Jobe Details

Chief Compliance Officer - Domestic OTC Desk Posted on: 11/28/2020

Infinity Consulting Solutions, Inc
  • -
  • -
  • CHICAGO-60601, IL, US


  • Job Description

    Chief Compliance Officer – Domestic OTC Desk

    A cryptocurrency firm that we work with is looking for a CCO for there OTC Desk.

    The BSA/AML Chief Compliance Officer oversees the day-to-day BSA/AML responsibilities within the
    Compliance Department and is accountable for the Department's performance as a whole.
    Responsibilities will include but are not limited to:

    Creating and maintaining a comprehensive Compliance Program featuring an AML/KYC Policy, a Risk
    Assessment, Training, and Independent Testing

    Regularly reading about new regulations in relevant jurisdictions and adjusting the Program accordingly

    Reviewing and investigating alerts/high risk accounts, identifying suspicious activity, and performing enhanced due diligence on customers and accounts

    Interpreting company's policy/procedures pertaining to compliance and BSA/AML/OFAC, keeping up to date on regulations, and ensuring timely reporting of all activity

    Duties of the position will include, but are not limited to:

    Acting as a resource to all coworkers with regards to understanding compliance requirements and how they affect products and services

    Conducting enhanced due diligence for customers at on-boarding and periodically throughout the duration of the relationship

    Making sure new account registrations comply with relevant laws, rules and regulations

    Assisting with or conducting transaction testing, data validation, and ongoing customization of monitoring systems

    Conducting comprehensive investigation reviews of customers by utilizing KYC information, occupation, line of business, income sources, and transaction activity as identified by the Risk Assessment/system platform triggers

    Utilizing data to research and build a case for suspicious activity

    Identifying high risk activity, relationships, and accounts based on KYC tiers

    Assisting in preparation for internal audits or bank partner examinations

    Reviewing and contributing to compliance training materials for staff.

    Participating in meetings with coworkers to identify gaps within current practices, and then rectifying the process to assure regulatory compliance

    Reviewing and making recommendations for policies and procedures to meet current regulatory expectations and assisting in making updates as regulatory changes occur

    Conducting research and data collection for the completion of compliance requirements for new products and services

    Knowledge & Skills__

    Bachelor's degree

    Experience with OTC Desks

    Experience with Cryptocurrency firms is a major plus

    CAMS Preferred

    ACFCS Preferred

    Identify and assess regulatory compliance risks and develop appropriate strategies to mitigate risk

    Working knowledge of compliance regulations regarding the Bank Secrecy Act & Anti-Money Laundering (BSA/AML), Patriot Act (CIP), Treasury Office of Foreign Assets Control (OFAC), and FinCEN advisory guidelines regarding Know Your Customer (KYC)/Enhanced Due Diligence (EDD)

    Exhibit superior time management skills (measured by deadlines, quality of progress, and number of projects completed)

    Advanced decision-making aptitude

    Ability to meet tight deadlines with limited resources

    Ability to manage multiple projects simultaneously

  • Chief Compliance Officer
    Compliance & regulatory
  • No Preference
    FullTime Job
  • Candidate Requirements
  • Walkin Information
Recruiter Details
Doug Klares
1350 Broadway, Suite 2205, NEW YORK-10018, NY
Advertise with Us,