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Join FalconX as a Customer Due Diligence Associate to help navigate compliance in the crypto markets. Work hybrid in Malta with a pioneering team focused on institutional access to digital assets.
FalconX is a pioneering team of operators, investors, and builders committed to revolutionizing institutional access to the crypto markets. Operating at the intersection of traditional finance and cutting-edge technology, FalconX addresses the industry's foremost challenges: Navigating the digital asset market can be complex and fragmented, with limited products and services that support trading strategies, structures, and liquidity found in conventional financial markets. As a comprehensive solution for all digital asset strategies from start to scale, FalconX operates as the connective tissue empowering clients with seamless navigation through the ever-evolving cryptocurrency landscape.
Responsibilities
- Lead the customer due diligence refresh cycles of existing clients.
- Review customer due diligence files of existing customers ensuring that documents are kept up to date and that transactions executed are in line with the profile of the customer.
- Conduct enhanced due diligence (EDD) for high-risk clients.
- Monitor for sanctions, adverse media, and politically exposed persons (PEPs), ensuring that monitoring lists are maintained in accordance with regulatory requirements.
- Appropriately discount any hits identified during sanctions, adverse media, or PEP screening, providing well-documented rationale for each decision.
- Assist in the completion of the financial instrument test for new tokens, carry out sanctions screening and issues reports accordingly.
- Coordinate EDD committee meetings, serve as secretary by accurately recording meeting minutes, documenting action items, and following up with stakeholders to ensure timely completion.
- Review and assist with inbound due diligence requests from partners, and coordinate comprehensive responses.
- Carry out due diligence on banks, liquidity providers and other counterparties.
- Assist in providing information to banks and counterparties on clients transacting with such counterparties.
- Analyze complex transactions, due diligence documentation and customer financial statements.
- Assess alerts raised from the company’s transaction monitoring system to determine whether the alerted transactions are in line with the customer’s expected activity.
- Provide guidance on customer due diligence and screening processes to internal stakeholders as needed.
- Assist in delivering training to staff and Level 1 Operations within the India team.
- Extract data and contribute to the development and implementation of automated data extraction processes.
- Support the compilation of reports for the Board and regulators, including data extraction, responding to regulatory information requests, and assisting during thematic reviews.
- Respond to information requests from regulators and auditors, and provide support during thematic reviews conducted by these parties.
- Participate in meetings as required.
- Support Malta/EU Financial Crime Compliance with ad hoc AML risk control projects and management reporting.
Requirements
- 2 to 3 years of experience in a compliance role, ideally within a crypto asset service provider, a financial institution, a consultancy firm, or regulatory body.
- Familiarity with the operations of the crypto, investment, or banking sectors will be considered an advantage.
- Relevant qualification in financial services or compliance is required.
- Strong verbal and written communication skills, sound judgment, and analytical abilities.
- Follow-up skills and the ability to communicate clearly and promptly are essential.
- Team player skills with a genuine interest in digital assets and blockchain technology.
- Enthusiasm for continuous learning and a willingness to explore new frontiers in technology and compliance.
Conditions
- Hybrid work model (minimum 3 days from office).
- Ongoing training through both on-the-job learning and traditional programme-based training.
- Opportunity to work in a fast-paced, data-driven environment.