Money Laundering Reporting Officer – UK

CoinFlip is a leading fintech company powered by cryptocurrency. The company operates the world’s largest network of cryptocurrency ATMs by transaction volume with over 4,500 kiosks across 49 US states, Puerto Rico, Canada, Australia, New Zealand, South Africa, Italy, Panama, and Brazil supporting the buying and selling of major cryptocurrencies with cash. In 2020, CoinFlip launched Order Desk, an over-the-counter service that provides investors with a personal account manager and competitive coin pricing. In 2023, CoinFlip launched a digital app and created an additional way to easily buy, sell, send, swap, and receive crypto.

CoinFlip was founded in 2015 by Daniel Polotsky, Kris Dayrit, Alan Gurevich, and Ben Weiss. Headquartered in Chicago, CoinFlip placed in the top 500 on the 2021, 2022, and 2023 Inc. 5000 list, and on the 2022 Deloitte Technology Fast 500, was named the 2021 and 2022 #1 fastest-growing company in Chicago by Crain’s and was awarded the 2021 and 2022 Stevie ® Awards for Customer Service. For more information about CoinFlip, please visit www.CoinFlip.tech.

Responsibilities

• Be the main point of contact with the regulatory authorities regarding Compliance and Financial Crime matters
• Engage with senior internal stakeholders on matters relating to compliance requirements
• Responsible for creating, embedding, and continuously enhancing the UK financial crime compliance program
• Oversee the implementation of AML/CTF policies and procedures and conduct annual risk assessment across all business activities
• Assess the financial crime risks (e.g. Money Laundering, Terrorist Financing, Politically Exposed Persons (PEPs) and Sanctions) associated with the Firm and its customers
• Ensure AML/CTF Policies and Procedures are implemented and meet regulatory requirements
• Prepare reports for senior management, including Management Information (MI) reports and an annual AML report
• Provide training to management and employees regarding AML/CTF and PEPs/Sanctions
• Keep up to date with new legislation and regulations, implementing new controls as necessary
• Keep up to date with Money Laundering, Terrorist Financing and PEPS/Sanctions typologies, ensuring controls are in place that mitigate the risks
• Conduct the day-to-day management and operation of the AML function, including staff training and awareness, management information, suspicious activity reporting, sanctions screening, and activity monitoring
• Provide investigation into Suspicious Activity/Transaction Reports and escalate/disclose where appropriate
• Provide frequent AML reports to local and global management
• Work with other MLROs in relation to global compliancy policy creation
• Be responsible for daily supervision of compliance activities develop and maintain a strong compliance culture
• Manage dialogue with AML Supervisory authorities with regards to AML obligations and matters
• Manage AML related audits and inspections from external parties including regulators, and ensuring findings are remediated appropriately
• Liaise with national and international law enforcement entities and liaise with local financial industry representatives to proactively identify fraud trends/criminal activity and organized criminal attacks
• Personally manage and where appropriate carry out high profile/sensitive investigations
• Understand and have continuing knowledge of all local AML requirements to ensure that the AML program is consistent with all applicable local laws
• Other assigned duties

Qualifications

• Experience as MLRO or deputy MLRO within a crypto, e-money, and/or payments or fintech company
• International compliance accreditations for example ICA or ACAMS as well as degree in legal, business or compliance studies
• Knowledge of the financial crime regulatory environment and AML obligations in the UK, and in the EU
• Good understanding and working knowledge of UK AML/CTF legislation, JMLSG guidance and FATF recommendations
• Detailed working knowledge of understanding, researching and addressing sanctions-related issues and alerts
• Ability to make and implement AML/CTF and PEPs/Sanctions policies and make recommendations
• A comprehensive understanding of risk management and proven experience of ensuring own/others’ compliance with relevant regulatory processes
• experience of making difficult business decisions with authority, even in times of ambiguity, considering the potential long-term risks and implications
• Experience with building out a financial crime compliance program and engaging with internal and external stakeholders
• Team player adaptable to fast-paced and changing environment and eager to learn
• Ability to manage tight processes, accuracy and attention to detail
• Highly disciplined person, self-motivated, and delivery focused
• Excellent time management skills – Be able to organize and meet monthly, quarterly and annual deadlines for multiple regulators in multiple time zones(some travel may be required)
• Be a resident in the UK
• Follow and have knowledge of AML/CFT guidelines and expectations of the Financial Crimes Authority particularly in the field of crypto-asset service providers

Working at CoinFlip means collaborating with experienced and innovative leaders who share a clear vision and a track record of success. We offer a collaborative and positive working environment where we encourage employees to balance productivity with time to recharge. Compensation is above and beyond a typical “startup” — we offer competitive salaries, performance-based incentives, and competitive benefits for full-time employees.

CoinFlip values diversity in the workplace and is an equal opportunity employer committed to providing an inclusive and accessible work environment. We thank all candidates who apply, but only those selected for an interview will be contacted.

By applying to this role, you give express consent to CoinFlip to send you informational text (SMS) messages regarding this role and the application process. You can cancel the SMS service at any time by replying “STOP” to the text message you received. If at any time you forget what keywords are supported, just reply “HELP.” Message and data rates apply. If you require a special accommodation, please let us know and we’ll work with you to meet your needs.