Summary

The ideal candidate should have experience working in a fintech or exchange trading environment, with a deep understanding of requirements applicable to activities under the Bank Secrecy Act (BSA), sanctions rules from Office of Foreign Assets Control (OFAC), consumer protection rules under the Consumer Financial Protection Bureau (CFPB),  as well as other applicable virtual asset and sanction regulatory frameworks. The ideal candidate will be well-versed in ongoing regulatory and policy discussions in the US with respect to virtual assets and money transmitters.

The below functions are part of the responsibilities to be assigned to the PVI DCCO, however they are not all-inclusive. 

The opportunity

• Support the drafting and/or enhancing of the firms compliance policies, programs, procedures to comply with laws and regulations across all needed business functions. This is inclusive of the BSA/AML policies, risk assessment, internal and external audits preparedness and execution

• Oversee the execution and adherence to the policies and internal controls

• Oversee the licensing projects necessary for operating the business in compliance

• Report periodically to the CCO, CEO and board of directors on all compliance related matters

• Perform employee and board member compliance training 

• Responsible for the oversight of project management in regards to regulatory projects/ inquiries

• Responsible for managing regulatory inquiries and exams, including document and data retrieval

• Continually seek out and implement efficiencies and process improvements

• Actively analyze problems and implement corrective action

• Collaborating with lawyers and other compliance professionals on Legal and Compliance projects related to virtual currency money services businesses

• Assist with the administration of the training program along with helping to organize, coordinate and complete both central compliance projects and daily tasks

• Organize and coordinate follow-up items with responsible parties and ensuring prompt execution of tasks and resolution of issues

• Oversee compliance risk assessments, independent AML audits and testing and monitoring programs in accordance with regulatory expectations and best practices

• Examine and stay apprised of updates and developments in the regulatory environment, while providing bespoke guidance

• Oversee that policies and procedures are consistent with regulations and regulatory expectations

• Oversee submission of required regulatory filings with Treasury (including FinCEN), State regulators, IRS, and any other regulatory agency with jurisdiction over the business

• Assist management with periodic ad hoc regulatory reports and requests

• Work with colleagues across functions to help to meet their deliverables (eg providing Finance with information required for financial statement preparation)

• Support defining and approving business requirements for compliance systems and any other systems related to the covered functions, and validation that these systems meet such business requirements

• Oversee effectiveness of internal controls and take remedial steps to mitigate residual risks outside of the firms risk appetite.

• Partner with the firms data privacy officers on relevant matters

• Contributing to the surveillance program, including working with the team to perform transaction surveillance reviews where required

Skills you should HODL

• Undergraduate degree

• ​​12+ years experience in a previous regulatory or compliance managerial position at a fintech or financial institution, or regulatory institution

• Previous experience in filing regulatory reports and providing compliance oversight

• Knowledge or experience dealing with local regulators and agencies, including Financial Crimes Enforcement Network (FinCEN), the Office of Foreign Assets Control (OFAC), the Internal Revenue Service (IRS), the Consumer Financial Protection Bureau (CFPB), the Securities and Exchange Commission (SEC), or other federal or state financial services regulatory bodies

• Strong understanding of regulatory obligations directly affecting financial services firms, and on interfacing with broker dealer, banking and other affiliate entities

• Comprehensive knowledge of the US regulatory environment, developments, and licensing requirements - particularly related to the Bank Secrecy Act (BSA), the Financial Crimes Enforcement Network (FinCEN), sanctions rules from Office of Foreign Assets Control (OFAC), and consumer protection rules under the Consumer Financial Protection Bureau (CFPB)

• Comprehensive knowledge of US virtual asset regulatory environment and developments, money transmitter regulatory environment and developments, and relevant registration and licensing requirements for virtual assets and adjacent financial services

• Tactical experience on how to manage independent audits and regulatory examinations

• Skilled in collaborating with stakeholders at all levels across technical and non-technical groups

• Experience developing policies and procedures that ensure hyper-growth innovation is advanced compliantly

• Ability to lead in a fast growing company environment with focused and hardworking individuals

• Exceptional attention to detail and strong problem-solving skills

• Excellent written and verbal communication skills

Nice to have

• Experience and/or passion for crypto

• Relevant advanced degrees, such as JD, LLM., MBA or other advanced degree

• Advanced professional certifications such as "CAMS", "CFE"

• Demonstrable prior experience in relation to the regulation of virtual asset services or money service businesses in the US or a similar regulatory jurisdiction

• Prior regulated crypto services experience

Skills

• Communications Skills
• Compliance Knowledge
• Operations
• Problem Solving