Chief Compliance Officer at Paxful Inc.

Chief Compliance Officer

Paxful Inc.
New York City
Posted 647 days ago

About Us:
Paxful is the world’s largest Peer-to-Peer Bitcoin Marketplace and a universal money translator. Our mission is to enhance social justice through financial freedom worldwide. Powered by people and blockchain technology, not big banks, we offer support for a payment system that empowers merchants and ecommerce shoppers. This opens up a new market of 2 billion people who have no access to banking services, but do have the ability to buy bitcoin via one of the 300+ payment methods enabled by Paxful.

Paxful was founded in 2015, and has an established headquarters in Estonia, with additional offices in Philippines and Hong Kong. Due to rapid growth in the past year, we have recently opened a new office in NYC. Paxful is entirely bootstrapped, and we plan to continually expand to markets around the world.

We are currently establishing our Legal team, and are looking for a motivated and open-minded individual who thrives in a startup environment. We have a unique office culture that embraces autonomy and gives you the freedom to grow in your role.

Role Description:
A primary part of this position is to monitor and ensure the successful implementation of our AML policy and KYC program. This involves monitoring the platform for malicious, fraudulent, and illegal activity. A proactive approach should be taken here which aims to prevent such activity in the first place. Other essential parts of this role include: anticipating the needs of a dynamic and innovative business, collaborating with cross-functional teams to design data-driven solutions, and adapting to shifting priorities across multiple projects. As the chief compliance officer you will assume ultimate responsibility for ensuring that the company conducts its business in compliance with applicable laws and regulations. Lastly, our ideal candidate is a dynamic and driven professional, who sees the potential of bitcoin and has a genuine interest in cryptocurrency.

As the Chief Compliance Officer, you will:
Draft and revise company policies to ensure that all internal processes and procedures are adequately documented and remain compliant with all applicable policies, laws, and regulations at all times.
Successfully monitor compliance and requirements regarding KYC, AML, and data protection and ensure that risks are mitigated.
Provide legal advice to management in regards to corporate activities, regulatory issues, risks and compliance.
Prepare and maintain records required to demonstrate data protection compliance.
Perform ongoing risk assessment and evaluations, analyze risks as well as identify, document, and quantify the current and future risks.
Educate and train employees on regulations and compliance best practices, raising overall compliance and risk awareness within the business. Be the point person for questions and concerns related to compliance.
Communicate and negotiate with external parties (regulators, external counsel, public authority, etc.), and build trusting relationships.
Partner with the General Counsel when working with the preparation of disclosure documents, leveraged finance arrangements, international transactions, corporate formation, etc.
Stay abreast of current trends in the cryptocurrency industry.
Perform other duties as assigned.

Basic Qualifications:
Minimum of 7 years of experience in a law or financial firm.
A Bachelor’s degree in finance, law or related field, advanced degree preferred.
Proven experience in dealing with compliance, risk management, fraud and regulatory matters in a similar role.
Excellent written and verbal communication skills with the ability to explain complex compliance and regulatory issues to other stakeholders and teams in a clear and concise way. Ability to tailor messaging to a broad set of audiences from varied professional, cultural, and technical backgrounds.
Strong interest in blockchain, cryptocurrency and related financial technologies.
Ability to work in a fast paced environment, handle ambiguity, and shifting priorities.

Preferred Qualifications:
Enterprise experience.
A JD or LLM from a leading accredited U.S. law school
Experience working in the cryptocurrency industry in a relevant role.

Accessible office in the Financial District
Flexible hours
Competitive salary, with the option of payment in bitcoin
Premium covered healthcare insurance, including dental and vision
Catered lunch and dinner daily
Gym membership of your choice
Sponsored sports nutrition and health-related activities
Paid maternity/paternity leave including a special one-time bonus to support newborn
Commuter benefits
Training and professional development resources
Paid company retreats


compliance, AML/KYC, regulatory



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