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Senior Lead Compliance Associate, USA

Kraken

Kraken

Legal
United States
Posted on Thursday, July 11, 2024

Building the Future of Crypto

Our Krakenites are a world-class team with crypto conviction, united by our desire to discover and unlock the potential of crypto and blockchain technology.

What makes us different?

Kraken is a mission-focused company rooted in crypto values. As a Krakenite, you’ll join us on our mission to accelerate the global adoption of crypto, so that everyone can achieve financial freedom and inclusion. For over a decade, Kraken’s focus on our mission and crypto ethos has attracted many of the most talented crypto experts in the world.

Before you apply, please read the Kraken Culture page to learn more about our internal culture, values, and mission.

As a fully remote company, we have Krakenites in 70+ countries who speak over 50 languages. Krakenites are industry pioneers who develop premium crypto products for experienced traders, institutions, and newcomers to the space. Kraken is committed to industry-leading security, crypto education, and world-class client support through our products like Kraken Pro, Kraken NFT, and Kraken Futures.

Become a Krakenite and build the future of crypto!

Proof of Work

The Team

Join our US Compliance team and help us shape an industry leading AML and Compliance program. The team plays a vital role in ensuring compliance with laws and regulations applicable to money transmitters/MSBs throughout the states and US territories.

The Opportunity

  • Take both a hands-on and supervisory role in implementing the US regional compliance department applying best practices to meet regulatory obligations

  • Drive development, updates and implementation of Written Supervisory Policies (“WSP”) and Procedures required to be compliant with applicable regulations

  • Support the development and enhancement of programs to comply with US laws and regulations across all needed business functions. This may include, but is not limited to, BSA/AML policies, risk assessment, internal and external audit preparedness, cybersecurity programs, regional WSPs, vendor management policies

  • Design, implement and test controls to ensure the team, vendors and shared-services departments comply with PWI’s policies and applicable laws and regulations

  • Monitor AML Operations dashboards and provide updates and reports to the CCO and Deputy CCO/BSA Officer regarding testing, controls, AML Operations oversight

  • Provide support to the CCO and Deputy CCO during regulatory examinations and audits, including collecting records and information responsive to inquiries, drafting narrative responses, participating in interviews and coordinating with examiners/auditors

  • Drive and track remediation efforts to address gaps in compliance, including to ensure ongoing compliance with changing regulations and in response to findings on examination/audit reports

  • Manage the process to track, investigate and respond to customer complaints and create reports on monthly complaints for the CCO and Deputy CCO/BSA Officer

  • Assist in due diligence reviews as needed (e.g., new coin listings, banking partners/vendors, high-risk client onboardings/offboardings, etc

  • Participate in the review and approve process for proposed marketing materials based upon predefined parameters

  • Oversee the implementation of new compliance systems and controls

  • Assist in the training and development of less senior Compliance Associates

  • Support CCO/AMLCO in developing and delivering compliance training programs that meet US regulatory expectations

  • Develop and manage relationships with first line teams to ensure compliance, and review/approve regional compliance escalations for functions such as onboarding and suspicious activity monitoring

  • Assist in preparation of license/ registration applications and renewals

  • Ensure timely and accurate submission of required regulatory filings

  • Continually seek out and implement efficiencies and process improvements

  • Actively analyze problems and implement corrective action

  • Examine and stay apprised of updates and developments in the regulatory environment

  • 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

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

Skills You Should HODL

  • Undergraduate degree in an applicable field (e.g., Business, Law, Finance, Technology, etc.) and 8+ years second-line Compliance experience in financial services, or an advanced degree (e.g., JD, LLM, MBA, etc.) with 5+ years experience, preferably within a heavily regulated entity, such as a bank, registered broker-dealer or other money transmitter business

  • Understanding of best practices as they relate to the functions and divisions of responsibility within a Compliance Department

  • Demonstrated ability to effectively analyze risk and apply sound judgment in a timely manner

  • Excellent communication and presentation skills, both verbal and written.

  • Attention to detail and strong organizational skills

  • Ability to prioritize workload in line with tight deadlines and work effectively under pressure

  • Advanced knowledge of AML/BSA and OFAC sanctions programs and other applicable regulations

  • Experience implementing and/or automating operational and/or compliance processes

Nice to Have

  • Experience and/or passion for crypto

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

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

Location Tagging: #LI-CM1 #LI-Remote

Building a better world of money

We’re Kraken. We empower everyone — from first-time traders to experienced pros — with new ways to transact and connect with crypto, so they can achieve true financial freedom and inclusion. We believe that crypto is a vehicle for change — a tool with the power to upend the unfair financial system in favor of something better, more inclusive, and made for the 21st-century. To reach our goals, we need a remarkable crew — a diverse and inclusive team of “Krakenites”, all working towards a shared mission: to accelerate the global adoption of crypto. If you’re excited to help us build a better world of money, we hope you’ll join us.

Before applying, find out more about our values, internal culture, and mission here.

As an equal opportunity employer, we don’t tolerate discrimination or harassment of any kind. Whether that’s based on race, ethnicity, age, gender identity, citizenship, religion, sexual orientation, disability, pregnancy, veteran status or any other protected characteristic as outlined by federal, state or local laws.

Stay in the know

Follow us on Twitter

Learn on the Kraken Blog

Connect on LinkedIn

Kraken is powered by people from around the world and we celebrate all Krakenites for their diverse talents, backgrounds, contributions and unique perspectives. We hire strictly based on merit, meaning we seek out the candidates with the right abilities, knowledge, and skills considered the most suitable for the job. We encourage you to apply for roles where you don't fully meet the listed requirements, especially if you're passionate or knowledgable about crypto!

As an equal opportunity employer, we don’t tolerate discrimination or harassment of any kind. Whether that’s based on race, ethnicity, age, gender identity, citizenship, religion, sexual orientation, disability, pregnancy, veteran status or any other protected characteristic as outlined by federal, state or local laws.

Stay in the know

Follow us on Twitter

Learn on the Kraken Blog

Connect on LinkedIn