Director, Sanctions Compliance
Company: Circle
Location: Los Angeles
Posted on: May 2, 2024
Job Description:
Circle is a financial technology company at the epicenter of the
emerging internet of money, where value can finally travel like
other digital data - globally, nearly instantly and less
expensively than legacy settlement systems. This ground-breaking
new internet layer opens up previously unimaginable possibilities
for payments, commerce and markets that can help raise global
economic prosperity and enhance inclusion. Our infrastructure -
including USDC, a blockchain-based dollar - helps businesses,
institutions and developers harness these breakthroughs and
capitalize on this major turning point in the evolution of money
and technology.What you'll be part of:Circle is committed to
visibility and stability in everything we do. As we grow as an
organization, we're expanding into some of the world's strongest
jurisdictions. Speed and efficiency are motivators for our success
and our employees live by our company values: Multistakeholder,
Mindfulness, Driven by Excellence and High Integrity. Circlers are
consistently evolving in a remote world where strength in numbers
fuels team success. We have built a flexible and diverse work
environment where new ideas are encouraged and everyone is a
stakeholder.What you'll be responsible for:Circle is looking for a
Sanctions Compliance Director that will oversee the development and
management of Circle's Sanctions Compliance Program. As a key
leader within the second line of defense Compliance team, you will
be responsible for developing and implementing the requirements and
standards for Circle's Sanctions programs.You will work with the
business and compliance/risk peers to provide timely guidance and
advice and ensure that the relevant controls are in place and
maintained to comply with the relevant regulations in all the
jurisdictions in which Circle operates. You will be responsible for
establishing internal strategies, policies, procedures, processes
related to monitoring and fostering awareness of sanctions
regulatory requirements including assessing related sanctions risk
exposure, overseeing the quality of sanctions control processes and
setting standards to manage and mitigate those sanctions risks and
protect the business.What you'll work on:
- Owning the end-to-end Sanctions program and strategy, including
the development of policies, standards, and other procedural or
guidance materials.
- Providing day-to-day guidance for designing sanctions screening
platforms and controls for Circle's services and all applicable
sanctions regulations.
- Planning, designing, developing and testing configurations for
Sanction screening applications.
- Performing data analysis, designing business requirements,
understanding emerging issues, performing estimation and verify
implementation of new features and enhancements.
- Identifying, assessing, and advising on compliance risks and
control enhancements to a variety of stakeholders and customers to
mitigate risks related to AML and Sanctions.
- Providing advice to the businesses on an ongoing basis on new
business initiatives, new products, and customer-related matters
with respect to applicability of policies, resolution of potential
red flags or other compliance escalations.
- Researching, analyzing and providing recommended remediation
efforts on action plans for matters that present sanctions and/or
reputational risk.
- Overseeing control assessments and supporting the completion of
company-wide Sanctions Risk Assessments.
- Staying current on key Sanctions regulatory changes, key
enforcement actions and related industry trends.
- Assisting regional Heads of Compliance in ensuring that all
regulatory processes are scalable and remain compliant.
- Developing, monitoring and reporting on a suite of KPIs / KRIs
for various internal fora including Executive Leadership and
Board-level reporting.
- Collaborating closely with the Compliance Operations team to
operationalize the Sanctions Compliance program.
- Working closely with Legal, Product and other internal
stakeholders to support license application processes across
multiple regions.
- Presenting to regulators, examiners and auditors performing
reviews of the Compliance program.You will aspire to our four core
values:
- Multistakeholder - you have dedication and commitment to our
customers, shareholders, employees and families and local
communities.
- Mindful - you seek to be respectful, an active listener and to
pay attention to detail.
- Driven by Excellence - you are driven by our mission and our
passion for customer success which means you relentlessly pursue
excellence, that you do not tolerate mediocrity and you work
intensely to achieve your goals.
- High Integrity - you seek open and honest communication, and
you hold yourself to very high moral and ethical standards. You
reject manipulation, dishonesty and intolerance.What you'll bring
to Circle:
- 12+ years of relevant experience in compliance with deep
specialization in managing Sanctions programs.
- 5+ years of experience managing and leading teams.
- Compliance experience in either banking, consulting, or
cryptocurrency required. Experience in RegTech or Fintech companies
is preferred.
- Proven experience with regulatory exams and presenting to
examiners.
- Extensive knowledge of and experience with OFAC, UN, and other
Global Sanctions regulatory guidance.
- Experience managing the configuration and performance of client
and transaction sanction screening systems.
- Familiarity with client screening and associated alert
reviews.
- Experience working hands-on with other cross-functional team
leaders, such as lawyers, engineers, product managers, data
analysts, operations analysts in improving compliance processes and
systems.
- Experience and comfort working in an ever changing industry and
the flexibility to quickly react to changing demands.
- Experience/familiarity with Slack, Apple MacOS and
GSuite.Additional Information:
- This position is eligible for day-one PERM sponsorship for
qualified candidates. Circle is on a mission to create an inclusive
financial future, with transparency at our core. We consider a wide
variety of elements when crafting our compensation ranges and total
compensation packages.Starting pay is determined by various
factors, including but not limited to: relevant experience, skill
set, qualifications, and other business and organizational needs.
Please note that compensation ranges may differ for candidates in
other locations.Base Pay Range: $190,000 - $242,500Also Included:
Equity & Benefits (including medical, dental, vision and 401(k)).
Circle has a discretionary vacation policy. We also provide 10 days
of paid sick leave per year and 11 paid holidays per year in the
U.S. We are an equal opportunity employer and value diversity at
Circle. We do not discriminate on the basis of race, religion,
color, national origin, gender, sexual orientation, age, marital
status, veteran status, or disability status. Additionally, Circle
participates in theE-Verify Program in certain locations, as
required by law. We're looking far and wide for the right people.
At Circle, we know firsthand that great work can be delivered
remotely - and we see tremendous value in the flexibility this
affords Circlers and their families. Outside of our virtual
meetings - we stay connected and build lasting relationships with
our colleagues through local, in-person meetups, team and
department offsites, and regular company-wide events.
As a global organization, we seek to hire the best talent in a
variety of cities around the world. In some cases, we look for
candidates who align to a particular team's geography or time zone
to help maximize productivity and ensure strong employee
experiences. If you feel this job is right for you, select the city
closest to you from the list below to apply.
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Keywords: Circle, Anaheim , Director, Sanctions Compliance, Accounting, Auditing , Los Angeles, California
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