Compliance Officer Digital Assets

About BKN301

BKN301 is a financial technology group that develops fintech solutions for banks, fintechs, and merchants, supporting their growth and innovation in emerging markets. Headquartered in London, the company maintains offices in Milan, Doha, and San Marino, with an expanding international presence. BKN301 operates across diverse countries and markets, fostering a team environment that integrates varied perspectives, backgrounds, and expertise to drive innovation and deliver effective client solutions.

The Opportunity in Riyadh

Joining BKN301 in Riyadh offers the opportunity to contribute to a fast-growing international fintech company. This full-time role is central to shaping strategic growth initiatives and supporting the company's expansion into key markets, directly impacting its long-term success. The successful candidate will play a role in establishing and developing the local presence in Riyadh, building strategic relationships, and supporting BKN301's long-term objectives within the Kingdom of Saudi Arabia.

Role Overview: Compliance Officer Digital Assets

BKN301 is launching a new business focused on tokenized and fractionalized real-world assets and seeks a Compliance Officer to establish its compliance framework from inception. This is a senior, hands-on position requiring the ability to make independent decisions and implement effective controls. The role involves translating regulatory requirements into practical policies, procedures, and controls, particularly as processes and regulations in this emerging field continue to evolve.

Key Responsibilities

• Design and maintain compliance policies and procedures covering AML/CFT, customer due diligence, enhanced due diligence, escalation processes, and the approval and sign-off of mint, burn, and transfer operations.
• Review higher-risk customers and make KYC/KYT/EDD decisions within delegated authority.
• Establish procedures for identifying, assessing, and reporting suspicious activity in accordance with applicable requirements.
• Evaluate the compliance impact of new products, transaction flows, and service providers prior to their launch.
• Translate regulatory changes into clear operating instructions for the Operations and KYC/KYT/AML teams.
• Collaborate with management, legal advisers, and relevant authorities, and lead staff training and regulatory readiness initiatives.
• Develop controls suitable for an initial manual setup, adapting them as systems and transaction volumes increase.

Qualifications and Experience

• 5-10 years of experience in compliance, preferably within digital assets or fintech.
• Demonstrated ability to build and oversee compliance frameworks.
• Strong understanding of AML/CFT regulations and customer due diligence processes.
• Capability to operate independently and implement effective controls in evolving regulatory environments.

Compensation and Work Environment

This full-time position is based in Riyadh, Saudi Arabia. BKN301 offers a competitive, market-aligned compensation package. The role provides an environment for professional growth and learning within an innovative group, fostering an international culture built on trust and collaboration.