DTCC

Clears and settles securities trades for financial firms

AML Digital Assets Director

Financial Crime & AMLConfirmed live in the last 24 hours

Full-timeJersey City, NJ, USA

About the Job

Requirements

A bachelor's degree is preferred, or equivalent experience.
At least 10 years of related experience.
At least 10 years of financial services industry experience in a compliance, legal, or regulatory environment.
At least 8 years of experience leading or managing digital assets and an anti-money laundering program.
Ability to work independently and with direction from senior and executive management.
Technical, analytical, problem-solving, decision-making, and investigative skills.
Comprehensive knowledge of Bank Secrecy Act and anti-money laundering laws and regulatory compliance requirements.
Detailed knowledge and experience in blockchain monitoring and analytics.
Relevant corporate and regulatory compliance experience.
Detailed understanding of automated rules-based alert scenario development and optimization.
Ability to manage multiple priorities across varying functions.
Communication, organizational, and interpersonal skills.

Responsibilities

Develop, communicate, and ensure adherence to department risk policies, procedures, and best practices.
Reassess existing processes and create new processes to anticipate, manage, and reduce risk to DTCC and its participants.
Foster regulatory awareness and ensure regulatory compliance.
Demonstrate and embed behaviors and competencies that create a risk management mindset in the organization.
Manage suspicious activity alerts and case investigations for digital assets activity.
Coordinate major projects with the business to expand digital assets monitoring.
Coordinate the design and development of scenario rules and investigative standards and practices; test and implement monitoring and investigation support systems; conduct transactional data and quantitative analysis; and report and analyze investigation trends for digital asset monitoring.
Liaise with the FCCC and Global Sanctions Teams to enhance and maintain policies, procedures, and processes related to global sanctions compliance, transaction monitoring, investigations, and suspicious activity reporting for digital assets.
Keep digital asset monitoring policies and procedures current and compliant with regulatory expectations.
Interface with senior-level internal and external professionals, industry regulators, and law enforcement on compliance matters, including regulatory examinations and reporting suspicious activity incidents.
Coordinate the timely and accurate completion of critical reports to inform Compliance management and compliance-related DTCC committees or working groups about the status of AML activities.
Mitigate risk by following established procedures, identifying key errors, and demonstrating ethical behavior.

Desired Qualifications

Legal and Regulatory/AML Compliance certification is a plus.

Are you ready to make an impact at DTCC?

Do you want to work on innovative projects, collaborate with a dynamic and supportive team, and receive investment in your professional development? At DTCC, we are at the forefront of innovation in the financial markets. We are committed to helping our employees grow and succeed. We believe that you have the skills and drive to make a real impact. We foster a thriving internal community and are committed to creating a workplace that looks like the world that we serve.

The General Counsel's Office is a valued, trusted and responsive partner within DTCC. The team promotes and protects the best interests of the DTCC family of companies by creating and facilitating solutions and providing guidance on legal and regulatory matters.

Pay and Benefits:

Competitive compensation, including base pay and annual incentive
Comprehensive health and life insurance and well-being benefits, based on location
Pension / Retirement benefits
Paid Time Off and Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.
DTCC offers a flexible/hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays and a third day unique to each team or employee).

The Impact you will have in this role:

Directs the day-to-day activities required to develop and maintain DTCC’s Anti-Money Laundering program for digital assets including: developing policies and procedures for monitoring digital assets and blockchain activity, overseeing the monitoring and case investigations of blockchain activity, working with Compliance senior management and the ED of Client Compliance to manage cross-functional projects and trend reporting/analysis, and ensuring DTCC’s adherence to AML and BSA regulatory and compliance requirements as they relate to the digital assets business.

Your Primary Responsibilities:

Develop, communicate and ensure adherence to department risk policies, procedures and best practices;
Reassess existing processes and create new ones that most effectively anticipate, manage and reduce risk to DTCC and its participants;
Foster an environment of regulatory awareness and ensure regulatory compliance;
Demonstrate and embed the behaviors and competencies that create a risk management mindset in the organization;
Manage suspicious activity alert and case investigation activity for digital assets activity.
Coordinate major projects with the business aimed at addressing expansion of digital assets monitoring.
Coordinate the design and development of scenario rules and investigative standards and practices, the testing and implementation of monitoring systems and investigation support systems, transactional data/quantitative analysis, and investigations trend reporting and analysis for digital asset monitoring.
Liaise with the FCCC and Global Sanctions Teams in the enhancement and maintenance of policies, procedures and processes related to compliance with global sanctions, transaction monitoring, investigations and suspicious activity reporting as it relates to digital assets.
Ensure that policies and procedures for digital asset monitoring are kept current and in compliance with regulatory expectations.
Interface with senior-level internal and external professionals, industry regulators and law enforcement on Compliance related matters including regulatory examinations and reporting of suspicious activity incidents.
Coordinate the timely and accurate completion of critical reports to keep Compliance management, and compliance-related DTCC committees or working groups informed of the current status of the AML activities.
Mitigates risk by following established procedures, spotting key errors and demonstrating strong ethical behavior.

Qualifications:

Minimum of 10 years of related experience
Bachelor's degree preferred or equivalent experience

Talents Needed for Success:

10 + years of financial services industry experience in Compliance, Legal, or Regulatory environment.
8 + years of experience leading or managing Digital Assets and AML program.
Ability to work independently and with direction from senior and executive management
Excellent technical, analytical, problem solving, decision-making and investigative skills
Comprehensive knowledge of BSA/AML laws and regulatory compliance requirements
Detailed knowledge and experience in blockchain monitoring and analytics
Relevant corporate and regulatory compliance experience
Detailed understanding of automated rules-based alert scenario development and optimization
Ability to manage multiple priorities across varying functions
Excellent communications, organizational, and interpersonal skills
Legal and Regulatory/AML Compliance Certification a plus

The salary range is indicative for roles at the same level within DTCC across all US locations. Actual salary is determined based on the role, location, individual experience, skills, and other considerations. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Salary Range: Director-125,000-220,000-USD

About the Company

DTCC

Clears and settles securities trades for financial firms

DTCC provides the systems financial firms use to complete securities trades after buyers and sellers agree a transaction. Broker-dealers, banks and asset managers use its services to match trade details, calculate obligations, move securities and report transactions. Its NSCC and FICC subsidiaries clear equity and fixed-income trades, while DTC holds securities and handles settlement and payments such as dividends. By offsetting obligations between firms, its clearing services reduce the securities and cash that must change hands, and its repositories maintain derivatives transaction records for regulatory reporting. The parent was established in 1999 and is headquartered in Jersey City, New Jersey.

Company size: 5,001-10,000
Company stage: Not listed
Total funding: Not listed
Headquarters: Jersey City, NJ
Founded: 1999

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