Compliance Associate

Who are we?

FalconX is a pioneering team of operators, investors, and builders committed to revolutionizing institutional access to the crypto markets. Operating at the intersection of traditional finance and 
cutting-edge technology, FalconX addresses the industry's foremost challenges: Navigating the digital asset market can be complex and fragmented, with limited products and services that support trading strategies, structures, and liquidity found in conventional financial markets. As a comprehensive solution for all digital asset strategies from start to scale, FalconX operates as the connective tissue empowering clients with seamless navigation through the ever-
evolving cryptocurrency landscape.

JOB DESCRIPTION

Job Title: Compliance Associate

Level: Associate

Company: FalconX Ltd

Department: Compliance

Location: Malta

Work type: Hybrid (min. 3 days from office)

COMPANY OVERVIEW

FalconX is a digital assets prime brokerage platform. We are redefining digital assets prime brokerage from the ground up. We are backed by some of the best investors in the world including Accel, American Express, GIC, B Capital, Coinbase Ventures, Fidelity, Flybridge, Lightspeed and Tiger Global.

We deliver institutional digital asset customers best-in-class trading, credit, custody and structured products. We trade, lend and secure tens of billions of dollars monthly, are highly profitable, and growing fast, so we need your help! We are data-driven. Whether it's a growth or product decision, we believe data can always help us make more precise and informed choices. We move fast. Speed of execution is essential for any startup, but we believe this is even more pertinent in our 24/7 industry. We prioritize learning. Outcomes are mission-critical, but we also believe that learning in success and in failure will drive our continued success. Our industry is emergent - there’s no shortage of experiments to get involved with and to continue growing and learning together.

FalconX has offices in the USA - San Mateo, Chicago, New York, India - Bengaluru, Malta, UK and Singapore.

FalconX Ltd was established in 2018 and has been licensed by the MFSA as a Class II Virtual Asset Service provider since 2021. The Company is currently transitioning its license to a EU Crypto Asset Service Provider under the MiCA Regulation. The Company offers spot trading and custody services to a distinguished client base composed of reputable institutional customers and a select group of high-net-worth individuals, all of whom are recognized as professional investors and active participants in the crypto sector.

Within FalconX Ltd, the Compliance function plays a critical role in identifying, quantifying, and mitigating compliance risks, while ensuring that the Board of Directors remains fully informed of any emerging issues. This function is responsible for maintaining adherence to AML, CFT, sanctions, and other regulatory requirements applicable in Malta and across the EU. The function is led by the Chief Compliance Officer—who also serves as the Compliance Officer and MLRO. The team additionally oversees compliance for FalconX’s sister entities in the UK, which currently provide crypto lending, borrowing, and FX services. FalconX Ltd’s Compliance function also forms part of the Group’s Compliance Department and function reports to the Group’s Chief Legal and Compliance Officer.

DUTIES & RESPONSIBILITIES

The Compliance Associate is responsible to assist both within the Financial Crime Compliance function and also within the Regulatory Compliance function of the Department. The tasks include:

General

• Support the preparation of reports for the Board of Directors, senior management, auditors, and regulatory authorities.
• Extract data and contribute to the development and implementation of automated data extraction processes.
• Respond to information requests from regulators and auditors, and provide assistance during thematic reviews conducted by these parties.
• Review and support responses to inbound due diligence requests from partners, ensuring timely and coordinated communication.
• Assist in the execution of compliance testing activities.
• Support the Compliance Officer/MLRO on ad hoc risk control projects.
• Participate in meetings as required.

Financial Crime Compliance

• Support research efforts on upcoming regulatory requirements and international best practices in Financial Crime Compliance, identify gaps, and collaborate with superiors to develop mitigation strategies.
• Review and analyze complex transactions and due diligence documentation.
• Advise internal stakeholders on customer due diligence and screening processes as required.
• Assist in drafting policies, procedures, and operational documents.
• Coordinate with internal stakeholders to ensure the effective implementation of mitigation measures.
• Prepare reports and compile data and information for responses to the FIAU, Asset Recovery Bureau, and other local or foreign authorities.

Regulatory Compliance

• Support research efforts on upcoming regulatory requirements and international best practices in Regulatory Compliance, identify gaps, and collaborate with superiors to develop mitigation strategies.
• Advise internal stakeholders on regulatory and licence matters as required.
• Assist in drafting policies, procedures, and operational documents.
• Coordinate with internal stakeholders to ensure the effective implementation of mitigation measures.
• Assist in the completion of the financial instrument test for new tokens, carry out sanctions screening and issues reports accordingly.

SUCCESS FACTORS

Success in this role requires the ability to,

• perform well under pressure and demonstrate strong written and verbal communication skills;
• proactively identify and implement opportunities to enhance productivity through process optimization and technological advancements;
• use artificial intelligence (AI) tools to enhance productivity;
• collaborate effectively with internal stakeholders, including Institutional Coverage, Sales, Business Operations, Product, Engineering, Group Compliance, and Legal teams;
• serve as an active member of FalconX’s global compliance network, making significant contributions to the overall success of the Compliance program; and
• adapt to shifting priorities and provide extended coverage, including for colleagues during absences or holidays.

Finally, given that FalconX is part of an international group operating under a follow-the-sun model, a key success factor for this role is the ability to demonstrate flexibility in the working hours as needed to support global operations and ensure seamless collaboration across different time zones.

REQUIRED SKILL

The Company is committed to providing ongoing training through both on-the-job learning and traditional programme-based training. The incumbent is expected to have,

• 2 to 3 years of experience in a compliance, ideally within a crypto asset service provider, a financial institution, a consultancy firm, or regulatory body;
• familiarity with the operations of the crypto, investment, or banking sectors will be considered an advantage;
• relevant qualification in financial services or compliance is required;
• strong verbal and written communication skills, sound judgment, and analytical abilities;
• follow-up skills and the ability to communicate clearly and promptly are essential;
• team player skills with a genuine interest in digital assets and blockchain technology; and
• enthusiasm for continuous learning and a willingness to explore new frontiers in technology and compliance.

Notice at Collection and Privacy Policy

Applicants located in California and/or applying to a role based in California, please refer to our Notice at Collection and Privacy Policy here.

Inclusivity Statement

FalconX is committed to building a diverse, inclusive, equitable, and safe workspace for all people. Our roles are intended for people from all walks of life. We encourage all those interested in applying to our organization to submit an application regardless if you are missing some of the listed background requirements, skills, or experiences!

As part of our commitment to inclusivity, FalconX would like to acknowledge that the EEOC survey has limited potential responses that you can select. For legal reasons, FalconX must use this language to align with federal requirements, however, we want to ensure that you are able to provide a response to our own voluntary survey questions about your identity that best aligns with your most true self.

FalconX is an equal opportunity employer and will not discriminate against an applicant or employee based on race, color, religion, national origin, ancestry, ethnicity, sex (including gender, pregnancy, sexual orientation, and gender identity), age, physical or mental disability, veteran or military status, genetic information, citizenship, or any other legally-recognized protected basis under federal, state, or local law.

Applicants with disabilities may be entitled to reasonable accommodation under the Americans with Disabilities Act and other applicable state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on FalconX. Please inform FalconX’s People team at recruiting@falconx.io, if you need assistance with participating in the application process.