Compliance Manager - Sanctions Strategy

Kraken

Kraken

Legal
Europe
Posted on Tuesday, January 30, 2024

Building the Future of Crypto

Our Krakenites are a world-class team with crypto conviction, united by our desire to discover and unlock the potential of crypto and blockchain technology.

What makes us different?

Kraken is a mission-focused company rooted in crypto values. As a Krakenite, you’ll join us on our mission to accelerate the global adoption of crypto, so that everyone can achieve financial freedom and inclusion. For over a decade, Kraken’s focus on our mission and crypto ethos has attracted many of the most talented crypto experts in the world.

Before you apply, please read the Kraken Culture page to learn more about our internal culture, values, and mission.

As a fully remote company, we have Krakenites in 60+ countries who speak over 50 languages. Krakenites are industry pioneers who develop premium crypto products for experienced traders, institutions, and newcomers to the space. Kraken is committed to industry-leading security, crypto education, and world-class client support through our products like Kraken Pro, Kraken NFT, and Kraken Futures.

Become a Krakenite and build the future of crypto!

Proof of work

The team

Kraken Global Sanctions Compliance team supports the Sanctions needs of Kraken and its global subsidiaries. The team is responsible for all things sanctions related, to include investigations, escalations, regulatory reporting, internal controls, testing, issue management and resolution, remediations, program enhancements, audit deliverables, governance, presentations, regulatory responses, new product reviews, risk analysis, review and maintenance of policies and procedures, as well as providing sanctions advisory and guidance to Kraken’s leadership and regional compliance officers. The team is growing and would love to hear from you!!

The opportunity

  • Design, Lead, Execute Sanctions Strategy for implementing systemic program enhancements, regulatory updates, optimizations and scaling, remediations and/or issue management.

  • Responsible for design, coordination, and (at times) execution of Sanctions reporting data, dashboards, and risk management data feeds.

  • Develop and carry out communication strategy with cross functional partners to ensure partners are provided transparent and timely updates with regards to Sanctions Strategy.

  • Identify & implement sanctions optimizations, increasing effectiveness & efficiency while meeting global regulatory rigor, and supporting virality & scaling.

  • Support leadership in performing deep rooted sanctions research in preparation for licensing applications, new products, regulatory updates, regulatory inquiries, audits, exams, launch readiness, etc.

  • Lead the business requirements documentation (BRD) process for Sanctions.

  • Own the Sanctions Controls Framework & Controls Inventory, its maintenance, testing, repairs, improvements.

  • Support Sanctions tuning and model validation exercises, led by Compliance Technology, coordinating across sanctions vertical and supporting as needed.

  • Work with the Compliance Technology team to develop, prioritize, and build out the Sanctions Controls roadmap.

  • Build department from the ground up; must be able to build, mentor, and lead a team as well as produce.

  • Present as needed to auditors, examiners, regulators, and executives.

  • Curiosity, navigate ambiguity, change agent, autonomous, team player, partnership, documentation, communication, vision, and follow through are key.

  • Thrive in a start-up like environment, navigating ambiguity, building relationships and collaborating.

Skills you should HODL

  • BA/BS or MA/MS degree in Information Systems, Computer Science, Business Analytics, Data Science, Statistics or related technical field

  • Expert knowledge of Compliance Systems pertaining to Sanctions Compliance & Sanctions Controls (e.g., name screening, transaction screening, IP blocking, sanctions evasion, geo controls circumvention, blockchain monitoring, etc.)

  • 5+ years experience leading Sanctions Strategy & Controls efforts

  • Deep Understanding of global Sanctions regulations (e.g., US, EU, UK, UN, etc.)

  • Must be able to build/lead team as well as work hard and produce

  • Perform detailed root cause analyses as needed

  • Support responses to regulatory requests, subpoenas, and/or VSDs

  • Ability to build relationships and collaborate effectively with colleagues across functions

  • Experience with SQL and similar tools (e.g., Python) to perform ad-hoc data analysis

  • Trustworthiness and ability to maintain confidential information

  • Ability to take ownership of your work product and consistently deliver results in a face-paced work environment

  • Strong organizational proficiency; ability to communicate horizontally and vertically

  • Strong communication and presentation skills, both verbal and written

  • Experienced responding and/or presenting to Regulators in the US and abroad.

  • Eye for presentation design and attention to detail.

  • Comfort with a high level of context switching and reprioritizing

  • Ability to work in a rapidly changing regulatory environment; fast paced; multi tasking

  • Team Player who appreciates feedback, solving problems, finding solutions, and learning

  • Experience with Global Operations

Nice-to-Haves

  • Experience reviewing Enforcement Actions and assessing and addressing sanctions risk with short and long term controls.

  • Experience reviewing Regulatory Sanctions updates, assessing risk, and planning controls enhancements.

  • Working knowledge of blockchain and cryptocurrencies

  • Experience managing sanctions systems for global organization

  • Knowledge of statistics

  • Multilingual

Location Tagging: #US #EU #LI-AN1 #LI-Remote #Canada

Building a better world of money

We’re Kraken. We empower everyone — from first-time traders to experienced pros — with new ways to transact and connect with crypto, so they can achieve true financial freedom and inclusion. We believe that crypto is a vehicle for change — a tool with the power to upend the unfair financial system in favor of something better, more inclusive, and made for the 21st-century. To reach our goals, we need a remarkable crew — a diverse and inclusive team of “Krakenites”, all working towards a shared mission: to accelerate the global adoption of crypto. If you’re excited to help us build a better world of money, we hope you’ll join us.

Before applying, find out more about our values, internal culture, and mission here.

Kraken is powered by people from around the world and we celebrate all Krakenites for their diverse talents, backgrounds, contributions and unique perspectives. We hire strictly based on merit, meaning we seek out the candidates with the right abilities, knowledge, and skills considered the most suitable for the job. We encourage you to apply for roles where you don't fully meet the listed requirements, especially if you're passionate or knowledgable about crypto!

As an equal opportunity employer, we don’t tolerate discrimination or harassment of any kind. Whether that’s based on race, ethnicity, age, gender identity, citizenship, religion, sexual orientation, disability, pregnancy, veteran status or any other protected characteristic as outlined by federal, state or local laws.

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