Compliance Head, MLRO

This is a fully remote position, open to applicants in Indonesia.

📋 Description

• Act as the main liaison with relevant regulatory authorities.

• Ensure the organization complies with governance requirements, including fit and proper obligations for Approved and Designated Persons.

• Monitor and analyze regulatory changes related to virtual assets, providing insights to senior management and the Board.

• Develop, implement, and sustain a thorough compliance framework that aligns with local regulations, FATF recommendations, and international best practices for VASPs.

• Create, review, and revise policies and procedures encompassing AML/CFT, KYC, CDD, EDD, transaction monitoring, sanctions screening, data protection, cybersecurity compliance, and the safeguarding of client assets.

• Establish and manage the compliance monitoring program, which includes periodic testing, gap analysis, and reporting.

• Compile and present regular compliance reports to the Board and relevant committees.

• Incorporate compliance considerations into the design and operations of new products using a risk-based approach.

• Evaluate technical documentation, user journeys, and product flows for compliance risks, offering actionable recommendations throughout the product lifecycle.

• Develop and scale compliance policies for advertising, social media campaigns, influencer partnerships, and product launches.

• Collaborate with Legal, Product, and Marketing teams to implement review processes for client-facing materials and go-to-market assets.

• Serve as the designated MLRO with statutory responsibilities for the AML/CFT framework.

• Receive, review, and assess internal Suspicious Transaction Reports, determining the necessity for external disclosures to local authorities.

• Oversee and enhance transaction monitoring efforts.

• Ensure sanctions screening against OFAC, UK OFSI, UN, EU, and applicable local sanctions lists.

• Supervise customer risk scoring, risk-based KYC/CDD, and enhanced due diligence for high-risk customers, PEPs, and individuals from high-risk jurisdictions.

• Provide compliance insights on new products, services, partnerships, and business initiatives as a member of the senior leadership team.

• Promote a compliance-oriented culture through training, communications, and leadership initiatives.

• Design and execute AML/CFT and compliance training programs while maintaining completion records.

• Advise the Board on staffing, systems, and budget needs for compliance purposes.

• Create and maintain a compliance manual and risk register; oversee the escalation and resolution of compliance incidents and breaches.

• Prepare and submit regulatory reports and notifications within required timeframes.

• Maintain compliance records, SAR documentation, KYC files, and transaction monitoring records in accordance with retention policies.

• Assist with inspections, supervisory visits, and regulatory examinations.

⛳️ Requirements

• Bachelor's degree in Law, Finance, Business, or a related discipline. A postgraduate qualification is beneficial.

• Professional certification in compliance or AML is highly preferred (e.g. CAMS, ICA Certificate/Diploma in AML or Compliance, CFE, or equivalent).

• At least 8 years of experience in compliance, AML, or financial crime prevention, with a minimum of 3 years in a senior or leadership compliance position.

• Proven in-house experience within virtual asset service providers (VASPs), cryptocurrency exchanges, fintech companies, or regulated financial institutions.

• Previous experience as an MLRO or Deputy MLRO is highly desirable.

• Experience in direct engagement with financial regulators and the financial intelligence unit.

• Significant advantage for those with hands-on experience in building compliance programs from the ground up in a startup or scaling environment.

• Strong familiarity with the regional regulatory framework and requirements is preferred.

• Comprehensive understanding of FATF Recommendations and their implications for virtual asset service providers, including the Travel Rule (FATF Recommendation 16).

• Solid knowledge of crypto-specific AML typologies.

• Experience with blockchain analytics and transaction monitoring tools (e.g. Chainalysis, Elliptic, TRM Labs, or equivalent).

• Exceptional written and verbal communication skills in English and Bahasa Indonesia.

• Strong analytical and investigative skills with the ability to clearly identify and articulate complex risk scenarios.

• Proven ability to engage constructively with regulators, external auditors, and law enforcement agencies.

• High degree of personal integrity and sound professional judgment.

• Subject to fit and proper assessment as part of the licensing process.

• Must be willing to undergo background checks and provide regulatory questionnaires, CVs, references, and proof of relevant qualifications.

• Prior enforcement history, regulatory sanctions, or unexplained gaps in professional history may impact eligibility.

🏝️ Benefits

• Competitive total compensation package

• L&D programs and education subsidies to foster employee growth and development

• Various team-building initiatives and company events

• More that we would love to share with you throughout the process!