Compliance Analyst - Toronto, Canada - Localcoin

Localcoin
Localcoin
Verified Company
Toronto, Canada

1 month ago

Sophia Lee

Posted by:

Sophia Lee

beBee Recruiter
Description

ABOUT LOCALCOIN


At Localcoin, we aim to empower our customers to join the crypto economy by helping them buy, sell, and convert digital currencies.

In addition to running Canada's largest Bitcoin ATM network, we offer an expanding product line that makes digital currencies far more accessible for crypto-enthusiasts in their communities.


We believe that the cryptocurrency space is one that rewards passion, creativity, innovation and those willing to challenge the status quo.

As a member of our rapidly-growing team, you'll join a talented, dynamic group of team members who will encourage you to learn, grow and thrive in your career every step of the way.

So if you're a self-starter looking to hone your skills in a startup environment that fosters innovation, transparency and team connectivity, we look forward to hearing from you


THE ROLE
The Compliance Department is responsible for Localcoin's compliance with applicable regulatory requirements in Canada. The Compliance Department helps the business fulfill their regulatory compliance responsibilities and achieve their business goals.

Together with the businesses, the Compliance Department works to reduce and manage regulatory risks, to protect Localcoin's reputation, and to help Localcoin succeed in its mission.


Reporting directly to our Chief Compliance Officer, you will be responsible for monitoring and investigating customer transactions in Canada and the United States, filing regulatory reports and ensuring compliance policies are followed within the company.

You will principally work with the CCO and Compliance Analyst teams, but also assist the client success team, operations, and support any external vendor, auditor or other counterparties.


Bringing your keen interest in the Cryptocurrency industry, your curiosity to understand complex data and your strong attention to detail will drive your success in this role.


YOUR IMPACT

  • Assisting with user identification (KYC) processes interfacing with third party software, inhouse processes, and providing assistance with verification requirements execution; Monitor user activity and provide oversight on the know your client obligations for Localcoin users, and partners:
  • Reviewing names and entities on name-screening software for decisioning, escalation, and potential reporting
  • Reviewing potential and existing users for AML/ATF Risk factors
  • Reviewing third party sites for information on the user ( i.e. negative news media);
  • Being a designated person for the documentation of regulatory threshold or suspicious activity reports, including; suspicious transaction alert review, decisioning for investigation, and recommendations to the CCO regarding reporting
  • Assisting with gathering performance metrics with respect to daily duties, including KYC, screening, monitoring, and reporting, for the CCO to prepare executive oversight reports
  • Review and analysis of relevant financial services industry legislation/regulations and maintain uptodate knowledge and understanding of Canadian regulations on money laundering, terrorist financing, sanctions and in cryptocurrency
  • Collaborate with internal teams to assist the CCO in conducting compliance selfassessments, complete periodic compliance reviews, aide with external audit (including regulatory audits), and work on specialprojects as assigned by the CCO
  • Support, research and provide documented analysis on compliance issues as requested by the CCO
  • Support coworkers in operational teams, provide backup coverage, assistance and guidance (i.e. CSRs)

THIS IS YOU

  • Strong interest with working in the Compliance, Fin-Tech or Financial Services industry
  • Good working knowledge of Canadian AML Laws, Regulations & Guidelines (FINTRAC)
  • Introductory knowledge to Canadian Privacy regulations
  • High attention to detail and the ability to think strategically to solve complex problems
  • Inquisitive individual with a keen interest in digging into the details to fully understand a situation
  • Ability to analyze and make recommendations on KYC requirements and results
  • Experience filing reports with regulators, such as STR/SARs (use of F2R and automated systems for batch file reporting)
  • Ability to collaborate across departments, acquiring information to satisfy regulatory requirements
  • Ability to provide advice/guidance to departments on Compliance requirements
  • CAMS is an asset or working towards CAMS designation (will support achievement of this designation); Wallet risk screening software certification also an asset but not required (will support achievement of this designation too)
  • Have knowledge of and interest in blockchain or cryptocurrency industry

THESE THINGS ARE NICE

  • Understanding/working knowledge of blockchain analytics tools such as Chainalysis, Ciphertrace and/or Elliptic
  • Some working knowledge of the US and global AML Laws

WHY YOU WILL LOVE WORKING AT LOCALCOIN:

_ Professional Development_
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