(Senior) Legal Counsel (Regulatory)

About The Team

[Share a bit about the role team that this role's going to work with. You can also share briefly about the business]

• (2) SE Asia In-House Team of the Year
• Fazz Group operates various regulated financial services businesses in Singapore & Indonesia, having received licences from the Monetary Authority of Singapore, Bank of Indonesia and Otoritas Jasa Keuangan.
• The Fazz legal team is a highly collaborative group of 10+ lawyers across Singapore & Indonesia. We support the Fazz group's business efforts in the launch and scaling up of various fintech products to our customers, such as payments, P2P lending, loans, emoney and web 3.0 blockchain powered payments.
• (3) In-House Lawyer of the Year
• (1) Financial Services In-House Team of the Year
• We are proud to be finalists for the 2023 Asian Legal Business South-East Asia Law Awards for 3 categories:

About The Role

• You'll have a high level of autonomy and independence, and we'll empower you to take ownership of your tasks. You'll collaborate with cross-functional teams and think of creative solutions in uncharted waters.
• You'll also need a passion for technology, excellent problem-solving skills, and an ability to thrive in a fast-paced, changing environment.
• As a regulatory and product counsel, you will report to the Chief Legal Officer and work closely with the Compliance team to support Fazz's Singapore activities in regulation, licensing, compliance and structuring contracts.

What you'll do

• Legal research for entry into foreign markets and licensing requirements
• Formulating action plans and recommendations based on the research
• Respond promptly and effectively to legal requests & regulatory advice from sales, corporate development, operations, marketing, finance and other internal clients, and advise on recommended courses of action.
• Understanding the real risks to the business and providing practical advice to product and banking teams
• Draft, review, negotiate and advise on a variety of transactions such as standard Terms of Services for our users, internet-related agreements and policies including Merchant Agreements, IT and business process outsourcing agreements, including payment systems, data privacy, inbound/outbound technology and data licensing agreements, software development agreements and SOWs, and services and consulting agreements.
• Ensuring compliance with applicable laws and regulations - including the Payment Services Act for online payments and digital payment tokens, funds transfers, remittance, Securities & Futures Act, Personal Data Protection Act, employment, and more
• Training non-legal staff for compliance with regulations and internal policies
• Ability to supervise outside counsel on substantial and diverse matters; the ability to work effectively and cooperatively with teams from many disciplines.
• Reviewing and updating internal policies and procedures
• Liaising with local regulators for our regulated entities for licensing and compliance matters, including coordinating internal stakeholders' feedback in formulating our responses to the regulators' consultation papers
• Evaluate, structure, negotiate, draft and provide advice on complex legal transactions such as strategic partnerships and acquisitions from a regulatory point of view
• Applying for the necessary licences under Payment Services Act & possibly the Securities & Futures Act
• Reviewing marketing and sales materials to ensure compliance with regulations and policies

What we're looking for

• Minimum 3-5 years (Legal Counsel) / >5 years (Senior Legal Counsel) of legal experience in law firms (disputes resolution or corporate) and/or in-house counsel, preferably in fintech/payments/banking/finance industry with financial regulatory background
• Thorough understanding of legal principles in applicable to many areas of practice, including regulatory requirements, licensing, commercial contracts, business transactions, company corporate laws.
• Strong research skills on Singapore laws and regulations, with strong written analysis and written advocacy skills.
• You have a practical and solutions-oriented approach towards legal requirements, risks mitigation and operational compliance
• Have a get-it-done, collaborative approach to problem solving and an ability to seek creative, innovative solutions for complex matters
• Have professionalism and high integrity
• Understand how start-ups work - how to balance between maturity in corporate governance and operations, and the practical considerations of fast growth and scaling
• Highly organised and detailed-oriented.
• Comprehensive understanding in law & regulatory compliance matters, particularly in the prevailing laws and regulations (from MAS) relevant to non-bank financial institutions.
• High proficiency in Google Drive, Google Slides, Google Docs & Microsoft Office Word (e.g. use of Styles, multi-numbered lists, paragraph spacings, etc)
• Excellent communication skills in English (written) especially with non-legal stakeholders - being able to explain complicated regulatory requirements to the business & product teams in a simple and actionable way.

Nice to haves (Optional)

• Being able to speak or write in Bahasa Indonesia will be a bonus
• Experience with Securities & Futures Act & Payment Services Act