Christopher Chen
AVP Compliance
Summary
With extensive experience in regulatory compliance across various jurisdictions, including interactions with regulatory bodies such as IRS, IRAS, MAS, Malaysia SC, and Labuan FSA, possess a deep understanding of AML, KYC, and CDD principles.
Proficient in compliance tools such as Chainalysis and Worldcheck, I have managed compliance functions spanning retail and corporate onboarding, transaction monitoring, EDD, auditing, and licensing. As part of approval teams for high-value crypto transactions, I've operated at APAC management levels, overseeing operations in Singapore, Malaysia, and Vietnam. Skilled in regulatory filings like CRS and FATCA, I have demonstrated leadership by training and managing sizable compliance teams. Additionally, my expertise in cryptocurrency and blockchain, cultivated since the inception of my career at exchanges like C.O.S.S and Binance, further bolsters my regulatory acumen.
Overview
6
6
years of professional experience
2
2
years of post-secondary education
Work History
AVP Compliance, MLRO
HydraX Pte Ltd
06.2023 - Current
- Develop, implement and maintain AML/CFT requirements for the company, Group compliance policies, SOPs and guidelines (i.e. confidentiality, data protection)
- Support and perform periodic review and enhancements of compliance policies, SOP, guidelines and follow up on any potential violations of internal policies
- Implement regular and ad-hoc compliance training for internal stakeholders
- Liaise with local and foreign regulators on regulatory issues and submission of periodic reports
- Manage regulatory compliance with license conditions, applicable legislation, rules and regulations that govern the company
- Assist in audits by handling and responding to requests, queries and observations from regulators and auditors
- Provides monthly, quarterly and annual filings, compiling and submitting accurate data to regulatory authorities in accordance with relevant legal frameworks such as CRS, FATCA and other filing requirements as per license conditions.
- Responsible for submission of Suspicious Transactions Reports (STRs), adept at recognizing and reporting suspicious activities to regulatory agencies. Maintaining confidentiality and upholding compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.
Compliance Change Manager
Binance
09.2022 - 04.2023
- Uphold the set requirements of the change management policy, program, and procedure.
- Facilitate the change management process including, but not limited to the following:
- Drafting of necessary documentation such as BRD (Business Requirements Document) to cover all proposed changes
- Tracking completion of proposed changes
- Assessment of proposed changes including risks, impact, value add, etc. Determining whether proposed changes require escalation or involvement of other functions (Risk, Legal, etc)
- Presentation of proposed changes to senior management who has approval authority
- Follow through with proposed changes to ensure documentation such as policies or procedures are updated accordingly.
- Coordination with the various teams such as CS/Operations and Compliance functions and ensure approved changes are communicated to the relevant stakeholders and team members. Ensure alignment of understanding. This may include providing training or refresher courses (focusing on the changes) to impacted Ops or BAU units.
- Assist in the setup and maintenance of the Repository for all Compliance Ops key and related policies / guidance / procedures
- Assist in the reporting of CMT-related statistics to Senior Management
- Assist line management in other related initiatives
Compliance Team Lead
Binance
12.2020 - 08.2022
- Implemented improvement initiatives and developed compliance testing program to monitor and identify gaps in new and existing practices.
- Managing a Team of onboarding analysts
- Drafting, implementing KYC & KYB onboarding related procedures.
- Oversees the operations of Retail onboarding, Transactions Monitoring (TM) and Enhanced Due Diligence (EDD).
- Reviewing name screening hits to determine if the user can be onboarded as a client.
- Reviewing all transactions (Crypto related deposits, withdrawals and fiat related deposits and withdrawals), writing a report with recommendations to either escalate or dismissed the issue for the MLRO.
KYC Analyst
Binance
07.2019 - 11.2020
- Conducted KYC formality reports on questionable accounts and transactions.
- Performed ongoing screenings on clients to comply with rules, regulations and KYC requirements.
- Partnered with customer support team to collect legal documents and associated information for regulatory and internal policies.
- Determined customer risk ratings based on analysis and research findings.
Compliance Analyst
C.O.S.S Pte Ltd
02.2018 - 06.2019
- Perform name screening, POA and EDD collection and verification.
- Spearheaded the implementation of KYC guidelines, FIAT and FACTA with the Head of compliance and team.
- Direct communication with clients and facilitate the onboarding process.
Education
Bachelor of Commerce, Double Major - International Business And Marketing
Murdoch University
Australia 05.2015 - 09.2017
Skills
Name Screening (Eg Worldcheck, Factiva, Sentroweb)
undefinedAccomplishments
Was awarded as Binance Rising Star in the year 2020 for best performance and practice.
Timeline
AVP Compliance, MLRO
HydraX Pte Ltd
06.2023 - Current
Compliance Change Manager
Binance
09.2022 - 04.2023
Compliance Team Lead
Binance
12.2020 - 08.2022
KYC Analyst
Binance
07.2019 - 11.2020
Compliance Analyst
C.O.S.S Pte Ltd
02.2018 - 06.2019
Bachelor of Commerce, Double Major - International Business And Marketing
Murdoch University
05.2015 - 09.2017
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