Job Description, Responsibilities & Requirements
About the Position
Compliance Manager & MLRO, Malaysia
$1K - $5K / monthly • MY / Remote (MY)
About the Role
HitPay is licensed across five markets and is building out a per-jurisdiction compliance structure. This role owns regulatory compliance and the MLRO function for our Malaysia entity end-to-end - you are HitPay's accountable compliance owner in-market and the BNM-designated Compliance Officer. You'll set local policy, own the regulator relationship with Bank Negara Malaysia (BNM), and be the single escalation point and decision-maker for suspicious transaction reporting.
This is a second-line control role: you design and test the controls and own the STR decision - you are deliberately separate from the first-line AML Operations team that runs day-to-day onboarding and alert triage.
Responsibilities
- Regulatory Compliance
- Own HitPay Malaysia's AML/CFT/CPF and TFS compliance with BNM requirements, and keep policies and procedures current as regulations and ML/TF/PF typologies evolve.
- Act as the reference point for all AML/CFT/CPF matters in the Malaysia entity.
- Manage the BNM relationship: regulatory reporting, submissions, examinations, and correspondence.
- Run independent control testing and periodic assessments of the AML/CFT/CPF framework's effectiveness - sample reviews, exception-report review, and remediation tracking.
- Advise the business on new products, corridors, technology and operational changes, and assess the ML/TF/PF risks they introduce.
- Deliver AML/CFT/CPF training across the Malaysia organisation and ensure reporting channels are understood and secure.
- Serve as the single point to whom all staff escalate suspicion; evaluate internal escalations from the AML Ops team.
- Make the final determination on, and file, Suspicious Transaction Reports to BNM's Financial Intelligence and Enforcement Department, with proper documentation of every decision - including reasoned decisions NOT to file.
- Maintain the independence and authority to escalate directly to senior management and the Board where needed.
Requirements
- Demonstrable AML/CFT/CPF compliance experience in a BNM-regulated environment (payments, money services, e-money, banking, or fintech).
- The stature, authority and seniority to influence decisions and stand firm on compliance positions.
- "Fit and proper" standing - probity, personal integrity and reputation; competency and capability; financial integrity.
- Working knowledge of the AMLA 2001, BNM AML/CFT/CPF & TFS Policy Documents, and current ML/TF/PF typologies.
- Sound judgment under ambiguity and a documentation-first habit - your STR rationale must withstand regulator review.
- Fluency in English and Bahasa Malaysia.
Nice to Have
- Recognised AML/CFT certification or professional qualification - e.g. CAMS, ICA, or the AICB AML certification.
- Experience standing up or maturing a compliance function in a scaling fintech.
- Familiarity with screening and transaction-monitoring tooling.
We Offer
- Competitive salary range of $1K - $5K per month.
- Opportunity to work remotely from Malaysia.
About the Company
HitPay is a no-code payment processing platform for SMBs in South East Asia. We help SMBs to kickstart their commerce business with simple, easy-to-use payment and commerce tools embedded with low-cost payment methods. Our mission is to democratise access to commerce for SMBs.
Founded: 2016
Team Size: 35
Location: Singapore, Singapore