Compliance Analyst

ABOUT US

Localcoin, founded in 2017 with headquarters in Toronto, is on a mission to simplify the process and experience of buying or selling digital currencies globally. We envision bringing digital currency to the mainstream financial market through partnerships with leading corporate and franchised retail spaces. With terminals across Canada and Australia, Localcoin is now the largest Bitcoin ATM provider in Canada

At its core, Localcoin believes that everyone should be able to own cryptocurrency and have a deep understanding of blockchain technology. As a member of our rapidly growing team, you'll join a talented, dynamic group of team members who will encourage you to learn, grow and thrive in your career every step of the way.

If you're a self-starter looking to hone your skills in a startup environment that fosters innovation, transparency and team connectivity, we look forward to hearing from you THE ROLE

Localcoin’s Compliance Department is responsible for ensuring the company adheres to all regulatory requirements and obligations as a registered Money Service Business in Canada. The Compliance Department helps the business fulfill its regulatory compliance responsibilities while achieving its business goals. Together with the business, the Compliance Department works to reduce and mitigate regulatory risk, while protecting Localcoin’s users as well as the company’s reputation, all while helping Localcoin to succeed in its mission.

Reporting to the Chief Compliance Officer via the Compliance Manager, you will be joining a close knit team of Analysts whose main responsibility is monitoring and investigating customer transactions across the platform in Canada and filing necessary reports directly with the regulator. You will help maintain Localcoin’s adherence to Compliance Policies while working closely with and assisting numerous teams across the company as well as supporting external vendors, auditors and other counterparties as needed.

Bringing a keen interest in digital currency , a genuine passion for the regulatory landscape of the industry and a curiosity to dive into and analyse complex datasets all with an impeccable eye for detail will help you succeed and thrive in this role.

WHAT YOU’LL BE DOING

• Responsible for the maintenance of day-to-day operations of the Compliance Program and record keeping requirements
• Responsible for conducting multiple in depth financial crime investigations escalated through a number of channels and business units simultaneously
  • Utilizing various investigative tools and data points to compile a complete profile of known user information including a financial analysis of transactions, in both fiat and digital currencies;
  • Utilizing forensic blockchain investigative tools to accurately map users’ digital currency activity and analyse the results to determine and recommend an appropriate course of action;
  • Present completed financial crime investigations to Management and/or the CCO for comment and approval in order to execute the appropriate next steps such as the application of various EDD measures;
  • Ensuring that all investigations leverage a risk-based approach and are completed fairly, efficiently and with impartiality.
• Assisting with user identification (KYC) processes - interfacing with third party software, in-house processes, and providing assistance with verification requirements execution; Monitor user activity and provide oversight on the know your client obligations for Localcoin users, and partners:
  • Reviewing names and entities on name-screening software for decisioning, escalation, and potential reporting
  • Reviewing potential and existing users for AML/ATF Risk factors
  • Reviewing third party sites for information on the user ( i.e. negative news media);
  • Being a designated person for the documentation of regulatory threshold or suspicious activity reports, including; suspicious transaction alert review, decisioning for investigation, and recommendations to the CCO regarding reporting
  • Assisting with gathering performance metrics with respect to daily duties, including KYC, screening, monitoring, and reporting, for the CCO to prepare executive oversight reports

• Review and analysis of relevant financial services industry legislation/regulations and maintain up-to-date knowledge and understanding of Canadian regulations on money laundering, terrorist financing, sanctions and in digital currency
• Collaborate Internally to assist in conducting compliance self-assessments, complete periodic compliance reviews, aide with external audits (including regulatory), and work on special-projects as assigned by Management and the CCO
• Support, research and provide documented analysis on compliance issues as requested by Management and the CCO
• Support co-workers in operational teams, while providing assistance, guidance and training as needed (i.e. Operations, CSRs)

WHAT WE’RE LOOKING FOR

• 1-3 Years experience working in the Compliance, Fin-Tech or Financial Services industry
• 2-5 Years experience in data input or data analysis
• Expertise in Microsoft Excel
• Proficiency of various Google Suite products
• Working knowledge of case management programs such as JIRA
• Understanding of various query languages such as SQL/JQL
• Intermediate programming skills
• Working knowledge of Canadian AML Laws, Regulations & Guidelines (FINTRAC)
• Strong ability to quickly and accurately identify various red flag indicators with little to no information
• Impressive communication skills with the ability to write complicated and concise financial crime investigations
• Experience analyzing large, complex datasets to formulate data driven results with the ability to identify patterns and/or trends as well as recognizing gaps
• Extremely high attention to detail with the ability to think strategically to solve intricate problems
• Inquisitive mind with a keen interest in digging into the details to fully understand a situation
• Experience filing regulatory reports with, such as STRs (use of F2R and automated systems for batch and/or API file reporting)
• Ability to collaborate with and communicate Compliance requirements across departments
• Strong sense of autonomy and ability to manage numerous complex tasks effectively while taking ownership and responsibility for assigned work
• Ability to be flexible and quickly adapt to new requirements, procedures, and challenges as they arise
• Ability to provide advice/guidance to various internal departments as well as outside parties on Compliance requirements

NICE TO HAVE

• Professional designations (or working towards) are an asset such as CAMS, CFCS, CBP, CCI
• Understanding of or experience using various Blockchain analytic tools such as Chainalysis, Elliptic and/or TRM Labs
• Working knowledge of various global AML laws, regulations and best practices (i.e. MICA, FATF etc)

WHAT YOU’LL LOVE ABOUT US

• Health & Wellness Benefits
• Competitive Salary
• Hybrid & Flexible Office Environment
• Professional Development
• Standups, Demos and Monthly Socials to keep us aligned and connected
• And so much more

Localcoin is committed to building a team that represents a variety of backgrounds, perspectives and skills. The more inclusive and diverse we are, the more our work will improve. If you're determined and great at what you do, come as you are.

If you require accommodation at any stage throughout the recruitment process, please notify your talent team or send an email to careers@localcoinatm.com