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Compliance Officer BFX Securities El Salvador (100% Remote)

  • San Salvador, San Salvador, El Salvador

Job description

The primary purpose of this position is to serve as the Compliance Officer (CO) for Bitfinex Securities El Salvador.

With support from the Chief Compliance Officer of iFinex, and the iFinex Compliance Team, the CO is responsible and accountable for guiding the development, implementation, and conduct of the AML Program and the AML/CTF and Sanctions Compliance Policy (referred to as the “Compliance Policy”) under applicable compliance laws and regulations.

The CO is an individual who has knowledge of the capital markets and expertise in evaluating AML, CTF and sanctions risks and issues, and who supervises day-to-day compliance pursuant to applicable compliance laws, regulations, and best practices. In addition, the CO is:

● Competent regarding applicable laws and regulations in El Salvador including the Digital Asset Issuance Law and supporting regulations.

● Will undertake at a minimum, annual training in AML, CTF and sanctions laws of El Salvador and the U.S.

● Familiar with Bitfinex business operations and with all aspects of the Bitfinex Securities AML Program.

● Knowledgeable of applicable guidance documents and regulatory developments issued by the Government of El Salvador Federal Investigation Agency (FIA), the National Commission of Digital Assets (CNAD) and U.S. government agencies, such as the Financial Crimes Enforcement Network (FinCEN), OFAC, and OESPI.

This role reports directly to the CEO of BFX Securities El Salvador with a ‘dotted line’ relationship to the Chief Compliance Officer of iFinex Inc. to ensure alignment with the enterprise AML Program.

The incumbent will work remotely and be required to work flexibly across multiple time zones. Ideally the incumbent will be resident in El Salvador and be fluent in Spanish and English.

The role is multi functional and requires excellent communication skill and proficiency in research, report, and policy writing. Basic knowledge of anti money laundering, counter terrorist financing and international sanctions, and the concept of risk assessment is a requisite, supported by demonstrated critical thinking ability and independence of decision-making.

The ideal incumbent will be creative and have an interest in, if not a passion for understanding blockchain technology and the concept of financial inclusion and freedom; a demonstrated understanding of the concept of the Bitcoin Blockchain and Stable Coins is an advantage.


o The development and management of Compliance Policies and Procedures for BFX El Salvador.
o Annual and ongoing internal risk assessment.
o Ensuring ongoing compliance with the laws and requirements of El Salvador and laws and/or best practices of other jurisdictions or regulatory or other bodies such as The FATF.
o Record maintenance and statutory reporting management to the regulators of El Salvador.
o Monitoring, investigation and decisioning of and reporting of suspicious activity to the appropriate regulator in El Salvador.
o Internal reporting and analysis for the information of the Board and Senior Management.
o The primary contact point for regulators in El Salvador.
o In conjunction with iFinex personnel, the development of training materials.
o Managing the Compliance Diary including scheduling mandatory regulatory reporting and registrations and meetings with the Board and Senior Management.
o Coordinating compliance related meetings with relevant stakeholders including various committee members and where applicable, keeping minutes of such meetings.
o Coordinating mandatory and ongoing training requirements and deliveries and in conjunction with compliance officers and managers drafting training materials.

Job requirements

o Demonstrated interest in the Fintech Sector.

o Demonstrated verbal and written communication skills proficiency.

o The ability to think critically and proactively to solve problems, sound decision-making skills.

o Sound knowledge of the ‘Capital Markets’, particularly in the context of virtual assets.

o Demonstrated knowledge of AML, CTF and Sanctions requirements and familiarity with the FATF Guidelines and /or European or regional equivalents.

o The ability to work with minimum supervision.

o Superb organizational and time management skills.

o Excellent knowledge of the Microsoft Suite of Office Products and Adobe.

o Excellent knowledge of the G Suite (incl. Google Sheets, Docs, Calendar etc.).

o The ability to work flexibly across different time zones.

o A willingness to learn.

o English as a primary language, proficiency in Spanish.

o Location in El Salvador preferably.

o Some international travel may be required.

o Professional certification in the AML and/or Fraud environment.