Compliance Associate

Formulated Automation; United States; Remote; USD 60,000 - 90,000; Full time

Benefits offered by this job

10 business days off per year

US holidays

Competitive compensation in USD

Remote work aligned with EST hours

Job summary

Formulated Automation is seeking a Compliance Associate to support onboarding, due diligence, and ongoing monitoring for digital asset clients. You will review low- and medium-risk accounts, manage vendor and counterparty due diligence, and escalate high-risk items to the Chief Compliance Officer.

The role requires meticulous process management and strong English communication. The position operates remotely aligned with EST hours, with time-zone coordination across the US.

Qualifications

• 2+ years of experience in compliance or a related field.
• Previous experience in the crypto/digital asset industry.
• Familiarity with Chainalysis.
• Advanced level of English.
• Strong attention to detail and ability to manage multiple compliance processes and reviews simultaneously.
• Hands-on experience with KYC/KYB, AML, client due diligence, and ongoing monitoring.
• Experience reviewing transaction monitoring or KYT alerts and identifying and escalating potentially suspicious activity.
• Experience with compliance case management, documentation, and escalation processes.

Responsibilities

• Review onboarding applications for low- and medium-risk clients and escalate high-risk cases to the CCO.
• Oversee client maintenance pipeline to ensure timely reviews and re-screenings.
• Manage due diligence for vendors, banking partners, and counterparties.
• Prepare regular compliance status reports for the CCO.
• Perform first-level fiat transaction monitoring and escalate suspicious activity as needed.
• Own end-to-end onboarding workflow coordinating with Business Development and Compliance teams.
• Initial review of wallet whitelisting submissions in Reactor; escalate high-risk wallets.
• Conduct checks for bank whitelisting and document outputs in ShareFile.
• Review and manage KYT alerts as part of compliance monitoring.
• Oversee ongoing client monitoring alerts.

Skills

Compliance experience

Crypto industry

Chainalysis

KYC/KYB

AML

Transaction monitoring

Case management

Tools

Chainalysis

ShareFile

Job description

Compliance Associate!

Reports to: Chief Compliance Officer (CCO)

Time Zone & Availability: Aligned with EST working hours, Monday–Friday

About The Company

Our US-based client is a global digital asset liquidity and trading technology provider that delivers institutional-grade solutions to participants across the digital asset ecosystem. The company combines proprietary technology with financial market expertise to provide services including algorithmic market making, electronic liquidity, OTC trading, stablecoin settlement, and execution infrastructure. With a global presence across North America, Europe, the Middle East, Bermuda, and South America, we work with trading firms, exchanges, institutional investors, hedge funds, family offices, and other sophisticated market participants, helping bridge the gap between traditional finance and the evolving world of digital assets.

Responsibilities

• Low & Medium-Risk Account Review: Review and approve onboarding applications and account decisions for low- and medium-risk clients, escalating high-risk determinations to the CCO.
• Client Maintenance Oversight: Monitor and manage the client maintenance pipeline to ensure periodic reviews, document refreshes, and re-screenings are completed on schedule and without backlog.
• Vendor & Counterparty Due Diligence: Manage the due diligence process for new and existing vendors, banking partners, and counterparties.
• Internal Compliance Reporting: Prepare regular compliance status reports for the CCO, covering open items, account backlogs, pending reviews, and emerging risk areas.
• Fiat Transaction Monitoring: Conduct first-level reviews of fiat transaction activity, identifying and documenting potentially suspicious patterns and escalating cases to the CCO as appropriate.
• New Client Onboarding Pipeline Management: Own the end-to-end client onboarding workflow, coordinating between the Business Development and Compliance teams to ensure the pipeline moves forward efficiently.
• Reactor Wallet Whitelisting: Perform the initial review of all wallet whitelisting submissions in Reactor. Escalate any high-risk wallets to the CCO for review and maintain the required documentation in ShareFile.
• Bank Whitelisting: Conduct required checks for bank whitelisting and save the relevant documentation and outputs in the appropriate ShareFile folder.
• KYT Alert Management: Review and manage Know Your Transaction (KYT) alerts as part of the compliance monitoring process.
• Ongoing Monitoring: Review and manage alerts related to ongoing client monitoring.

Key Requirements

• 2+ years of experience in compliance or a related field
• Previous experience in the crypto/digital asset industry
• Familiarity with Chainalysis
• Advanced level of English
• Strong attention to detail and ability to manage multiple compliance processes and reviews simultaneously
• Hands-on experience with KYC/KYB, AML, client due diligence, and ongoing monitoring.
• Experience reviewing transaction monitoring or KYT alerts and identifying and escalating potentially suspicious activity.
• Experience with compliance case management, documentation, and escalation processes.

Perks

• 10 business days of time off per year
• US holidays
• Competitive compensation in USD
• Remote work aligned with EST working hours.