Director, Sanctions Compliance

Washington, DC
Jan 22, 2022
Jan 24, 2022
Full Time
Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currency and public blockchains for payments, commerce and financial applications worldwide. Circle platforms and products provide a suite of internet-native financial services for payments, treasury infrastructure and capital formation. Circle is also a principal developer of USD Coin (USDC), which has become the fastest growing dollar digital currency in the world. USDC has grown to over 40 billion in circulation and supported over $1.3 trillion in transactions in the past year. Circle's payments and treasury infrastructure services available through the Circle Account and APIs helps bridge the legacy financial system and digital currency and blockchain based finance. Circle's SeedInvest service brings internet-native fundraising and capital formation to startups and growth companies. Combined, Circle's suite of services helps companies to participate in a more open, global and inclusive financial system.What you'll be part of:With the mission "To raise global economic prosperity through the frictionless exchange of financial value," Circle was founded on the belief that the internet, blockchains and digital currency will rewire the global economic system, creating a fundamentally more open, inclusive, efficient and integrated world economy. We envision a global economy where people and businesses everywhere can more freely connect and transact with each other with new technologies for digital money and internet-native finance. We believe such a system can raise prosperity for people and companies everywhere. Our mission is powered by the values we espouse and which we expect all Circlers to respect. We are Multistakeholder, serving the needs of our customers, our shareholders, our employees and families, our local communities and our world. Furthermore, we are also Mindful, Driven by Excellence, and High Integrity.What you'll be responsible for:This role will oversee the development and management of Circle's Global Sanctions Compliance Program. As a key leader within the second line of defense Compliance team, you will be responsible for developing and implementing the requirements and standards for Circle's Sanctions programs.You will work with the business and compliance/risk peers to provide timely guidance and advice and ensure that the relevant controls are in place and maintained to comply with the relevant regulations in all the jurisdictions in which Circle operates. You will be responsible for establishing internal strategies, policies, procedures, processes related to monitoring and fostering awareness of sanctions regulatory requirements including assessing related sanctions risk exposure, overseeing the quality of sanctions control processes and setting global standards to manage and mitigate those sanctions risks and protect the business.We are seeking someone with a demonstrated history of successfully owning and managing large, complex program areas and engaging with cross-functional teams, and numerous stakeholders, directly and through influence. The ideal candidate has extensive experience managing sanctions compliance programs in large scale financial services/Fintech companies, including leveraging technological solutions to solving compliance issues.What you'll work on:Own the end-to-end global Sanctions program and strategy, including the development of policies, standards, and other procedural or guidance materials.Provide day-to-day guidance for designing global sanctions screening platforms and controls for Circle's services and all applicable global sanctions regulations.Plan, design, develop and test configurations for Sanction screening applications.Perform data analysis, design business requirements, understand emerging issues, perform estimation and verify implementation of new features and enhancements.Identify, assess, and advise on compliance risks and control enhancements to a variety of stakeholders and customers to mitigate risks related to AML and Sanctions.Provide advice to the businesses on an ongoing basis on new business initiatives, new products, and customer-related matters with respect to applicability of policies, resolution of potential red flags or other compliance escalations.Research, analyze and provide recommended remediation efforts on Action Plans for matters that present sanctions and/or reputational risk.Oversee control assessments and support the completion of company-wide Sanctions Risk Assessments.Staying current on key Sanctions regulatory changes, key enforcement actions and related industry trends.Assist regional Heads of Compliance in ensuring that all regulatory processes are scalable and remain compliant.Develop, monitor and report on a suite of KPIs / KRIs for various internal fora including Executive Leadership and Board-level reporting.Collaborate closely with the Compliance Operations team to operationalize the Sanctions Compliance program.Work closely with Legal, Product and other internal stakeholders to support license application processes across multiple regions.Present to regulators, examiners and auditors performing reviews of the Compliance program.You will aspire to our four core values:Multistakeholder - you have dedication and commitment to our customers, shareholders, employees and families and local communities.Mindful - you seek to be respectful, an active listener and to pay attention to detail.Driven by Excellence - you are driven by our mission and our passion for customer success which means you relentlessly pursue excellence, that you do not tolerate mediocrity and you work intensely to achieve your goals.High Integrity - you seek open and honest communication, and you hold yourself to very high moral and ethical standards. You reject manipulation, dishonesty and intolerance.What you'll bring to Circle:12+ years of relevant experience in compliance with deep specialization in managing Sanctions programs.5+ years of experience managing teams.Compliance experience in either banking, consulting, or cryptocurrency required. Experience in RegTech or Fintech companies is preferred.Proven experience with regulatory exams and presenting to examiners.Extensive knowledge of and experience with OFAC, UN, and other Global Sanctions regulatory guidanceExperience managing the configuration and performance of client and transaction sanction screening systemsFamiliarity with client screening and associated alert reviewsExperience working hands-on with other cross-functional team leaders, such as lawyers, engineers, product managers, data analysts, operations analysts in improving compliance processes and systems.Experience and comfort working in an ever changing industry and the flexibility to quickly react to changing demandsProficiency in Google Suite, Slack and Apple MacOS preferred.Experience/familiarity with Slack, Apple MacOS and GSuite.We are an equal opportunity employer and value diversity at Circle. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.