Coinbase has built the world's leading compliant cryptocurrency platform serving over 30 million accounts in more than 100 countries. With multiple successful products, and our vocal advocacy for blockchain technology, we have played a major part in mainstream awareness and adoption of cryptocurrency. We are proud to offer an entire suite of products that are helping build the cryptoeconomy, and increase economic freedom around the world.

There are a few things we look for across all hires we make at Coinbase, regardless of role or team. First, we assess whether a candidate demonstrates our values: Clear Communication, Positive Energy, Efficient Execution, and Continuous Learning. Second, we look for signals that a candidate will thrive in a culture like ours, where we default to trust, embrace feedback, disrupt ourselves, and expect sustained high performance because we play as a championship team. Finally, we seek people with the desire and capacity to build and share expertise in the frontier technologies of crypto and blockchain, in whatever way is most relevant to their role.

Read more about our values and culture here.

The Director of AML Compliance will operate under delegated authority from the Board and have overall responsibility for the establishment and maintenance of effective anti-money laundering (AML) and counter-terrorist financing (CTF) systems and controls. The Director of AML Compliance will be formally appointed by the Board and will report to a member of the Senior Compliance leadership team. This person will be based in the SF office. This person will manage the Financial Crimes team which includes oversight of investigations, SAR filings, KYC policy and  Law Enforcement and regulatory interaction.

What you’ll be doing (ie. job duties):

Governance, e.g., policies and procedures, internal controls, training etc.

  • Establish new, and enhancing current AML and CTF systems and controls.
  • Maintain and develop a risk based approach to AML and CTF arrangements, including carrying out regular assessments of the adequacy of systems and controls to ensure that risks are managed effectively.
  • Oversee the implementation of appropriate AML and CTF policies and procedures, while applying the risk-based approach.
  • Establish the level of resources required to appropriately execute on, and operationalize AML and CTF policies and procedures.
  • Review the output from the suspicious activity monitoring processes.
  • Ensure AML and CTF requirements are considered as part of the development of new products, or service changes.
  • Ensure that policies and procedures are current and accurately documented in the AML Manual available to all staff and used to guide training.
  • Maintain relevance of the AML systems in light of the changing threat and/or regulatory landscape, as applicable.
  • Ensure that relevant staff are provided with AML and CTF training appropriate for their position (frequency and content) and that all new staff receive training within the specified period. Ensure that training materials remain up-to-date and relevant to the business.

Reporting

  • Obtain board approval for significant process or operational changes.
  • Ensure the Board is kept informed of money laundering risks posed by business activities, and how these are managed and mitigated.
  • Report to the Board on a regular basis detailing the operational  effectiveness of the systems and controls used to combat financial crime.
  • Documenting and ensuring that any actions recommended by the Board are implemented.

Interactions with regulatory bodies and regulatory change

  • Arrange and assist with regulatory visits, third party and internal audit inspections.
  • Stay abreast of  developments in applicable legislation and guidance (domestic and international where applicable to current or potential business activities).
  • Collaborate with partners across the  business to ensure policies are updated to meet changing regulatory and business requirements.
  • Maintain up to date AML documentation.
  • Report suspicious activity
  • Internal SARS:
  • Using all available resources,  maintain an internal reporting process for receiving, investigating, and reporting to FinCEN internal Suspicious Activity Reports (SARs) where required, i.e., where an internal report gives rise to knowledge or suspicion or reasonable grounds for knowledge or suspicion.
  • Document  reasons for not submitting an external SAR to FinCEN where an internal report has been made, considered and deemed not to be suspicious.
  • Ensure relevant records are retained as prescribed by applicable laws and regulations
  • Where required,  serve as main point of contact for law enforcement officials.

What we look for in you (ie. job requirements):

The emphasis of this position is on developing, operating and maintaining systems and controls to prevent the Coinbase’s products and services being used for the purposes of financial crime and to meet reporting requirements.

  • Minimum 7 years of experience in financial and/or compliance related business functions.
  • Experience in developing and administering internal controls and processes.
  • Ability to work collaboratively across  a broad range of business functions, particularly senior management, is essential.
  • Demonstrated ability to work with diverse groups of people
  • A willingness to take personal legal responsibility for the prevention of financial crime is essential.
  • Professional compliance, or financial qualification, and membership of a recognized professional body, would be advantageous but not a prerequisite.

4 biggest commitments

  • Expertise: leader when it comes to AML/BSA requirements in the US and broad knowledge globally
  • Leadership: voice concerns, challenges, and roadmap for Coinbase
  • Execution: ability to roll up their sleeves and execute on a plan
  • Management: ability to manage a large and growing Financial Crimes department, inclusive of ( KYC, Investigations, Policy standards, SAR filings, Regulatory interaction.

Coinbase is committed to diversity in its workforce and is proud to be an equal opportunity employer and to review all of our job postings to minimize biased language. Coinbase does not make hiring or employment decisions on the basis of race, color, religion, creed, gender, national origin, age, disability, veteran status, marital status, pregnancy, sex, gender expression or identity, sexual orientation, citizenship, or any other basis protected by applicable local, state or federal law. Coinbase will also consider for employment qualified applicants with arrest and conviction records in a manner consistent with San Francisco’s Fair Chance Ordinance and similar local laws.