Role in brief
Bitso, a cryptocurrency platform in Latin America, seeks a Compliance Associate to help manage compliance requirements and ensure adherence to AML regulations. This role involves responding to authority requests, conducting investigations, and supporting AML policies. Candidates with experience in financial services or crypto compliance, strong investigation skills, and a solid understanding of AML/CFT regulations should apply.
About the role
This Compliance Associate role at Bitso focuses on maintaining regulatory adherence within the cryptocurrency sector. The position involves directly addressing information requests from local authorities and supervisors, conducting thorough investigations into compliance matters, and performing detailed customer analysis for internal discussions. A key aspect of the work is to identify and escalate emerging trends or control issues to senior AML management, ensuring that the company's compliance posture remains robust.
A core responsibility is to ensure that Bitso's AML policies and procedures are consistent with both local regulations and international standards. The associate will also provide support to the Head of Compliance Mexico, particularly with escalations related to Politically Exposed Persons (PEPs) and potential Suspicious Activity Reports (SARs). This includes assisting with internal, external, and regulatory audits, and verifying customer information through Due Diligence Reviews as part of the AML Policy.
Success in this role means effectively collaborating with the Customer Support team to resolve critical customer queries related to compliance. The associate will also contribute to various compliance team projects, requiring a proactive approach to problem-solving and a commitment to upholding regulatory integrity. The ideal candidate will bring a background in compliance standards and AML/CFT regulation within financial services or the crypto industry, demonstrating strong investigative and communication skills.
The salary for this middle-seniority Compliance Associate role ranges from $52,000 to $88,000 USD annually.
Skills that matter here
- Compliance Standards: This role requires ensuring the company's operations align with established compliance frameworks and best practices.
- AML/CFT regulation: The associate will ensure adherence to anti-money laundering and counter-terrorist financing regulations, both local and international.
- KYC: The role involves verifying customer information and conducting due diligence reviews as part of Know Your Customer policies.
- Data Privacy: The associate will handle customer data, requiring an understanding of data privacy principles in compliance investigations.
- Risk Management: This position contributes to identifying and escalating potential control issues and emerging trends related to compliance risks.
Who this role suits
- Someone who is meticulous and detail-oriented, capable of conducting in-depth investigations and recognizing patterns in suspicious activities.
- An individual with a strong sense of responsibility, able to ensure timely responses to official requests and maintain regulatory alignment.
- A person who thrives in a collaborative environment, willing to work closely with other teams like Customer Support and senior management.
- A professional who is proactive in identifying and escalating potential compliance issues, contributing to a robust regulatory framework.
From the employer
- Ensure timely response to requests for information made by local authorities regarding our customers.
- Ensure timely response to requests for information made by our supervisors due to reviews or inspection visits.
- Conduct investigations in relation to compliance matters.
- Full customer analysis to submit cases to be discussed in the CCC.
- Ensure any emerging trends or relevant control issues are raised to the AML Senior management.
- Ensure that the AML policies and procedures are aligned with the local regulations and international standards.
- Provide support to the Head of Compliance Mexico in the review of the escalations related to PEPs and possible SARs.
- Provide support in the attention of internal, external, and regulatory audits.
- Verify customer information and conduct Due Diligence Reviews as part of AML Policy.
- Work side by side with the Customer Support team in order to resolve critical queries from our customers.
- Assist the Compliance team in projects.
- At least 2-3 years of professional experience in Compliance Standards and AML/CFT regulation in the financial services and crypto industry (desired).
- Bachelor’s degree in management, law, or social sciences.
- Strong ability to conduct in-depth investigations, research, and pattern recognition of unusual or suspicious activities.
- Solid understanding of AML local regulation and international standards.
- Knowledge of AML/CFT Regulations and Best Practices (local and international).
- Knowledge of PEPs and what documentation and information is required for designation.
- Strong communication skills to effectively synthesize, visualize, and communicate your ideas to others in both English and Spanish.
- Me Time program, including unlimited paid time off.
- Remote-first work environment.
- Employee Stock Option program.
- Zero trading fees through our Bitso Alpha app.
- Extended Family Leave Policy: all birthing parents, non-birthing parents and adopting parents are eligible for a 4-months leave.
- Premium health, dental and life insurances in Mexico, Gibraltar, Colombia, USA, Brazil and Argentina.
Questions about this role
What is the remote work policy for this position?
This is a remote-first position, allowing for work from various locations.
What level of experience is expected for this role?
This is a middle-seniority position, ideally suited for candidates with at least 2-3 years of professional experience in compliance.
What are the essential skills for this role?
Key skills include experience with Compliance Standards, AML/CFT regulation, KYC, strong investigation abilities, and proficiency in both English and Spanish.