Compliance EDD & High Risk Client Team Lead

About the role

This role focuses on the critical area of Enhanced Due Diligence (EDD) for high-risk individual and retail clients. The successful candidate will be responsible for reviewing and overseeing complex cases, including those involving Politically Exposed Persons (PEPs), adverse media, and source of wealth/funds assessments. This involves ensuring timely resolution within service level agreements and providing expert guidance to a team of analysts on case decisions and best practices.

A key aspect of this position is leadership and stakeholder engagement. The Team Lead will serve as the primary escalation point for their team and cross-functional partners, liaising directly with Money Laundering Reporting Officers (MLROs) and compliance leadership on intricate or borderline cases. They will also manage high-risk customer escalations from other business units and oversee the off-boarding process for high-risk retail clients in accordance with internal policies and regulatory requirements.

Success in this role means maintaining high-quality team output and driving continuous improvements in EDD workflows, standard operating procedures, and decision-making frameworks. This includes mentoring and developing team members, leading AML/CFT training programs, and fostering a high-performance culture. The role also requires staying current with AML/CFT regulations and developments in virtual currency relevant to individual and retail clients.

The salary for this position ranges from $90,000 to $150,000 annually.

Skills that matter here

• AML: This role requires deep knowledge of Anti-Money Laundering frameworks to oversee high-risk client cases and ensure regulatory compliance.
• KYC: The position involves applying Know Your Customer principles, particularly in the context of Enhanced Due Diligence for complex client profiles.
• EDD: A core function of this role is leading and reviewing Enhanced Due Diligence processes for high-risk individual and retail clients.
• Compliance: The role ensures adherence to internal policies and external regulations related to financial crime and client management within the crypto ecosystem.
• Risk Management: This position involves identifying and mitigating risks associated with high-risk clients and their financial activities.
• Team Leadership: The role requires mentoring and developing a team of compliance analysts, leading training programs, and fostering a high-performance culture.

Who this role suits

• A compliance professional with at least five years in AML/KYC, specifically focused on EDD and high-risk individual/retail clients.
• Someone with a proven track record of at least two years in a senior or lead capacity, capable of guiding and developing a team.
• An individual who can act as a primary escalation point, confidently liaising with senior stakeholders and making critical decisions on complex cases.
• A person who thrives in a fast-paced environment and is committed to continuous learning about AML/CFT regulations and virtual currency developments.

From the employer

Key Responsibilities:

• Oversee and review high-risk individual and retail client cases within SLAs, ensuring timely and accurate resolution
• Lead complex EDD reviews involving PEPs, adverse media, and source of wealth/funds assessments, and provide expert guidance to analysts on case decisions and best practices
• Act as the primary escalation point for the team and cross-functional stakeholders, liaising with MLROs and Compliance leadership on complex or borderline cases
• Oversee the client off-boarding process for high-risk retail clients in line with internal policy and regulatory requirements
• Monitor team output quality and drive continuous improvements to EDD workflows, SOPs, and decision frameworks
• Maintain up-to-date knowledge of AML/CFT regulations and virtual currency developments relevant to individual and retail clients
• Manage high risk customer escalations from the first line of defense and other business units
• Drafting of documentation including, but not limited to policies, programs, procedures, guidance documents, training materials, and impact assessment/analysis
• Build and maintain strong relationships with MLRO teams and key internal stakeholders
• Mentor and develop team members, lead AML/CFT training programmes, and foster a high-performance culture

Requirements:

• Bachelor's degree in Law, Business, Finance, or related field
• 5+ years in AML/KYC compliance with a strong focus on EDD and high-risk individual/retail clients
• At least 2 years in a senior or lead capacity
• Proven EDD experience: PEPs, adverse media, high-risk jurisdictions, SoW/SoF assessments
• Proficiency in compliance tools: World-Check, ComplyAdvantage, Elliptic, or equivalent
• Strong knowledge of AML/CFT frameworks in crypto or financial services
• Knowledge of global licensing requirements related to financial services and crypto related business activities
• Excellent communication, decision-making, and team leadership skills
• CAMS or equivalent certification preferred
• Crypto or fintech experience a strong advantage

Additional:

• Why Binance
• Shape the future with the world’s leading blockchain ecosystem
• Collaborate with world-class talent in a user-centric global organization with a flat structure
• Tackle unique, fast-paced projects with autonomy in an innovative environment
• Thrive in a results-driven workplace with opportunities for career growth and continuous learning
• Competitive salary and company benefits
• Work-from-home arrangement (the arrangement may vary depending on the work nature of the business team)