Summary

As the Head of Internal Audit at BitMEX, you will be responsible for establishing and overseeing a robust internal audit function, in full compliance with applicable regulatory obligations as the BitMEX group seeks licenses and registrations across the globe. The role will involve providing independent, objective assurance and advisory services designed to add value and improve BitMEX's operations. You will help the organisation accomplish its objectives by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of governance, risk management, and internal control processes. This role is critical in ensuring our continued compliance and maintaining the highest standards of integrity in the digital asset industry.

Key Responsibilities

Audit Planning and Execution

1. Contribute to and implement a comprehensive risk-based annual audit plan aligned with the organisation's strategic objectives and the requirements of applicable regulations as they apply to the BitMEX group.
2. Lead and manage all aspects of the internal audit function, including the execution of audit procedures, fieldwork, and reporting.
3. Conduct detailed audits of financial, operational, technological, and regulatory processes, with a specific focus on areas such as:
4. Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) controls and procedures.
5. Cybersecurity, Information Technology and data protection measures, including the security of private keys and customer funds.
6. Compliance with DABA and other relevant legislation and regulatory guidelines.
7. Customer onboarding and due diligence (CDD) processes.
8. Trading and market operations to ensure fairness and prevent market abuse.

Reporting and Communication

1. Prepare and present clear, concise, and actionable audit reports to the Audit Committee and Board of Directors, detailing findings, risks, and recommendations.
2. Monitor and report on the implementation of management's action plans to address audit findings.
3. Act as the primary liaison with external auditors and applicable regulators of BitMEX’s operations for all internal audit-related matters.

Advisory and Strategic Support:

1. Provide strategic advice and guidance to management on new business initiatives, system implementations, and process changes to ensure that internal controls and risk management are effectively integrated.
2. Proactively identify emerging risks in the digital asset space and propose effective controls to mitigate them.
3. Promote a strong compliance and risk-aware culture throughout the organization.

Qualifications

1. Bachelor's degree in Accounting, Finance, Business Administration, or a related field. A Master's degree is a plus.
2. Professional certification such as Certified Internal Auditor (CIA), Certified Public Accountant (CPA), or Certified Information Systems Auditor (CISA) is essential.
3. Minimum of 7-10 years of experience in internal audit, risk management, or compliance, preferably within the financial services or a DABA-licensed digital asset firm.
4. Proven experience with cryptocurrency, blockchain, and financial technology (Fintech) is highly desirable.
5. Exceptional analytical, communication, and interpersonal skills with the ability to build effective relationships across all levels of the organization.
6. Strong leadership skills with the ability to work independently and manage a team.
7. Integrity and professionalism with a solid understanding of audit ethics and standards.
8. Knowledge and understanding of the Bermuda Digital Asset Business Act (DABA), its rules, and guidance notes, as well as the Proceeds of Crime (Anti-Money Laundering and Anti-Terrorist Financing) would be preferred but not essential

Skills

• Auditing
• Communications Skills
• Compliance Knowledge
• Risk Analysis
• Strategic Thinking
• Team Collaboration