You will be responsible for the development and implementation of the company's governance, compliance and risk program, ensuring adherence to relevant regulations and industry standards.
This role involves conducting risk assessments, regulatory horizon scanning, developing and implementing compliance policies, processes and reviewing new customer accounts and performing quality assurance checks.
Responsibilities
Ensure that our product features and updates align with relevant industry regulations, standards, and best practices (maintain corporate compliance with applicable anti-money laundering directives and ensure regulatory and money transmission compliance)
Regularly conduct risk assessments to identify potential compliance vulnerabilities in our products and recommend mitigation strategies.
Take oversight function of the KYC and onboarding process
Through the Compliance Director, work closely with Product, Tech, and other internal teams to understand the compliance landscape and integrate feedback into the product development process. Spearhead process and technology initiatives on behalf of Compliance.
Collaborate with technology teams to ensure the systems are effectively tracking and flagging unusual transaction behaviors.
Use analytics tools to monitor transactions on the exchange, looking for patterns that might indicate suspicious or illicit activities.
Take ownership of the Compliance data management and reporting processes.
Develop Compliance reports/dashboards; communicate key results to Compliance and cross-functional stakeholders through self-serve tools and dashboards.
Develop and deliver compliance-related training to relevant stakeholders, ensuring that everyone is aware of and understands the compliance aspects of our products.
Ensure compliance with the "Travel Rule," which requires exchanges to pass customer information to the next financial institution when transferring funds
Develop systems to collect, store, and transmit the required customer data securely
Stay updated on the latest regulatory developments and changes in KYC requirements
Collaborate with other members of the compliance team in any other tasks as may be assigned by the Compliance Director from time to time.
Specifications
Bachelor’s Degree
Minimum of 5 years experience in similar role with proven understanding of the relevant financial compliance legislations, governance and risk management (GRC)
Strong legal background is an added advantage
Excellent analytical, listening and drafting skills
Good communication skills (both verbal and written)
Strong critical thinking and sound decision-making skills
Exceptional research skills
Good time management and organizational skills.
A versatile/flexible personality
Attention to detail
Subject Matter Expert in AML, financial crime and regulatory compliance.
Advanced understanding of KYC, CDD and EDD
Google suite knowledge and expertise.
Data Management tools i.e. CRM
Ability to spot red flags
Risk analysis and creating risk reports.
Crypto knowledge is a nice to have, but not mandatory.
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