Compliance Manager, Ethena
$120-150k
Infrastructure unlocking Ethereum's potential
Be an early applicant
Infrastructure unlocking Ethereum's potential
1-20 employees
Be an early applicant
$120-150k
1-20 employees
Company mission
To provide access to trustless, globally accessible, and secure money and savings.
Role
Who you are
- In-depth understanding of financial regulations, including Anti-Money Laundering (AML), Counter-Terrorist Financing (CFT), Know Your Customer (KYC), and data privacy laws
- Familiarity with the regulatory landscape for digital assets, cryptocurrencies, and stablecoins at local, national, and international levels (e.g., FATF guidelines, EU MiCA, SEC regulations, etc.)
- Experience in conducting risk assessments and implementing effective internal controls to prevent and detect potential violations
- Expertise in creating, implementing, and overseeing robust AML/CFT compliance programs
- Knowledge of conducting internal audits, identifying compliance gaps, and taking corrective actions
What the job involves
- The Compliance Manager will be a key team member reporting to Ethena’s General Counsel supporting both the Operations and Legal teams
- This role will be critical to Ethena's compliance obligations to our key strategic partners in regulated markets, as well as our own regulatory licences and general internal risk processes and procedures
- You’ll be responsible for onboarding processes as well as transaction monitoring and investigation processes, and you will develop & enhancing them as we scale
- The Compliance Manager will be a process oriented professional who takes ownership of the day to day compliance operations at Ethena and demonstrates the awareness needed to ensure Ethena’s compliance with relevant standards
- Support the Legal & Operations teams, driving improvements in a variety of operational processes, particularly in compliance
- Design and implement streamlined processes for onboarding users, along with ongoing compliance policies that are both efficient and comprehensive
- Work with teams across disciplines to develop and implement internal policies and processes required for compliance with licensing requirements (e.g., MiCA) in conjunction with existing, dedicated compliance teams
- Drive external compliance requests, such as onboarding and KYB requirements from partners, as well as implement and lead compliance checks / vendor due diligence on potential partners. Monitor third-party relationships for compliance risks as they may emerge
- Work with external service providers to conduct relevant diligence and analyses to determine whether gaps in certain compliance initiatives exist, and design/implement strategies to mitigate
- Inform and support the rest of the company (e.g. marketing and product teams) to ensure consistency and compliance with applicable laws, and regulations across our products, marketing, policies and practices
- Keep up to date with relevant compliance standards and regulations across key jurisdictions we work in, using this knowledge to inform your work
Our take
Recently emerging from stealth, Ethena aims to provide accessible and permissionless dollar-denominated savings instruments to individuals beyond the United States. The company is set to introduce two products designed to reshape the landscape of decentralized finance (DeFi).
First, it's creating a US dollar stablecoin that operates independently of traditional financial systems, offering full collateralization and transparency. Alongside this stablecoin, Ethena is crafting the world's first digitally native savings bond. Unlike traditional bonds tied to centralized banks, this bond token will provide an alternative savings platform for users worldwide.
Ethena's ambitious vision has attracted significant support in the form of a seed round fundraiser. The capital received will help the company propel its stablecoin and bond assets into the market, with a scheduled launch in the third quarter of 2023. As Ethena strives to provide a decentralized and capital-efficient solution, it is poised to redefine the landscape of DeFi, offering a promising alternative to traditional banking systems for users globally.
Steph
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
Company
Funding (2 rounds)
Feb 2024
$14m
EARLY VC
Jul 2023
$6m
SEED
Total funding: $20m
Company HQ
Pena, Lisbon, Lisbon
Leadership
Guy Young
(Founder)Founded Ethena in early 2023. Previously worked in Investing at Cerberus Capital Management.
Share this job
View 1 more job at Ethena