Xendit provides payment infrastructure across Southeast Asia, with a focus on Indonesia, the Philippines and Malaysia. We process payments, power marketplaces, disburse payroll and loans, provide KYC solutions, prevent fraud, and help businesses grow exponentially. We serve our customers by providing a suite of world-class APIs, eCommerce platform integrations, and easy to use applications for individual entrepreneurs, SMEs, and enterprises alike.
Our main focus is building the most advanced payment rails for Southeast Asia, with a clear goal in mind — to make payments across and within SEA simple, secure and easy for everyone. We serve thousands of businesses ranging from SMEs to multinational enterprises, and process millions of transactions monthly. We’ve been growing rapidly since our inception in 2015, onboarding hundreds of new customers every month, and backed by global top-10 VCs. We’re proud to be featured on among the fastest growing companies by Y-Combinator.
Apart from our payment gateway services, we also provide financing to help customers to help reduce daily crunch and improve their overall cash flow. GMF is Xendit’s very own financing arm, possessing a multifinance license from OJK. Many of our customers are startups and small businesses that find it difficult to get funding from banks and other traditional lenders. Easy access to capital gives our customers the fuel that they need to grow - and when our customers grow, we grow too.
The Role
The Lending Compliance Officer’s mission is to help Xendit expand its lending operations in Indonesia in a compliant and scalable manner. You will steer the compliance initiatives of Xendit’s lending operations, and ensure that our corporate structures locally and globally fulfill our regulators’ and investors’ requirements. You will also coordinate and liaise with the ID and PH Compliance teams to ensure that Xendit’s policies and controls are practical, efficient and workable.
Outcomes
Protect our licenses by identifying & rectifying gaps in lending products and operations, and corporate governance of our entities
- Prepare regulatory and internal compliance reports in an accurate and timely manner, including fulfilling our anti-money laundering & anti-terrorist financing obligations
- Identify, assess and make clear practical recommendations for internal teams to rectify compliance gaps in end-to-end business processes
- Interface with regulators and resolve issues raised by them in a timely manner
- Work closely with auditors to ensure accuracy and rectification of gaps
- Document, implement, enforce and communicate compliance with all regulatory requirements via internal policy and education
- Work closely with internal teams to fulfill regulators, auditors and investors’ requirements on our lending entities
Provide advice and solutions to the business to ensure compliance of our new products, services and channels
- Keep abreast of latest changes in regulatory requirements, and ensure governance programs and compliance policies are maintained and relevant
- Solicit and analyze industry information to gain additional intelligence regarding emerging risks
- Facilitate policy, risk and control discussions with stakeholders
- Provide regular staff training on regulatory requirements
Understand Xendit’s other businesses sufficiently to support the rest of the Indonesia Compliance team in ensuring that Xendit Group complies with regulations and internal policies
- Consult with external and internal experts to identify risks, best practices and externals’ expectations
What we’re looking for
Behaviors
You are willing and able to...
- Be detail-oriented and chase down to the last detail
- Handle multiple priorities in a fast-paced and dynamic environment
- Be a team player who proactively upholds the best parts of our culture and influences culture shifts in the right direction
- Work independently as an individual contributor, but also be able to lead a team as we grow
Experience
Any combination of relevant education and experience and/or related professional designations/certifications in this field is highly desirable.
- At least 3 years' compliance experience in Indonesian financial services, with a preference for lending, multi-finance and/or commercial banking industries
- Bachelor’s degree in Business / Law / Finance or equivalent
- Deep knowledge of OJK regulations regarding multi-finance and commercial banking
- Competent written and verbal communication skills in Bahasa Indonesia and English
- Preferred: at least 6 years’ working experience
- Good-to-have: Strong network with OJK personnel
- Good-to-have: Professional qualifications in governance, risk and compliance, such as the SPPI Risk Management license
Relevant Skills
- Make compliance decisions and recommendations independently and with integrity
- Draft clear and professional correspondence and other documents of a legal, compliance and business nature
- Communicate clearly in a structured manner intra- and cross-team
What We Do
Xendit is a financial technology company that provides payment solutions and simplifies the payment process for businesses in Indonesia, the Philippines and Southeast Asia, from SMEs and e-commerce startups to large enterprises. Xendit enables businesses to accept payments, disburse payroll, run marketplaces and more. The platform is known for its speed (fast integration, builds), simplicity (easy integrations, pricing), and world-class 24/7 customer support. Amidst the fragmented payment landscape in Southeast Asia, Xendit enables businesses to accept payments from direct debit, virtual accounts, credit and debit cards, eWallets, retail outlets, and online installments. Building the region’s digital payments infrastructure, Xendit is shaping the next generation of scalable businesses across Southeast Asia. Xendit is propelling the region's digital transformation by addressing access, reliability, and regulatory needs enabling more businesses to scale and thrive. As the first-ever Indonesian startup to graduate from YCombinator and backed by investors from Silicon Valley and Asia, including Kleiner and GGV Capital, Xendit powers some of Southeast Asia’s fastest-growing brands including Traveloka, Transferwise, Wish, and Grab.
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