Money Laundering Reporting Officer, MLRO

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VALR

WebsiteLinkedInAll Job Openings

51 - 200 employees

Founded 2018

₿ Crypto

💳 Fintech

💸 Finance

💰 $50M Series B - VALR on 2022-03

Crypto • Fintech • Finance

VALR is a global cryptocurrency exchange headquartered and licensed in South Africa that provides a secure, high-performance trading platform for retail and professional traders. VALR enables users to buy, sell, store, stake and transact cryptocurrencies including Bitcoin, Ethereum and Solana via mobile app and web, and supports deeply liquid spot, spot margin and perpetual futures markets. The company offers yield products (liquid staking), institutional-grade APIs with real-time and historical market data and governance features, fiat on/off-ramps (including ZAR and USD), automated KYC/AML onboarding, and 18-hour customer support for retail and private technical channels for corporate clients. VALR has secured $55 million in equity funding from investors such as Pantera Capital, Coinbase Ventures and F-Prime, and serves over 990,000 users and 1,100 corporate and institutional clients globally.

📋 Description

• - Develop, implement, and maintain the company’s AML/CTF/CPF policies and procedures in accordance with the PMLA, the PMLR’s, as well as the FRC Implementing Procedures, and other relevant regulations. • - Submit Suspicious Transaction Reports (STRs) and Cash Transaction Reports (CTRs) to the FRC within the required timelines. • - Work with management and staff to ensure the business implements and maintains appropriate systems and controls to meet AML/CTF/CPF requirements. • - Lead the preparation and coordination of responses to requests submitted by regulatory authorities. • - Maintain records of internal and external reports, take subsequent action and maintain records of reasons for submission / non-submission. • - Act as a central point of contact with the relevant AML regulators. • - Receive and investigate internal suspicious reports and report external suspicious activity. • - Liaise and collaborate with other teams to prepare the data required for the submission of reports requested by regulators. • - Ensure compliance with local AML/CTF/CPF laws and regulations. • - Maintain and implement an AML/CTF/CPF training programme and ensure that the relevant VALR employees are adequately trained. • - Periodic reporting to VALR Kenya’s Board, Chief Compliance Officer and Country Head, including status updates on the AML/CTF/CPF risks, controls, and any gaps to be addressed. • - Liaise with and respond to information requests from regulators, law enforcement agencies, and FRC. • - Collaborate with internal teams (legal, compliance, risk, and operations) to enhance AML/CTF/CPF controls. • - Advise senior management on AML and financial crime compliance risks and recommend mitigating measures. • - Perform any other duties and responsibilities required to ensure that VALR Europe is compliant with applicable AML/CTF/CPF regulations. • - Any other MLRO compliance-related duties as mandated by law or required by the business from time to time.

🎯 Requirements

• - Minimum of 5 years of experience handling AML/CTF/CPF matters and MLRO experience is required, preferably within the financial services or cryptocurrency sectors. • - Familiarity with GoAML and Chainalysis (or similar cryptocurrency tracing software) is a plus. • - Experience in the Kenyan AML/CFT/CPF framework, including working with the Proceeds of Crime and Anti-Money Laundering Act (POCAMLA), the Prevention of Terrorism Act (POTA), relevant AML/CFT/CPF Regulations and Guidelines issued by the Financial Reporting Centre (FRC), and sector-specific requirements issued by regulators such as the Central Bank of Kenya (CBK). Experience with digital assets, virtual asset service providers (VASPs), and emerging regulatory frameworks for crypto-assets. • - Prior experience in a leading financial institution, crypto asset service provider or payment service provider is highly preferred. • - Kenyan citizenship, permanent residency, or the legal right to work in Kenya is required. • - Strong AML/CTF/CPF regulatory compliance focus, with the ability to manage complex financial crime issues effectively. • - Solid experience in financial crime compliance management, with a practical, solution-oriented approach. • - Passion for cryptocurrency and/or alternative financial systems, with up-to-date industry knowledge.

🏖️ Benefits

• - Innovative Work Environment • - Engage with the latest blockchain technologies and tools in a rapidly evolving industry. • - Work from anywhere with secure, stable internet connectivity, allowing you to create your ideal workspace. • - Career Development • - Benefit from an annual professional development allowance alongside scheduled company training sessions to keep you at the forefront of the crypto industry. • - Competitive Compensation • - Competitive salaries that align with industry standards. • - When you contribute to our success, you’ll be rewarded with discretionary bonuses, recognising your impact on VALR’s growth. • - Receive preferential Tier 5 trading fees on VALR, with no monthly trading volume required. • - Diversity and Inclusion • - A commitment to fostering a diverse workforce with initiatives that promote equity and belonging. • - Wellness • - Employees are encouraged to strive for coherent and wholesome lives, fulfilling their work, personal, social, physical and spiritual goals to the best of their abilities. • - Compliance with statutory leave required by individual countries, in addition to flexible leave options. • - Enjoy lunch on us when working from our Johannesburg Head Office, one of the ways we support wellbeing and connection in the workplace. • - Impact and Contribution • - At VALR, we believe in a financial system that recognises the oneness of humanity. Our mission is to break down financial barriers and promote universal values of courage, ethical integrity, and the intrinsic worth of every individual. • - Engage in initiatives that promote education and awareness about cryptocurrencies, ensuring that everyone has the tools and knowledge to participate in the evolving financial landscape. • - Dynamic Team Culture • - Open communication and teamwork across departments, fostering innovation and creativity. • - Enjoy social gatherings outside of work to strengthen team bonds and boost morale. • - Global Exposure • - Work with colleagues from around the world. • - Exposure to diverse perspectives and practices in the crypto space. • - Recognition and Rewards • - Regular acknowledgement of employee accomplishments, fostering a culture of appreciation and motivation. • - Join us for retreats that blend professional development with team bonding in inspiring locations. • - Tools for Success • - Receive a Mac laptop and a discretionary allowance to purchase all the extras needed for a productive home office—yours to keep after three years (terms and conditions apply).