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ISO 9001 Certified | 400+ students | Learn more | by Metana | ||
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Squads📍 Europe | $81k - $93k | |||
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Business Compliance Manager - Payments
Responsibilities
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Act as the primary point of contact for financial regulators and supervisory authorities.
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Lead regulatory inspections, inquiries, audits, and ongoing supervisory engagements.
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Manage remediation programs arising from regulatory reviews, audits, or internal assessments.
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Coordinate cross-functional responses to regulatory requests and ensure timely delivery of required documentation.
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Draft and maintain regulatory submissions, including Client Money Policies, fund flow reports, risk assessments, and other regulatory documentation.
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Monitor regulatory developments and assess their impact on the business.
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Develop and maintain compliance frameworks supporting key payment and fiat activities
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Conduct compliance assessments of payment service providers, payment agents, settlement agents, and other financial partners.
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Perform due diligence and risk evaluations for payment-related business relationships.
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Ensure compliance with cross-border payment regulations and applicable financial crime requirements.
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Support and lead the expansion of payment Licences into new jurisdictions
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Lead the development, review, and enhancement of internal compliance policies, procedures, and controls, supporting business growth but ensuring regulatory compliance and best practice
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Conduct gap analyses against regulatory requirements and industry best practices.
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Perform onboarding risk assessments for new partners, vendors, and strategic business relationships.
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Cross function collaboration, including with Legal, Risk, Operations, Product, and Business teams to ensure regulatory requirements are appropriately embedded into business processes.
Requirements
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Bachelor's degree in Law, Finance, Accounting, Business Administration, or a related discipline.
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10+ years of experience in Regulatory Compliance, Regulatory Affairs, Business Compliance, or related functions within regulated financial institutions.
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Demonstrated experience directly engaging with financial regulators and PSP/EMI/MSB type licensing frameworks. Crypto compliance expertise is an additional advantage
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Proven experience managing regulatory inspections, examinations, audits, and remediation programs.
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Proven experience leading policy development and compliance gap analysis initiatives.
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Experience in driving new licensing opportunities
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Experience within cryptocurrency, digital asset, or virtual asset service provider (VASP) environments.
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Experience in Middle East, or Southeast Asian regulatory environments
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Previous experience as a Compliance Officer or Regulatory Affairs professional within a licensed bank, payment institution, securities firm, or regulated financial services company.
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Strong regulatory communication and stakeholder management skills.
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Excellent commercial and business acumen, preferable in Payments / Fintech environments
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Ability to serve as the company's primary representative in interactions with regulators.
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Excellent analytical, policy drafting, and risk assessment capabilities.
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Ability to thrive in a fast-paced, high-growth, and highly regulated environment.
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Resilient, detail-oriented, and capable of managing multiple priorities under pressure.
How much do crypto jobs pay?
The salaries for cryptocurrency jobs vary widely depending on the specific role, industry, location, experience, and other factors
However, in general, cryptocurrency jobs tend to pay relatively well compared to other industries
Here are some examples of average salaries for popular cryptocurrency jobs:
- Blockchain Developer: The average salary for a blockchain developer in the US is around $105,000 per year, with salaries ranging from $60,000 to $180,000 per year.
- Cryptocurrency Analyst: The average salary for a cryptocurrency analyst in the US is around $85,000 per year, with salaries ranging from $50,000 to $135,000 per year.
- Cryptocurrency Trader: The average salary for a cryptocurrency trader in the US is around $95,000 per year, with salaries ranging from $40,000 to $180,000 per year.
- Marketing and PR Manager: The average salary for a marketing and PR manager in the US is around $77,000 per year, with salaries ranging from $43,000 to $128,000 per year.
- Crypto Lawyer: The average salary for a crypto lawyer in the US is around $120,000 per year, with salaries ranging from $70,000 to $200,000 per year.
Is crypto jobs legit?
Yes, cryptocurrency jobs are generally legitimate, and the industry has created many job opportunities over the years
As the cryptocurrency industry has grown, it has attracted a significant number of legitimate businesses and organizations that require talented individuals to work in various roles, such as blockchain development, cryptocurrency analysis, trading, marketing, public relations, law, and compliance, among others
However, as with any industry, there are also fraudulent job postings and scams that try to take advantage of people looking for work
It is essential to be cautious and thoroughly research any company or job opportunity before applying or accepting a position
You should always verify that the job posting is from a legitimate company and never provide sensitive personal or financial information without ensuring that the opportunity is genuine
To avoid scams, you can do the following:
- Research the company before applying for a job or accepting a job offer. Check the company's website, social media, and reviews to ensure that it is legitimate.
- Verify the job posting and contact information. Ensure that the email, phone number, or website listed in the job posting is valid.
- Don't pay for a job or training. A legitimate company will not ask you to pay for a job or training.
- Be wary of job offers that sound too good to be true. If a job offer promises a high salary or unrealistic benefits, it could be a scam.
What careers are there in crypto?
The market of cryptocurrency jobs has grown rapidly in recent years, creating a wide range of career opportunities in various sectors
Here are some of the careers in crypto that you can explore:
- Blockchain Consultant: Consultants offer advice to businesses and organizations that are exploring the implementation of blockchain technology. They help with strategic planning, implementation, and optimization.
- Blockchain Developer: Developers are responsible for creating and maintaining blockchain-based applications and smart contracts. They need to have experience in coding languages like Solidity, C++, and Python.
- Crypto Compliance Officer: These professionals ensure that businesses operating in the crypto industry comply with relevant laws and regulations.
- Crypto Journalist: A journalist who specializes in reporting on cryptocurrencies and the blockchain industry. They write news articles, feature stories, and analysis.
- Crypto Lawyer: Lawyers who specialize in the crypto industry help navigate complex regulatory and legal frameworks.
- Cryptocurrency Analyst: An analyst researches and analyzes cryptocurrencies and the market trends. They provide insights on trading, investments, and risk management.
- Cryptocurrency Educator: Educators help individuals and businesses understand the concepts and technicalities of cryptocurrencies and the blockchain technology.
- Cryptocurrency Trader: Traders buy and sell cryptocurrencies on exchanges, making profits by predicting market movements.
- Marketing and PR Manager: These professionals are responsible for promoting crypto projects, managing the brand's online presence, and building community engagement.
Can you make a career out of cryptocurrency?
Yes, it is possible to make a career out of cryptocurrency
The cryptocurrency industry has grown rapidly in recent years, and there are now many job opportunities available in various sectors related to blockchain and digital currencies
Some of the most common career paths in cryptocurrency include blockchain development, cryptocurrency trading, cryptocurrency analysis, marketing and public relations, and cryptocurrency journalism
There are also roles in cryptocurrency consulting, law, and compliance, among others
To pursue a career in cryptocurrency, it is important to have a strong understanding of the technology and how it works
This may require education or training in computer science, economics, or finance, depending on the specific career path you choose
Additionally, keeping up with the latest developments in the industry is crucial to stay competitive and relevant
As with any career, success in the cryptocurrency industry also requires a strong work ethic, dedication, and a willingness to continuously learn and adapt to new developments
While the industry is still relatively new and rapidly evolving, it has the potential to offer exciting and rewarding career opportunities for those who are passionate about the technology and willing to put in the effort to succeed.
What is crypto jobs?
Crypto jobs refer to employment opportunities in the cryptocurrency industry
This can include jobs related to the development of cryptocurrency technology, such as blockchain development, as well as jobs in crypto-related companies, such as exchanges or payment processing firms
Some examples of crypto jobs include blockchain engineers, crypto traders, and compliance specialists
These jobs often require specialized knowledge and expertise in the field of cryptocurrencies and blockchain technology.