Xapo Bank

Compliance Officer - Gibraltar based

Gibraltar

Not SpecifiedCompensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, Banking, Fintech, CryptocurrencyIndustries

Requirements

The ideal candidate should possess a strong understanding of the regulatory landscape, particularly within the blockchain and virtual assets space, and demonstrate experience in compliance monitoring, anti-money laundering programs, and regulatory compliance obligations. Knowledge of Gibraltar-based regulations and experience with VASP compliance are highly desirable.

Responsibilities

The Compliance Officer will monitor the regulatory landscape, assess regulatory change, and present recommendations to the Regulatory Affairs Committee; conduct compliance reviews and analysis of new regulatory developments; maintain and update Compliance policies and procedures; support the execution of the Compliance monitoring program; execute day-to-day operational Compliance activities; support the execution of account opening related activities; independently investigate and act on matters related to Compliance; and provide guidance, advice, and training to improve business understanding of compliance matters.

Skills

Regulatory compliance
AML
Blockchain
Virtual assets
Regulatory monitoring
Policy development
Analysis
Investigation
Communication
Interpersonal skills

Xapo Bank

Digital banking platform for cryptocurrency management

About Xapo Bank

Xapo provides digital banking services that focus on managing and storing money using Bitcoin and other cryptocurrencies. The platform allows users to buy Bitcoin, store it securely in ultra-secure Vaults, and manage their funds easily through a user-friendly app. Xapo is designed for both individuals and businesses, offering a fast and secure way to send and receive money globally, making it particularly useful for cross-border transactions. Unlike traditional banks, Xapo emphasizes high-security measures and accessibility, catering to users in both developed and developing countries. The company's goal is to democratize money and empower people by breaking down financial barriers and creating new opportunities for everyone.

Key Metrics

Palo Alto, CaliforniaHeadquarters
2014Year Founded
$38.9MTotal Funding
ACQUISITIONCompany Stage
Fintech, Financial ServicesIndustries
51-200Employees

Benefits

Fully remote
Flexible schedule
Flexible PTO
Learning & development budget

Risks

Regulatory scrutiny on stablecoins could impact Xapo's operations.
Bitcoin's volatility may affect Xapo's customer base and transaction volumes.
Reliance on the Lightning Network could pose challenges if technical issues arise.

Differentiation

Xapo Bank offers a unique combination of Bitcoin wallet and cold storage vault.
It is the first licensed bank to integrate USDC and USDT payment rails.
Xapo Bank provides near-instant Bitcoin payments through Lightning Network integration.

Upsides

Integration with SEPA expands Xapo's Euro transaction capabilities in Europe.
The 'Stocks' feature offers new investment opportunities, enhancing user engagement.
Xapo's stablecoin services appeal to users in emerging markets seeking banking alternatives.

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