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Dakota

Global USD business banking with DeFi

Head of Financial Crimes Compliance

Financial Crime & AMLPosted on Nov 13
Full-timeRemote in USA

About the Job

Requirements

  • At least 7 years of experience in Financial Crime Compliance, Compliance, Legal, Risk, Internal Audit, or a related control function, preferably at a financial institution or regulated digital assets business.
  • Deep knowledge of anti-money laundering, counter-terrorist financing, sanctions, and fraud risk frameworks, including customer due diligence, transaction monitoring, investigations, regulatory reporting, and common typologies.
  • Working knowledge of blockchain and digital assets, or experience assessing financial crime risk in new products, technologies, or payment models.
  • A track record of building controls for digital assets risk, including work with blockchain analytics vendors.
  • Experience conducting risk assessments and designing, implementing, or overseeing financial crime controls.
  • Hands-on design and implementation of financial crime compliance technology, including transaction monitoring rule development and tuning, customer identification program systems, and transaction monitoring systems.
  • Ability to understand complex product structures, workflows, transaction flows, and data dependencies; analyze issues independently and turn conclusions into actionable recommendations.
  • Ability to translate complex, evolving regulatory expectations into practical guidance, control requirements, and executable plans.
  • Written, verbal, and presentation skills sufficient to explain complex issues, risk decisions, and metrics clearly to all levels, including senior management.
  • Ability to work across functions and regions, influence stakeholders, and provide constructive, independent challenge.
  • Project, time, and change management skills sufficient to prioritize multiple initiatives under time constraints.
  • Ability to handle sensitive and confidential information.

Responsibilities

  • Serve as the senior financial crimes compliance point of contact and subject-matter expert on fiat and digital assets, and contribute to the financial crimes compliance framework.
  • Identify and assess money laundering, terrorist financing, sanctions, fraud, and other illicit finance risks across digital asset products, clients, counterparties, and transaction flows, including blockchain, wallets, custody models, and stablecoins.
  • Provide risk-based advice and effective challenge across the product and client lifecycle, including new initiatives, product approvals, onboarding, and material changes.
  • Assess cross-business and cross-regional impacts, promoting consistent minimum standards and documented treatment of regional variances.
  • Partner with first-line and other teams to design, enhance, and oversee controls for customer due diligence and enhanced due diligence, know-your-customer processes, sanctions screening, blockchain analytics, transaction monitoring, case management, investigations, suspicious activity escalation, and recordkeeping.
  • Review anti-money laundering programs and internal control structures, including automated solutions, through policy and procedure reviews, gap analyses, risk assessments, and regulatory compliance assessments.
  • Identify and escalate material risks and control weaknesses, and oversee agreed remediation.
  • Lead implementation of financial crimes compliance technology solutions, including onboarding blockchain analytics and digital asset intelligence vendors and managing vendor relationships.
  • Develop transaction monitoring scenarios aligned to products, services, and risk appetite.
  • Lead testing, tuning, and optimization of transaction monitoring, sanctions screening, customer risk rating, and detection before production and on an ongoing basis.
  • Validate anti-money laundering models across transaction monitoring, sanctions screening, customer risk rating, and detection.
  • Perform and oversee data reconciliation, lineage, and quality testing; interpret complex analyses to identify patterns, risks, and conclusions.
  • Improve data quality, system capabilities, and automation to strengthen preventive and detective controls.
  • Monitor new laws, regulations, guidance, enforcement actions, and industry practice, and translate them into practical requirements and action plans.
  • Support engagement with regulators, auditors, and independent reviewers, including examination preparation, information requests, and remediation of findings, as necessary.
  • Develop policies, procedures, training, metrics, and governance materials for senior stakeholders and committees.
  • Lead multiple complex financial crimes compliance initiatives from initiation to completion, on time, within budget, and to stakeholder expectations.
  • Manage teams, delegate effectively to managers, and mentor junior and mid-level staff while remaining hands-on.
  • Build strong relationships with executives, business, technology, Risk, and Audit partners, and industry forums or trade associations.
  • Lead stakeholder discussions, identify new opportunities to add value, and deliver special projects as assigned.

Desired Qualifications

  • Practical experience in a legal, financial, technical, risk, or compliance background.

About the Company

Dakota

Global USD business banking with DeFi

Dakota helps businesses access US dollars globally. It is a business banking platform that lets companies hold and move USD quickly through channels like ACH, Fedwire, SWIFT, and SEPA, so they can operate across borders. Deposits are backed by US Treasuries, which gives clients security and control over their funds. The service runs on a subscription model with a free tier and a Pro plan at $250 per month that adds features and support. Clients can earn up to 4% rewards on balances, with higher returns possible through risk-adjusted DeFi lending. The goal is to provide a reliable, flexible banking experience without annual fees or setup costs, while offering security and transparency. Dakota aims to stand out by using stablecoins backed by US Treasuries, by enabling DeFi lending options, and by planning to add corporate credit cards to broaden its financial services, supported by notable investors.

Company size
11-50
Company stage
Series A
Total funding
$12.5M
Headquarters
Boulder, CO
Founded
2023

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