ABOUT TIMO

Everybody dreams of being rich(er) and fears being poor. Timo supports you in achieving this dream. Financially, we support across the 5 functions of money: moving, managing, accessing, growing, and protecting your money.

Being rich however means more than just having a lot of money. Enjoying a rich life includes making money more fun and emotional by embedding banking services into your lifestyle and within your social circle to unlock a truly rich life.

ABOUT THE JOB

As a Risk and Compliance Assistant Manager (AM) at Timo, you is responsible for overseeing and managing the organization's compliance function. This includes developing and implementing compliance policies, managing risk frameworks, and ensuring adherence to legal, risk, security, and quality standards.

The role will be expected to conduct compliance checks, report on organizational performance, and make recommendations for improvements that will minimize the organization's exposure to risk as well as ensure business continuity. The role also focuses on ensuring compliance with regulations related to digital banking, fintech, and privacy data protection (PDPD). As a member of the management team, the Risk and Compliance AM will contribute to the development of our organizational policy and strategic plans and acts as a compliance champion through the execution of internal training and awareness programs.

A day in your life might include:

• Strategic compliance leadership: Lead the implementation of strategic initiatives related to compliance practices, including legal, risk, and quality frameworks. Ensure these practices align with the organization’s overall goals.
• Policy development and maintenance: Develop new compliance policies and maintain existing ones, ensuring they are relevant and effective. Manage organizational frameworks, processes, and risk metrics to ensure compliance. This includes ensuring that the organization's practices meet data protection and privacy requirements, especially in line with regulations on digital banking, and fintech aspect.
• Compliance and risk awareness: Continually assess and improve the organization’s compliance and risk engagement across all departments. Foster a culture of compliance and risk awareness to ensure the organization remains proactive in managing risk.
• Compliance checks and enforcement: Conduct regular and ad-hoc compliance checks (if necessary) to ensure adherence to compliance procedures. Enforce the organization’s security plans and ensure compliance with relevant regulations.
• Risk management and business continuity: Maintain and execute the organization’s risk management plan, risk assessment process, and business continuity plan (BCP). Regularly review and enhance these plans to increase organizational resilience.
• Reporting and risk mitigation: Prepare regular reports on risk management based on internal audits/ compliance checks and industry trends. Advise the risk management committee on the effectiveness of risk mitigation measures and recommend updates to policies and procedures.
• Quality management system: Lead the organization’s quality management system, including the documentation of processes, procedures, and responsibilities. Conduct staff training, internal audits, and report on quality system performance to support strategic initiatives and ensure business continuity.
• Cross-departmental support: Work closely with other departments to ensure that risk management and compliance policies are integrated into the organization’s overall strategy. Provide support, education, and training on risk management across the organization.
• Additional responsibilities: Contribute to other areas of risk and compliance management as required, commensurate with experience and organizational needs.

How to succeed in this role:

• Bachelor’s degree in business, risk management, law, or a related field.
• 08 years of experience above in Risk & Compliance in Tech/Fintech industry. Experiences in developing and maintaining risk management and compliance frameworks for global organizations.
• Familiarity with regulatory requirements and industry standards in the financial or tech sectors.
• Strong analytical skills with keen attention to detail.
• Ability to manage change in a dynamic, complex environment.
• Excellent written and verbal communication skills in English
• Demonstrated experience in developing, managing, and implementing policies and procedures.
• Significant experience in risk management, compliance management, or related frameworks.
• Proven ability to develop metrics and dashboard reporting to track performance and identify areas for improvement.
• Experience in project management, including managing timelines, resources, and cross-functional teams.
• Proven leadership skills with the ability to lead a team and drive organizational change.