Compliance Officer

at  BitPay

BitPay is looking for a Compliance Officer to oversee and manage the day to day compliance operations for BitPay’s European entity. These responsibilities include ensuring that compliance processes and transactions within BitPay, BV are compliant with applicable regulations.

Responsibilities:

• Serve as the subject matter expert on transaction monitoring and investigations, including using blockchain monitoring tools, to monitor, detect, prevent and report on potential money laundering, terrorism financing, corruption and other suspicious activities.
• Manage and oversee the diligence processes, ensuring high quality data and monitoring of customer files. Collaborate with customers and account managers to understand the customer’s business, assess the customer’s AML risk, and gather documentation from publicly available sources.
• Conduct customer enhanced due diligence and investigations, generating internal reports and recommendations as necessary.
• Develop and oversee internal procedures pertaining to merchant onboarding, monitoring, and suspicious activity reporting (SARs).
• Lead day-to-day process of evaluating, creating, and filing SARs to appropriate regulatory agencies, e.g. FIU in The Netherlands
• Prepare data-driven management reports to inform internal decision-making.
• Maintain contact with De Nederlandsche Bank (DNB) and other financial regulators.
• Respond to law enforcement requests in a timely manner.

Requirements:

• 4+ years of experience in operational risk, compliance, KYC/AML, and transaction monitoring, within a cryptocurrency or financial services company.
• Familiarity with blockchain monitoring tool Chainalysis or similar tools (e.g., Elliptic, Ciphertrace, Chainalysis) and automated transaction monitoring tools used by fintechs (e.g., Unit 21,Palantir, ComplyAdvantage).
• Team player with a positive attitude and good sense of humor.
• Fluency in English.
• Ability to work remotely and independently.
• Located within a commuting distance of Utrecht, NL.

Preferred:

• Relevant AML certification, e.g. ACAMS, ICA, the Dutch Compliance Institute or the NIBE-SVV.
• Experience interacting with regulators regarding compliance-related matters.
• Strong skills with Google Sheets or Excel; with the ability to analyze data and create visual reports quickly.
• Excellent research, communications, analytical, organizational, and interpersonal skills.
• Enthusiasm for cryptocurrency and disruptive technologies, with a solid understanding of blockchain technology and the regulatory landscape for cryptocurrency.
• Proactive, self-starter mentality with the ability to thrive under pressure, and a willingness to learn.

• Serve as the subject matter expert on transaction monitoring and investigations, including using blockchain monitoring tools, to monitor, detect, prevent and report on potential money laundering, terrorism financing, corruption and other suspicious activities.
• Manage and oversee the diligence processes, ensuring high quality data and monitoring of customer files. Collaborate with customers and account managers to understand the customer’s business, assess the customer’s AML risk, and gather documentation from publicly available sources.
• Conduct customer enhanced due diligence and investigations, generating internal reports and recommendations as necessary.
• Develop and oversee internal procedures pertaining to merchant onboarding, monitoring, and suspicious activity reporting (SARs).
• Lead day-to-day process of evaluating, creating, and filing SARs to appropriate regulatory agencies, e.g. FIU in The Netherlands
• Prepare data-driven management reports to inform internal decision-making.
• Maintain contact with De Nederlandsche Bank (DNB) and other financial regulators.
• Respond to law enforcement requests in a timely manner