Ready to be pushed beyond what you think you’re capable of?
At Coinbase, our mission is to increase economic freedom in the world. It’s a massive, ambitious opportunity that demands the best of us, every day, as we build the emerging onchain platform — and with it, the future global financial system.
To achieve our mission, we’re seeking a very specific candidate. We want someone who is passionate about our mission and who believes in the power of crypto and blockchain technology to update the financial system. We want someone who is eager to leave their mark on the world, who relishes the pressure and privilege of working with high caliber colleagues, and who actively seeks feedback to keep leveling up. We want someone who will run towards, not away from, solving the company’s hardest problems.
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Our work culture is intense and isn’t for everyone. But if you want to build the future alongside others who excel in their disciplines and expect the same from you, there’s no better place to be.
What you’ll be doing (ie. job duties):
- Establishing AML and CFT systems and controls to comply with PMLA, PMLR and VDA AML guidelines
- Maintaining and developing the risk based approach to AML and CFT arrangements - carrying out regular assessments of the adequacy of systems and controls to ensure that risks are managed effectively.
- Overseeing the implementation of appropriate AML and CFT policies and procedures, including the operation of the risk-based approach.
- Determining the level of resources required to execute appropriate AML and CFT policies and procedures.
- Reviewing the output from the suspicious activity monitoring processes.
- Ensuring that AML and CFT requirements are considered as part of the development of new products, or service changes.
- Obtaining board approval for significant process changes.
- Ensure that policies and procedures are accurately documented in the AML Manual which should be available to staff and used to guide training.
- Ensure that the Board is kept informed of the money laundering risks posed by the business and its activities, and how these are managed and mitigated.
- Reporting to the Board on a regular basis detailing the operation and effectiveness of the systems and controls used to combat financial crime.
- Documenting and ensuring that any actions recommended by the Board are implemented.
- Arrange and assist with regulatory visits and audit inspections.
- Regularly reviewing developments in applicable legislation (Indian AML/CFT Regulations, FATF, Etc.) and guidance (domestic and international where the business is involved).
- Ensuring that policies are updated to meet changing regulatory and business requirements.
- Ensuring that the operation of systems and controls are monitored and that they implement policy.
- Maintaining up to date AML documentation.
- Ensuring that relevant staff are provided with AML and CFT training appropriate for their position (frequency and content) and that all new staff receive training within the specified period. Ensure that training materials remain up-to-date and relevant to the business.
- Maintain an internal reporting process for receiving internal Suspicious Transaction Reports (STRs).
- Investigating internal STRs, using all available resources.
- Deciding, following investigation, whether the internal report gives rise to knowledge or suspicion or reasonable grounds for knowledge or suspicion and submitting an external STR to the Indian FIU where appropriate.
- Documenting the reasons for not submitting an external STR to the FIU where an internal report has been made, considered and deemed not to be suspicious.
- Ensure that relevant records are retained for the prescribed periods.
- Where required be the main point of contact for law enforcement officials.
What we look for in you (ie. job requirements):
- Minimum 8 years of experience in AML compliance related functions.
- Experience in developing and administering internal controls and processes.
- Ability to work collaboratively with a broad range of business functions, with an emphasis on senior management, is essential.
- A demonstrated ability to work with diverse groups of people is required.
- A willingness to take personal legal responsibility for the prevention of financial crime is essential.
- Ability to interface with Regulators
- Ability to work in a cross functional environment
Nice to haves:
- A professional compliance, or financial qualification, and membership of a recognised professional body, would be advantageous but not a prerequisite.
- Experience managing an AML or Compliance Department
- Management experience in a matrixed environment
Pay Transparency Notice: The target annual salary for this position can range as detailed below. Full time offers from Coinbase also include target bonus + target equity + benefits (including medical, dental, and vision).
Commitment to Equal Opportunity
Coinbase is committed to diversity in its workforce and is proud to be an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, creed, gender, national origin, age, disability, veteran status, sex, gender expression or identity, sexual orientation or any other basis protected by applicable law. Coinbase will also consider for employment qualified applicants with criminal histories in a manner consistent with applicable federal, state and local law. For US applicants, you may view the Know Your Rights notice here. Additionally, Coinbase participates in the E-Verify program in certain locations, as required by law.
Coinbase is also committed to providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please contact us at accommodations[at]coinbase.com to let us know the nature of your request and your contact information. For quick access to screen reading technology compatible with this site click here to download a free compatible screen reader (free step by step tutorial can be found here).
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