Full-Time
Head of Compliance Operations
OpenFX
51-200 employees
Facilitates real-time cross-border FX payments
No salary listed
London, UK + 2 more
More locations: Dubai - United Arab Emirates | Bengaluru, Karnataka, India
Hybrid
Hybrid role with locations in Bangalore, Dubai, or London.
 Legal & Compliance (1) |
|---|
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- 15+ years of experience in compliance operations, financial crime operations, anti-money laundering, know-your-customer, know-your-business, sanctions, transaction monitoring, or related areas.
- Significant experience leading teams, managing managers, or scaling operational functions in fintech, payments, banking, crypto, trading, or financial services.
- Strong understanding of anti-money laundering, sanctions, know-your-customer, know-your-business, transaction monitoring, customer risk review, and suspicious activity escalation workflows.
- Experience building operational standards, review procedures, quality assurance processes, control frameworks, and management reporting.
- Ability to partner effectively with second-line Compliance and Legal teams while owning operational execution.
- Experience working with case management systems, transaction monitoring tools, know-your-customer/know-your-business vendors, sanctions screening tools, or blockchain analytics platforms.
- Strong judgment, attention to detail, and ability to identify operational risk quickly.
- Strong people leadership skills, including coaching, performance management, hiring, and building team culture.
- Comfort operating in a fast-paced startup environment where processes need to be built, improved, and scaled quickly.
- Lead members of the Compliance Operations team across know-your-business, know-your-customer, transaction monitoring, sanctions, blockchain analytics, customer risk review, and case review workflows.
- Own the day-to-day operating model for analyst reviews, escalations, quality assurance, backlog management, and case resolution.
- Build a scalable team rhythm around productivity, quality, service-level agreements, escalations, and continuous improvement.
- Set clear expectations for review quality, evidence standards, case notes, decisioning, and escalation discipline.
- Coach, manage, and develop analysts and managers as the team scales.
- Work with second-line Compliance, Legal, and other Compliance Operations team members to translate policy and regulatory expectations into practical operational workflows.
- Help design and maintain review procedures, checklists, control processes, and operational playbooks for know-your-business, know-your-customer, transaction monitoring, sanctions, wallet screening, and suspicious activity escalation.
- Own the implementation and adoption of these workflows across the Compliance Operations team.
- Build quality assurance processes to identify review gaps, improve consistency, and strengthen operational controls.
- Partner with Compliance and Legal on edge cases, escalation criteria, remediation workflows, and review standards.
- Ensure records, case notes, decisioning, and supporting evidence are complete, consistent, and audit ready.
- Own the Compliance Operations perspective on tooling, workflow design, case management, transaction monitoring, blockchain analytics, customer risk review, and operational dashboards.
- Partner with Product, Engineering, Data, Compliance, Legal, and vendors to improve analyst workflows and reduce unnecessary manual work.
- Help define operational requirements for rules, alerts, queues, dashboards, risk scoring, review flows, and quality assurance tooling.
- Identify opportunities to automate repetitive review steps while maintaining appropriate control and oversight.
- Evaluate gaps in current systems and recommend practical improvements to support scale.
- Oversee operational review of transaction monitoring alerts, sanctions alerts, blockchain analytics hits, customer risk events, and other Compliance Operations queues.
- Ensure appropriate escalation of suspicious activity, unusual behavior, high-risk customers, and control issues to Compliance and Legal.
- Own operational reporting on volumes, backlogs, service-level agreement performance, quality assurance findings, escalations, trends, and operational risks.
- Help leadership understand where the team is scaling well, where controls are strained, and where additional investment is needed.
- Support audits, regulatory exams, partner diligence, and internal reviews by ensuring Compliance Operations evidence and reporting are well organized.
- Work closely with second-line Compliance and Legal to operationalize policy and regulatory requirements without owning policy drafting.
- Partner with Product and Engineering to improve control design, review workflows, automation, and system requirements.
- Partner with Data to build reporting, rule performance analysis, alert tuning inputs, and operational dashboards.
- Partner with Business Operations and Trade Operations to ensure customer and transaction reviews are handled quickly, clearly, and consistently.
- Help create a practical bridge between regulatory expectations, operational reality, and product scale.
- Experience with crypto, stablecoins, blockchain analytics, wallets, exchanges, or on- and off-ramp products.
- Experience with cross-border payments, foreign exchange, money movement, neobanking, or institutional fintech products.
- Experience with tools such as Unit21, TRM Labs, Chainalysis, ComplyAdvantage, Persona, Sardine, Alloy, Sumsub, or similar systems.
- Experience designing alert workflows, queue structures, quality assurance programs, dashboards, or rule performance review processes.
- Experience supporting audits, regulatory exams, partner diligence, banking partner reviews, or regulatory remediation work.
- Experience working across multiple jurisdictions such as the United States, United Kingdom, European Union, United Arab Emirates, India, Singapore, or Latin America.
- Experience building or transforming a compliance operations function in a high-growth environment.
OpenFX provides real-time cross-border foreign exchange payment infrastructure for institutional clients and money remitters. It enables 24/7 international transfers with transparent pricing and institutional-grade fees. The system settles FX transactions quickly across borders, delivering up to 90% faster settlements and up to 80% lower costs than traditional methods. Revenue comes from transaction fees and service charges, and the goal is to make global finance seamless for international payments.
Company Size
51-200
Company Stage
Series A
Total Funding
$117M
Headquarters
New York City, New York
Founded
2024
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Simplify's Take
What believers are saying
- March 31, 2026 Series A raised $94 million from Accel, Atomico, and Pantera.
- OpenFX says annualized volume hit $45 billion by February 2026 and $60 billion in April.
- August 2026 multi-currency accounts target fintechs needing local collection and payout across 100 countries.
What critics are saying
- June 2026 Embed close still awaits regulatory approval, delaying Europe revenue until Q3 2026.
- OpenFX’s stablecoin-heavy flow depends on banking partners and regulators tightening KYC, sanctions, and custody rules.
- If cross-border payment volumes stall after 2026 expansion, OpenFX’s valuation depends on aggressive corridor scaling.
What makes OpenFX unique
- OpenFX combines stablecoin settlement with licensing, liquidity, and banking products across multiple rails.
- June 2, 2026 Embed acquisition adds EEA and UK payments licenses plus virtual IBANs.
- August 6, 2026 Global Ledger acquisition adds multi-currency accounts and Tyler McIntyre’s banking expertise.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Unlimited Paid Time Off
Flexible Work Hours
Remote Work Options
Paid Vacation
Hybrid Work Options
Stock Options
Company Equity
401(k) Retirement Plan
401(k) Company Match
Wellness Program
Mental Health Support
Gym Membership
Phone/Internet Stipend
Home Office Stipend
Professional Development Budget
Conference Attendance Budget
Training Programs
Tuition Reimbursement
Mentorship Program
Relocation Assistance
Employee Discounts
Company Social Events
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -1%2 year growth
↓ -1%OpenFX acquires Global Ledger to launch multi-currency accounts for fintechs. Novo co-founder Tyler McIntyre joins as Head of Banking; OpenFX will be launching a waitlist for their multi-currency accounts product, the first one hundred companies to join the waitlist receive $30,000 in fee credits. OpenFX launches multi-currency accounts for fintechs. OpenFX is launching multi-currency accounts for fintechs: collect USD locally and pay out over ACH, Fedwire, SWIFT or stablecoin rails. Request early access. MIAMI, Aug. 06, 2026 (GLOBE NEWSWIRE) - OpenFX, the real-time cross-border money movement platform, announced today that it has acquired Global Ledger, founded by Tyler McIntyre. McIntyre previously built and co-founded Novo, a neo-bank serving >300,000 business last valued at over $700M. McIntyre is joining as Head of Banking to accelerate OpenFX's product expansion and launch multi-currency accounts, with a waitlist available today. These accounts will let a company's customers pay it locally in their own currency, and let the company hold what arrives rather than converting on receipt. OpenFX is launching with named USD accounts that send and receive over ACH, Fedwire and SWIFT, paying into and out of more than 100 countries, with more to follow. The rails on either side do not need to match: a company can hold dollars and pay a supplier in India over UPI, or give a counterparty a vIBAN and receive USDC in its wallet near instantly. Multi-currency accounts are the second pillar of the company's Embedded FX strategy, designed to bring API-driven, reliable, end-to-end payment solutions to treasury product managers. Because they sit alongside OpenFX's world-class liquidity product, clients will be able to book a currency conversion and hold the converted funds immediately, without moving assets to an outside bank or reconciling against a third-party statement. As Head of Banking, McIntyre will lead the accounts product, the growth of OpenFX's licensing footprint across the markets its clients operate, and the work of enhancing their world-class APIs to ensure every account is fully programmable from launch. The goal is for clients to soon be able to offer these accounts to their own customers. Fintechs operating across borders generally need a separate banking relationship in every market they serve, and companies that touch digital assets have persistent difficulty obtaining and keeping those accounts. Closures often come with no stated reason, and only a few weeks' notice. In a survey of crypto and Web3 firms published by the UK Cryptoasset Business Council, Startup Coalition and Global Digital Finance, half of respondents had either been rejected when applying to a major bank or had an account closed, and only 14 percent opened an account they were able to keep. Three quarters reported turning to institutions they considered riskier. "Traditional financial institutions often see payment companies as more risky than they are because they don't fully understand the structure of their business, so their best answer is to de-bank them," said Prabhakar Reddy, founder and CEO of OpenFX. "We already move billions of dollars for these companies every day. We know these flows well, which is why we can provide them with more reliable service. Tyler has spent a decade building accounts that businesses want to use, and he saw earlier than almost anyone what modernizing rails mean for banking. We share the same goal, no one should have to think about how their banks works, it should just work." "Stablecoins are the first payment rail that works instantly everywhere and never closes. The obvious thing to build on top of a rail like that is an account," said Tyler McIntyre, Head of Banking at OpenFX. "I started Global Ledger so a business could hold, send and receive money in any market as if it banked there. OpenFX had already built the settlement network and the liquidity product those accounts depended on, working together felt like a no-brainer." Terms of the acquisition were not disclosed. The waitlist is open at [openfx.com/accounts]. The first 100 companies to join will receive $30,000 in fee credits to offset the cost of migrating. OpenFX's platform settles transactions across more than 40 currency pairs, with the majority completing in under an hour, and operates continuously, including weekends and holidays, when traditional settlement systems are closed. About OpenFX OpenFX is building the financial market infrastructure for the modern economy through its real-time cross-border money movement platform and settlement network. By combining stablecoin rails with innovative last-mile liquidity sourcing models, OpenFX enables near-instant FX settlements across borders, making money transfers 99 percent faster, up to 90 percent less expensive, and available 24/7/365. Founded in 2024 by serial entrepreneur Prabhakar Reddy, former co-founder of FalconX, the company has grown to a global team operating across the U.S., UK, UAE and India. OpenFX's platform supports more than 40 trading pairs and serves established fintech companies, neobanks, remittance providers and global payroll platforms. Learn more at www.openfx.com. Media Contact [email protected] GlobeNewswire Distribution ID 1001256377 Search. August 5, 2026 August 4, 2026
OpenFX is launching multi-currency accounts for fintechs after acquiring Global Ledger. Hold USD locally, pay into 100+ countries. Request early access....
OpenFX acquires Global Ledger to launch multi-currency accounts for fintechs. August 06, 2026 Novo co-founder Tyler McIntyre joins as Head of Banking; OpenFX will be launching a waitlist for their multi-currency accounts product, the first one hundred companies to join the waitlist receive $30,000 in fee credits MIAMI, Aug. 06, 2026 (GLOBE NEWSWIRE) - OpenFX, the real-time cross-border money movement platform, announced today that it has acquired Global Ledger, founded by Tyler McIntyre. McIntyre previously built and co-founded Novo, a neo-bank serving >300,000 business last valued at over $700M. McIntyre is joining as Head of Banking to accelerate OpenFX's product expansion and launch multi-currency accounts, with a waitlist available today. These accounts will let a company's customers pay it locally in their own currency, and let the company hold what arrives rather than converting on receipt. OpenFX is launching with named USD accounts that send and receive over ACH, Fedwire and SWIFT, paying into and out of more than 100 countries, with more to follow. The rails on either side do not need to match: a company can hold dollars and pay a supplier in India over UPI, or give a counterparty a vIBAN and receive USDC in its wallet near instantly. Multi-currency accounts are the second pillar of the company's Embedded FX strategy, designed to bring API-driven, reliable, end-to-end payment solutions to treasury product managers. Because they sit alongside OpenFX's world-class liquidity product, clients will be able to book a currency conversion and hold the converted funds immediately, without moving assets to an outside bank or reconciling against a third-party statement. As Head of Banking, McIntyre will lead the accounts product, the growth of OpenFX's licensing footprint across the markets its clients operate, and the work of enhancing their world-class APIs to ensure every account is fully programmable from launch. The goal is for clients to soon be able to offer these accounts to their own customers. Fintechs operating across borders generally need a separate banking relationship in every market they serve, and companies that touch digital assets have persistent difficulty obtaining and keeping those accounts. Closures often come with no stated reason, and only a few weeks' notice. In a survey of crypto and Web3 firms published by the UK Cryptoasset Business Council, Startup Coalition and Global Digital Finance, half of respondents had either been rejected when applying to a major bank or had an account closed, and only 14 percent opened an account they were able to keep. Three quarters reported turning to institutions they considered riskier. "Traditional financial institutions often see payment companies as more risky than they are because they don't fully understand the structure of their business, so their best answer is to de-bank them," said Prabhakar Reddy, founder and CEO of OpenFX. "We already move billions of dollars for these companies every day. We know these flows well, which is why we can provide them with more reliable service. Tyler has spent a decade building accounts that businesses want to use, and he saw earlier than almost anyone what modernizing rails mean for banking. We share the same goal, no one should have to think about how their banks works, it should just work." "Stablecoins are the first payment rail that works instantly everywhere and never closes. The obvious thing to build on top of a rail like that is an account," said Tyler McIntyre, Head of Banking at OpenFX. "I started Global Ledger so a business could hold, send and receive money in any market as if it banked there. OpenFX had already built the settlement network and the liquidity product those accounts depended on, working together felt like a no-brainer." Terms of the acquisition were not disclosed. The waitlist is open at [openfx.com/accounts]. The first 100 companies to join will receive $30,000 in fee credits to offset the cost of migrating. OpenFX's platform settles transactions across more than 40 currency pairs, with the majority completing in under an hour, and operates continuously, including weekends and holidays, when traditional settlement systems are closed. About OpenFX OpenFX is building the financial market infrastructure for the modern economy through its real-time cross-border money movement platform and settlement network. By combining stablecoin rails with innovative last-mile liquidity sourcing models, OpenFX enables near-instant FX settlements across borders, making money transfers 99 percent faster, up to 90 percent less expensive, and available 24/7/365. Founded in 2024 by serial entrepreneur Prabhakar Reddy, former co-founder of FalconX, the company has grown to a global team operating across the U.S., UK, UAE and India. OpenFX's platform supports more than 40 trading pairs and serves established fintech companies, neobanks, remittance providers and global payroll platforms. Learn more at www.openfx.com. Media Contact [email protected] AAPR aggregates press releases and media statements from around the world to assist its news partners with identifying and creating timely and relevant news. All of the press releases published on this website are third-party content and AAP was not involved in the creation of it. Read the full terms.
Cyclops has raised a $20M Series A led by Nava Ventures, with participation from Coinbase Ventures, Castle Island Ventures, Circle Ventures, GPT Ventures and Lasagna Ventures, to build the end-to-end stablecoin platform for global payments companies.
OpenFX has acquired payments infrastructure firm Embed, giving the company its first regulated presence in the European Economic Area and United Kingdom. Embed holds licences in all EEA states and the UK via the Financial Conduct Authority. The deal is expected to close in the third quarter pending regulatory approval. Financial terms were not disclosed. Embed's founding team will take operational roles at OpenFX, whilst engineering and finance staff will join the parent company. OpenFX emerged from stealth last year with $23 million in funding and raised a further $94 million in a Series A round in March. The company is building global financial infrastructure to enable cross-border payments, positioning itself as the platform through which remittance companies, neobanks and payroll processors can operate without rebuilding infrastructure.