Compliance Associate

As a Compliance Associate at Paxos, your primary responsibilities include executing all elements of the Compliance Operations program, such as transaction monitoring, conducting investigations, writing suspicious activity reports, and conducting sanctions screening. You'll also play a key role in vendor management and training initiatives, ensuring a seamless integration of compliance practices across the organization.

To be considered for the Compliance Associate position at Paxos, candidates typically need 1-2 years of compliance experience along with a strong understanding of anti-money laundering and sanctions regulations. Familiarity with transaction monitoring, sanctions screening, and filing suspicious activity reports (SARs) will also be essential to successfully meet the demands of this role.

The Compliance team at Paxos plays a crucial role in safeguarding the company against financial crimes and regulatory risks. By maintaining adherence to regulatory standards and navigating the complexities of the crypto and fintech landscape, the Compliance Associate helps foster a transparent financial ecosystem, supporting Paxos's mission to open the world’s financial system to everyone.

A successful Compliance Associate at Paxos should possess strong analytical skills, attention to detail, and excellent writing capabilities, as the role involves preparing documents that may be reviewed by regulators and auditors. Additionally, a collaborative mindset and the ability to handle complex compliance challenges are vital in this fast-paced environment dealing with cryptocurrency.

The expected salary range for a Compliance Associate at Paxos, located within the United States, is between $113,897 and $133,996. Compensation may vary based on individual skills, experience, and qualifications, and the total benefits package also includes equity and performance-based bonuses.

When responding to a question about anti-money laundering (AML) regulations, demonstrate your knowledge of the key principles, such as customer due diligence, transaction monitoring, and reporting suspicious activities. It's helpful to mention any specific AML frameworks you have worked with in the past and how you ensured compliance in your previous roles.

In answering a question about transaction monitoring, describe the systems and tools you have used to analyze transactions and identify potentially suspicious activities. Share any methodologies that you have found effective in flagging anomalies and the steps you take to investigate further.

A great answer would reflect your proactive approach to staying informed. Discuss the resources you use, such as industry publications, webinars, or professional networks, and how you incorporate that ongoing education into your daily work to ensure compliance at all times.

For this question, detail your previous experience in drafting SARs, mentioning the specific circumstances that led to the need for reporting and the process you followed. Highlight your attention to detail and the importance of clarity in your submissions, as these reports can be scrutinized by regulators.

Use this opportunity to showcase your problem-solving skills. Describe the compliance issue clearly, including the steps you took to analyze the situation and collaborate with others to find a solution. Emphasize what you learned from the experience and how it enhanced your compliance knowledge.

To answer this question, explain your strategies for fostering inter-departmental communication. Share how you establish key points of contact, conduct regular meetings, and utilize collaborative tools to ensure everyone is aligned when addressing compliance challenges.

Highlight your method of evaluating vendor compliance processes, including due diligence and ongoing assessments. Mention any experiences you've had in implementing compliance standards with vendors and how you measure their adherence to these requirements.

Discuss the importance of being detail-oriented and having strong analytical skills. Explain how effective Compliance Associates are proactive, possess strong written and verbal communication abilities, and can navigate complex regulations while maintaining a customer-focused mindset.

For this question, describe your ability to assess the urgency and importance of various tasks. Highlight how you use prioritization frameworks or tools to balance your workload effectively, ensuring critical compliance tasks are completed on time.

Mention the specific compliance-related platforms and tools you've used, such as transaction monitoring systems or regulatory reporting software. Discuss how you've utilized these tools to enhance compliance operations and improve overall efficiency.