About Parallax
Parallax is an early stage startup transforming cross-border payments using blockchain technology. We believe that stablecoins can drive 10x improvements in cost and transaction time for international money movement versus current options. Parallax is backed by an amazing suite of fintech & crypto investors led by Dragonfly Capital.
Where we are now:
- Our product launched in September 2023 and serves freelancers and remote workers in the Philippines receiving payments from the U.S.
- As of December 2023, we are processing seven figures USD of payments per month across our early userbase.
- We have a small (< 10 humans) and tight knit team distributed across the globe.
About the role
Primary Responsibilities
- Conduct thorough investigations to identify potential sanctions matches and examine customer transactions for unusual or suspicious behavior.
- Review documentation for customer onboarding and ongoing due diligence, ensuring KYC files are comprehensive, current, and compliant with regulatory standards.
- Verify customer identities and monitor transactions.
- Aid in the preparation and submission of Suspicious Activity Reports (SARs) and reports related to sanctions.
- Collaborate with the internal compliance team to resolve appropriate risk mitigation strategies.
- Assist in internal and external audits related to KYC/AML processes.
- Ensure all KYC/AML activities are thoroughly documented and readily available for audits.
- Identify gaps and inefficiencies in internal processes, policies, and procedures. ● Proactively identify and report issues to leadership.
Qualifications:
- 2+ years of experience conducting analysis of AML-related account activities, due diligence, and investigations within a financial services institution.
- Proven ability as a strong communicator, capable of effectively collaborating with colleagues across multiple regions.
- Familiarity with commonly used transaction monitoring and reporting tools.
- Possess strong verbal and written communication skills, with the ability to execute tasks within tight deadlines.