Head of Compliance
Xendit provides payment infrastructure across Southeast Asia, with a focus on Indonesia, the Philippines and Malaysia. We process payments, power marketplaces, disburse payroll and loans, provide KYC solutions, prevent fraud, and help businesses grow exponentially. We serve our customers by providing a suite of world-class APIs, eCommerce platform integrations, and easy to use applications for individual entrepreneurs, SMEs, and enterprises alike.
Our main focus is building the most advanced payment rails for Southeast Asia, with a clear goal in mind — to make payments across and within SEA simple, secure and easy for everyone. We serve thousands of businesses ranging from SMEs to multinational enterprises, and process millions of transactions monthly. We’ve been growing rapidly since our inception in 2015, onboarding hundreds of new customers every month, and backed by global top-10 VCs. We’re proud to be featured on among the fastest growing companies by Y-Combinator.
About the Job
As a key member of Xendit's compliance team, you’ll ensure our business operations meet the latest regulatory standards. Your role involves staying up to date with compliance requirements, reviewing relevant regulations, and advising internal and external stakeholders to align with industry expectations.
You’ll be responsible for developing policies, ensuring business processes meet regulatory demands, reviewing new initiatives, and overseeing internal audits. Additionally, you'll design training programs to increase compliance awareness and ensure timely regulatory reporting.
This role is pivotal in safeguarding Xendit’s operations while supporting our growth in a dynamic, evolving industry.
Minimum Qualifications
- > 7 years of Compliance experience in a Financial service related companies as a Compliance;
- Experience in a combination ranging from Regulatory Compliance, Anti Money Laundering, Good Corporate Governance, Risk, Corporate Legal functions, and other related functions.
- Track record and deep understanding of Compliance matters including Know-Your-Customer principle, Customer due Diligence and Enhanced due Diligence, transaction monitoring and pattern, transaction data analysis, law and regulations understanding related with Financial Institutions, including but not limited to Financial Service Providers, Remittances, Cross Border Transactions, Foreign Exchange, and Multifinance
- Excellent communication skills and the ability to build and maintain relationships effortlessly
Preferred Qualifications
- Bachelor's degree in Law, Business, Accounting, or other related education background. An equivalent combination of education and work experience may be taken into consideration in lieu of a degree
- Expert knowledge/ experience in the following industries: Banking, Payment, Forex, Remittance, Lending Investment
- Hands-on detailed experience in engaging regulatory bodies including but not limited to OJK, Bank Indonesia, PPATK, and law enforcement agencies;
- Hands-on technical expertise in building, scaling, and maintaining regulatory risk assessment
- Strong track record of managing and mentoring junior compliance associates
- Exceptional verbal and written communication skills both in Bahasa and English
- Bonus point if you have experience working in a high paced startup or highly regulated company that requires compliance functions
Responsibilities
Regulatory Compliance and Compliance Advisory
- Have a full understanding on all regulations related to Xendit Indonesia Business Activity: Payment Gateway, Remittance, Lending, and BPR
- Able to map out and understand all regulations related to Xendit Indonesia’s major and strategic Business and Industry Partner, i.e. Crypto, Lending, Investments (stocks, mutual funds, bonds), Futures & US Stocks Trading, Foreign Exchange, Banking
He/She/They need to be able to:
- Understand the do's and don't for every related business and industry within Xendit Indonesia
- Give compliance advisory for various business and industrial scope
- Support the growth of the company as well as becoming the key person for the company’s experimental project in the financial service sector
- Fulfill any compliance obligations by themself and is able to delegate to other functions within the company, including but not limited to setting up any necessary policies and procedures
KYC, CDD, EDD, and AML/CFT
- Understand the KYC and CDD-EDD principles to AML/CFT and able to enforce and implement AML-CFT principles
- Safeguard the company from fraud and financial crime-related activity
- Fulfill the law and regulations in Indonesia related to KYC and AML, including but not limited to maintaining and enforcing the policy and procedures within this scope
Litigation Support
Support the litigation team related to compliance matters, including but not limited to giving explanations directly to the investigator(s)
To be able to:
- Prepare any documents, explanations, briefings, and information for litigation team
- Cover and follow up any loophole found during any cases and fires
- Fulfill the regulations expectations to have internal audit functions
- Fill in the gap for every findings and loophole between the regulations, internal policy and procedures, and day-to-day operations
Internal Audit Functions
Setup the Internal Audit functions to perform Internal Audit at least once a year for each licensed entity, in order to:
- Fulfill the regulations expectations to have internal audit functions
- Fill in the gap for every findings and loophole between the regulations, internal policy and procedures, and day-to-day operations
