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- Tasks: Evaluate sanctions screening controls and ensure compliance with global regulations.
- Company: Join Binance, the world's largest cryptocurrency exchange, trusted by over 250 million users.
- Benefits: Enjoy competitive salary, remote work options, and opportunities for career growth.
- Why this job: Shape the future of finance in a fast-paced, innovative environment with world-class talent.
- Qualifications: 3+ years in compliance, strong analytical skills, and proficiency in compliance applications required.
- Other info: Fluency in English is essential; a second language is a plus.
The predicted salary is between 36000 - 60000 £ per year.
Compliance Sanctions Controls Effectiveness Testing Analyst
Join to apply for the Compliance Sanctions Controls Effectiveness Testing Analyst role at Binance
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Compliance Sanctions Controls Effectiveness Testing Analyst
Join to apply for the Compliance Sanctions Controls Effectiveness Testing Analyst role at Binance
Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. We are trusted by over 250 million people in 100+ countries for our industry-leading security, user fund transparency, trading engine speed, deep liquidity, and an unmatched portfolio of digital-asset products. Binance offerings range from trading and finance to education, research, payments, institutional services, Web3 features, and more. We leverage the power of digital assets and blockchain to build an inclusive financial ecosystem to advance the freedom of money and improve financial access for people around the world.
We are seeking a highly skilled and experienced Compliance Sanctions Controls Effectiveness Testing Subject Matter Expert (SME) to join our team. In this role, you will be responsible for evaluating the effectiveness of our sanctions screening controls, ensuring compliance with global regulatory requirements, and identifying areas for improvement. You will work closely with cross-functional teams to enhance our sanctions compliance program and mitigate risks associated with sanctions violations. You will also be the go-to expert within the team to guide and train the team of analysts.
Responsibilities:
- Conduct regular reviews and testing of sanctions screening systems, processes, and controls to ensure effectiveness and compliance with applicable regulations (e.g. OFAC, EU, UN, and other global sanctions regimes)
- Identify and document control weaknesses, gaps, and areas for improvement
- Conduct root cause analysis and implement corrective actions to prevent recurrence
- Prepare detailed reports on control effectiveness, testing results, and recommendations for senior management and regulatory bodies as required
- Stay informed of changes in global sanctions regulations and assess their impact on the business
- Support the team’s SME in preparing regulatory examinations and audits related to sanctions compliance
- Investigate and resolve escalated sanctions-related audit findings, MLRO requests, and other incidents in a timely manner
Requirements:
- Minimum of 3 years of experience in compliance quality assurance / internal audit, with focus on sanctions controls, preferably at a crypto/fintech company
- Proficiency in compliance applications and programmes such as Neterium, World-Check, Chainalysis, Elliptic, etc
- Good knowledge of provisions of local laws, directives, regulations and other standards applicable to subject persons
- Strong proficiency in identifying unusual activity or AML flags, conducting risk assessments, periodic/trigger reviews and enhanced due diligence
- Proven knowledge and experience with international sanctions laws and regulations
- Strong analytical and strategic thinking abilities
- Demonstrated ability to write effectively
- Outstanding communication and people skills
- Fluency in English. A second language will be advantageous
Why Binance
- Shape the future with the world’s leading blockchain ecosystem
- Collaborate with world-class talent in a user-centric global organization with a flat structure
- Tackle unique, fast-paced projects with autonomy in an innovative environment
- Thrive in a results-driven workplace with opportunities for career growth and continuous learning
- Competitive salary and company benefits
- Work-from-home arrangement (the arrangement may vary depending on the work nature of the business team)
Binance is committed to being an equal opportunity employer. We believe that having a diverse workforce is fundamental to our success.
By submitting a job application, you confirm that you have read and agree to our Candidate Privacy Notice .
Seniority level
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Seniority level
Mid-Senior level
Employment type
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Employment type
Full-time
Job function
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Job function
Quality Assurance
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Industries
Technology, Information and Internet
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Compliance Sanctions Controls Effectiveness Testing Analyst employer: Binance
Contact Detail:
Binance Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Sanctions Controls Effectiveness Testing Analyst
✨Tip Number 1
Familiarise yourself with the latest global sanctions regulations, especially those relevant to the crypto and fintech sectors. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals in compliance and sanctions roles, particularly within the cryptocurrency industry. Engaging with others in the field can provide valuable insights and potentially lead to referrals that could enhance your chances of landing the job.
✨Tip Number 3
Prepare to discuss specific examples of how you've identified and addressed control weaknesses in previous roles. Being able to articulate your hands-on experience with compliance applications like Neterium or World-Check will set you apart from other candidates.
✨Tip Number 4
Showcase your analytical skills by being ready to discuss how you approach root cause analysis and corrective actions. Highlighting your strategic thinking abilities will resonate well with the hiring team at Binance, as they seek someone who can enhance their sanctions compliance programme.
We think you need these skills to ace Compliance Sanctions Controls Effectiveness Testing Analyst
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities and requirements of the Compliance Sanctions Controls Effectiveness Testing Analyst position. Tailor your application to highlight relevant experience in compliance quality assurance and sanctions controls.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience in compliance, particularly in sanctions controls within a crypto or fintech environment. Use specific examples to demonstrate your proficiency with compliance applications and your understanding of international sanctions laws.
Showcase Analytical Skills: Since the role requires strong analytical and strategic thinking abilities, include examples of how you've successfully identified control weaknesses or conducted risk assessments in previous positions. This will help illustrate your capability to perform the job effectively.
Craft a Strong Cover Letter: Write a compelling cover letter that not only outlines your qualifications but also conveys your enthusiasm for the role and the company. Mention why you are interested in working at Binance and how you can contribute to their compliance programme.
How to prepare for a job interview at Binance
✨Understand the Regulatory Landscape
Familiarise yourself with global sanctions regulations such as OFAC, EU, and UN. Being able to discuss recent changes and their implications will demonstrate your expertise and commitment to compliance.
✨Showcase Your Analytical Skills
Prepare to discuss specific examples where you've identified control weaknesses or conducted root cause analyses. Highlighting your problem-solving abilities will be crucial in this role.
✨Communicate Effectively
Since the role requires collaboration with cross-functional teams, practice articulating complex compliance concepts clearly and concisely. Good communication skills can set you apart from other candidates.
✨Be Ready for Scenario-Based Questions
Expect questions that assess how you would handle real-world compliance scenarios. Prepare by thinking through potential challenges and your approach to resolving them, showcasing your strategic thinking.
