Director, Compliance Monitoring and Testing

Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currency and public blockchains for payments, commerce and financial applications worldwide. Circle platforms and products provide a suite of internet-native financial services for payments, treasury infrastructure and capital formation. Circle is also a principal developer of USD Coin (USDC), which has become the fastest growing dollar digital currency in the world. USDC has grown to over 44+ billion in circulation and supported over $1.7+ trillion in transactions in the past year. Circle’s payments and treasury infrastructure services available through the Circle Account and APIs helps bridge the legacy financial system and digital currency and blockchain based finance. Combined, Circle’s suite of services helps companies to participate in a more open, global and inclusive financial system.

What you’ll be part of:

With the mission “To raise global economic prosperity through the frictionless exchange of value,” Circle was founded on the belief that the internet, blockchains and digital currency will rewire the global economic system, creating a fundamentally more open, inclusive, efficient and integrated world economy.  We envision a global economy where people and businesses everywhere can more freely connect and transact with each other with new technologies for digital money and internet-native finance. We believe such a system can raise prosperity for people and companies everywhere. Our mission is powered by the values we espouse and which we expect all Circlers to respect. We are Multistakeholder, serving the needs of our customers, our shareholders, our employees and families, our local communities and our world. Furthermore, we are also Mindful, Driven by Excellence, and High Integrity.

What you’ll be responsible for:

Circle is looking for an experienced Director of Compliance Monitoring and Testing, who will help create a central global function focused on developing a best in class compliance management system, which will support all regional and core compliance team functions. As a key member of the second line of defense you will be responsible for the development and execution of a risk-based monitoring and testing program to ensure Circle’s compliance with applicable laws, regulations, policies and procedures. This role will lead the testing and monitoring team, where you will work with a team of analysts to continuously assess and strategically test the compliance control environment. 

What you'll work on:

• Leading the design and implementation of a risk-based regulatory compliance monitoring & testing framework to provide independent, risk-based monitoring and testing of Circle’s Compliance programs.
• Developing and delivering the annual Compliance Monitoring & Testing plan, ensuring coverage for existing and new regulations, changes to existing regulations and any audit or exam findings.
• Managing all daily aspects of Circle’s Compliance Monitoring & Testing Program.
• Developing and overseeing a team of testers who are executing the monitoring and testing program, including priority setting, coaching team members, reviewing workpapers for accuracy, completeness, and conformance with standards and methodology.
• Ensuring second line monitoring reviews are delivered on time and to an appropriate standard of quality.
• Overseeing the tracking of corrective action plans and effectively challenging and managing the satisfactory resolution of issues, including ensuring adequate remediation plans and validation to ensure proper and timely resolution.
• Identifying, assessing, effectively challenging and overseeing the satisfactory resolution of issues, including ensuring adequate management remediation plans and validation.
• Partnering with program owners, subject matter experts and all relevant stakeholders to understand requirements (e.g. laws, regulations, guidelines, policies) of compliance, enterprise programs and products.
• Evaluating design and operating effectiveness of controls, assess identified findings, determine root causes, propose risk ratings in accordance with internal guidelines and standards, and draft recommendations and reports.
• Documenting test results, and reporting metrics in GRC Tool and/or central repository.
• Managing the assignment and execution of closure verification testing to ensure testing conforms to guidelines and standards, workpapers are complete and accurate, and the testing is completed in a timely manner.
• Collaborating with the business to strengthen compliance maturity for programs and products.
• Preparing testing scope, work papers, and reports capturing final results of testing.
• Developing and document detailed testing scripts c