Binance, a globally active crypto-currency exchange, is proposing to hire a 'locally based' (South Africa) person as its All-African compliance and money-laundering-reporting officer. It hopes to recruit someone whom regulators have already certified.

Failing this, Binance will settle for someone who has other qualities and qualifications.

The Bitcoin juggernaut wants the new appointee to work alongside its global legal and compliance teams and to minister to the regulatory needs of both the fiat and crypto sides of its business up and down the continent of Africa.

It wants the new person to develop and implement an effective AML compliance programme, to help it comply with various AML regulations, upcoming Virtual Currency Policy and other rules, do the job of its MLRO, sending off suspicious transaction/activity reports and various other regulatory reports to the authorities, keep and update all compliance policies and manuals, notify it of all changes in regulation, monitor the day-to-day operation of its AML/ATF policies and respond promptly to any reasonable request for information from the regulators or the police.

Binance also wants to make the new senior appointee responsible for all its AML reporting requirements and annual compliance reports. He or she must set up a good AML training regime and act as a central point of contact for all information about compliance-related problems (e.g. breaches of regulations, bad procedures and conflicts of interest). One of the requirements states, rather forbodingly, that he or she will have to performing "other assignments as the Managing Directors and the Board of Directors may direct."

Requirements include:

• a bachelor’s degree in law, compliance or a related field from an institution that someone-or-other has 'accredited' (an ACAMS/ICA diploma is an advantage);
• proven experience of AML regulations and 'local' regulations;
• proven experience in the FinTech or banking sector;
• 5+ years in a senior legal and managerial role (with international management experience a strong advantage);
• deep knowledge of European AML legislation, virtual currency regulations and data protection law;
• the ability to work independently while keeping in close contact with teams in many places;
• problem-solving skills; and
• excellent communication, negotiation and management skills.

Anyone who prefers an international work environment and a "flat organisation" ought to consider this job. The working hours are flexible, the work attire casual.