Compliance Officer - Counterparty Due Diligence Officer

About BIT

BIT, formerly known as Matrixport, is a global financial services and infrastructure group specializing in digital assets. Established in 2019 and headquartered in Singapore, BIT connects traditional finance with the digital asset ecosystem through robust governance and innovative technology. Managing assets exceeding US$7 billion and facilitating monthly trading volumes above US$7 billion, BIT offers a comprehensive range of services including custody, trading, asset and wealth management, liquidity and financing solutions, as well as tokenized real-world assets. The company serves institutional and professional investors worldwide, maintaining licensed operations across Singapore, Hong Kong, Switzerland, the UK, the USA, and Bhutan.

Why Join BIT

The team at BIT is driven by collaboration and problem-solving. The company values openness, transparency, respect, and inclusivity, ensuring each employee’s voice is heard and valued. BIT seeks intellectually curious, entrepreneurial individuals aiming to make a significant impact in the cryptocurrency arena and develop products for a broad global audience.

Key Responsibilities

• Serve as the expert and main contact for all counterparty account openings, periodic and trigger event reviews across business units.
• Lead comprehensive due diligence, including verification of KYC/CDD documentation, assessment of AML/CFT questionnaires, risk evaluations, and advising senior management with clear recommendations for approvals.
• Compile detailed KYC/CDD files and promptly address AML/CFT questionnaires from counterparties, aiding in onboarding and periodic reassessments.
• Offer flexible support to the KYC client onboarding team especially during peak periods.
• Maintain and update key compliance control registers, logs, and documentation.
• Oversee counterparty portfolios by tracking demographics and scheduling periodic reviews.
• Ensure all reviews comply with internal quality standards, service level agreements, and audit requirements.
• Work closely with relevant stakeholders to identify any process gaps, mitigate risks, and lead improvements.
• Represent BIT professionally, upholding regulatory compliance and delivering an excellent client experience.
• Contribute to various compliance-related projects and initiatives as needed.

Candidate Requirements

• A Bachelor's degree in Law, Business, or a related discipline; higher degrees or certifications such as CAMS or ICA are preferred.
• Three to five or more years' experience in KYC/AML within correspondent banking or client onboarding scenarios, including periodic and trigger event reviews for both individual and institutional clients.
• Strong understanding of KYC/CDD procedures, AML controls, and relevant regulatory frameworks.
• Interest or prior experience in virtual assets and blockchain technologies is advantageous.
• Excellent analytical capabilities, sound judgment, and effective problem-solving skills.
• Strong communication and interpersonal abilities.
• Highly self-motivated, responsible, and able to meet stringent deadlines without sacrificing quality.

Additional Information

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