Business Unit Compliance Officer

Bachelor of Business Administration (Management)

Nationality: Any Nationality

Vacancy: 1 Vacancy

Job Description

Tether enables businesses including exchanges, wallets, payment processors, financial services, and ATMs to easily use reserve-backed tokens on blockchains. By leveraging blockchain technology, Tether allows you to store, send, and receive digital tokens person-to-person, globally, instantly, and securely for a fraction of the cost of alternatives. Tether's platform is built to prioritize transparency at all times.

Join Tether and Shape the Future of Digital Finance

At Tether, we’re not just building products; we’re pioneering a global financial revolution. Our cutting-edge solutions empower businesses from exchanges and wallets to payment processors and ATMs to seamlessly integrate reserve-backed tokens across blockchains. By harnessing the power of blockchain technology, Tether enables you to store, send, and receive digital tokens instantly, securely, and globally, all at a fraction of the cost. Transparency is the bedrock of everything we do, ensuring trust in every transaction.

Innovate with Tether

Tether Finance: Our innovative product suite features the world’s most trusted stablecoin, USDT, relied upon by hundreds of millions worldwide, alongside pioneering digital asset tokenization services.

Tether Power: Driving sustainable growth, our energy solutions optimize excess power for Bitcoin mining using eco-friendly practices in state-of-the-art, geo-diverse facilities.

Tether Data: Fueling breakthroughs in AI and peer-to-peer technology, we reduce infrastructure costs and enhance global communications with cutting-edge solutions like KEET, our flagship app that redefines secure and private data sharing.

Reporting Structure:

This position will report to the Chief Operating Officer (COO), with a dotted line to the Chief Compliance Officer (CCO).

Key Responsibilities:

• Lead and manage the Onboarding Team, providing guidance and oversight to ensure compliance with AML, CFT, CP, and sanctions regulations.
• Understand and evaluate the risks posed by customers, including their payment rails, banking relationships, and geographical locations, and develop strategies to mitigate these risks.
• Conduct thorough reviews of customer files, ensuring that know your customer (KYC), customer identification program (CIP), customer due diligence (CDD), and EDD procedures are effectively implemented and maintained.
• Stay current with regulatory changes, industry trends, and emerging risks related to AML, CFT, CP, and sanctions.
• Ensure compliance with the Bank Secrecy Act (BSA), Office of Foreign Assets Control (OFAC) sanctions, and Financial Crimes Enforcement Network (FinCEN) requirements.
• Collaborate with other departments, including Compliance, Legal, and Operations, to address and resolve AML-related issues and enhance the overall compliance framework.
• Serve as the primary touchpoint for Tether Business Development (BD) and Expansion teams, facilitating effective communication and collaboration.
• Liaise with non-regulatory third parties to assist with the onboarding of banks and financial institutions.
• Act as the main point of contact for VIP customers regarding onboarding and transfer processes, ensuring a seamless experience.
• Provide guidance on compliance matters for areas where Tether does not have direct regulatory responsibility, including support for initiatives such as Hadron and Estable.
• Offer strategic guidance to the Onboarding Team lead, enhancing team performance and compliance efficacy.
• Inform the business side (COO, CEO) about relevant compliance matters, ensuring alignment between compliance and business objectives.

Job Requirements:

• Bachelor’s degree in finance, business, criminal justice, or a related field.
• Advanced degrees or relevant certifications (e.g., CAMS) are preferred.
• Minimum of 5 years of experience in AML, CFT, CP, and sanctions compliance, with experience in a cryptocurrency company or traditional financial institution.
• Strong understanding of KYC, CIP, CDD, and EDD processes and best practices.
• Demonstrated experience in managing teams and training staff in AML risk management.
• Proven ability to conduct AML investigations and write clear, comprehensive SAR narratives.
• Deep knowledge of the Bank Secrecy Act, OFAC sanctions, and FinCEN requirements.
• Excellent analytical and critical thinking skills, with a strong attention to detail.
• Strong interpersonal and communication skills, with the ability to interact effectively with colleagues, regulators, and other stakeholders.
• Ability to work independently and collaboratively in a fast-paced, dynamic environment.