Compliance Manager, Transaction Monitoring

Who are we?

FalconX is a pioneering team of operators, investors, and builders committed to revolutionizing institutional access to the crypto markets. Operating at the intersection of traditional finance and cutting-edge technology, FalconX addresses the industry's foremost challenges: Navigating the digital asset market can be complex and fragmented, with limited products and services that support trading strategies, structures, and liquidity found in conventional financial markets. As a comprehensive solution for all digital asset strategies from start to scale, FalconX operates as the connective tissue empowering clients with seamless navigation through the ever-evolving cryptocurrency landscape.

Position Summary:

The Compliance Manager at FalconX will be responsible for conducting complex investigations into potentially suspicious activities involving cryptocurrency products, traditional brokerage accounts, and cash movements. This role involves utilizing advanced blockchain analysis tools, ensuring adherence to AML regulations, and collaborating with various stakeholders to mitigate risks related to financial crimes.

Key Responsibilities:

• Investigation Management: Conduct complex investigations into potentially suspicious activity involving cryptocurrency products, traditional brokerage accounts, and cash movement, resulting from internal monitoring systems, alerts, referrals, and external inquiries.
• Blockchain Analysis: Conduct advanced blockchain analysis using blockchain analytics tools to trace crypto flows and surface red flags.
• Defi Risk Management: In-depth understanding of Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and sanctions risks specific to decentralized finance (DeFi) markets, with proven ability to develop and implement effective controls and strategies to mitigate these risks.
• Customer Activity Analysis: Analyze customer activity across FalconX entities, including broker-dealers and Money Services Businesses.
• SAR Drafting: Draft high-quality Suspicious Activity Reports (SARs) that meet regulatory standards and internal quality expectations, summarizing complex activity clearly and concisely.
• Risk Assessment and Mitigation: Strong skills in conducting risk assessments related to transaction activities, including evaluating the impact of new products or services on existing monitoring frameworks and developing strategies to mitigate identified risks.
• Cross-Functional Collaboration: Proven ability to work collaboratively with legal, risk management, IT, and other departments to enhance compliance strategies and implement effective controls.
• Regulatory Reporting: Experience in preparing and submitting regulatory reports related to transaction monitoring and compliance, ensuring timely and accurate communication with regulatory bodies.
• Technology Integration: Familiarity with integrating new technologies and tools into existing monitoring systems to improve efficiency and effectiveness in detecting suspicious activities.
• Data Privacy and Security: Understanding of data privacy regulations and best practices for handling sensitive financial information, ensuring compliance with relevant laws and protecting customer data.
• Lifecycle Ownership: Own the investigation process after initial detection and review by analysts, through decisioning and documentation.
• Case Support: Provide support in handling escalated or high-risk cases by gathering data and offering investigative insights.
• Peer Support & Mentoring: Provide peer support and mentoring to newer team members and contribute to onboarding and training efforts.
• Continuous Improvement: Contribute to continuous improvement by helping to enhance investigative processes, quality standards, and tooling.
• Stay Informed: Stay current on emerging crypto-related financial crime trends, typologies, and regulatory updates (e.g., FinCEN guidance, NYDFS crypto guidance).

Qualifications:

• Education: Bachelor’s degree in a relevant field (e.g., Criminal Justice, Finance, Economics) or equivalent experience.
• Experience: 5+ years of AML investigation experience at a broker-dealer, crypto firm, fintech, or financial institution, including SAR drafting and KYC reviews.
• Technical Skills: Hands-on experience analyzing crypto transactions and using blockchain analytics tools (e.g., Chainalysis, TRM, Elliptic, CipherTrace, etc).
• Regulatory Knowledge: Strong understanding of BSA/AML regulations, with a focus on virtual currencies and digital asset platforms.
• Analytical Skills: Proven ability to work independently on complex cases, analyze large data sets, and make sound, defensible decisions.
• Communication Skills: Exceptional writing and documentation skills, with strong attention to detail.
• Platform Familiarity: Familiarity with TRM Labs, Solidus Labs, or other case management platforms.
• Adaptability: Comfortable in a fast-paced, evolving environment that values initiative and innovation.
• Passion: Passion for staying ahead of financial crime threats in the crypto and fintech space.