Compliance Associate, Paxos
KYC
$101.2-119k
+ Offers Equity
Blockchain infrastructure for financial services
Be an early applicant
Blockchain infrastructure for financial services
201-500 employees
Be an early applicant
$101.2-119k
+ Offers Equity
201-500 employees
Company mission
To enable the movement of any asset, at any time, in a trustworthy way.
Role
Who you are
- 1-2 years of compliance experience under your belt
- A fundamental understanding of anti-money laundering and sanctions regulations
- Experience with sanctions screening, client onboarding, KYC, etc
- Strong writing capabilities where deliverables are to be reviewed by regulators, auditors and law enforcement
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 Associate will be a key team member of Compliance Operations
- This role will be critical to our onboarding and know your customer processes
- This individual will be research minded and love digging into anomalous behaviors as well as having a customer-centric mindset
- The Compliance Associate will be a results-oriented compliance professional who takes ownership of their day to day work and demonstrates the sharpness needed to protect our company from bad actors and financial crimes
- You will execute all objectives of the Compliance Operations program, including client onboarding and customer due diligence, sanctions screening, vendor management, training, etc
- You will effectively coordinate with business and operational teams through key approval processes to provide an optimal customer experience while maintaining our regulatory obligations with regards to customer identification
- You will actively partner with global functional teams to execute shared compliance-specific projects and responsibilities
- Immerse yourself in blockchain technology, cryptocurrency for enterprises and investors, and our regulation-first approach
Our take
Paxos develops 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, 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 substantial funding and an impressive valuation.
Its growth has been backed up by material results, too. It has established relationships with firms like Bank of America, Credit Suisse and Mastercard. PayPal also leverages Paxos on its backend to enable its users to buy, sell and hold crypto. This proven success with an expanding roster of big-name clients is very impressive, as is the company's success in receiving approval to convert to an OCC National Trust Bank.
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 & Co-founder)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 & Co-founder)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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