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Full-Time

Head of Compliance

MLRO, U.K

Posted on 6/27/2024

Ripple

Ripple

1,001-5,000 employees

Blockchain-based global financial services solutions

Financial Services
Crypto & Web3

Expert

London, UK

Category
Legal
Risk & Compliance
Legal & Compliance
Required Skills
Sales
Communications
Management
Requirements
  • 12+ years of AML/CTF and sanctions experience in a financial services firm regulated by the Financial Conduct Authority.
  • Previous appointment as Money Laundering Reporting Officer for a registered cryptoasset business.
  • 2+ years of people management experience.
  • Experience with cross-border payments AML/CTF and sanctions program management.
  • Strong operational knowledge in building and running a sound compliance program, with hands-on knowledge and an understanding of regulatory requirements for electronic money firms and cryptoasset businesses in the United Kingdom.
  • Ability to effectively present on AML/CTF and sanctions topics to internal and external parties. This includes regulatory bodies, auditors, and banking partners.
  • Proven ability to understand complex AML/CTF and sanctions risk and operational issues and develop practical and risk-based solutions.
  • Ability to provide practical, strategic and business-oriented advice.
  • Ability to effectively present on AML/CTF and sanctions topics to internal and external parties.
  • Proven ability to oversee multiple concurrent projects.
  • Strong written and verbal communication skills; at ease communicating and presenting to senior management.
  • Ability to work independently and collaboratively.
  • Experience with technology and/or financial services companies.
  • Strong desire to have certifications related to financial compliance or cryptoassets.
Responsibilities
  • Implement and develop the AML/CTF and sanctions compliance programs in the United Kingdom, ensuring the execution of effective and appropriate controls that reflect the business’ inherent risks and regulatory requirements.
  • Develop financial crimes policies, procedures, and risk assessments for new products and services, and work closely with Regulatory Compliance and Legal personnel to obtain local registrations and authorisations.
  • In coordination with the Chief Compliance Officer, build local compliance operations that align with the requirements of the Financial Conduct Authority.
  • Build relationships with the Managing Director, UK & Europe as well as relevant internal teams (Product, Business Development, Sales, Engineering) to ensure that any financial crimes compliance queries are responded to in a timely manner and that such teams operate in accordance with local regulatory requirements and industry best practices.
  • Represent the firm on financial crimes matters in front of local regulatory bodies, including the Financial Conduct Authority. This includes the delivery of presentations, participation in routine regulatory inspections, and preparation of written responses to ad hoc queries.
  • Conduct annual risk assessments and make annual updates to policies, procedures, and other relevant program documents.
  • Work with Global Compliance leadership to develop strategic plans and ensure the timely completion of strategic initiatives and key goals.
  • Prepare periodic reports to local Senior Management, the Board of Directors, and Ripple Group committees to create awareness of all relevant compliance matters and escalate any important or high-risk compliance issues.

Ripple provides a compelling workplace for those interested in shaping the future of financial services through blockchain technology. With a focus on fostering transparent and efficient financial solutions across over 40 countries, this company leads in integrating crypto solutions for cross-border payments and liquidity management. Operating in a global network, employees benefit from an expansive, multicultural environment that values innovative approaches to solve real-world financial challenges.

Company Stage

Later Stage VC

Total Funding

$319.4M

Headquarters

San Francisco, California

Founded

2012

Growth & Insights
Headcount

6 month growth

10%

1 year growth

18%

2 year growth

53%

Benefits

401(k) Plan

Healthcare Coverage

Health and Wellness

Family Support

Flexible Vacation

Employee Giving

Learning and Development