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Compliance Director, UK

Position Intro

Linden Research, Inc. dba Linden Lab develops platforms that empower people to create, share, and benefit from virtual experiences. Founded in 1999, the company first launched Second Life, the groundbreaking virtual world enjoyed by millions around the globe, in 2003, which has since gone on to boast nearly two billion user creations and a vibrant $500 million (USD) economy.

Tilia Inc. is a wholly-owned subsidiary of Linden Research, Inc., and a licensed money transmitter in the U.S. Tilia enables publishers of video games and virtual worlds to create in-world economies and monetize user interaction. Built from the ground up to be robust, flexible, and secure, Tilia powers virtual economies of leading and cutting-edge publishers with hundreds of millions of dollars in circulation.

Tilia UK Ltd is a wholly owned subsidiary of Tilia Inc. and is in process of obtaining an Electronic Money License in the UK. Tilia UK will provide money transmission services to customers located in the United Kingdom.

Primary Functions

The Compliance Director in the UK will serve as the strategic leader and process owner of a comprehensive compliance program to ensure compliance with all laws and regulations including anti-money laundering, sanctions compliance, anti-bribery and corruption, consumer protection, and all other regulation relevant to money transmission in the UK. The position is responsible for establishing and maintaining a UK specific compliance program working in conjunction with the parent company to standardize compliance across the enterprise.

The Compliance Director is responsible for communicating and working with executive management and the board to provide advice and guidance to management to enable leaders to make sound business decisions and serve as an internal resource concerning various external reporting matters. The Compliance Director will manage the UK Compliance Team and exercise a manager's customary authority concerning staffing, coaching, performance management, promotions, salary recommendations, and terminations.

Responsibilities

● Develop, implement, and monitor a strategic, comprehensive compliance framework, for Tilia UK Ltd.
● Provide direct support of the current compliance framework, which includes the risk assessments, policies and procedures, and interaction with regulators during exams.
● Create an auditing program to test outsourced activities to ensure compliance for those activities.
● Work directly with executive management, the Board of Directors, and the business to facilitate risk assessment and risk management processes.
● Understand and interact with related disciplines to ensure the consistent application of policies and standards across all products and services.
● Partner with business stakeholders across the company to raise awareness of compliance risks.
● Work with vendor management to ensure that UK specific compliance requirements are included in contracts to manage third party risk.
● Create and manage a targeted financial crimes awareness training program for all UK employees, contractors and approved system users, and establish metrics to track completion rates and effectiveness.
● Liaise with external agencies including government agencies, law enforcement and other advisory and/or regulatory bodies as needed.
● Prepare materials and present the state of the compliance program to the Board of Directors at least annually.
● Work closely with the Compliance staff of Tilia Inc to ensure compliance standards are aligned across the enterprise
● Support our culture of engagement and forge relationships among peers, as well as with other areas of the company. While given broad latitude with making decisions relative to their roles and primary responsibilities, they will plan and carry out the work in accordance with previous experience, organizational priorities and by exercising good judgement.

Knowledge, Skills, Abilities

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

● Previous experience interacting with regulators, banking relationships and auditors.
● Experience with regulatory reporting unique to the UK
● Must be able to communicate risks effectively to senior management, and regulatory authorities.
● Must demonstrate innovative thinking and leadership with an ability to develop strong relationships with leadership of the parent company.
● Must have excellent problem solving abilities, including weighing business opportunities against compliance risks that can potentially compromise long-term financial and strategic outcomes.
● Excellent written and verbal skills and high level of personal integrity.
● Must have experience with and ability to use the Google suite of products
● Must be able to rapidly adapt to new technology and thrive in a fast paced environment
● Must have strong experience with local anti-money laundering and sanctions regulations, consumer protection regulations, risk management frameworks, and money transmission regulations
● Knowledge of virtual currencies, virtual asset service providers and the regulatory regime, or guidance surrounding the

Education

● Bachelor’s degree in a related field, or equivalent experience working in Compliance, Risk Management, or Anti-Money Laundering
● Law Degree a plus
● CAMS or similar certification

Experience

● Must have 10+ years of Compliance experience, preferably in the Financial Service Industry.
● Must have 5+ years experience leading and developing a team.

Travel Requirements

No travel required.

Physical Demands & Work Environment

The physical demands and work environment described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to use the computer and communicate with coworkers in an office environment. The employee frequently is required to stand or sit to complete work and may occasionally lift and/or move up to 10 pounds.

Linden Lab seeks to maintain a diverse and welcoming workplace; therefore candidates from all backgrounds are encouraged to apply.

Fine Print:

The statements herein are intended to describe the general nature and level of work being performed by employees in this job. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.