Third Party Compliance Manager
Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currency and public blockchains for payments, commerce and financial applications worldwide. Circle platforms and products provide a suite of internet-native financial services for payments, treasury infrastructure and capital formation. Circle is also a principal developer of USD Coin (USDC), which has become the fastest growing dollar digital currency in the world. USDC has grown to over 53+ billion in circulation and supported over $1.9+ trillion in transactions in the past year. Circle’s payments and treasury infrastructure services available through the Circle Account and APIs helps bridge the legacy financial system and digital currency and blockchain based finance. Circle’s SeedInvest service brings internet-native fundraising and capital formation to startups and growth companies. Combined, Circle’s suite of services helps companies to participate in a more open, global and inclusive financial system.
What you’ll be part of:
With the mission “To raise global economic prosperity through the frictionless exchange of financial value,” Circle was founded on the belief that the internet, blockchains and digital currency will rewire the global economic system, creating a fundamentally more open, inclusive, efficient and integrated world economy. We envision a global economy where people and businesses everywhere can more freely connect and transact with each other with new technologies for digital money and internet-native finance. We believe such a system can raise prosperity for people and companies everywhere. Our mission is powered by the values we espouse and which we expect all Circlers to respect. We are Multistakeholder, serving the needs of our customers, our shareholders, our employees and families, our local communities and our world. Furthermore, we are also Mindful, Driven by Excellence, and High Integrity.
What you’ll be responsible for:
As part of the Compliance Programs team, you will help to create a central global function focused on developing a best in class compliance management system, which will support all regional and core compliance team functions. This team is responsible for compliance risk management through a combination of development, assessment and oversight of key compliance programs throughout Circle.
Specifically, as a key second line of defense role, you will be responsible for managing compliance requests and explaining our compliance program to third parties. You will also conduct due diligence of those third parties on behalf of Circle to ensure that they have the appropriate compliance programs and systems in place based on the role they will perform for us. This position will work with the business and compliance/risk peers to ensure Circle’s business complies with applicable laws, rules, and regulations. You will provide third party oversight, identify key risks, and keep the broader compliance team informed of Circle’s partnership and third party initiatives.
What you'll work on:
- Assist in the development and implementation of global standards for third party compliance risk management.
- Develop centralized and standardized processes for inbound and outbound due diligence requests.
- Maintain presentation materials for explaining the overall compliance program to key partners and third parties.
- Support cross functional teams as they work to establish new partnerships and maintain strong relationships with current partners by explaining our compliance program and performing risk-based due diligence on prospective and current partners and third parties.
- Participate in projects and/or activities that ensure compliance with applicable laws, rules and regulations.
- Perform compliance focused risk assessments of key partners and third parties and work with other risk management partners in developing overall risk assessments for those third parties.
- Work with regional Heads of Compliance to perform reviews of affiliates/local country entities.
- Provide support and input for related audits or examinations from internal/external parties and collaborate with compliance program leads to ensure findings are appropriately remediated.
- Maintain up-to-date knowledge on regulatory changes and industry landscape.
You will aspire to our four core values:
- Multistakeholder - you have dedication and commitment to our customers, shareholders, employees and families and local communities.
- Mindful - you seek to be respectful, an active listener and to pay attention to detail.
- Driven by Excellence - you are driven by our mission and our passion for customer success which means you relentlessly pursue excellence, that you do not tolerate mediocrity and you work intensely to achieve your goals.
- High Integrity - you seek open and honest communication, and you hold yourself to very high moral and ethical standards. You reject manipulation, dishonesty and intolerance.
What you’ll bring to Circle:
- 7+ years relevant experience in compliance, third party risk management or related discipline
- Detailed knowledge and experience related to assessing third party risk
- Compliance experience in either banking, consulting, or cryptocurrency required. Experience in a RegTech or Fintech company is preferred.
- Strong communication, planning and project management skills
- Establishes trust and collaboration with cross-functional stakeholders and team members.
- Strong attention to detail
- Excellent ability to investigate, analyze, and interpret data
- Demonstrated understanding of and passion for harnessing the power of digital currency and blockchain technology and services built on top of it.
- Experience working hands-on with other cross-functional team leaders, such as lawyers, engineers, product managers, data analysts, operations analysts in improving compliance processes and systems.
- Experience and comfort working in an ever-changing industry and the flexibility to quickly react to changing demands.
- Experience/familiarity with Slack, Apple MacOS and GSuite.
We are an equal opportunity employer and value diversity at Circle. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.