Compliance, Senior Associate (Financial Crime)
WFA Digital Insight
The demand for compliance specialists in fintech has grown significantly, with a 25% increase in job openings over the past year. As companies like Coinbase expand their operations, the need for skilled professionals who can navigate complex regulatory environments has never been more pressing. With the Canadian government introducing stricter regulations, candidates with expertise in FINTRAC guidelines and experience in cryptocurrency and fintech are in high demand. As a remote worker, you'll need to be self-motivated and able to work independently, but also collaborate with cross-functional teams to drive compliance and mitigate financial crime risks.
Job Description
About the Role
The Compliance, Senior Associate role at Coinbase is a critical position that requires a deep understanding of regulatory matters, particularly in the Canadian fintech landscape. As a key member of the compliance team, you will work closely with the Chief Compliance Officer to implement and administer the compliance program, ensuring that Coinbase Canada operates in accordance with all relevant laws and regulations. Your day-to-day responsibilities will involve providing regulatory guidance, monitoring the regulatory environment, and maintaining detailed documentation to demonstrate compliance.The role is integral to Coinbase's mission to increase economic freedom worldwide. As a senior associate, you will be expected to work independently, but also collaborate with various teams, including CX, Legal, and Tech, to ensure data consistency, reporting accuracy, and alignment with regulatory and partner requirements. Your expertise will be invaluable in driving compliance and mitigating financial crime risks, and your ability to work effectively in a remote setting will be essential to your success.
What You Will Do
- Provide regulatory and compliance guidance to the Coinbase Canada business as it grows and expands
- Monitor the regulatory environment, including review and analysis of regulatory announcements, reports, and legislative changes
- Maintain detailed documentation to demonstrate compliance with regulations and internal policies and procedures
- Drive small ad-hoc targeted projects focusing on elements of the Canadian compliance program
- Coordinate and respond to requests for information (RFIs) from fiat partners, ensuring timely and accurate extraction of user data and supporting documentation
- Lead the drafting of AML/KYC compliance reports related to fiat and virtual asset transactions in Canada
- Manage and review assigned compliance cases within defined SLAs, providing clear guidance to internal stakeholders and escalating high-risk or complex cases when appropriate
- Foster collaboration across internal teams to ensure data consistency, reporting accuracy, and alignment with regulatory and partner requirements
- Lead or support automation initiatives aimed at streamlining KYC, EDD, and reporting processes
- Support all AML ATF and sanctions-related operational processes and activities
What We Are Looking For
- 5+ years of experience in compliance at financial services, with a particular focus on cryptocurrency and fintech
- Knowledge of Canadian compliance and regulatory matters, including FINTRAC guidelines
- Capacity to meet deadlines while maintaining attention to detail and quality of work
- Strong analytical and problem-solving skills, with the ability to interpret complex regulatory requirements
- Excellent communication and interpersonal skills, with the ability to work effectively with cross-functional teams
- Ability to work in a fast-paced, dynamic environment and adapt to changing priorities
- Strong understanding of AML/KYC regulations and risk management principles
Nice to Have
- Experience with automation tools and process improvement initiatives
- Certification in compliance or a related field, such as CCEP or CCO
- Familiarity with cryptocurrency and blockchain technology
- Experience working in a remote or distributed team environment
Benefits and Perks
- Competitive salary and benefits package
- Opportunity to work with a leading fintech company and contribute to the growth and development of the compliance function
- Collaborative and dynamic work environment with a team of experienced professionals
- Professional development opportunities, including training and certification programs
- Flexible working hours and remote work arrangements
- Access to cutting-edge technology and tools
- Recognition and reward for outstanding performance and contributions to the company's success
How to Stand Out
- Develop a deep understanding of Canadian regulatory requirements, including FINTRAC guidelines, to increase your chances of success in this role.
- Highlight your experience with automation tools and process improvement initiatives to demonstrate your ability to streamline compliance processes.
- Be prepared to provide specific examples of your analytical and problem-solving skills, particularly in the context of AML/KYC regulations and risk management principles.
- Showcase your ability to work effectively in a remote or distributed team environment, including your experience with collaboration tools and communication strategies.
- Consider obtaining certification in compliance or a related field, such as CCEP or CCO, to demonstrate your expertise and commitment to the field.
- When negotiating salary, be sure to research industry standards and consider the company's overall compensation package, including benefits and perks.
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