Licensing Officer

FutureYou; South Australia; On-site; AUD 150,000 - 180,000; Full time

Job summary

A regulatory body for virtual assets is seeking a Licensing Officer to manage the application and renewal process for Virtual Asset Service Providers. Responsibilities include conducting due diligence checks and risk assessments to ensure only compliant entities are authorized. Candidates should have a Bachelor’s degree and 3+ years of experience in regulatory compliance. The role offers a competitive salary package in Australia, with growth opportunities in a dynamic regulatory environment.

Qualifications

• 3+ years of experience in licensing, regulatory compliance, AML/CTF, or financial services supervision.
• Familiarity with FATF Recommendations and APG mutual evaluation frameworks.
• High level of integrity, discretion, and professional ethics.

Responsibilities

• Receive and log VASP licence applications and renewals.
• Conduct KYC/KYB checks on applicants and coordinate enhanced due diligence.
• Verify compliance and risk assessment of applicants.

Skills

Due diligence investigations

Risk-based assessment

Analytical skills

Problem-solving skills

Report writing skills

Education

Bachelor’s degree in finance, Business, Compliance, or related field

Tools

Blockchain analytics tools (Chainalysis, TRM Labs)

Job description

Overview

• Regulatory body with start‑up environment
• Direct exposure to policy formulation
• High‑performance regulatory team with career progression

Client Details

My client is a regulatory body for virtual asset services, including cryptocurrency exchanges and digital banking. They are looking to hire a Licensing Officer to manage the end‑to‑end application and renewal process for Virtual Asset Service Providers (VASPs). This includes application intake, due diligence checks, risk assessments, regulatory compliance verification, and recommendation reports to decision‑making committees. This role is crucial in ensuring that only fit‑and‑proper, compliant, and financially sound VASPs are authorised to operate, in line with FATF Recommendation 15.

Description

Responsibilities include:

• Receive, log, and acknowledge VASP licence applications and renewals.
• Ensure all required documentations are submitted and maintain accurate application records in the Licensing Management System.
• Conduct KYC/KYB checks on applicants, shareholders, and key personnel and co‑ordinate enhanced due diligence for high‑risk applicants.
• Liaise with AML/CTF and intelligence teams for suspicious activity findings.
• Apply risk assessment framework to applicants, factoring in ownership structure, jurisdictional risks, and business model.
• Verify capital adequacy, cybersecurity frameworks, and operational resilience plans and activities.
• Prepare comprehensive due diligence reports summarising findings, risk rating, and recommended action (approve/decline/conditional approval).
• Present findings to the Licensing Committee and respond to follow‑up queries.
• Communicate with applicants on status updates and required additional information.
• Build relationships with external AML/CTF agencies, FIUs, and international regulators.
• Assist in the development and refinement of licensing procedures, forms, and guidance notes.
• Participate in audits of licensing decisions for quality assurance.

Profile

To be a suitable candidate, you must have:

• Bachelor’s degree in finance, Business, Compliance, or related field.
• 3+ years of experience in licensing, regulatory compliance, AML/CTF, or financial services supervision.
• Proven experience in due diligence investigations and risk‑based assessment.
• Familiarity with FATF Recommendations and APG mutual evaluation frameworks.
• Strong analytical, problem‑solving, and report‑writing skills.
• High level of integrity, discretion, and professional ethics.
• Experience with virtual assets, blockchain analytics tools (ie, Chainalysis, TRM Labs) will be highly regarded.
• Knowledge of cross‑border regulatory cooperation mechanisms will be highly regarded.
• Experience in a government or regulatory body will be highly regarded.
• Multilingual skills (especially relevant to the APAC region) will be highly regarded.

Job Offer

The salary on offer for this role is between $150k to $180k base + super.

To apply, please click on the link and submit your CV, or email your CV directly to [e-mail]