Senior Compliance Consultant

Payment Services Act (PSA) | MPI/ SPI | Multi-client Consulting Portfolio

Pecuniya Compliance Solutions Pte. Ltd. is a specialist regulatory compliance consultancy serving licensed payment service providers, fund management companies, and capital markets licensees in Singapore. As we expand our payments practice, we are looking for a Senior Compliance Consultant to manage and grow a portfolio of MPI and SPI clients across the full spectrum of PSA compliance - from licensing and policy drafting to ongoing regulatory advisory, staff training, and internal audit.

• Work with a diverse portfolio of MPI/SPI clients across cross-border payments, remittance, merchant acquiring, and e-wallet services - no two engagements are the same.
• Lead end-to-end MAS licence applications and represent clients in MAS engagements, inspections, and supervisory correspondence.
• Fast-growing consultancy with direct exposure to board-level and senior management stakeholders across multiple regulated firms.
• Build expertise across the full PSA regulatory lifecycle - not limited to one firm, one product line, or one compliance function.

• Advise clients on the MPI and SPI licensing framework under the PSA and assess eligibility, licensing scope, and regulatory obligations including safeguarding requirements and base/operational capital requirements.
• Prepare and manage end-to-end MAS licence applications (MPI/SPI), including drafting of supporting compliance policies, regulatory submissions, and responses to MAS queries.
• Serve as the key liaison with MAS on behalf of clients for regulatory matters, inspections, correspondence, and supervisory engagements.
• Monitor and interpret MAS Notices (including PSN
  01, PSN
  02, PSN
  04, and technology risk and outsourcing notices) and translate regulatory changes into actionable client guidance.
• Oversee timely and accurate client submissions of all MAS regulatory filings, periodic returns, safeguarding attestations, and incident reports.

• Draft and implement comprehensive compliance manuals, AML/CFT policies and procedures, technology risk policies, outsourcing policies, and BCM policies tailored to each client's licence type, business model, and risk profile.
• Ensure all policy documents are aligned with MAS Notice PSN
  01/PSN
  02, the Guidelines to MAS Notice PSN
  01 (including July 2025 amendments), FATF Recommendations, and PSA safeguarding and capital requirements.
• Design and implement effective AML/CFT frameworks and controls, including CDD, EDD, beneficial ownership identification, ongoing monitoring, sanctions screening, Travel Rule compliance, and STR reporting.
• Review and update existing client policies to reflect regulatory changes and supervisory feedback.

• Serve as the primary compliance adviser for a portfolio of MPI/SPI clients, providing day-to-day guidance on PSA obligations, AML/CFT requirements, and regulatory developments.
• Conduct enterprise-wide ML/TF/PF risk assessments, including the newly mandated proliferation financing risk assessment (mandatory from 1 July 2025), and advise on risk appetite, controls, and mitigation.
• Advise on safeguarding compliance, capital adequacy monitoring, outsourcing governance, and technology risk management as required under the PSA and applicable MAS Notices.
• Support clients across payment verticals including cross-border remittance, merchant acquiring, e-wallet issuance, and domestic money transfer services.
• Advise senior management and boards on emerging regulatory risks, MAS supervisory expectations, and risk-mitigating measures.

• Design and deliver AML/CFT and PSA regulatory compliance training for client staff at all levels - from front-line employees to senior management and board directors.
• Conduct senior management training on the Guidelines to MAS Notice PSN
  01/PSN
  02 covering enterprise risk assessment, CDD, wire transfers, sanctions, proliferation financing, and governance obligations.
• Prepare training materials, case studies, knowledge assessments, and attendance records to support clients' MAS training and record-keeping obligations.
• Promote a strong culture of compliance and ethical conduct across client organizations through practical, business-aware training delivery.

• Conduct internal AML/CFT audits for clients assessing the effectiveness of compliance controls, CDD quality, transaction monitoring, STR processes, and recordkeeping.
• Lead mock MAS inspections to help clients identify and remediate compliance gaps, with a focus on deficiencies highlighted in recent MAS enforcement actions against payment institutions.
• Coordinate with external auditors engaged by clients for independent reviews of key compliance areas, including safeguarding audits and AML/CFT independent assessments.
• Prepare audit reports with findings, recommendations, and remediation plans for…