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About our client:Our client is a non-custodial wallet management platform for managing digital assets for its customers. They simplify the complex world of building the infrastructure through innovative software, expert consulting services, and high-quality training. They aim to simplify infrastructure so that everyone can use the platform. They have also adopted a security-first approach.They believe the future is going to be powered by an infrastructure ecosystem and their team is on a mission to build a platform that will enable, an instant, secure and efficient ecosystem for their clients.Job Summary: The Compliance and MLRO professional will be responsible for overseeing and managing the compliance functions, with a specific focus on anti money laundering (AML) activities within our Financial Services Regulatory Authority (FSRA) regulated entity. This role requires a comprehensive understanding of financial regulations, AML Laws, and the ability to ensure companies adherence to these requirements. Responsibilities: Regulatory Compliance:Monitor and interpret FSRA regulations to ensure companies adherence to all the regulatory requirements. Conduct regular assessments to identify areas of non-compliance and develop corrective action plans. Develop, implement, and manage companies AML program in accordance with FSRA guidelines. Conduct regular risk assessments and update AML policies to address emerging risks. Policy Development:Collaborate with relevant departments to develop and update policies and procedures in accordance with FSRA guidelines. Understand risk-based approach to compliance plan in an ever evolving business environment. Ensure that employees are aware of and trained on compliance and AML policies. Reporting and documentation:Prepare and submit regular reports to the FSRA, highlighting companies compliance status. Maintain comprehensive documentation of compliance and AML activities and reports for both internal and external audits. Establish procedures for the identification and reporting of suspicious activities. Coordinate with relevant authorities and submit a timely Suspicious Activity Report (SAR) when necessary. Training and Awareness:Conduct training sessions for employees to enhance awareness of FSRA regulations and compliance and AML requirements. Foster a compliance conscious culture within companies Monitoring and Testing:Implement monitoring and testing procedures to ensure ongoing compliance and AML programs. Conduct periodic internal audits to identify and rectify compliance issues. Requirements: Bachelor’s degree in Business, Finance, Law or a related field. Professional certifications such as CAMS would be advantageous. Proven experience of 4 to 5 years in a compliance role within a FSRA regulated 3’s entity. In-depth knowledge of FSRA regulations and financial industry compliance standards. Proven experience in onboarding tools (both KYB and KYC) and Transaction monitoring tools (both pre and post)Experience in Virtual Assets/Digital Assets domain of custody operationsStrong analytical and problem-solving skills. Excellent communication and interpersonal skills. Key Competencies:Attention to details and accuracyAbility to work independently and collaborativelyStrong organizational and time management skillsEthical and principled approach to compliance
