Director of Sanctions Compliance, Circle
$190-242.5k
Plus 20% annual bonus target and equity
More information about location
Global crypto finance company
Job no longer available
Global crypto finance company
1001+ employees
Job no longer available
$190-242.5k
Plus 20% annual bonus target and equity
More information about location
1001+ employees
Company mission
To raise global economic prosperity through the frictionless exchange of value.
Role
Who you are
- Multistakeholder - you have dedication and commitment to our customers, shareholders, employees and families and local communities
- Mindful - you seek to be respectful, an active listener and to pay attention to detail
- Driven by Excellence - you are driven by our mission and our passion for customer success which means you relentlessly pursue excellence, that you do not tolerate mediocrity and you work intensely to achieve your goals
- High Integrity - you seek open and honest communication, and you hold yourself to very high moral and ethical standards. You reject manipulation, dishonesty and intolerance
- 12+ years of relevant experience in compliance with deep specialization in managing Sanctions programs
- 5+ years of experience managing and leading teams
- Compliance experience in either banking, consulting, or cryptocurrency required. Experience in RegTech or Fintech companies is preferred
- Proven experience with regulatory exams and presenting to examiners
- Extensive knowledge of and experience with OFAC, UN, and other Global Sanctions regulatory guidance
- Experience managing the configuration and performance of client and transaction sanction screening systems
- Familiarity with client screening and associated alert reviews
- Experience working hands-on with other cross-functional team leaders, such as lawyers, engineers, product managers, data analysts, operations analysts in improving compliance processes and systems
- Experience and comfort working in an ever changing industry and the flexibility to quickly react to changing demands
- Experience/familiarity with Slack, Apple MacOS and GSuite
What the job involves
- Circle is looking for a Sanctions Compliance Director that will oversee the development and management of Circle’s Sanctions Compliance Program
- As a key leader within the second line of defense Compliance team, you will be responsible for developing and implementing the requirements and standards for Circle’s Sanctions programs
- You will work with the business and compliance/risk peers to provide timely guidance and advice and ensure that the relevant controls are in place and maintained to comply with the relevant regulations in all the jurisdictions in which Circle operates
- You will be responsible for establishing internal strategies, policies, procedures, processes related to monitoring and fostering awareness of sanctions regulatory requirements including assessing related sanctions risk exposure, overseeing the quality of sanctions control processes and setting standards to manage and mitigate those sanctions risks and protect the business
- Owning the end-to-end Sanctions program and strategy, including the development of policies, standards, and other procedural or guidance materials
- Providing day-to-day guidance for designing sanctions screening platforms and controls for Circle’s services and all applicable sanctions regulations
- Planning, designing, developing and testing configurations for Sanction screening applications
- Performing data analysis, designing business requirements, understanding emerging issues, performing estimation and verify implementation of new features and enhancements
- Identifying, assessing, and advising on compliance risks and control enhancements to a variety of stakeholders and customers to mitigate risks related to AML and Sanctions
- Providing advice to the businesses on an ongoing basis on new business initiatives, new products, and customer-related matters with respect to applicability of policies, resolution of potential red flags or other compliance escalations
- Researching, analyzing and providing recommended remediation efforts on action plans for matters that present sanctions and/or reputational risk
- Overseeing control assessments and supporting the completion of company-wide Sanctions Risk Assessments
- Staying current on key Sanctions regulatory changes, key enforcement actions and related industry trends
- Assisting regional Heads of Compliance in ensuring that all regulatory processes are scalable and remain compliant
- Developing, monitoring and reporting on a suite of KPIs / KRIs for various internal fora including Executive Leadership and Board-level reporting
- Collaborating closely with the Compliance Operations team to operationalize the Sanctions Compliance program
- Working closely with Legal, Product and other internal stakeholders to support license application processes across multiple regions
- Presenting to regulators, examiners and auditors performing reviews of the Compliance program
Otta's take
Sam Franklin
CEO of Otta
Circle is a financial technology firm looking to enable businesses to harness the power of digital currencies and public blockchains for payments, commerce, and financial applications. The company’s USD Coin (USDC) has become the fastest growing, regulated, and fully reserved dollar digital currency.
The company is backed by the world’s largest asset manager, BlackRock, as well as crypto exchange company Coinbase, and has been proactively preparing for possible upcoming federal regulations. Regardless of the current crypto downturn, this means that Circle is still well-placed to see steady long-term growth.
Insights
Company
Funding (last 2 of 8 rounds)
Apr 2022
$400m
GROWTH EQUITY VC
May 2021
$440m
GROWTH EQUITY VC
Total funding: $1.1bn
Company benefits
- We offer flexible paid time off — so you can thrive at work, and at rest
- No matter where you live, we offer a market competitive suite of health benefits to help keep you and your loved ones safe
- Work Remotely: Do your best work from home. With a company laptop, stipend for business equipment, and access to WeWork locations, Circle remote jobs empower our employees to do their best work.
- All U.S. employees enjoy 401(k) benefits with company matching, and can become owners in Circle through our equity program
Company values
- Multistakeholder - We must organize, incentivize and measure ourselves against meeting the needs of all of our stakeholders
- Mindful - We seek to be present and aware, to be respectful, active listeners (with each other and with our customers alike), and pay attention to detail
- Driven by Excellence - We relentlessly pursue excellence, we do not tolerate mediocrity, we reward based on merit, and we work intensely to achieve our goals
- High Integrity - We seek open and honest communication, and hold ourselves to very high moral and ethical standards
Company HQ
South Boston Waterfront, Boston, MA
Founders
Jeremy Allaire
(CEO)Founder & former Chairman and CEO of Brightcove. Former Entrepreneur in Residence at General Catalyst Partners, CTO of Macromedia, and Co-Founder & former CTO of Allaire Corporation.
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