standards
● Minimally 3 years KYC / Transaction Monitoring experience
Our Perks and Benefits:
● Competitive Compensation and Benefit Package
● Group Hospitalisation and Medical Insurance
● Fun and Dynamic Environment with plenty of learning and growth opportunities
● Career Advancement
● Professional Development Training Workshops
● Team Building Sessions
