About the Role: The Compliance Officer/ MLRO will be responsible for overall compliance of Liminal. The role involves implementing and monitoring compliance frameworks, conducting investigations, and reporting suspicious activities to regulatory bodies to safeguard the organization against financial crime. This role requires a comprehensive understanding of financial regulations, AML/CFT Laws of the country, and the ability to ensure Liminal’s adherence to these requirements.


Responsibilities:


Regulatory Compliance: 


  • Monitor and interpret financial regulations of the country applicable to ensure Liminal’s adherence to all the regulatory compliance and reporting requirements.
  • Conduct regular assessments to identify areas of non compliance and develop corrective action plans.
  • Develop, implement and manage Liminal’s AML program in accordance with VARA Guidelines.
  • Conduct regular risk assessments and update AML policies to address emerging risks.


Policy Development:


  • Collaborate with relevant departments to develop and update policies and procedures in accordance with applicable guidelines.
  • Understand risk based approach to compliance plan in an ever evolving business environment


Compliance Operations:


  • Customer onboarding as per the laid down procedures of Liminal. Ensuring compliance to the defined SOP in terms of checks and documentation.
  • Transaction monitoring (both pre and post) of KYT and ongoing and periodic transaction monitoring to check for any suspicious transactions and patterns. 


Reporting and documentation:


  • Prepare and submit regular reports to the regulators highlighting Liminal’s compliance status.
  • Maintain comprehensive documentation of compliance and AML activities and reports for both internal and external audits.
  • Establish procedures for the identification and reporting of suspicious activities.
  • Coordinate with relevant authorities and submit a timely Suspicious Transaction Report (STR) and Suspicious Activity Report (SAR) when necessary.


Monitoring and Testing:


  • Implement monitoring and testing procedures to ensure ongoing compliance and AML programs.
  • Conduct periodic internal audits to identify and rectify compliance issues.


Training:


  • Conduct internal training to all the staff of the regulated entity in order to impart adequate skills on AML/CFT and Customer suitability.
  • Conduct periodic EWRA assessment of AML/CFT understanding across the front line business executives of the organization.


Desired Candidate Profile:


  • Bachelor’s degree in Business, Finance, Law or a related field.
  • Professional certifications such as CAMS would be advantageous.
  • Proven experience of 8 to 10 years in a compliance role within a financial services firm in a regulated environment.
  • In-depth knowledge of AML/CFT regulations and financial industry compliance standards.
  • Proven experience in onboarding tools (both KYB and KYC) and Transaction monitoring tools (both pre and post) 
  • Experience in Virtual Assets/Digital Assets domain of custody operations
  • Strong analytical and problem solving skills.
  • Excellent communication and interpersonal skills.




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