Compliance Officer

About Us:

Allocated Bullion Exchange (ABX)

Allocated Bullion Exchange (ABX) is the world's leading electronic institutional exchange for allocated physical precious metals. The ABX brings global trading, price discovery and clearing facilities into one standardised and secure online trading environment via our groundbreaking exchange trading platform, MetalDesk.

The exchange introduces a new centrally cleared, transparent, and cost-effective allocated exchange system and standard for the industry by offering precious metal market participants an exchange where they are able to trade, deliver, or store physical precious metal in 7 global locations. ABX gives market participants across the world direct access to one integrated and consolidated global wholesale bullion market. We have enhanced market efficiency, introduced inclusiveness and accessibility, and provided relevant real-time price discovery.

ABX has modernised, Globalised, & Integrated the precious metal markets by redefining the way physical bullion is traded. We connect all major global liquidity centres and break down the barriers to entry to the global wholesale market for all market participants.

Please note: This position is exclusively open to Malaysian citizens. Applications from candidates of other locations will not be considered and will be rejected at the screening stage. 

Roles & Responsibilities

This role will report to the Assistant Compliance Manager - Europe and work closely with business, technology, marketing, and legal teams to conduct compliance assessments and provide compliance and risk mitigation requirements for the organization.

This role will be responsible for daily compliance operations, including retail and corporate onboarding, screening, and conducting enhanced due diligence for business partners and clients in accordance with AML/CFT policies. Additionally, this role will monitor cryptocurrency-related transactions and alerts, assess potential risks, and ensure compliance with regulatory and internal requirements. 

This is an exciting opportunity for someone with a keen interest in Compliance who is looking to gain hands-on experience in a fast-paced and evolving industry. 

Risk management

• Proactively identifying and communicating deficiencies or gaps with regulatory compliance; providing guidance in the development of alternative solutions or implementation of corrective action.
• Conducting compliance risk assessment programs, e.g., Anti-Money Laundering ("AML") risk assessment and Privacy Risk assessment.
• Assisting in ensuring AML programs are in line with current industry best practices and both efficient and effective in terms of internal controls.
• Filing of internal SARs/STRs and others as required.
  
  

Operations

• Performing KYC ("know your customer") checks and Customer Due Diligence on new and existing clients in line with relevant regulatory and company standards
• Performing Due Diligence on complex corporate structures such as businesses, companies, trusts, and retirement funds
• Conducting an in-depth analysis of beneficial ownership structures
• Identify key risks posed by potential clients, including legal structure, industry sector, customer base, delivery channel, and/or reputation
• Undertaking individual identity verification checks
• Advise on, and escalate, higher risk relationships and reputation risks arising from CDD and customer screening.
• Reviewing hits on sanctions data and ruling out or escalating as appropriate
• Conducting ongoing monitoring, which includes periodic reviews and event trigger reviews of existing clients, and updating data accordingly
• Utilise Chainalysis and other blockchain analytics platforms (eg, Merklescience) to trace virtual asset movements, identify exposure to illicit sources, and support investigations
• Liaise directly with account executives to collect relevant information/documentation from clients and act as a Point of Reference for KYC-related queries
• Compliance review of the CDD and client screening function, such as ensuring that CDD processes meet policy standards and working with the Compliance Manager to manage risk.
• Maintain the Company's regulatory and compliance documents, which include, amongst other things, the Company's KYC and AML policies and procedures to ensure they are up-to-date and comply with the Company's as well as regulatory requirements.
• Provide full support on all regulatory and compliance matters, including periodic reporting and submissions to the Regulator.
• Other ad hoc matters as and when required, as set out by the Chief Compliance Officer.

Position Requirements

• Minimum 3 years of experience in compliance operations.
• Experience with the usage of and/or understanding of cryptocurrency, either professionally or personall,y is a plus
• Good understanding of AML/CFT, KYC compliance, compliance testing, and fraud detection/mitigation is a plus.
• Excellent verbal and written communication skills.
• Strong attention to detail and analytical skills.
• Ability to work independently and meet deadlines in a fast-paced environment.
• Strong organizational and problem-solving abilities.
• Ability to commit to working 2 p.m. - 11 p.m. MYT, including one permanent weekend day (e.g., Tuesday to Saturday or Sunday to Thursday).

Preferred Skills

• Experience in managing compliance programs for regulated e-payments, e-commerce, or related activities is a plus.
• Excellent relationship management skills, including the ability to interact with individuals at various levels, internal and external to the company.
• Demonstrated ability to function in a fast-paced, ambiguous environment while managing multiple and diverse responsibilities.
• Proven ability to develop and implement new business plans or change direction in a dynamic environment.
• Excellent judgment and decision-making skills; ability to analyze and respond to issues.

What We Offer:

• Flexible working arrangements
• Competitive salary
• Ongoing professional development
• Welcoming and supportive culture
• Diverse, global team