Head of Compliance (MLRO), Australia

THE WORK:

Ripple is growing its Global Compliance team and seeks to hire a Compliance Manager (AML/CTF Compliance Officer) in its newly acquired Australia entity. The candidate will be passionate about leading and improving Ripple Australia's compliance program. Additionally, the role will focus on operationalising Ripple Australia's digital currency exchange & payments activities; including working closely with the Regulatory Compliance team on local license initiatives.

WHAT YOU’LL DO:

• Act as the designated AML/CTF Compliance Officer under the AML/CTF Act.


• Implement and develop the compliance programs in Australia, ensuring the execution of effective and appropriate controls that reflect the business’ inherent risks and regulatory requirements.


• Develop policies, procedures, and risk assessments for new products and services, and work closely with Regulatory Compliance personnel to obtain local registrations and authorisations.


• Under the direction of the Head of Compliance APAC, build local compliance operations that align with local requirements and represent Ripple in front of ASIC and AUSTRAC.


• Implement risk based Know Your Customer (KYC), transaction monitoring, and watchlist screening.


• Support Global Compliance conducting KYC reviews of Group customers.


• Establish relationships with the local Responsible Managers as well as relevant internal teams (Product, Business Development, Sales, Engineering) to ensure that any financial crimes compliance queries are responded to in a timely manner and that such teams operate in accordance with local regulatory requirements and industry standards.


• Work with Global Compliance leadership to develop strategic plans and ensure the timely completion of critical initiatives and key goals.


• Prepare periodic reports to local Senior Management, the Board of Directors, and Ripple Group committees to create awareness of all relevant compliance matters.


• Coordinate, prepare and submit periodic and ad-hoc regulatory reports to ASIC and AUSTRAC.

WHAT YOU'LL BRING: 

• 7+ years of AML/CTF and sanctions experience in a financial services firm regulated by ASIC and/or AUSTRAC. 


• Experience with digital currency exchanges and payments compliance program management.


• Strong operational knowledge in building and running a sound compliance program, with hands-on knowledge and an understanding of regulatory requirements for payment institutions in Australia.


• Ability to effectively present on AML/CTF and sanctions topics to internal and external parties. This includes senior management, regulatory bodies, auditors, and banking partners.


• Ability to provide practical, strategic and business-oriented advice.


• Proven track record to coordinate multiple concurrent projects.


• Strong written and verbal communication skills; at ease communicating and presenting to senior management.