Cumberland Deputy AML Officer

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world.  We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk. 

Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets. 

We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it.  DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.  

As the Deputy AML Officer, you’ll assist our AML Compliance Officer manage the firm’s AML/CTF and sanction screening program applicable to our crypto trading entities.  Our environment is dynamic and fast-paced, and we are looking for someone who is energized by our innovative culture. 

 What you’ll do in this role:

• Support Program Management

• Assist in the development, implementation, and maintenance of AML policies, procedures, and controls.

• Contribute to the development and management of compliance processes.

• Support the AML Officer in updating relevant policies and procedures in response to regulatory changes.

• Contribute to the development of risk assessments and risk mitigation strategies.

• Policy Execution

• Oversee the execution of policies and procedures designed to detect suspicious activity, including policies and procedures deployed in connection with KYC and transaction monitoring procedures.

• Assist in the investigation of suspicious activity reports (SARs).

• Support escalations, investigations and EDD triggered in connection with the execution of KYC, sanction screening and transaction monitoring procedures.

• QA/QC

• Develop and implement a quality control/quality assurance program in the areas of KYC, transaction monitoring, SAR filing and sanction screening; develop a reporting framework to track material findings; undertake any actions required to address identified gaps in execution.

• Team Training and Guidance

• Provide guidance to AML analysts and other team members.

• Assist in training and developing the AML team to enhance their skills and knowledge.

• Assist in conducting new employee training

• Assist in reviewing questions or observations raised by the business and trading desks with respect to counterparty activity or existing policies and procedures.

• Audit

• Assist the AML Officer in supporting independent and regulatory audit requests and executing remediation strategies.

What we’re looking for: 

• At least 7 - 10 years of AML/CTF and sanctions experience, including experience in a senior-level or supervisory AML role such as AML Manager or Deputy AML Officer

• At least three years of experience in the virtual currency industry

• Proficient understanding of AML industry standards globally with respect to the virtual currency space

• Proficient understanding of the AML regulatory framework in the U.S.

• Prior experience with DFS Rule 504 preferred

• Expertise in blockchain analytics (experience with Chainalysis and TRM preferred)

• Experience with AML customer identification/KYC and transaction monitoring programs

• Experience with sanction screening (e.g., OFAC) programs

• Keen attention to detail

• Strong business acumen and analytical and problem-solving skills

• Excellent organizational skills

• Ability to work effectively and meet goals both as part of a team and independently

• Outstanding written and verbal communication skills

• ACAMS preferred

• Bachelor's degree required; advanced degree preferred

• Legal/regulatory background is a plus

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