Financial Crime Manager, Avara
More information about location
Open source protocol for decentralised lending
Open for applications
Open source protocol for decentralised lending
101-200 employees
Open for applications
More information about location
101-200 employees
Company mission
To reinvent our modern paradigms in the realm of finance, social media networking and beyond.
Role
Who you are
- Bachelor's degree in business, finance, law, or a related field
- At least 7 years of relevant experience in a risk or compliance role within a financial services organisation, consultancy firm, or regulator. Experience of both payments and cryptoassets is highly preferred
- Deep knowledge of relevant financial crime regulations and best practices, as well as familiarity with relevant industry standards and guidelines
- Experience conducting financial crime risk assessments and developing policies, procedures, and controls
- Experience with compliance-related tools, including for customer screening purposes, transaction monitoring, blockchain analytics, etc
- Excellent analytical and communication skills, with the ability to identify and communicate complex information to both technical and non-technical audiences
- Ability to work independently and collaboratively, as well as to manage multiple priorities and deadlines
- The role requires a detailed understanding of the regulatory environment for payments companies and cryptoasset trading firms, as well as a keen eye for identifying and mitigating compliance risks
What the job involves
- We are looking for a Financial Crime Manager to join our growing team and support our first line of defence
- The Financial Crime Manager will be responsible for helping to ensure that we comply with all applicable laws and regulations related to preventing and detecting money laundering, terrorist financing, fraud, bribery and corruption; and circumventing economic sanctions.
- Complete know-your-customer (KYC) and enhanced due diligence (EDD) checks on customers, partners, and third-party service providers
- Conduct complex investigations and analyse customer transactional activity and behavioural patterns to determine if customer activity requires further review
- Investigate and escalate suspicious activity and transactions to the Money Laundering Reporting Officers as appropriate
- Ensure the effectiveness of transaction monitoring systems and make recommendations for enhancements based on emerging threats and business changes
- Conduct periodic financial crime risk assessments of our regulated business
- Advise the team on financial crime issues and assist in the development of strategies to mitigate inherent risks
- Provide training and ongoing support to frontline staff to raise awareness of financial crime risks and ensure understanding of their responsibilities in detecting and reporting suspicious activities
- Develop and maintain compliance policies, procedures, and controls that meet or exceed regulatory requirements and best practice
- Support the business with the design and launch of new features, products, and/or markets to ensure all legal and regulatory requirements are met
- Monitor compliance with relevant regulations and internal policies
- Keep up to date with regulatory, industry, and technology changes in order help identify areas of improvement to increase efficiency and ongoing effectiveness
- Provide regular Management Information (MI), training, and support to the business as required
- Work with various internal and external stakeholders
Salary benchmarks
Our take
Avara is a software technology company, known for its cutting-edge Web3 products built on blockchain technologies. Avara has crafted the highly resilient Aave Protocol, a decentralised, open-source, and non-custodial liquidity protocol.
One of Avara's distinctive features is its tokenisation of deposits, allowing users to earn interest in real time as their deposits are transformed into tokens. Depositors contribute liquidity to pools, and borrowers can access this liquidity with variable and stable interest rate options. The Avara Protocol's commitment to community governance is further exemplified through initiatives like the Avara Grants DAO, a community-led grants program financing ideas from the Aave Protocol's community.
Avara's influence extends beyond its flagship protocol, as the company has expanded its portfolio to include transformative projects. Notably, Avara has introduced GHO, an algorithmic stablecoin aimed at revolutionising the stablecoin market by ensuring the verifiability of reserves. Additionally, Avara has ventured into decentralised social networking with Lens, while strategic acquisitions of Sonar, a metaverse app, and the Family Crypto wallet underline its dedication to realising a people-powered internet that benefits all.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Some candidates hear
back within 2 weeks
-14% employee growth in 12 months
Glassdoor (4.2)
Company
Funding (2 rounds)
Oct 2020
$25m
EARLY VC
Jul 2020
$7.5m
SEED
Total funding: $32.5m
Company benefits
- Work-life balance
- Equity
- Regular team events and off-sites
- Medical coverage and pension
- Generous paid parental leave
- Generous vacation and sick leave
- Work from anywhere
- Paid co-working space/desk
Company values
- Craft: We take pride in craft, talent, attention to detail, mindfulness, resourcefulness, and meaningful steps towards excellence
- Accountability: We take responsibility for our own decisions, actions and results, and we work as one team
- Integrity: We count on each other to be direct, honest, and caring. Our word matters; what we say is what we do
- Sisu: We cultivate inner strength and self-awareness. We persevere in the face of obstacles
- Community: We create products that increase access and engender human connection and community
Company HQ
Notting Hill, London, UK
Articles
Leadership
Stani Kulechov
(CEO)Stani graduated from the University of Helsinki with a Master's in Law.
Diversity, Equity & Inclusion at Avara
Muna Gullam (People & Talent Partner )
- Avara celebrates diversity and views each and every team member as a separate individual with their own unique identity. No matter your race, religion, gender, ethnicity, age, disability, sexual orientation or even the wallet you use, we welcome you at Avara. As an equal opportunities employer, we take accountability and believe in everyone’s potential to build, create and inspire changes. With a mission to build a diverse workforce, we are proud to foster a working environment in which everyone can feel safe and valued for who they are.
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