BSA / AML Officer

Paxos

18d • $164,282 - $193,273

About The Position

The BSA/AML Officer will play a crucial role in collaborating with the local regulators and regional stakeholders to ensure regulatory compliance and risk management in the provision of blockchain-based financial services. This role involves designing and implementing policies, procedures, systems, and controls to mitigate compliance risks, conducting risk-based monitoring, and coordinating compliance activities across departments. The Officer also provides regular compliance and risk management reports to senior management, oversees risk management policies and controls, and acts as a local point of contact for risk management issues. By addressing the complex regulatory challenges of blockchain technology and ensuring robust compliance frameworks, this role is critical to supporting Paxos' regulatory-first reputation and operational stability, fostering a culture of risk awareness and compliance across the organization.

Requirements

• Experience (having acted as) as a BSA Officer working closely with US regulators;
• At least 5-7 years of experience in Compliance including as a Compliance leader;
• At least two years of experience in a Risk or Compliance role for a regulated broker/dealer;
• A deep understanding of financial crimes monitoring and prevention including US specific regulations and requirements;
• Experience in Risk oversight.

Nice To Haves

• Experience within a global company or within the Digital Asset Sector

Responsibilities

• Manage the US-based Compliance and Risk programs, including maintaining responsibility over and effective implementation of local financial crime and risk management policies, trainings, and day-to-day operational components.
• Partner closely with US-based counterparts as well as the global Chief Compliance and Risk Officer to ensure a consistent approach to risk management.
• Advise on the risk related to new product launches, and support the development of corresponding systems and controls in order to comply with applicable regulations;
• Serve as primary Compliance and Risk counterpart with US regulators. Stay abreast of new or evolving regulatory requirements and recommend program changes, as required.
• Evaluate risk and compliance considerations in the development or expansion of new, blockchain-based financial services;
• Maintain oversight over program to ensure that any potential breaches are readily identified and mitigating, as required by local regulations
• Collaborate with other departments (e.g. Risk Audit, Legal, Human Resources etc.) to develop and implement effective cross-functional compliance risk management strategies and programs
• Provide reports on a regular basis and, as directed or requested, to the Board, Committees and senior management regarding the operations and progress of Compliance and Risk efforts;
• Oversee US-based processes for managing risks including establishing and maintaining specific risk management policies, procedures, systems, and controls
• Chair and run the the local entity’s Risk Management Committee to ensure risks and issues are reported to executives; and
• Act as a local point of contact for Group Risk Management issues, events, inquiries and escalations and advise on the Company’s risk management framework, policies, procedures, systems and controls. This includes preparing responses and evidence to support responding to requests from auditors and examiners for information regarding the Company’s risk management policies and practices.

Benefits

• Paxos offers a competitive total compensation and benefits package, including equity and bonuses based on both your individual performance and company performance. Eligibility for bonuses is dependent on job level, and actual salary within the range depends on your skills, experience, and qualifications.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 101-250 employees