Principal Officer (PMLA Compliances)

Job Summary:

BitGo is a prominent industry leader providing digital asset infrastructure solutions, including custody, wallets, staking, trading, financing, and settlement services. Since establishment in 2013, our primary focus has been to assist clients in navigating the digital asset realm securely. With a global presence and multiple Trust companies, BitGo caters to thousands of institutions, including well-known brands, exchanges, and platforms, along with millions of retail investors globally. Acting as a vital operational core of the digital economy, BitGo manages a significant portion of Bitcoin network transactions and is recognized as the largest independent digital asset custodian and staking provider worldwide.

We are seeking a skilled Principal Compliance Officer to oversee and ensure full adherence to PMLA laws within our operations. This individual will be responsible for implementing and sustaining effective AML/KYC policies, procedures, and controls to uphold compliance with all relevant regulatory stipulations and serve as the key point of contact for regulatory entities.

Responsibilities:

• Ensure operational compliance with PMLA, 2002, PML Rules, and VDA AML guidelines.
• Establish robust AML and CFT systems and controls to meet regulatory expectations.
• Maintain an efficient transaction monitoring system to identify potentially suspicious transactions on the platform, including submitting Suspicious Action/Transaction Reports to the Indian FIU as needed.
• Stay updated with developments in pertinent legislation (Indian AML/CFT Regulations, FATF, etc.) and provide timely guidance, considering both domestic and international implications.
• Supervise the implementation of suitable AML and CFT policies and procedures, incorporating a risk-based approach. Act as the primary liaison with FIU-India as required.
• Ensure that AML and CFT requirements are integrated into new product development or service changes.
• Serve as the key intermediary for all AML and compliance-related interactions between the VDA service provider and regulatory entities, auditors, and law enforcement.
• Maintain a close working rapport with senior management, offering advice on potential compliance risks and matters.

Requirements:

• Possess a minimum of 5 years of experience in a compliance or risk management role.
• Proficient understanding of PMLA regulations as they pertain to digital assets and cryptocurrency platforms.
• Strong grasp of financial crime prevention concepts, encompassing AML, KYC, CDD, EDD, and sanctions screening.
• Ability to effectively manage regulatory inquiries and audits, collaborating with external regulators and auditors proficiently.
• Excellent communication skills to convey complex regulatory requirements clearly to internal teams and external stakeholders.
• Capability to function in a fast-paced, ever-evolving environment and juggle competing priorities efficiently.
• Strong problem-solving abilities and meticulous attention to detail.

Why Choose BitGo?

Embracing a new model means having vision, innovation, dedication, technical expertise, drive, collaboration, and execution. Join a team of exceptional individuals who strive for excellence and embody our core values of ownership, craftsmanship, and transparent communication. We seek new team members who bring fresh thinking, innovative problem-solving approaches, and are willing to take risks to be part of the team reshaping the global financial markets.

Respective Benefits:

• Competitive salary
• IT equipment support
• Meal and transport allowances
• Medical Insurance coverage
• Attractive well-being allowance covering medical, wellness, and fitness aspects
• Complimentary snacks at the Bangalore office
• Opportunity to learn and grow within a talented workforce

The financial services domain is experiencing one of the most disruptive transformations with cryptocurrencies. Join us and be able to reflect back, being part of the team that revolutionized investment practices.

Note: This position necessitates onsite work (Monday to Friday) at the Bangalore office.