Head of Compliance (AML/CFT Officer)

Ripple is expanding its Global Compliance team and seeks to hire an experienced Head of Compliance (AML/CFT Officer) in its Singapore office. This role will be focused on building and leading the Singapore Compliance program and maintaining its digital payment token business activities.

Reporting to the  Vice President, Global Head of Compliance in the United States, you will oversee, implement and maintain the Financial Crime Compliance e.g., Anti money laundering (AML) and General Compliance programs in Singapore, work with the Global Compliance teams in the United States to execute controls that adequately comply with applicable regulatory requirements, work with business teams on compliance matters, respond to regulatory queries and act as the point of contact with regulators to represent Ripple on compliance matters.

What You’ll Do

• Drive strategy, framework and execution of Ripple Singapore’s Compliance program to ensure applicable regulatory requirements and risk requirements are being met comprehensively.
• Develop compliance risk assessments and draft/amend policies and procedures for new products, services and activities.
• Work collaboratively with cross functional partners, including Licensing, Legal, Policy, Finance to support regional license expansion initiatives (e.g., new regional applications or license amendment applications) by providing necessary compliance materials, addressing queries and coordinating regulatory responses.
• Be point of contact for the day to day implementation and execution of Compliance policies related to the Singapore region.
• Work closely with the Global Compliance team to carry out General Compliance and Financial Crime Compliance operations such as customer onboarding,  enhanced due diligence reviews, transaction monitoring, STR filing, sanctions screening, vendor reviews, business continuity etc.
• In coordination with the Global Compliance team:
  • Maintain and execute risk-based Know Your Customer (KYC), transaction monitoring (both on-chain and off-chain), watchlist screening, and regulatory reporting procedures.
  • Lead the end-to-end implementation of new compliance tools, draft model documents, and perform annual model validation of KYC, transaction monitoring and sanctions screening tools to detect unusual activity and investigate and report suspicious activity in accordance with regulatory requirements.
• Build relationships with relevant internal teams (product, sales, business development, customer success) to ensure that compliance queries are responded to in a timely manner and that such teams operate in accordance with the global compliance standards.
• Oversee annual QA review and internal audits, coordinate responses to third-party audits and regulatory queries, and lead remediation efforts of any resulting findings and/or corrective actions in a timely manner.
• Conduct annual risk assessments and make annual updates to policies, procedures, and other relevant program documents.
• Work with Compliance leads across various jurisdictions to provide strategic planning, organizational structure, and focus areas to meet quarterly goals and key results.
• Serve as the compliance Subject Matter Expert to the business,  actively communicating cross-functionally to identify compliance gaps, implement controls, provide recommendations, and oversee any resulting corrective actions and program enhancements.
• Prepare reports to the Global Head, senior management, and the Board of Directors to communicate all relevant compliance issues and escalate any important or high risk compliance issues.

What We’re Looking For

• 12+ years of relevant experience within a financial services/technology regulatory compliance role, law enforcement role, or government agency role with deep expertise in financial crimes compliance.
• 2+ years of people management experience.
• Experience with cryptocurrency AML and sanctions program management.
• Strong operational knowledge in building and running a sound compliance program, with hands-on knowledge and an understanding of regulatory requirements for Singapore.
• Proven ability to understand complex AML and sanctions risk and operational issues and develop practical and risk-based solutions.
• Ability to provide practical, strategic and business-oriented advice.
• Ability to effectively present on AML and sanctions topics to internal and external parties, including the Monetary Authority of Singapore.
• Proven ability to oversee multiple concurrent projects.
• Strong written and verbal communication skills; at ease communicating and presenting to senior management.
• Ability to work independently and collaboratively.
• Experience with technology and/or financial services companies.
• CAMS or other equivalent certification preferred.