VP Crypto Risk Officer at Vast Bank

260 days ago
βœ… 42 applications

About the Job

The VP/Crypto Risk Officer will primarily be responsible for managing the digital asset account risk management activities, including establishing processes and procedures to govern digital asset account products and services. The role will include understanding risk exposures, identifying global risk patterns and analyzing regulatory trends and changes in the digital asset industry. Key result areas include: product and service risk assessments, regulatory analysis, new opportunity due diligence, developing processes and procedures, bank staff support, training, and awareness.

VP/Crypto Risk Officer

Responsible for completing product risk assessments, defining policies and procedures and assisting business lines in remediating identified control gaps for digital asset related products and services.
Responsible for assisting business lines in designing internal controls for digital asset related account activities.
Responsible for completing due diligence processes and participating in sales cycles to analyze new opportunities for digital asset custody services, as well as fiat related services, for digital asset industry participants from a BSA, regulatory and risk perspective.
Responsible for reviewing and analyzing regulatory trends, as well as proposed and new regulatory guidance, in the digital asset space. This includes providing periodic reports to the executive management team, including an analysis of any recommended changes to the Banks products, policies, procedures and risk assessments.
Assist the BSA and OFAC Officer in developing all BSA program related policies, procedures, enhanced due diligence processes and ongoing monitoring processes for digital asset related product and service offerings.
Assist the BSA and OFAC Officer with the Chainanalysis implementation, including developing risk scoring strategies and procedures for analyzing transactions and new account opportunities for suspicious or unusual activity.
Assist in training various departments on industry and BSA trends for digital assets, as well as the specifics of monitoring account activity and analyzing new account opportunities.
Other various duties as assigned by the Chief Risk Officer.
Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.

Knowledge, skills and abilities:
Minimum of 7-10 years of experience in roles with responsibilities performing risk assessments, assessing internal controls, policies and procedures and working with regulatory guidelines and requirements;
Strong decision making, analytical and research abilities with attention to detail and accuracy.
Ability to be flexible to a quickly changing environment.

Bachelor’s degree in Criminal Justice, Law, International Relations, business administration, accounting, finance, or similar field preferred.

EEO/M/F/D/V/Affirmative Action Employer
All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, national origin, disability, sexual orientation, genetic information or veteran status.

Apply at Vast.Bank/Careers


Minimum of 5-7 years of digital asset industry experience with strong knowledge of cryptocurrency and blockchain technologies.



Applications for this job are currently closed.

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