Regulatory Compliance Manager & Operations

Job Description

Posted on: 
2023-04-18 09:22

The Regulatory Compliance Manager & Operations shall be responsible for supporting in ensuring the Company’s activities are in line with the Brazilian regulatory framework as well as supporting on dealing with AML investigative cases. Additionally, the person responsible for the role shall be responsible to ensure that the SISBAJUD/CCS protocols are being followed and support the law enforcement responses. 

    • Scope includes:
  • Regulatory Compliance
    • Identify areas of non-compliance or partial compliance of the business through a GAP analysis of applicable laws and regulations and prepare and implement an action plan to remedy any shortfalls;
    • Monitor and review all developments within the regulatory environment of the business; enforcing adherence to requirements; advising management on needed actions;
    • Ensure that any updates to the legislative and regulatory framework is communicated to all stakeholders and training provided there to if required;
    • Assist with the periodic review of policies and training ensuring they are compliant with the applicable regulatory regime in Brazil; 
    • Continually and actively develop technical knowledge in relation to the regulatory framework governing the company and its activities;
    • Internal Controls
    • Manage internal compliance operational controls, carry out independent reviews and examinations as required;
    • Identify, highlight and manage regulatory risks, findings and recommendations identified internally, by independent reviews or examinations;
    • Work with management and staff to ensure that the business implements and maintains suitable systems and controls to meet the regulatory requirements;
    • Reporting
    • Assist in responding to law enforcement requests and inquiries;
    • Prepare compliance audit data by compiling and analyzing internal information;
    • Liaise with other departments to prepare data required for the submission of reports requested by the regulating authorities.AML/CFT
    • Compliance
    • Liaise with the Compliance Team to ensure that sufficient EDD has been requested and obtained on customers in accordance to their risk rating, as well as to properly assess whether the customer is involved in ML/FT;
    • Carry out customer account reviews in order to determine whether a reasonable suspicion of ML/FT exists;
    • Review and further investigate adverse media, PEP and sanction-related escalations;
    • Extract and compile customer data required for the submission of external reports with the regulatory authority and responding to Law Enforcement Requests; 
    • Ensure proper and timely handling of internal unusual activity reports;
    • Prepare and file STR’s with COAF;
    • Assist in the drafting and implementation of internal procedures to facilitate the escalation process;
    • Implement the Company’s AML/CFT policies and procedures;
    • Maintain a working knowledge of local AML/CFT regulations, best practices, internal controls and AML/CFT risk management practices.


    • Minimum of five years of relevant experience working with (i) a financial institution (payment service provider / e-money) and preferably experience also within the virtual financial assets market; or (ii) a law firm handling compliance matters relating to AML, licensing and applicable payments services laws and regulations;
    • Understanding of AML regulations and payments services legislation within the banking/financial services industry;
    • Ability to distill and discern important information from regulatory guidance, statutes and regulations, audit findings, and other documents and determine how it impacts the business.
    • The understanding of regulatory requirements vs. “best practices” in compliance is critical;
    • Must be able to perform independently and with minimal supervision;
    • Strong organizational skills – must be multi-tasked oriented and able to balance pressure and deadlines with constantly changing priorities;
    • Strong written and verbal communication skills. 
    • Ability to prioritize workload in line with tight deadlines and work effectively under pressure;
    • Experience interacting with local regulators a plus;
    • Knowledge of virtual financial assets and fintech products is preferred;Ability to work within a matrixed environment and cross functionally with operations and technology functions.
    • Please submit your resume in English
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