Compliance Manager

About Openspace Capital

Openspace is a leading multi-strategy investor with a focus on Southeast Asia. With over US$800M in committed capital from institutions and family offices globally, Openspace manages 7 funds which invest across the capital structure in Series A through to listed companies, and has Web3 exposure through our Ocular fund. With a wide-scale operations team and deep on-the-ground coverage, its 40+ professionals actively partner with portfolio companies to help build viable and responsible B2B and B2C businesses. Our portfolio includes GoTo, Kredivo, Pickup Coffee and Abacus Digital. Openspace is headquartered in Singapore, with active presence in Bangkok, Manila, Jakarta, Kuala Lumpur and Ho Chi Minh City.

Our Investment, Specialist Advisor and Corporate teams work together to drive greater value creation for our portfolio companies. We have decision makers on the ground in all the markets we invest in, which ensures close collaboration, effective deal sourcing as well as the ability to act decisively when opportunities arise.

The role

We are hiring a Compliance Manager to join our Legal & Compliance team in Singapore. As a Capital Markets Services (CMS) Licensee, Openspace runs a compliance programme spanning our full fund platform across venture, growth equity, private credit and public equities strategies.

This is a hands-on role for someone who knows what MAS expects of a CMS holder and can run day-to-day compliance with limited supervision. You will work closely with the investment, operations and finance teams and act as a trusted point of contact on regulatory matters across the firm.

Your Role & Responsibilities:

• Work with the Firm's compliance advisor to administer the firm's compliance programme, including the compliance monitoring plan, periodic testing and annual compliance confirmations.
• Managing regulatory filings, returns and notifications to MAS, and tracking licensing conditions and business conduct obligations under the SFA and FAA.
• Administering the AML/CFT programme, including customer and investor due diligence, name screening, ongoing monitoring, the enterprise-wide risk assessment (EWRA) and suspicious transaction reporting.
• Maintaining KYC across the firm's fund entities and counterparties, including periodic refreshers and liaising with fund administrators and AML officers.
• Managing various compliance registers and programmes including in relation to outsourcing, business continuity management, personal account dealing pre-clearance, the register of interests, gifts and entertainment, outside business interests and conflicts of interest, and maintaining trading blacklists and restricted lists.
• Maintaining the firm's compliance manuals and policy suite.
• Tracking regulatory developments and updating policies, procedures and internal controls.
• Assisting with internal audit, regulatory examinations and ad hoc MAS queries, including preparing responses and supporting documentation.
• Supporting the firm's Cayman compliance obligations, including AML officer arrangements, economic substance filings and periodic gap analyses
• Delivering compliance training and building compliance awareness across the firm

What we look for

• 3 to 5 years of compliance experience handling all compliance matters for a Singapore licensed CMS holder in fund management, whether gained in-house at an LFMC or RFMC, or advising such firms at a regulator, law firm, audit firm or consultancy
• Working knowledge of the MAS regulatory framework for fund managers, including the SFA, licensing and business conduct requirements, and the AML/CFT regime
• Sound judgement and the ability to give practical, defensible advice on real situations rather than theoretical positions
• Strong drafting and organisational skills, with attention to detail and the ability to manage competing deadlines
• A collaborative style and the confidence to raise issues directly with senior stakeholders
• Degree in law, finance, accountancy or a related discipline; a relevant compliance qualification is an advantage
• Experience with Cayman Islands fund compliance requirements is a strong plus, including CIMA registration, the Cayman AML regime and AML officer appointments, economic substance and DITC FATCA/CRS reporting
• Exposure to AIFMD or other cross-border fund marketing regimes is an advantage

Practical details

• Location: Singapore
• Type: Full-time, permanent
• Starting date: Negotiable
• Compensation: Competitive, commensurate with experience

What We Would Like to See

Resume that highlights your relevant experience

Openspace Culture

• We recognize that our people are our strength and the diversity of thought and experience our people bring is directly linked to our success. We hold ourselves accountable as a firm for living our core values: Lively Minds, Live A Lot, Get It Done, Enter The Ring, Own It and Play As One.
• Openspace believes in giving team members autonomy to explore various new and exciting Ideas while still being focused on delivering returns for our Investors.
• Openspace is an equal opportunity employer and places a high value on diversity and inclusion at our company.

We greatly appreciate all candidates interest in this role. Due to the volume of applications received, we seek your understanding that only candidates shortlisted for interviews will be contacted.

Disclaimer

The preceding job description has been designed to indicate the general nature and level of the work performed by employees within this classification. It is not designed to contain or be interpreted as the comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job.