Regulatory Compliance Manager MLRO (France)
Crypto.com, France
Job Description
Regulatory Compliance Manageramp; MLRO (France)
About the company:
Crypto.com was founded in 2016 on a simple belief: it's a basic human right for everyone to control their money, data and identity. With over 2 million users on its platform today, Crypto.com provides a powerful alternative to traditional financial services, turning its vision of "cryptocurrency in every wallet" into reality, one customer at a time. Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance. Crypto.com is headquartered in Hong Kong with a 250+ strong team.
For more information, please visit www.crypto.com.
About the role:
The Regulatory Compliance Manager amp; MLRO shall be responsible for supporting Crypto.com in carrying out its regulated business in France, ensuring the Company’s activities are in line with the French regulatory framework as well as filing external reports with TRACFIN when suspicious activity is detected.
In this role, you will:
Licensing/Registrations
- Assist with the registration processes within France;
- Liaise with internal (ex: Legal, Compliance, ITSecurity, etc) and external (external counsel, consultants, etc) stakeholders to go through the registration process applicable with the regulatory bodies;
Regulatory Compliance
- Identify areas of non-compliance or partial compliance of the business through a GAP analysis of applicable laws and regulations and prepare and implement an action plan to remedy any shortfalls;
- Monitor and review all developments within the regulatory environment of the business; enforcing adherence to requirements; advising management on needed actions;
- Ensure that any updates to the legislative and regulatory framework is communicated to all stakeholders and training provided thereto if required;
- Assist with the periodic review of policies and training ensuring they are compliant with the applicable regulatory regime in France;
- Continually and actively develop technical knowledge in relation to the regulatory framework governing the company and its activities;
- Manage internal compliance operational controls, carry out independent reviews and examinations as required;
- Identify, highlight and manage regulatory risks, findings and recommendations identified internally, by independent reviews or examinations;
- Work with management and staff to ensure that the business implements and maintains suitable systems and controls to meet the regulatory requirements;
- Assist in responding to law enforcement requests and inquiries;
- Prepare compliance audit data by compiling and analysing internal information;
- Liaise with other departments to prepare data required for the submission of reports requested by the regulating authorities.
Internal Controls
Reporting
AML/CFT Compliance
- Liaise with the Compliance Team to ensure that sufficient EDD has been requested and obtained on customers in accordance to their risk rating, as well as to properly assess whether the customer is involved in ML/FT;
- Carry out customer account reviews in order to determine whether a reasonable suspicion of ML/FT exists;
- Review and further investigate adverse media, PEP and sanction-related escalations;
- Extract and compile customer data required for the submission of external reports with the regulatory authority and responding to Law Enforcement Requests;
- Ensure proper and timely handling of internal unusual activity reports;
- Prepare and file STR’s with TRACFIN;
- Assist in the drafting and implementation of internal procedures to facilitate the escalation process;
- Implement the Company’s AML/CFT policies and procedures;
- Maintain a working knowledge of local AML/CFT regulations, best practices, internal controls and AML/CFT risk management practices.
Requirements
- Minimum of three years of relevant experience working with (i) a financial institution (payment service provider / e-money) and preferably experience also within the virtual financial assets market; or (ii) a law firm handling compliance matters relating to AML, and applicable payments services laws and regulations;
- Understanding of AML regulations and payments services legislation within the banking/financial services industry;
- Ability to distil and discern important information from regulatory guidance, statutes and regulations, audit findings, and other documents and determine how it impacts the business. The understan