At a glance
- Workplace
- Hybrid
- Location
- Malta
About the role
- The Customer Due Diligence Associate is responsible for carrying out customer due diligence tasks for clients onboarded to the Malta and UK entities within FalconX Ltd's Compliance department.
- The role involves leading customer due diligence refresh cycles, conducting enhanced due diligence for high-risk clients, and monitoring for sanctions, adverse media, and PEPs.
Responsibilities
- Lead the customer due diligence refresh cycles of existing clients.
- Review customer due diligence files of existing customers ensuring that documents are kept up to date and that transactions executed are in line with the profile of the customer.
- Conduct enhanced due diligence (EDD) for high-risk clients.
- Monitor for sanctions, adverse media, and politically exposed persons (PEPs), ensuring that monitoring lists are maintained in accordance with regulatory requirements.
- Appropriately discount any hits identified during sanctions, adverse media, or PEP screening, providing well-documented rationale for each decision.
- Assist in the completion of the financial instrument test for new tokens, carry out sanctions screening and issues reports accordingly.
- Coordinate EDD committee meetings, serve as secretary by accurately recording meeting minutes, documenting action items, and following up with stakeholders to ensure timely completion.
- Review and assist with inbound due diligence requests from partners, and coordinate comprehensive responses.
- Carry out due diligence on banks, liquidity providers and other counterparties.
- Assess alerts raised from the company’s transaction monitoring system to determine whether the alerted transactions are in line with the customer’s expected activity.
Requirements
- 2 to 3 years of experience in a compliance role, ideally within a crypto asset service provider, a financial institution, a consultancy firm, or regulatory body
- Relevant qualification in financial services or compliance is required
- Strong verbal and written communication skills, sound judgment, and analytical abilities
- Follow-up skills and the ability to communicate clearly and promptly are essential
- Team player skills with a genuine interest in digital assets and blockchain technology
- Enthusiasm for continuous learning and a willingness to explore new frontiers in technology and compliance
Preferred qualifications
- Familiarity with the operations of the crypto, investment, or banking sectors will be considered an advantage
Workplace
- Hybrid work arrangement requiring a minimum of 3 days from the office
- Role requires flexibility in working hours as needed to support global operations under a follow-the-sun model
