Member of Compliance, Sanctions

Anchorage Digital

About The Position

At Anchorage Digital, we are building the worldâs most advanced digital asset platform for institutions to participate in crypto. Anchorage Digital is a crypto platform that enables institutions to participate in digital assets through custody, staking, trading, governance, settlement, and the industry's leading security infrastructure. Home to Anchorage Digital Bank N.A., the first federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, Porto by Anchorage Digital, and other offerings. The company is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with its Series D valuation over $3 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, on X @Anchorage, and on LinkedIn. As a Member of Compliance, Sanctions you will assist the Global Compliance Lead, Sanctions in the design, development and roll out of Anchorage Digitalâs Sanctions Oversight Program. You will be an expert with deep understanding and knowledge of regulatory requirements on Sanctions Screening, OFAC Reporting, and Travel Rule/Value Transfer regulations and be able to apply those requirements to support business development and manage risks appropriately for the Company. Most importantly, you will be on the front lines of implementing and developing the most advanced Sanctions Oversight Compliance program in the digital asset industry. You are responsible for the management of Anchorage Digitalâs Sanctions Oversight while also being able to screen alerts for all its global affiliates, as well as working closely with leadership in providing feedback on workflow or system enhancements and implementations. This role will assist the OFAC Officer and the Sanctions Compliance Team with building out and/or executing the Sanctions Oversight Program across different products and services. This role will know how to conduct detailed Quality Assurance and Quality Check reviews while providing feedback to L1 analysts. We have created the Factors of Growth & Impact to help Villagers better measure impact and articulate coaching, feedback, and the rich and rewarding learning that happens while exploring, developing, and mastering the capabilities and contributions within and outside of the Member of Compliance, Sanctions role:

Requirements

Demonstrate strong knowledge in evolving cryptocurrency regulations, custody and brokerage operations.
Understanding of United States Sanctions Regulations. Plus familiarity with OFACâs Specially Designated Nationals (SDN) List and sanction programs.
Knowledge of IP address monitoring or geo-location blocking tools.
Experience in BSA/AML transactional reviews;
Knowledge in BSA/AML and/or Sanctions regulations;
Expertise in using sanctions screening systems and working ongoing monitoring alerts;
A passion for building out programs in their early stages, including creation and maintenance of policies, procedures, and new tools;
A proven track record of being able to work independently;
A strong attention to detail;
Highly curious and a fast learner;

Nice To Haves

You have expertise in data analytics and/or spreadsheet pivots/formulas for data analysis.
Blockchain Analytics experience and Certifications (TRM, Chainalysis, etc.)
Experience in a Financial Institution wire room.
You were emotionally moved by the soundtrack to Hamilton, which chronicles the founding of a new financial system. :)

Responsibilities

Provide QA/QC Feedback on reviews and dispositions or escalations coming from screening alerts originating from client onboarding or KYC reviews, incoming deposits or outgoing withdrawals, digital asset support reviews and ad-hoc screening requests.
Perform in-depth research on companies and/or individuals who are clients, prospective clients and/or connected parties by utilizing a range of internal data (e.g. transaction activity, KYC etc.) and external data (e.g. blockchains, internet, media, legal, corporate and other publicly available records and databases).
Analysis of both quantitative and qualitative data sets to produce in-depth and high-quality written reports that provide assessments of financial crime (e.g. money laundering, bribery and corruption, fraud, tax evasion, sanctions and terrorist financing). Maintain thorough records and supporting documentation for all sanctions alerts and investigations.
Manage Sanctions-related screening lists, including assisting the OFAC/Sanctions Officer with the selection and testing of Sanctions screening lists and system.
Refine and build upon our sanctions and transaction monitoring compliance frameworks, including maintenance and enhancement of relevant policies and procedures.
Prepare monthly management reporting for sanctions metrics for the OFAC Officer and BSA Officer.
Stay abreast of industry standards and developments in the areas of KYC/AML, and sanctions, and apply regulatory requirements and internal policies and procedures to sanctions related duties and responsibilities.
Works collaboratively with the team and internal stakeholders on the analysis and assessment of key financial regulatory developments, consultations or discussion papers.
Prepares and/or coordinates submission of periodic or ad hoc regulatory returns.
Assists management in ensuring relevant compliance policies and procedures are up to date.
Consistently demonstrates on-time delivery and high quality work product. Where a deadline or commitment is at risk, escalates to manager to help manage priorities, if appropriate, and alerts affected stakeholders so "no surprises."
Ability to determine false positives and true matches in regards to screening alerts with minimal supervision.
Is aware of Anchorage regulatory, licensing, and business expansion strategy to assist in successful implementation and is considered when defining the planning and goals of the team.
Influences the Compliance and Tech roadmap for implementing necessary controls.
Monitors the development of the company objectives and new product innovation to ensure compliance has a seat at the table.
Ensures that knowledge is shared amongst the Compliance Teams and does not position themselves or others as a single point of failure.
Mentors and guides new hires and others within Compliance to help understand Complianceâs impact, importance, and strategic goals for Anchorage.
Promotes positive working environments for inside and outside of the team with proper listening, speaking and empathy with colleagues, as well as embodies as a role model of our culture pillars.
Works closely with the team in order to solve problems and assist or guide other members in processes or workflows within their area of specialization or domain, helping others understand the strategic goals of Anchorage and how their work relates to these.
Uses expert judgment, insight, recommendations, conclusion, and ideas on how to improve the team (e.g., workflows, inventory, etc.)
Consistently expresses clear, thoughtful, analytical and solution-oriented communications, whether in high-impact slides/decks, written communications in slack or email, or verbal communications.
Have slack installed on your personal device.