Senior Compliance Officer at BitMEX

Bermuda

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Cryptocurrency, Financial ServicesIndustries

Requirements

Approximately 12+ years of experience

Responsibilities

Act as a primary point of contact for all regulatory matters with the Bermuda Monetary Authority (BMA), managing inquiries, examinations, and periodic reporting
Provide expert advice and guidance to the Bermuda entity's Board of Directors and the Group Chief Compliance Officer on all local AML/ATF, sanctions, and regulatory compliance matters
Take full ownership of the DAB license, ensuring all conditions are met on an ongoing basis and that the business operates within the license's permissions
Develop and present comprehensive compliance reports to the local Board and the Group's Executive Risk Committee (ERC), detailing program effectiveness, risk levels, and key developments
Identify, assess, and monitor compliance risks related to BitMEX Limited
Develop and implement a robust compliance program for the operations of BitMEX Limited
Conduct and maintain the annual AML/CFT Enterprise Risk Assessment for the Bermuda entity, identifying inherent risks across customers, products, channels, and geographies and assessing the effectiveness of mitigating controls
Assume the role of MLRO, establishing and maintaining AML and CTF policies to ensure they align with Bermuda and the BitMEX Group requirements
Maintain effective communications across the BitMEX Group concerning compliance issues
Provide compliance training from time to time and foster a high level of awareness of compliance requirements
Manage the end-to-end suspicious activity reporting process for the filing of STRs with the Bermuda Financial Intelligence Agency (FIA)
Make other appropriate reports to the BMA and other regulatory bodies

Skills

Compliance

AML

MLRO

Regulatory Compliance

Risk Assessment

Financial Crime Prevention

Bermuda Monetary Authority

BitMEX

Peer-to-peer cryptocurrency trading platform

About BitMEX

BitMEX is a peer-to-peer cryptocurrency trading platform that focuses on Bitcoin and other major cryptocurrencies like Ethereum and XRP. It allows traders to leverage their positions, offering up to 100x leverage on Bitcoin contracts and varying leverage on other cryptocurrencies. Users can trade perpetual contracts, which do not expire, enabling them to hold positions indefinitely as long as they meet margin requirements. BitMEX serves a wide range of clients, from individual retail traders to institutional investors, and generates revenue through trading fees on transactions. The platform is recognized for its strong security measures that protect users' funds and data, and it also offers a Testnet for users to practice trading strategies without financial risk. Additionally, BitMEX provides a robust API for traders to create custom trading tools and access real-time data.

None, SeychellesHeadquarters

2014Year Founded

$65KTotal Funding

GROWTH_EQUITY_VCCompany Stage

Fintech, Crypto & Web3Industries

51-200Employees

Benefits

Remote Work Options

Paid Holidays

Paid Vacation

Company Social Events

Flexible Work Hours

Risks

Regulatory scrutiny from past compliance failures could impact BitMEX's operations and reputation.

Increased competition from emerging exchanges offering better leverage options may erode market share.

Volatility in new token listings like GOAT and STLS poses financial risks for traders and platform.

Differentiation

BitMEX offers up to 100x leverage on Bitcoin contracts, attracting experienced traders.

The platform provides perpetual contracts, allowing indefinite position holding with margin requirements.

BitMEX is renowned for its industry-leading security measures, ensuring user fund protection.

Upsides

Launch of Multi Asset Margining simplifies trading, potentially attracting more users.

Introduction of XBTG25 futures contract enhances market position with diverse investment options.

Support for token migrations like POL positions BitMEX as a forward-thinking exchange.

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