Chief Compliance Officer

Key Responsibilities:

Regulatory Compliance:

• Ensure the firm's activities comply with the regulations issued by the Monetary Authority of Singapore (MAS), including the Payment Services Act (PSA) and applicable AML/CTF (Anti-Money Laundering/Combating Terrorist Financing) regulations.
• Monitor evolving global regulations for cryptocurrencies and decentralised financial products (e.g., DeFi, NFTs, stablecoins) and ensure the firm's compliance in multiple jurisdictions.
• Implement policies and procedures to comply with local and international standards (e.g., FATF, EU directives, SEC regulations).

Risk Management:

• Develop and manage the company’s risk management framework, ensuring a focus on compliance and operational risks specific to decentralised finance and blockchain technology.
• Assess and mitigate potential risks from technological innovations, such as smart contracts, token issuance, and decentralised exchanges (DEX).
• Create safeguards against regulatory, legal, and reputational risks, especially as the company grows and enters new markets.

Internal Controls and Auditing:

• Design and implement internal controls to ensure compliance with crypto-specific regulations.
• Work with external auditors and regulatory bodies during audits and assessments.
• Ensure continuous monitoring, testing, and refinement of compliance and control systems.

AML/CTF Program Management:

• Oversee the design, implementation, and management of Anti-Money Laundering (AML) and Combating Terrorist Financing (CTF) programs, including KYC (Know Your Customer) protocols.
• Monitor transactions for suspicious activity and ensure timely filing of Suspicious Transaction Reports (STRs) with the relevant authorities.
• Stay updated with global developments on crypto-related AML frameworks and implement necessary changes.

Advisory and Training:

• Act as the key advisor to the executive team and board of directors on regulatory and compliance matters in the crypto space.
• Train and educate employees on compliance policies, industry best practices, and emerging regulatory trends.
• Foster a culture of compliance throughout the organisation by encouraging transparency, ethical behaviour, and regulatory awareness.

Liaison with Regulatory Authorities:

• Maintain relationships with key regulatory bodies (MAS, ICO/IEO regulators, etc.) and industry associations.
• Serve as the company’s main point of contact during regulatory inquiries, audits, or inspections.
• Represent the firm in regulatory forums, industry events, and discussions on emerging cryptocurrency laws and standards.

Collaboration with Legal and Business Teams:

• Collaborate with the legal department to interpret and implement new regulatory requirements.
• Support the business development team by ensuring new products, services, and markets are compliant with local and international laws.

Incident Management:

• Oversee the firm’s response to compliance breaches, incidents, or security violations.
• Manage the resolution of compliance issues, coordinate investigations, and recommend remediation steps.

Monitoring Decentralised Finance (DeFi) Protocols:

• Implement compliance frameworks that monitor decentralised and autonomous systems, including protocols that leverage smart contracts.
• Ensure the safety, legality, and ethical operation of DeFi platforms and services.

Key Qualifications:

Educational Background:

• Educational Background:Bachelor’s or Master’s degree in Law, Finance, Business, or a related field. A degree or certification in blockchain/cryptocurrency regulations is advantageous.

Professional Certifications:

• Professional Certifications:Certification in AML/CTF (e.g., CAMS, ICA) or other relevant qualifications. Familiarity with DeFi, blockchain technology, or cryptocurrency markets is essential.

Experience:

• Minimum of 5-10 years of experience in compliance, risk management, or legal roles, preferably within the financial services industry or crypto/blockchain sectors.
• In-depth knowledge of MAS regulations, particularly the Payment Services Act (PSA), as well as international standards (e.g., FATF, MiCA, SEC).
• Strong background in designing and implementing AML/KYC frameworks, ideally in a decentralised or crypto environment.

Skills:

• Excellent understanding of decentralised financial ecosystems, blockchain, and tokenomics.
• Strong leadership and strategic thinking abilities, with the ability to influence senior leadership and foster cross-functional collaboration.
• Analytical mindset with the ability to identify emerging risks and adapt the firm’s compliance strategy accordingly.
• Exceptional communication skills for liaising with regulators and internal stakeholders.