MLRO & Compliance Officer UK

United Kingdom (Remote)

About us

Established in 2013, Xapo has pioneered Crypto Banking, while earning a reputation as the Fort Knox of Crypto. We believe that Bitcoin will do for money, what the internet did for information. Our goal is to provide a bridge between digital assets and traditional financial services. To make it safe and easy for you to save in Dollars or Bitcoins, with immediate access to funds via Card, Crypto and Bank payment rails. To help you to participate in both traditional and crypto markets, enabling you to grow your wealth and build your financial future. Xapo Bank is the first product of its kind: a platform that bridges the gap between crypto and traditional banking services. Headquartered in Gibraltar, we are regulated and authorised as a credit institution to provide fiat related services and in addition, Xapo VASP is regulated and authorised as a Distributed Ledger Technology Provider to provide crypto services.

Position overview

Xapo is looking for a proactive and highly skilled Money Laundering Reporting Officer (MLRO) & Compliance Officer to join our global team. The MLRO & Compliance Officer will work as an integral part of our global Compliance team, leveraging the broader organisation and resources to ensure that we maintain an effective compliance monitoring, anti-money laundering and advisory program and meet all of our regulatory compliance and AML obligations. The MLRO & Compliance Officer will drive the implementation and management of compliance controls, processes and operations for Xapo’s Compliance & Anti-Financial Crime (AFC) Program, including its Anti-Money Laundering/Counter-Terrorist Financing (AML/CTF) and Sanctions prevention activities. This role will support the business in the development and implementation of a UK specific Compliance & AFC Framework which provides reasonable assurance that there are effective and efficient policies and procedures in place, which are well understood and respected by all Staff. This role is UK-based (Remote), with a strong preference for London or the surrounding Home Counties, to support Xapo’s continued expansion into the UK. Xapo is in the process of securing the necessary regulatory authorisations to offer its UK-facing banking and crypto services from its new UK home.

Responsibilities

• Ability to be approved by relevant regulatory authorities in the United Kingdom to hold the official MLRO and/or Nominated Officer role(s) for Xapo’s UK future footprint.
• Monitoring the regulatory landscape and documenting at least annually a regulatory risk assessment with recommendations based on the results (i.e. Annual Risk Assessment and MLRO’s Annual Report to the Board).
• Conduct compliance reviews and analysis of new regulatory developments and maintain oversight of developments affecting business activities, and disseminating these updates to relevant parties across the business.
• Maintain and update Compliance policies and procedures to ensure the implementation of appropriate controls that reflect business needs and regulatory requirements.
• Drafting Annual and Monthly Compliance Reports, and other such compliance reports as may be required.
• Supporting internal audit processes related to compliance matters.
• Liaising with regulators on compliance matters including responding to enquiries or investigations.
• Providing advice on compliance issues across business units including product development teams.
• Delivering training on compliance topics across various teams within Xapo.
• Collaborating with other departments such as Legal or Risk Management on cross-functional projects related to compliance.

Requirements

Experience & Background

• Proven experience working within AML/CTF compliance roles preferably within financial services or fintech sectors.
• Strong knowledge of UK AML legislation including Money Laundering Regulations 2017 (as amended), Proceeds of Crime Act 2002 etc.
• Experience liaising with regulators such as FCA or equivalent bodies desirable but not essential.
• Excellent understanding of sanctions regimes applicable within UK jurisdiction.
• Ability to interpret complex regulations into practical policies/procedures suitable for operational implementation.

Skills & Competencies

• Strong analytical skills combined with attention to detail when reviewing documentation or conducting investigations.
• Excellent communication skills both written/verbal enabling clear explanation of complex topics at different levels within organisation.
• Ability to work independently managing multiple priorities under tight deadlines whilst maintaining high quality standards.
• Proactive approach towards problem solving demonstrating initiative when identifying risks or issues requiring escalation.
• High level proficiency using Microsoft Office suite particularly Excel for reporting purposes.

Why work for Xapo?

IMPACT GLOBALLY...work remotely...etc.