Zodia Custody, an FCA and CBI registered VASP, is a venture backed by Standard Chartered Bank and Northern Trust. Zodia Custody offers Crypto-Custody services to Institutional Investors. Our expansion plan envisages global roll-out, starting with the United Kingdom and Ireland with plans in the US and Asia. Zodia operates 24x7, and its roadmap details the launch of diversified products in relation to the crypto-ecosystem.
You will join a dynamic team with strong expertise in crypto assets. Your role is to ensure that our customers, as well as partner custodians or Crypto Assets Service Providers (CASPs), comply with the highest standards regarding Know Your Client, Client Due Diligence, AML/CTF/Sanction, to help Zodia comply with its regulatory obligations and risk appetite.
Key Responsibilities:
1. Assist Sales and Relationship Managers (RM).
2. Assist with the onboarding process of new customers and partner custodians or CASPs.
3. Coordinate Client Acceptance process to ensure all onboardings are supported by relevant documentation, reviewed and approved, following Client Due Diligence Procedures.
4. Provide guidance and support to Sales and Clients ensuring that all statutory and regulatory information received are managed accordingly in line with relevant AML/CTF regulations as well as Zodia’s Standards.
5. Cross-check certain information received by the onboarded party with reputable independent sources.
Perform CDD and EDD verifications:
1. Perform due diligence on Crypto Assets Service Providers counterparties (CASPs) Correspondent Relationship for the purposes of fulfilling FATF Recommendation 13 and 16 requirements and Zodia’s risk appetite as applies to CASPs.
2. Perform analysis of Ownership and Controls to identify ultimate beneficial ownership and apply correct categorization to each case considering relevant risk factors, i.e., Country of Incorporation, Negative News, Presence of PEPs.
3. Perform periodic review resulting from trigger events of existing clients and CASPs correspondent relationship. Escalate findings as necessary to Compliance and Financial Crime.
Screening and alerts management:
1. Complete and review screening on parties such as Entity Names, its Directors/Controllers, its immediate shareholders and Ultimate Beneficial Owners, Makers, Checkers, Authorised Signatories and Representatives. Additionally, dispose of false positive alerts.
Implementation of a control framework & assurance of controls:
1. Implement appropriate controls and processes related to CDD and Alert Management.
Reporting & escalation:
1. Act as first line of Defence, ensure Onboarding Cases are complete, with evidence uploaded and recorded into our internal systems in a timely and accurate manner, before handing over to RMs and Sales, and ultimately to the ERC for final approval when required.
Regulatory & Business Conduct:
1. Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct.
2. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations and guidelines.
Risk Management:
1. Identify, assess, monitor and escalate risks and issues to AML-FCC Manager and 1LOD Head of FCC or Second Line FCC.
2. Understand and implement processes, controls and standards for adhering to Risk Type Frameworks and Policies set by the Second Line.
3. Ensure that applicable laws and regulations are being complied with and escalate significant regulatory non-compliance matters and developments to the Second Line and Senior Management.
4. Promote a healthy risk culture and good conduct.
We are a friendly team, with monthly socials and seasonal celebrations as well as offering a range of fantastic benefits including:
1. Competitive employer contribution pension scheme.
2. Private health care.
3. Critical Illness cover.
4. Life Insurance.
5. Flexible bank holidays (can choose whether to work on bank holidays and use the leave elsewhere in the year).
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