Head of Compliance, FalconX
Americas
$248-341k
This role will also be eligible for other forms of compensation such as a performance linked bonus, equity
Digital asset trading platform
Open for applications
Digital asset trading platform
201-500 employees
Open for applications
$248-341k
This role will also be eligible for other forms of compensation such as a performance linked bonus, equity
201-500 employees
Company mission
To build the connective tissue for open, permission-less, and truly global digital assets to be adopted by mainstream institutions at scale.
Role
Who you are
- The ideal candidate should have at least 10+ years of Compliance regulatory leadership experience in the financial services space (FinTech, Crypto or banking sector)
- Bachelor’s degree in Finance, Economics, Law, Business Administration, or a related field, or Juris Doctor Preferred
- Extensive knowledge and experience with compliance regulations including but not limited to AML/CFT, Patriot Act (CIP), Office of Foreign Assets Control, and FinCEN advisory guidelines regarding Know Your Customer (KYC)/Enhanced Due Diligence (EDD)
- Proven background in building crypto compliance programs, processes and controls
- Proven ability to manage multiple projects simultaneously and meet deadlines
- Previous experience working with derivative products and associated regulatory regimes is nice-to-have
- Strong communication and presentation skills
What the job involves
- The Head of Compliance, Americas will be responsible to lead the Americas compliance program, which encompasses Anti-Money Laundering and Countering the Financing of Terrorism (“AML/CFT”), Economic Sanctions and regulatory compliance
- The candidate will report to the Global Head of Compliance (“Global CCO”) and work closely with the offshore level 1 and onshore level 2 compliance teams
- Oversee the AML/CFT and Sanctions program of FalconX’s regulated entities in the Americas region
- Serve as FalconX’s board appointed AML Officer for U.S. based entities holding money transmitter licenses and other affiliates as may be necessitated from time to time
- Work with leads to obtain and maintain registrations and licenses in the U.S., manage regulatory relationships and examinations
- Evaluate existing and new products and services for Compliance risk and ensure implementation of sufficient controls prior to launch
- Design, implement and oversee AML/CFT internal controls to ensure compliance with crypto-specific regulations: customer onboarding, crypto transaction monitoring, crypto trade surveillance, sanctions screening, law enforcement inquiries, training
- Review and investigate alerts/high risk accounts, identifying suspicious activity, and performing enhanced due diligence on customers and accounts
- Ensure that applicable regulatory compliance regulations and best practices are implemented for the Americas region, these include: Business Continuity/Disaster Recovery, Third-Party Risk Management, Privacy, Anti Bribery Corruption, Customer Complaints etc
- Manage the U.S. Compliance team, projecting and implementing resource plans to ensure the Compliance program can be effectively executed
- Monitor evolving global regulations for cryptocurrencies and decentralised financial products (e.g., DeFi, NFTs, stablecoins)
- Assisting with providing MIS and data for annual independent testing, data validation, and ongoing customization of KYC and blockchain monitoring and surveillance systems
- Provide advisory support to Business teams regarding regulatory requirements and risks related to product development and customer onboarding/retention
- Ensure timely Compliance reporting of key risk and performance indicators to senior management, committees and Boards
- Update and ensure adherence to compliance training program
- Manage ad-hoc projects as needed
Our take
FalconX is driving the decentralized financial future with its digital asset trading platform, catering specifically to institutional users. Offering a suite of tools, from trade execution to market making and credit management, FalconX simplifies crypto strategy management through a unified interface.
Renowned institutions like Accel and Tiger Global have adopted FlaconX, recognizing it as a leader in the space. Notably, the company earned the prestigious FinTech Breakthrough's 2023 DeFi Innovation Award for its FalconX 60 platform, a testament to its pioneering role in digital investment and risk management.
As institutional demand for crypto assets surges in the Asia-Pacific region, FalconX is expanding its footprint into Hong Kong. The company's decision to offer over-the-counter brokerage and crypto derivatives services aligns with the region's growing interest in virtual assert innovation and regulatory advancements. With a commitment to innovation and a proactive approach to expansion, FalonX is well-positioned to further solidify its position as a leading player in the digital asset trading space.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 4 rounds)
Jun 2022
$150m
SERIES D
Aug 2021
$210m
SERIES C
Total funding: $427m
Company HQ
East San Mateo, San Mateo, CA
Articles
Leadership
Raghu Yarlagadda
(Co-Founder & CEO)Co-founder and CTO at Sarada Educational Institutions. Former Advisory Board Member at JoyUp, and Product Lead at eightfold.ai.
Prabhakar Reddy
(Co-Founder)Previously an Investor with Accel Partners, Partner at Singularity Ventures, and CEO at Dramatize. Also co-founded and was CEO of nFusion.
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