Funding Societies | Modalku is the largest Peer-to-Peer lending platform in Southeast Asia. We provide business financing to SMEs which is crowd-funded by retail and institutional investors as well as high-net-worth individuals. In 5 years, we have financed SMEs across Southeast Asia at over SGD$1.5 billion. Founded in 2015 in Singapore, Funding Societies | Modalku is currently licensed and operating in Singapore, Indonesia and Malaysia.
We are the most well-funded P2P lending platform in Southeast Asia, with a USD$25 million Series B funding round led by SoftBank Ventures Asia, the early-stage venture capital arm of Japanese investment giant Softbank Group. Other investors include Sequoia India, Alpha JWC Ventures and Golden Gate Ventures.
We have also achieved global accolades for working on financial inclusion to make financing accessible to SMEs in Southeast Asia, which includes the MAS FinTech Award, the Global SME Excellence Award from United Nations, and the prestigious Global Fintech100.
Funding Societies | Modalku is dedicated to the vision of funding underserved SMEs and making a positive impact in society. We exist to enable fair financial access to Southeast Asia.
The Compliance Team is responsible for helping Funding Societies identify the risks that they face and advising on how to mitigate these risks. We design and implement controls to protect Funding Societies from those risks. We then follow up on the implementation by monitoring and reporting on the effectiveness of those controls. We also provide advice on regulations, policies and controls to management and employees and resolve compliance issues as and when they occur.
You will assist the Compliance Officer in the various Compliance related tasks and get to learn and experience first hand what it's like to manage Compliance for a licenced entity that is subject to MAS regulations.
In this role, you would be responsible for:
● Assisting with Regulatory Reporting to the Monetary Authority of Singapore (MAS)
● Assisting with ad-hoc queries and requests from MAS and other Government Agencies
● Assisting with the review of Internal Controls and Compliance Policies and Procedures
● Assisting with Customer Due Diligence for Investors and Borrowers (Anti-Money Laundering and Countering the Financing of Terrorism)
● Assisting with ongoing Suspicious Transaction monitoring
● Assisting with Outsourcing Due Diligence
● Assisting with the maintenance of the various Compliance and Regulatory Registers
● Other Compliance related matters
What you’ll need to succeed:
● Studying Accounting, Finance or Law
● Strong knowledge of Microsoft Excel/Google Sheet
● Strong problem-solving and decision-making skills
● Meticulous and detail-oriented
● Ability to multitask and handle ambiguity
● Good team player and clear communicator both written and verbal
● You are curious, willing to learn and pro-active
● Motivated, hardworking with a humble personality
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- Company:
Funding Societies Pte Ltd - Designation:
Compliance Intern - Profession:
Accounting / Auditing / Taxation - Industry:
Finance - Location:
Downtown Core