Work from anywhere, impact everywhere
Diversity is at the heart of who we are at Xapo Bank. We’re a fully distributed team of over 130 Xapiens that work remotely from 30+ countries around the world.
Our beginning: A world that enjoys economic freedom and wealth protection, no matter where you live or who is running your country.
To achieve that, we search the world for the best people for the job. We work hard, think globally, and inspire each other to learn and grow. We are committed to changing the way things are done.
Although we are headquartered in Gibraltar, this is a full time, 100% remote position
Work from anywhere!
POSITION OVERVIEW
Xapo is looking for a Money Laundering Reporting Officer (MLRO) or Deputy MLRO to join our global team, reporting to Xapo’s Chief Compliance Officer.The MLRO will drive the implementation and management of compliance controls, processes and operations for Xapo’s Anti-Financial Crime (AFC) Program, including its Anti-Money Laundering/Counter-Terrorist Financing (AML/CTF) activities.
The MLRO/Deputy MLRO will work as an integral member of our global Compliance team, leveraging the broader organisation and resources to ensure that we maintain an effective AML/CTF program and meet all of our regulatory compliance obligations. This role will support the Chief Compliance Officer in the development and implementation of an 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 will be based in Gibraltar where Xapo holds its regulatory authorisations.
RESPONSIBILITIES
- Ability to be approved by relevant regulatory authorities to hold the official MLRO and/or Nominated Officer role(s) for Xapo’s regulated entities, if required.
- 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).
- Drafting Annual and Monthly Compliance Reports, and other such compliance reports as may be required.
- Maintain the AML Framework and AML policies and procedures to ensure the continued implementation of appropriate controls that reflect business and regulatory requirements.
- Oversee the AFC Compliance Monitoring Program comprised of daily, weekly, monthly and quarterly AFC compliance reviews.
- Facilitate risk-based Know Your Customer and Transaction Monitoring programmes to detect unusual activity and investigate and report suspicious activity in accordance to regulatory requirements, including the filing of Suspicious Activity Reports (SARs) and other such reports where appropriate.
- Planning, organization and execution of day-to-day operational activities and working with the business to remediate issues identified through testing and support.
- Execute a continuous improvement program driven by the outputs of Key Performance Indicators (KPIs) and Key Risk Indicators
- Independently investigating and acting on matters related to AFC compliance.
- Build relationships with relevant authorities, payment schemes, card networks and regulators to ensure we operate in accordance with the latest AFC good practices.
- Supporting regulatory inquiries, filings and reporting requirements, ensuring accurate responses and reporting to the Regulator and other Authorities.
- Coordinating efforts related to audits, reviews, and examinations.
- Work with Compliance and Business leads to provide strategic planning, organisational structure, focus areas, and quarterly goals and key results
- Conduct compliance review and analysis of new regulatory developments and maintain oversight of developments affecting business activities.
- Providing guidance, advice, and/or training and educational programs, to improve business understanding of related laws and regulatory requirements.
BASIC QUALIFICATIONS
- 8+ years of experience in banks, VASPs, complex financial services firms, or related e-money/payments industry with experience to operate at an MLRO or Deputy MLRO level
- Strong operational knowledge in building and running a sound AFC compliance program, with hands-on knowledge and an understanding of regulatory requirements for Gibraltar in accordance with global AFC standards.
- 5+ years of people management experience would be desirable.
- Ability to build collaborative working relations with peers, colleagues and with remote based teams with individuals at all levels of the organisation.
- Experience with AFC system implementation, configuration and management.
- Experience with data visualisation tools would be desirable.
- Crypto currency experience and AFC program management.
OTHER REQUIREMENTS
- A dedicated workspace.
- A reliable internet connection with the fastest speed possible in your area.
- Devices and other essential equipment that meet minimal technical specifications.
- Alignment with Our Values.
Why work for Xapo?
IMPACT GLOBALLY, WORK REMOTELY.
- Shape the Future: Improve lives through cutting-edge technology, work 100% remotely from anywhere in the world.
- Great work-life balance: Build amazing things with a balance of autonomy and collaborative teamwork. Set your own work schedule and make use of a flexible PTO plan when you need to recharge.
- Expect Excellence: Collaborate, learn, and grow with a high-performance team. Learn how you learn best - from books to conferences, you’ll get a yearly budget for your individual learning and development goals.
At Xapo, we prioritize consumer protection and adhere to regulatory requirements by ensuring that all Xapiens are accountable for upholding principles of fair treatment, transparency, and ethical conduct in their interactions with customers and stakeholders.
