Legal Counsel
My client is a licensed major payment institution regulated under the Payment Services Act in Singapore, licensed by the Monetary Authority of Singapore (MAS) to conduct Cross-border Money Transfer Service, Domestic Money Transfer Service, Digital Payment Token Service, and Merchant Acquisition Service.
They are currently looking for a Legal Counsel in Singapore
Key Responsibilities:
- Collaborate closely with business units to identify, analyze, and mitigate legal risks associated with various business operations or documentation
- Assist with strategic business footprint expansion efforts from a legal perspective
- Contribute to the development and implementation of organization policies and procedures, ensuring adherence to legal and regulatory requirements. Effectively communicate policies to relevant stakeholders
- Review, draft, and negotiate a diverse range of commercial and internal agreements, including but not limited to vendor contracts, client agreements, partnership agreements, new product contracts, employee performance contracts, and intra-company service agreements
- Work in tandem with the Risk teams to interpret regulatory changes and address any inquiries from regulatory authorities, helping the Group maintain compliance with relevant regulations and guidelines
- When necessary, assist in resolving legal disputes and manage litigation matters, and/or coordinating efforts with external counsel on such matters
- Conduct legal research to support business growth
- Stay abreast of pertinent legal and regulatory developments within the financial services sector across various jurisdictions
- Assist in ad hoc legal matters such as mergers and acquisitions (M&A) and funding, outsourcing agreements, or other documents needed for the organization to operate effectively and grow
- Advise where possible, opportunities for us to improve the client (internal/external) experience related to contracting or contract updates
- Develop future talent both within the legal function as well as other departments
Requirements:
- Bachelor's Degree in Law or equivalent qualification
- At least 10 years in a legal capacity within the financial services industry
- Comprehensive knowledge of MAS regulations and compliance procedures, particularly in relation to the Payment Services Act (PSA), Securities and Futures Act (SFA), and Financial Advisers Act (FAA)
- Proficiency in data protection and privacy laws, with the ability to apply legal frameworks to complex situations
- Exceptional written and verbal communication capabilities to convey legal insights effectively
- Demonstrated ability to collaborate cross-functionally and work autonomously in high-pressure environments
- Strong analytical skills to navigate regulatory complexities and provide practical solutions.
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