Manager of Compliance Operations Investigations, Paxos
$173-203.5k
+ Equity + Bonuses
Blockchain infrastructure for financial services
Open for applications
Blockchain infrastructure for financial services
201-500 employees
Open for applications
$173-203.5k
+ Equity + Bonuses
201-500 employees
Company mission
To enable the movement of any asset, at any time, in a trustworthy way.
Role
Who you are
- 6+ years of experience in Transaction Monitoring and Investigations operations processes including hands on experience executing investigations and drafting suspicious activity reports
- 4+ years of financial crime compliance team management experience A fundamental understanding of AML, KYC and Sanctions regulations
- Strong writing capabilities where deliverables are to be reviewed by regulators, auditors and law enforcement
- Experience managing operational data sets including reporting KPIs/KRIs to leadership Excellent stakeholder management and communication skills, with the ability to work cross-functionally
- Ability to develop and implement process improvements based on business initiatives and compliance insights
What the job involves
- The Compliance team at Paxos plays a vital role in ensuring the company adheres to global regulatory standards across financial products and services
- This team tackles complex challenges such as AML, sanctions, and transaction monitoring, all while ensuring a robust compliance framework in a rapidly evolving crypto and fintech landscape
- By safeguarding Paxos against regulatory risks, the team is essential in helping the company achieve its mission of creating a more transparent and efficient financial ecosystem
- The Compliance Operations Investigation Manager will lead the execution of core compliance objectives, including financial crime investigations and regulatory reporting
- In addition to operational leadership, the Compliance Operations Investigation Manager will play a key role in driving strategic compliance initiatives aimed at strengthening Paxos’ financial crime prevention framework
- This includes contributing to the design and execution of long-term compliance strategies, enhancing investigative processes through automation and analytics, and ensuring the program evolves in step with regulatory expectations and business innovation
- Oversee implementation of operational objectives of the Compliance Investigations program
- Scale the compliance operations investigations team to support business growth in line with sustainable risk management and compliance support
- Manage and develop key metrics to determine the health of the compliance investigations program
- Oversee end-to-end investigations on a range of cases triggered from KYC/CDD, sanctions screening, transaction monitoring and blockchain analytics
- Lead a high-performing team while fostering a culture of accountability, continuous learning, and professional growth within Compliance Operations
- Evaluate ongoing technology utilized in the investigations process including but not limited to automation
- Be a senior member of the Compliance Operations team where you help to guide and provide support to the other operations workstreams
Our take
Paxos is aiming to revolutionize blockchain by developing its selection of regulation-compliant infrastructure services for companies looking to add features like crypto brokerages or branded stablecoins to their customer offerings.
Its focus on regulatory compliance across different territories, and its status as one of only three national trusts born in the crypto ecosystem, gives it an edge in building a unique and global network of enterprise customers.
Cryptocurrency remains a risky sector, so a company at the forefront of crypto regulation is proving highly attractive to a growing sector of enterprises tentatively dipping their toes in. It is pushing ahead of competitors as one of the largest crypto/blockchain startups with a valuation of over $2 billion and a current funding total of over $500 million.
Its growth has been backed up by material results, too. It has established relationships with firms like Bank of America, Credit Suisse, and Mastercard, and PayPal leverages Paxos on its backend to enable its users to buy, sell, and hold cryptocurrencies. This proven success with an expanding roster of big-name clients and collaborators like MakerDao will likely see it command a dominant market share in the years ahead.
Steph
Company Specialist at Welcome to the Jungle
Insights
10% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Apr 2021
$300m
SERIES D
Dec 2020
$142m
SERIES C
Total funding: $535.3m
Company HQ
Midtown East, New York, NY
Leadership
Charles Cascarilla
(CEO)Previous Co-founder and Partner at Cedar Hill Capital Partners for 10 years. Current Partner at Liberty City Ventures and Founding Board Member of the Association for Digital Asset Markets, alongside working at Paxos.
Rich Teo
(CEO Asia)Previous Financial Analyst at Citi for 2 years before becoming a Principal / Senior Analyst at Cedar Hill Capital Partners. Has served as CEO of Asia at Paxos for 7 years.
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