itBit is part of the Paxos family, whose mission is to modernize finance by mobilizing assets at the speed of the internet. As a global exchange and custodian, itBit offers institutional and retail investors a regulated platform to buy, sell and hold crypto assets. In 2015, itBit obtained a New York State trust company charter and became the first regulated Bitcoin exchange in the U.S. A regulated financial services company based in New York City, itBit is focused on meeting the sophisticated needs of institutions, active traders and other crypto asset trading professionals.
Our Products include:
Paxos Standard (PAX) is the world’s first regulated crypto asset, fully collateralized 1:1 by the U.S. dollar. This stablecoin offers a liquid, digital alternative to cash that is available 24/7 for instantaneous transaction settlement around the world. Launched in September 2018, it’s the most traded USD-backed stablecoin.
itBit is a crypto-asset exchange with trading services including escrow, custody and OTC trading.
Precious Metals: Based in London, our precious metals team works on a broad suite of products to simplify precious metals post-trade confirmations. The team launched Paxos Confirmation Service earlier this year.
We are looking for a Compliance Associate to join our rapidly growing FinTech company. The Compliance Associate will be a results-oriented compliance professional who can drive compliance initiatives with regards to our regulatory obligations and be able to thrive in a high growth tech startup environment.
Who You Are:
You have 2-4 years of compliance experience under your belt
You have a fundamental understanding of local anti-money laundering and sanctions regulations.
You have experience with multiple Compliance functions, including transaction monitoring, client onboarding, KYC, SARs, etc
You have strong writing capabilities where deliverables are to be reviewed by regulators, auditors and law enforcement.
You are comfortable working in a fast-paced and tech-oriented environment within a global team setting.
Experience with Excel and data analytic tools is highly preferable.
What you’ll do:
You will execute all objectives of the entire Compliance program, including transaction monitoring and investigations, client onboarding and customer due diligence, SARs, sanctions screening, vendor management, training, etc.
You will effectively coordinate with business and operational teams through the client onboarding approval process to provide an optimal customer experience while maintaining our regulatory obligations with regards to customer identification.
You will actively partner with global functional teams to execute shared compliance-specific projects and responsibilities.
itBit is an equal opportunity employer. It does not discriminate on the basis of sex, age, color, race, religion, marital status, national origin, ancestry, sexual orientation, physical and mental disability, medical condition, genetic information, veteran status or any other basis protected by federal, state or local law.
Crypto asset trading involves a high degree of risk. The crypto asset market is new and unproven and may
not grow. Currently, there is relatively small use of crypto assets in the retail and commercial
marketplace in comparison to relatively large use by speculators, thus contributing to
price volatility that could adversely affect an investment in crypto assets. In order to
participate in the trading of crypto assets, you should be capable of evaluating the
merits and risks of the investment and be able to bear the economic risk of
losing your entire investment. No material at this site should be considered
as an offer by itBit to sell or solicitation by itBit of any offer to buy bitcoin or other crypto assets.