KYC Jobs at Telcoin

Telcoin offers attractive compensation, ESOP, and other great benefits, including 100% company sponsored healthcare for individuals and family. Advance your career to the next level!

Overview

Telcoin is a start-up fin-tech provider, utilizing block-chain technology to deliver cutting edge financial products and services. Telcoin is expanding rapidly, we now have operations in 9 countries and ambition to launch in many more. Our mission is to bring fast and affordable, user-owned financial products to every mobile phone user in the world.

With this rapid growth has come a need to screen customers and transactions to comply with current anti-money laundering, and other associated regulations in multiple jurisdictions. We are looking for a director to oversee and assist with these activities.

Job Description

This position is responsible for the implementation and administration of all aspects of the Know Your Client customer identification program (KYC), Anti-Money Laundering (AML)/suspicious trading program and is the global Money Laundering Reporting Officer (MLRO) (collectively “AML Program”). Requires continuous exercise of judgment following broad guidelines. Identifies and selects complex choices of action where standard practices may not exist. Must be able to accommodate detailed work, problem solving, reasoning, math, presentations, verbal communication, written communication, analytical reasoning, training others, multiple concurrent tasks and constant interruptions.

This position performs various implementation, ongoing monitoring, reporting and quality control reviews related to the AML Program. The position will be the primary responsible person for reporting suspicious activity to relevant regulators. The position shall have competent knowledge, and ability to maintain expertise in applicable law and regulations directly pertaining to the AML program including, without limitation, USA Bank Secrecy Act and analogous laws in Singapore, Philippines, UK, Canada, EU and Australia. The position shall have the ability to interface with applicable regulators pertaining to the AML Program including, without limitation, USA OFAC/FINCEN. Knowledge of relevant AML Program systems and ability to implement such systems is required. The position shall oversee a staff so that the AML Program is maintained on a daily basis. The position shall interface with legal, technology and other compliance staff to ensure the company is positioned to maintain the AML Program and mitigate associated risk. The position shall advise senior management on issues and developments in the AML program.

Previous experience as an MLRO is not required, but you must be willing to learn and accept the responsibilities and duties of this position.

Role Responsibilities

• Ensure customers KYC’d, i.e. identity verification
• Sanctions and Politically Exposed Person (PEP) screening
• Monitor crypto transactions and analyze red flags and various reports, logs, and transaction data to identify trends, unusual activity, and monitor large currency activity;
• Investigate unusual activity or red flags using various resources including blockchain examination tools, e.g. Chainalysis. Maintain auditable investigation and resolution files.
• Determine if AML Program filings are required and make such filings using applicable systems.
• Maintain current knowledge of laws and regulations related to the AML Program.
• Maintain knowledge of AML Program related vendors and systems.
• Maintain understanding of blockchain industry and developments.
• Ability to interface between compliance and technology departments
• Develop, coordinate, and facilitate training programs, sessions, and seminars to educate bank personnel about AML Program related compliance requirements and procedures.
• Coordinate the development and implementation of forms, notices, and procedures and monitoring processes for compliance with the applicable law and related regulations.
• Assist in preparation, coordination and response to internal and external audits related to the AML Program.
• Responsible for the preparation and submission of all large transaction (e.g. Currency Transaction Reports) and analogous governmental filings within required timeframes.
• Oversee and coordinate the monitoring of account activity for suspicious patterns.

About You

• Ability to deal with routine problems involving multiple facets, variables, and situations where only limited standardization exists.
• Understanding of legislative and regulatory processes
• Familiarity with all functional areas of banking
• Excellent oral and written communication skills
• Comprehensive understanding of general banking compliance regulations and laws
• Comprehensive understanding of general banking operations activities, products, and services
• Ability to proactively identify and assess potential concerns and risks
• Ability to resolve issues, work independently, and meet deadlines
• Persuasive and team-oriented
• Ability to communicate effectively with staff at all levels
• College degree, or equivalent banking experience
• Five years general banking or regulatory agency experience, with an emphasis in BSA compliance and Operations. Previous experience managing High Risk
• Previous experience managing KYC, AML, investigation programs, and experience with them related to crypto.
• Effective verbal, written, and interpersonal communication skills with the ability to instruct others, train personnel, write reports, correspondence and procedures, and speak clearly to customers and employees
• Good organizational and time management skills
• Collaborative approach to solving issues. Team player.
• Ability to give and receive constructive criticism.
• Ethical approach with focus on customer protection.
• Creative
• Desire to always be learning and sharing knowledge with others.
• Ability to recruit needed staff

Due to COVID-19, we are open to the virtual hiring process, and are onboarding new hires remotely. We value the safety of each member of our community.

Telcoin is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws