Compliance Officer/MLRO (VARA)

About Liminal

Liminal is a compliant and insured digital asset custody and wallet infrastructure provider. Launched in April 2021, Liminal Custody is a CCSS Level 3, SOC Type 2, and ISO 27001 & 27701 certified organization. Based in Singapore, Liminal has operations spread across APAC, MENA, and Europe, along with offices in Singapore, India, and UAE. The company has received an FSP license from FSRA in ADGM and initial approval from VARA. Liminal takes pride in supporting businesses with its qualified and insured custody (self and institutional) that enables stress-free safekeeping of digital assets for institutions. It also provides a cutting-edge wallet infrastructure platform that is secure, compliant, and automated and comes with a plug-and-play architecture for faster onboarding of developers, business partners, and government agencies.

Liminal is founded by Mahin Gupta (LinkedIn), who previously co-founded ZebPay - one of India's largest crypto exchanges. The entire founding team at Liminal has extensive experience in designing and developing secure wallet architectures with operational efficiencies. Liminal is incorporated in Singapore and has operations across the globe.

Our website - https://www.liminalcustody.com/

Our Blogs - https://www.liminalcustody.com/blog/

Job Summary: The Compliance Officer/ MLRO will be responsible for operations of compliance functions of Liminal from Financial markets perspective, with a specific focus on transaction monitoring, customer onboarding and report(s) preparation. This role requires a comprehensive understanding of financial regulations, AML/CFT Laws of the country, and the ability to ensure Liminal's adherence to these requirements.

Responsibilities

Regulatory Compliance:

• Monitor and interpret financial regulations of the country applicable to ensure Liminal's adherence to all the regulatory reporting requirements.
• Conduct regular assessments to identify areas of non compliance and develop corrective action plans.
• Develop, implement and manage Liminal's AML program in accordance with VARA Guidelines.
• Conduct regular risk assessments and update AML policies to address emerging risks.

• Collaborate with relevant departments to develop and update policies and procedures in accordance with applicable guidelines.
• Understand risk based approach to compliance plan in an ever evolving business environment.

• Customer onboarding as per the laid down procedures of Liminal. Ensuring compliance to the defined SOP in terms of checks and documentation.
• Transaction monitoring (both pre and post) of KYT and ongoing and periodic transaction monitoring to check for any suspicious transactions and patterns.

• Prepare and submit regular reports to the regulators highlighting Liminal's compliance status.
• Maintain comprehensive documentation of compliance and AML activities and reports for both internal and external audits.
• Establish procedures for the identification and reporting of suspicious activities.
• Coordinate with relevant authorities and submit a timely Suspicious Activity Report (SAR) when necessary.

• Implement monitoring and testing procedures to ensure ongoing compliance and AML programs.
• Conduct periodic internal audits to identify and rectify compliance issues.

• Bachelor's degree in Business, Finance, Law or a related field.
• Professional certifications such as CAMS would be advantageous.
• Proven experience of 5 to 6 years in a compliance role within a financial services firm in a regulated environment.
• In-depth knowledge of AML/CFT regulations and financial industry compliance standards.
• Proven experience in onboarding tools (both KYB and KYC) and Transaction monitoring tools (both pre and post).
• Experience in Virtual Assets/Digital Assets domain of custody operations.
• Strong analytical and problem solving skills.
• Excellent communication and interpersonal skills.

• Attention to details and accuracy.
• Ability to work independently and collaboratively.
• Strong organizational and time management skills.
• Ethical and principled approach to compliance.