Compliance Associate
About The Position
The Compliance Associate will maintain the Firm’s compliance policies and procedures within its BSA/AML compliance program across business lines, including Trading, Lending, and Asset Management. The role focuses on KYC and AML activities, including evaluating client identification, risk profiles, and other assessments. It interacts with Senior Management, Legal, Technology, clients, investors, and other groups. The role conducts and reviews sanctions screening and customer due diligence, investigates AML alerts, supports on-chain transaction monitoring, helps maintain procedures, and assists with regulatory audits and requests. It also supports institutional clients and investors through onboarding and provides client guidance by email and scheduled calls. The Associate is expected to use and champion AI tools to improve productivity, decision-making, and output quality.
Requirements
- Experience conducting end-to-end KYC onboarding reviews.
- Experience in blockchain investigations and AML alert clearance.
- At least 2 years of experience at a cryptocurrency firm.
- Bachelor’s degree.
- Preference for working in a fast-paced and ever-changing environment.
Nice To Haves
- CAMS certification.
- Strong knowledge of BSA/AML, CDD, EDD, and transaction monitoring requirements.
- Experience conducting and dispositioning transaction monitoring alerts and cases.
- Ability to manage multiple projects and functions.
- Experience, knowledge, and interest in cryptocurrency.
Responsibilities
- Conduct and review OFAC screens, research false positives, escalate potential OFAC issues, file OFAC reports when required, and test and validate the sanctions screening tool.
- Conduct Customer Due Diligence, review Customer Risk Rankings, perform Enhanced Due Diligence, and escalate potential AML risks with mitigation recommendations.
- Investigate, analyze, and identify AML alerts that may require suspicious activity reports under applicable law.
- Assist in implementing on-chain transaction monitoring, validate it, and clear AML transaction monitoring alerts.
- Implement BSA/AML and OFAC procedures and recommend improvements based on regulations, industry practices, and the Company’s business model.
- Assist with regulatory audits and requests.
- Ensure adherence to CDD, EDD, and transaction monitoring processes while providing a positive client experience.
- Identify compliance and risk issues.
- Assist institutional clients and investors during onboarding, including questions about onboarding to Galaxy and onboarding Galaxy to their platforms.
- Provide client-first guidance to clients and investors by email and scheduled phone calls with business personnel.
- Champion thoughtful adoption of AI and use AI tools to improve productivity, decision-making, and work quality.
Benefits
- Competitive base salary and discretionary bonus; the compensation philosophy also includes annual bonus and equity incentives.
- Hybrid/flexible working arrangements.
- Flexible paid time off.
- 3% 401(k) company contribution.
- Company-paid health and protective benefits for employees, partners, and other dependents.
- Paid parental leave.
- Family planning benefits for US employees.
- Opportunities to learn about the crypto industry.
- Free daily snacks and weekly breakfasts/lunches.
- Employee Resource Groups.
- Free coaching and counseling sessions through Headspace.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
