Compliance EDD & High Risk Client Team Lead

About the role

This role focuses on leading the review of high-risk individual and retail client cases, ensuring they are handled accurately and within service level agreements. The Team Lead will guide complex Enhanced Due Diligence (EDD) assessments, including those involving Politically Exposed Persons (PEPs) and adverse media, providing expert advice to analysts and acting as a key escalation point for difficult cases. Success in this position means maintaining high standards in compliance reviews and contributing to the timely resolution of sensitive client matters.

A core part of this position involves managing the off-boarding process for high-risk retail clients, aligning with internal policies and regulatory demands. The Team Lead is also responsible for monitoring the quality of the team's output and driving improvements in EDD workflows, standard operating procedures, and decision-making frameworks. This requires staying current with AML/CFT regulations and developments in virtual currency to ensure the team's practices remain effective and compliant.

The role includes significant leadership responsibilities, such as mentoring team members, conducting AML/CFT training programs, and fostering a high-performance culture. The Team Lead will draft essential documentation like policies and procedures, and build relationships with Money Laundering Reporting Officer (MLRO) teams and other internal stakeholders. This involves managing escalations from other business units and ensuring clear communication across the organization regarding high-risk client matters.

The salary for this position ranges from $90,000 to $150,000 USD annually, reflecting a competitive compensation package.

Skills that matter here

• AML: This role requires deep knowledge of Anti-Money Laundering frameworks to oversee compliance and training programs.
• KYC: The position involves extensive Know Your Customer procedures, specifically for high-risk individual and retail clients.
• EDD: A primary responsibility is leading complex Enhanced Due Diligence reviews, including PEPs and source of wealth assessments.
• Compliance: The role ensures adherence to regulatory requirements and internal policies for high-risk client management.
• Risk Management: This position involves identifying and mitigating financial crime risks associated with high-risk clients.
• Team Leadership: The role includes mentoring team members, conducting training, and fostering a high-performance culture within the compliance team.

Who this role suits

• A person with a strong background in financial compliance, particularly within AML/KYC and EDD for high-risk clients.
• Someone who thrives in a leadership capacity, capable of mentoring a team and acting as an escalation point for complex issues.
• An individual who is detail-oriented and committed to maintaining up-to-date knowledge of regulatory changes in financial services or crypto.
• A professional who can build strong relationships with internal stakeholders and drive continuous process improvements.

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)