Genesis Global Trading, Inc. is hiring a

Web3 Money Laundering Reporting Officer

About this Role - Money Laundering Reporting Officer (London)

Genesis is seeking a Money Laundering Reporting Officer with a strong background in AML compliance, reporting directly to the Chief Compliance Officer. The incoming MLRO will be tasked with building proactive relationships with the FCA, as well as continuing our efforts in meeting regulatory requirements and developments. The successful candidate will work closely with other stakeholders both locally and internationally to ensure that our UK regulatory efforts align with the broader group’s regulatory strategy, and vice-versa, where applicable. The role is well suited to someone seeking a new challenge in an emerging asset class that is happy to draw on a combination of extensive compliance experience and first principles-based thinking.

Primary Responsibilities

• Oversee the Genesis Custody compliance programme
• Ensure continuous compliance with the Money Laundering Regulations and all aspects of the firm’s registration with the FCA
• Oversee the management of regulatory examinations and compliance independent reviews / external audits
• Provide strategic, actionable advice and guidance to the business on JMLSG, FCA, UK Bribery Act, relevant Sanctions lists, and any other applicable rules and guidance
• Prepare and submit regulatory reporting in support of any licenses as well as compiling the annual MLRO report and REP-CRIM
• Oversee KYC/CDD and AML/CTF checks conducted by both outsourced and local compliance staff
• Work closely with AML Compliance staff in New York and Singapore to ensure compatibility and cohesion with firmwide policies and procedures
• Review, assess and enhance compliance policies and procedures and the compliance monitoring programme to reflect regulatory developments and best practices
• Investigate and, when required, make Suspicious Activity Reports to the NCA (and any other regulators, as required).
• Collaborate with the Legal function to respond to law enforcement requests
• Help determine which cryptocurrencies and products the UK entity should support and carry out
• Provide training to relevant staff on regulatory and legislative requirements, the maintenance of those training records, and the fostering of a compliance culture.
• Build strong relationships with front office, senior management, and third-party vendors to ensure a strong firmwide AML culture

Requirements

• Bachelor’s degree in Law/Accounting/Finance or related discipline. Advanced degree preferred.
• At least 8 years experience in AML Compliance, including management experience or experience organizing and scaling a team.
• Proven experience gained within a major regulated financial services organization.
• Strong understanding of relevant products and services, including current knowledge of their regulatory requirements.
• Ability to distil and discern important information from regulatory guidance, statutes and regulations, audit findings, and other documents and determine how it impacts the business.
• Experience with cryptocurrencies or financial technology related products is desirable and indeed preferred.

Personal Attributes

• Self-directed and comfortable owning the UK Compliance function and engaging with senior management/C-suite executives.
• Excellent judgment in discerning issues to be bought to the attention of other senior Compliance personnel and the Chief Compliance Officer; initiative and proactive attitude.
• Strong spirit of collaboration with others in a close-knit team.
• Discretion.

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