Compliance Lead, Transaction Monitoring at FalconX

New City, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Cryptocurrency, Financial ServicesIndustries

Requirements

Bachelor’s degree in a relevant field (e.g., finance, law, criminology, or related)
In-depth understanding of Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and sanctions risks specific to decentralized finance (DeFi) markets
Proven ability to develop and implement effective controls and strategies to mitigate DeFi risks
Strong skills in conducting risk assessments related to transaction activities, including evaluating the impact of new products or services on existing monitoring frameworks
Proven ability to work collaboratively with legal, risk management, IT, and other departments
Experience in preparing and submitting regulatory reports related to transaction monitoring and compliance
Familiarity with integrating new technologies and tools into existing monitoring systems
Understanding of data privacy regulations and best practices for handling sensitive financial information

Responsibilities

Conduct complex investigations into potentially suspicious activity involving cryptocurrency products, traditional brokerage accounts, and cash movement, resulting from internal monitoring systems, alerts, referrals, and external inquiries
Conduct advanced blockchain analysis using blockchain analytics tools to trace crypto flows and surface red flags
Analyze customer activity across FalconX entities, including broker-dealers and Money Services Businesses
Draft high-quality Suspicious Activity Reports (SARs) that meet regulatory standards and internal quality expectations, summarizing complex activity clearly and concisely
Develop strategies to mitigate identified risks related to transaction activities
Enhance compliance strategies and implement effective controls through cross-functional collaboration
Ensure timely and accurate communication with regulatory bodies via regulatory reporting
Own the investigation process after initial detection and review by analysts, through decisioning and documentation
Provide support in handling escalated or high-risk cases by gathering data and offering investigative insights
Provide peer support and mentoring to newer team members and contribute to onboarding and training efforts
Contribute to continuous improvement by helping to enhance investigative processes, quality standards, and tooling
Stay current on emerging crypto-related financial crime trends, typologies, and regulatory updates (e.g., FinCEN guidance, NYDFS crypto guidance)

Skills

Key technologies and capabilities for this role

Blockchain AnalysisAMLCFTSanctionsDeFi Risk ManagementTransaction MonitoringCrypto InvestigationsSAR

Questions & Answers

Common questions about this position

What are the main responsibilities of the Compliance Lead role?

The role involves conducting complex investigations into suspicious activities with cryptocurrency, brokerage accounts, and cash; performing advanced blockchain analysis; managing DeFi risks; analyzing customer activity; drafting SARs; conducting risk assessments; collaborating cross-functionally; handling regulatory reporting; and integrating technologies.

What skills are required for blockchain analysis in this position?

The position requires conducting advanced blockchain analysis using blockchain analytics tools to trace crypto flows and surface red flags.

Is knowledge of DeFi risks and AML regulations necessary?

Yes, an in-depth understanding of Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and sanctions risks specific to decentralized finance (DeFi) markets is required, along with the ability to develop and implement effective controls.

What experience is needed for collaboration and regulatory reporting?

Proven ability to work collaboratively with legal, risk management, IT, and other departments is required, along with experience in preparing and submitting regulatory reports related to transaction monitoring and compliance.

What makes a strong candidate for this Compliance Lead position?

Strong candidates will have expertise in AML/CFT regulations, advanced blockchain analysis, DeFi risk management, SAR drafting, risk assessment, cross-functional collaboration, and regulatory reporting, with familiarity in integrating compliance technologies.

FalconX

Institutional crypto trading platform for financial institutions

About FalconX

FalconX is an institutional crypto trading platform that simplifies the trading of digital assets like Bitcoin and Ethereum for financial institutions. It provides clear price discovery and efficient trade execution, allowing clients to trade without concerns about hidden fees. The platform is trusted by major financial institutions and offers tailored services such as trade execution, credit, and treasury management. FalconX aims to deliver a reliable and comprehensive trading experience for institutional investors in the digital asset market.

San Mateo, CaliforniaHeadquarters

2018Year Founded

$415.4MTotal Funding

SERIES_DCompany Stage

Fintech, Crypto & Web3Industries

201-500Employees

Benefits

Hybrid Work Options

Performance Bonus

Company Equity

Risks

Increased competition in crypto derivatives could pressure FalconX's profit margins.

Regulatory scrutiny may impact the adoption of FalconX's auto-liquidation service in APAC.

Expansion into FX market may lead to integration challenges and operational risks.

Differentiation

FalconX eliminates slippage and hidden fees using advanced data science techniques.

The platform is trusted by major financial institutions for its reliability and effectiveness.

FalconX offers a comprehensive suite of services tailored for institutional clients.

Upsides

Acquisition of Arbelos Markets strengthens FalconX's position in the crypto derivatives market.

Launch of auto-liquidation service enhances capital efficiency for APAC crypto miners.

New FX desk in London expands FalconX's service offerings into traditional markets.

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