Chief Compliance Officer/MLRO
Luxembourg, Luxembourg City
Legal & Compliance – Compliance /
On-site
Binance is the leading global blockchain ecosystem and cryptocurrency infrastructure provider whose suite of financial products includes the world’s largest digital-asset exchange.
Our mission is to accelerate cryptocurrency adoption and increase the freedom of money.
If you’re looking for a fast-paced, mission-driven organization where opportunities to learn and excel are endless, then Binance is the place for you.
Responsibilities:
- Manage the second line of defense: Work closely with the management body and Heads of Functions across Luxembourg and abroad.
- Lead compliance and regulatory matters with international regulatory bodies, including support for registrations.
- Prepare regular reports and provide strategic direction to senior management regarding compliance matters.
- Coordinate various regulatory filings to ensure timely and accurate submissions.
- Develop compliance policies and audit program procedures to maintain regulatory standards.
- Focus on internal compliance policy review, including ongoing assessments, assisting with compliance reviews, internal audit reviews, and ongoing or ad hoc reviews.
- Work with in-house and external advisors to monitor and implement responses to regulatory developments that impact the business.
- Track compliance items related to new product or service launches.
- Collaborate with other departments on special projects and compliance initiatives as necessary.
- Educate staff on compliance requirements and best practices.
- Advise on and oversee the implementation of systems and controls to prevent financial crimes related to client funds.
- Ensure compliance with the Money Laundering Act, terrorist financing requirements, and transfer of funds regulations.
- Oversee the processes for CDD, EDD, sources of wealth, and beneficial ownership verification.
- Implement and oversee transaction monitoring systems to detect and report suspicious activities.
- Conduct risk assessments related to money laundering and financial crimes involving client funds.
- Maintain and update compliance policies and manuals, including those related to Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT).
- Develop and implement training programs to ensure high standards of AML/CFT awareness among employees.
- Oversee the outsourcing of compliance-related activities, ensuring they meet regulatory standards.
- Report to the governing body on financial security matters and ensure all AML reporting requirements are met.
- Ensure compliance with and communicate any guidance from relevant regulatory agencies.
- Identify and address any potential gaps in AML/CFT compliance, especially in outsourced functions.
Requirements:
- Minimum of 10 years of experience in regulatory compliance, AML/CFT, or regulatory functions, preferably within a PSP or an EMI.
- Strong knowledge of national and international AML/CFT legislation.
- Ability to work independently in a fast-paced, global organization while maintaining close contact with relevant teams across multiple locations.
- Excellent problem-solving skills with the ability to provide practical and efficient counsel.
- Fluency in English is essential, French would be beneficial.
- Luxembourg based.
