Head of Compliance

Position Summary:

The Head of Compliance, Americas will be responsible to lead the Americas compliance program, which encompasses Anti-Money Laundering and Countering the Financing of Terrorism (“AML/CFT”), Economic Sanctions and regulatory compliance. The candidate will report to the Global Head of Compliance (“Global CCO”) and work closely with the offshore level 1 and onshore level 2 compliance teams.

Key Responsibilities:

• Oversee the AML/CFT and Sanctions program of FalconX’s regulated entities in the Americas region.
• Serve as FalconX’s board appointed AML Officer for U.S. based entities holding money transmitter licenses and other affiliates as may be necessitated from time to time.
• Work with leads to obtain and maintain registrations and licenses in the U.S., manage regulatory relationships and examinations.
• Evaluate existing and new products and services for Compliance risk and ensure implementation of sufficient controls prior to launch.
• Design, implement and oversee AML/CFT internal controls to ensure compliance with crypto-specific regulations: customer onboarding, crypto transaction monitoring, crypto trade surveillance, sanctions screening, law enforcement inquiries, training.
• Review and investigate alerts/high risk accounts, identifying suspicious activity, and performing enhanced due diligence on customers and accounts.
• Ensure that applicable regulatory compliance regulations and best practices are implemented for the Americas region, these include: Business Continuity/Disaster Recovery, Third-Party Risk Management, Privacy, Anti Bribery Corruption, Customer Complaints etc.
• Manage the U.S. Compliance team, projecting and implementing resource plans to ensure the Compliance program can be effectively executed.
• Monitor evolving global regulations for cryptocurrencies and decentralised financial products (e.g., DeFi, NFTs, stablecoins).
• Assisting with providing MIS and data for annual independent testing, data validation, and ongoing customization of KYC and blockchain monitoring and surveillance systems.
• Provide advisory support to Business teams regarding regulatory requirements and risks related to product development and customer onboarding/retention.
• Ensure timely Compliance reporting of key risk and performance indicators to senior management, committees and Boards.
• Update and ensure adherence to compliance training program.
• Manage ad-hoc projects as needed.

Requirements:

• The ideal candidate should have at least 10+ years of Compliance regulatory leadership experience in the financial services space (FinTech, Crypto or banking sector).
• Bachelor’s degree in Finance, Economics, Law, Business Administration, or a related field, or Juris Doctor Preferred. 
• Extensive knowledge and experience with compliance regulations including but not limited to AML/CFT, Patriot Act (CIP), Office of Foreign Assets Control, and FinCEN advisory guidelines regarding Know Your Customer (KYC)/Enhanced Due Diligence (EDD).
• Proven background in building crypto compliance programs, processes and controls.
• Proven ability to manage multiple projects simultaneously and meet deadlines.
• Previous experience working with derivative products and associated regulatory regimes is nice-to-have.
• Strong communication and presentation skills.

Compensation:

Base pay for this role is expected to be between $255,000 - $345,000 USD for New York City and San Francisco Bay Area. This expected base pay range is based on information at the time this post was generated. This role will also be eligible for other forms of compensation such as a performance linked bonus, equity, and a competitive benefits package. Actual compensation for a successful candidate will be determined based on a number of factors such as location, skillset, experience, and qualifications.