K2 Integrity is looking for an associate for our growing virtual asset and FinTech advisory services area within the Financial Crimes Risk Management (FCRM) practice. The Associate will work closely with the Managing Directors on a variety of financial crimes issues, including anti-money laundering and combating the financing of terrorism (AML/CFT), sanctions and Office of Foreign Assets Control (OFAC) compliance, anti-bribery and corruption (ABC), and anti-fraud. Our expanding client base in this area includes virtual asset services providers (VASPs), such as cryptocurrency exchanges and wallet providers, as well as FinTechs, payment processors, innovative financial institutions looking to engage with the virtual assets sector or provide accounts to VASPs and FinTechs, and foreign governments developing their licensing and regulatory regimes for virtual assets and VASPs. Our diverse projects include risk assessments, monitorships, investigations, advisory services, interfacing with regulatory authorities, and substantive training. Associates closely follow the evolution of related regulatory developments in the virtual asset space, including those from global standards such as the Financial Action Task Force (FATF) as well as authorities in the United States and other key jurisdictions.
The ideal candidate will have experience with U.S. (e.g., Bank Secrecy Act, Anti-Money Laundering Act, USA PATRIOT Act, and Foreign Corrupt Practices Act), and international AML/CFT and ABC regimes, including the UK and EU regimes, as well as global standards from organizations such as the FATF and the Wolfsberg Group. The ideal candidate will also possess strong writing and editing skills, with the ability to understand financial crimes compliance risks and recommend mitigation strategies. Candidates should also excel at identifying and advising clients about gaps in their existing compliance programs or—in the case of government clients—compliance-related laws, regulations, and supervisory frameworks. Additionally, candidate should be comfortable with public speaking as this role may be called upon to act as a faculty member in K2 Integrity’s ongoing training services or to participate in webinars or industry events.
- Develop, draft, and review AML/CFT, ABC, and anti-fraud policies and procedures for our clients in the virtual asset space to ensure consistency with legal obligations and regulatory expectations.
- Work with directors and managing directors to design and implement qualitative and quantitative financial crimes compliance risk assessment methodologies and provide advice about risk-mitigation strategies for our clients in the virtual asset space.
- Work with directors and managing directors to review and provide recommendations about transaction monitoring and suspicious activity investigation for our clients in the virtual assets space.
- Develop, draft, and review AML/CFT, ABC, and anti-fraud laws, regulations and supervisory frameworks and help foreign government clients prepare for international evaluations related to these topics.
- Conduct AML, ABC, and anti-fraud trainings for our clients in the virtual asset space.
- Track and draft client alerts and other thought leadership pieces about emerging issues and new developments on topics related to U.S. and international AML/CFT, ABC, and fraud-related laws and regulations in the virtual asset and cryptocurrency spaces.
- Collaborate with cross-functional teams to improve and develop new processes and to ensure efforts are efficient and synchronized across all channels.
- Use a high level of independent judgment to solve problems, escalating issues to senior management as necessary.
- Cultivate relationships with new and existing clients for continued business development.
- Support client engagement and business development efforts.
- Bachelor’s degree required.
- Minimum one to three years of professional experience in AML/CFT, ABC, or anti-fraud compliance, either at a cryptocurrency exchange, wallet provider, FinTech or payments company using Blockchain technology. Alternatively, candidates could substitute equivalent experience at a bank, consulting firm, law firm, or government agency working specifically on virtual asset compliance.
- Subject-matter expertise in U.S. and international laws, regulations, and standards for AML/CFT, ABC, and anti-fraud.
- Superior research, writing, and editing skills.
- Specialized experience with conducting quantitative risk assessments or transaction monitoring related to virtual assets or VASPs preferred.
- Prior training experience preferred.
- Excellent analytical and organizational skills, with a high level of attention to detail.
- High levels of professionalism, and self-motivation together with a sense of urgency.
- Exceptional ability to multi-task, prioritize projects, and meet deadlines with efficiency.
- Proficiency in Microsoft Office and/or experience in using other database applications.
- Ability to travel as needed.