Role in brief
Galaxy is seeking a Compliance Associate to oversee compliance policies related to KYC and AML in a dynamic environment. Ideal candidates will have experience in cryptocurrency compliance and a strong understanding of regulatory requirements.
About the role
As a Compliance Associate at Galaxy, you will play a critical role in maintaining compliance across various business lines, focusing on KYC and AML activities. Your responsibilities will include conducting due diligence, investigating alerts, and implementing transaction monitoring processes to ensure adherence to regulations.
You will work within a fast-paced environment, collaborating with institutional clients and investors during their onboarding processes. Success in this role involves not only meeting compliance standards but also providing a positive experience for clients while leveraging AI tools to enhance productivity.
The salary for this role ranges from $130,000 to $150,000, reflecting the specialized nature of compliance work in the cryptocurrency sector.
Skills that matter here
- KYC: You will conduct end-to-end KYC onboarding reviews to ensure compliance.
- AML: Experience in AML alert clearance is essential for this role.
- BSA: You will implement BSA/AML procedures and recommend improvements.
- CDD: Conducting Customer Due Diligence will be a key responsibility.
- EDD: Enhanced Due Diligence processes will be part of your daily tasks.
- Transaction Monitoring: You will assist in on-chain transaction monitoring and validation.
Who this role suits
- Candidates should have at least 2 years of experience in a cryptocurrency firm.
- A strong knowledge of compliance regulations and procedures is crucial.
- You should thrive in a fast-paced, ever-changing work environment.
- An interest in cryptocurrency and blockchain investigations will be beneficial.
From the employer
What You’ll Do
- Conduct and review OFAC screens and research OFAC false positives and escalate potential OFAC issues for review; file OFAC reports if required; testing and validating the sanction screening tool.
- Conduct Customer Due Diligence, review Customer Risk Ranking, conduct Enhanced Due Diligence, escalate potential AML risks with recommendations for mitigation.
- Investigating, analyzing and identifying AML alerts which may lead to filing suspicious activity reports as required by law.
- Assist in implementing on-chain transaction monitoring including validation, and clearing AML transaction monitoring alerts.
- Implement respective BSA/AML and OFAC procedures and recommend procedure improvements based on regulations and industry practices that correspond to the Company's business model.
- Assist with regulatory audits and requests.
- Ensure appropriate adherence to CDD, EDD and Transaction Monitoring processes while providing a positive experience for clients.
- Identify compliance and risk issues.
- Assist institutional clients and investors during the onboarding process, which will include questions regarding onboarding to Galaxy and also onboarding Galaxy to their platform.
- Provide an exceptional “client-first” experience both through email and over scheduled phone calls with business personnel to properly ensure the correct guidance and information is given to clients and investors.
- Embrace and champion the thoughtful adoption of AI to improve team performance and business outcomes.
- Leverage AI tools (e.g., generative AI, automation platforms, data copilots) to improve productivity, decision-making, and output quality in your day-to-day work.
What We’re Looking For
- Experience conducting end-to-end KYC onboarding reviews.
- Experience in blockchain investigations and AML alert clearance.
- Preference for working in a fast paced and ever-changing environment.
- At least 2 years of experience at a cryptocurrency firm.
- Bachelor’s Degree.
- Bonus Points: CAMS certification.
- Strong knowledge of BSA/AML, CDD, EDD, and Transaction Monitoring requirements.
- Experience conducting and dispositioning transaction monitoring alerts and cases.
- Ability to manage multiple projects and functions.
- Experience, knowledge and interest in cryptocurrency a plus.
What We Offer
- Competitive base salary and discretionary bonus.
- Hybrid/Flexible Working Arrangements.
- Flexible Time Off (paid).
- 3% 401(k) company contribution.
- Company-paid health and protective benefits for employees, partners, and other dependents.
- Generous paid Parental Leave.
- Competitive family planning benefits for US employees.
- Opportunities to learn about the Crypto industry.
- Smart, entrepreneurial, and fun colleagues.
- Free daily snacks and weekly breakfasts/lunches.
- Employee Resource Groups.
- Free coaching and counseling sessions through Headspace.
Questions about this role
What is the remote policy?
The position is office-based with hybrid/flexible working arrangements.
What skills are required for this role?
Key skills include KYC, AML, BSA, CDD, EDD, and transaction monitoring.
How do I apply for this position?
You can apply through Galaxy's website at https://www.gameplaygalaxy.com/?ref=sailonchain.com.
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