DRW is a technology-driven, diversified principal trading firm. We trade our own capital at our own risk, across a broad range of asset classes, instruments and strategies, in financial markets around the world. As the markets have evolved over the past 25 years, so has DRW – maximizing opportunities to include real estate, cryptoassets and venture capital. With nearly 900 employees at our Chicago headquarters and offices around the world, we work together to solve complex problems, challenge consensus and deliver meaningful results. It’s a place of high expectations, deep curiosity and thoughtful collaboration. 

Cumberland - a DRW Company is the cryptoasset arm of DRW, established in 2014 after early interest in cryptoassets and their underlying technology. Today, Cumberland is a global leader in cryptoassets, uniquely positioned between the traditional financial markets and the cryptoasset ecosystem. From our offices in Chicago, London and Singapore, we provide 24-hour access to a wide array of cryptoassets while helping the crypto ecosystem grow and evolve in a responsible, sustainable way.

 As the Compliance Officer in our Tokyo office, you’ll be responsible for the implementation and management of our Japan-based compliance programs and procedures. This person will play an instrumental role in the buildout of our crypoasset trading business in the region. 

Responsibilities:

  • Build and implement AML, KYC and PIP procedures in Japan
  • Perform compliance surveillance and testing activities and risk assessments
  • Conduct EDD reviews and AML investigations as needed
  • Prepare and file all required regulatory reports; respond to all compliance-related inquiries
  • Act as primary liaison to the JFSA; manage relationship with regulators and banks
  • Become an active member of the SRO
  • Translate documents from English to Japanese for consumption by the JFSA and counterparties
  • Prepare for and act as primary contact to FSA for their annual on-site inspection
  • Stay abreast of regulatory changes in the region; report changes to HQs and Corporate Compliance team
  • Coordinate and administer a training program to ensure local employees receive ongoing education regarding regulatory requirements and policies
  • Research and liaise with legal and compliance teams regarding the legal and regulatory impacts of rule proposals and final rules and regulations
  • Review cryptoasset marketing materials for compliance with local regulation
  • Submit overseas remittance report to BOJ monthly
  • Develop and maintain strong recordkeeping system and procedures; handle general office management-related tasks as needed
  • Act as backup to trade operations team as needed
  • Conduct enhanced due diligence (EDD) reviews on high risk customers and AML/CTF investigations as appropriate

Required Skills & Experience:

  • 15+ years of experience in financial services industry
  • Strong knowledge of AML and KYC practices in Japan
  • Strong knowledge of security regulations, particularly FIEL in Japan and the ’30, ’34, ’40 acts in the US
  • Previous hands-on experience setting up a Japan office for a foreign-based company
  • Fluency in Japanese and English
  • Bachelor’s degree in Law, Finance, Business or related field; advanced degree preferred (MBA, JD, LLM)
  • CAMS certification is a plus
  • Excellent organizational skills and strong detail orientation
  • Strong collaboration abilities
  • Ability to work effectively and meet goals both as part of the team and independently
  • Outstanding written and verbal communication skills

Bonus Points for:

  • A passion for cryptoassets and the role they play in global markets
  • Strong knowledge of cryptoasset concepts and industry developments

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