Compliance Specialist – Digital Assets & Crypto Compliance

RAK Digital Assets Oasis; Ras Al Khaimah; On-site; AED 120,000 - 150,000; Full time

Job summary

A leading company in the digital assets sector is seeking a Compliance Specialist to oversee compliance operations. The role involves conducting checks, ensuring adherence to regulatory frameworks, and preparing reports. Candidates should possess strong knowledge of crypto compliance and risk management, along with relevant qualifications and experience in the financial services industry.

Qualifications

• Minimum 2 years in crypto compliance management.
• 7-8 years in Financial Crime compliance and regulatory compliance.

Responsibilities

• Conduct onboarding and ongoing monitoring checks for corporate customers.
• Prepare Management Information reports and compliance policies.
• Evaluate digital asset activities and assess associated risks.

Skills

Communication

Relationship Building

Regulatory Compliance

Risk Management

Education

Bachelor’s degree in finance

Bachelor’s degree in Business Administration

Bachelor’s degree in law

Tools

Salesforce

Elliptic

Chainalysis

Crystal

Job description

Job Purpose

The Compliance Specialist will have the following responsibilities within Compliance Operations.

Functional Accountabilities

• Conduct onboarding and ongoing monitoring checks for corporate customers.
• Perform screening tasks, including sanctions, adverse media reviews, and customer risk assessments.
• Have strong understanding of the UAE and international regulatory frameworks for crypto compliance.
• Ability to read complex business plans related to the digital assets and crypto domain to ensure the customer and the business teams are guided appropriately in terms of adherence to regulatory requirements of UAE.
• Ensuring the company undertakes activities in line with regulatory requirements of UAE during onboarding and periodic review
• Undertake screening assessment through crypto tools like Elliptic, Chainalysis, Crystal etc. Have adequate knowledge to undertake investigation and screening through these tools.
• Work on emerging risk assessments and new product assessments, including market research on evolving crypto products and jurisdictions.
• Ability to prepare procedures, questionnaire, and internal policies for review of the Compliance Head to address new risks and new regulatory requirements
• Has to be a self-starter and avid learner to be able to keep up with the changing regulatory framework in the digital assets space.
• Ability to prepare Management information reports, Product risk summary, customer risk assessment summary in a clear and precise manner.
• Identify and escalate any AML/CFT & regulatory risks promptly to the Compliance Head for review.
• Capability to inspect a complex digital assets company to ensure adherence to regulatory requirements and provide such reports promptly to the Compliance Head.
• Evaluate digital asset activities and assess associated risks.
• Collaborate closely with the inspections team to escalate cases of concern.
• Prepare investigation reports and escalate them to senior management as necessary.
• Generate Management Information reports as needed.
• Ensure that RAK DAO maintains policies, controls, and procedures related to compliance, including regulatory compliance, Customer Due Diligence (CDD) / Know Your Customer (KYC), Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and sanctions, in alignment with the current risk landscape.

Qualifications

• Bachelor’s degree in finance, Business Administration, or law

Professional Qualifications & Skills

• Digital and crypto certification
• A basic understanding of Blockchain, Web3, Tokenization, DAOs. etc is important for appropriate assessment of the business plan.
• Industry Standard Certification in Regulatory and FCC compliance
• Certification in Crypto Screening and Monitoring tools

Experience

• A minimum of 2 years of documented experience in crypto compliance management, particularly in the financial services industry.
• A minimum of 7 to 8 years of experience in Financial Crime compliance and regulatory compliance.
• Profound knowledge of local, regional, and international financial regulations pertaining to cryptocurrencies and digital assets, including anti-money laundering laws.
• Proven experience in crypto regulatory compliance and risk management.
• Expertise in developing Financial Crime Compliance (FCC) and regulatory policies for digital assets.
• Familiarity with Salesforce software is advantageous.
• Exceptional communication and relationship-building skills.