Note: The job is a remote job and is open to candidates in USA. Cyclops is the first stablecoin and crypto infrastructure platform built exclusively for the payments industry. They are seeking a detail-oriented and analytical Compliance and Legal Operations Associate to support the compliance program, ensuring adherence to legal and regulatory requirements across various functions. The role involves collaborating across teams and managing compliance tasks in a fast-paced environment.
Responsibilities
- Support the money transmitter licensing (MTL) process, including preparation and submission of applications and renewals across U.S. jurisdictions
- Maintain and update the NMLS platform and associated records
- Track regulatory obligations and deadlines company-wide and flag emerging compliance requirements
- Assist with the development, drafting, and updating of compliance policies and procedures
- Conduct KYC and KYB reviews for new and existing customers, including Enhanced Due Diligence (EDD) for higher-risk accounts
- Review source of funds documentation to verify the legitimacy of customer funds
- Monitor and review transactions and sanctions alerts, determining appropriate escalation paths
- Draft and file Suspicious Activity Reports (SARs) using the BSA E-Filing system
- Support client onboarding from a legal perspective — reviewing due diligence docs, flagging risk issues, and helping close deals faster
- Review marketing materials, website copy, and product communications for legal and regulatory accuracy
- Handle general corporate housekeeping — entity maintenance, board minutes, corporate filings, and similar tasks as they come up
- Maintain and organize compliance and legal documents, records, and filing systems
- Support due diligence processes to assess potential legal risks and liabilities
- Assist with legal holds, subpoena responses, and document collection requests
- Provide general operational support to the legal and compliance team
- Conduct internal quality assurance audits on compliance staff reviews
- Develop and implement risk assessments in response to regulatory changes
- Support client audits related to AML/KYC requirements
- Assist with remediation efforts identified through audits or regulatory examinations
Skills
- 2+ years of experience in compliance, paralegal, or legal operations roles within financial services, fintech, or cryptocurrency
- Working knowledge of BSA/AML regulations, KYC/KYB requirements, and sanctions screening
- Familiarity with SAR filing and the BSA E-Filing system
- Experience conducting internal audits or quality assurance reviews
- Strong written and verbal communication skills, including the ability to draft clear compliance documentation
- Proficiency with compliance or legal platforms (e.g., Chainalysis, TRM, Chaindots, or similar)
- Experience with and/or interest in fintech, payments, or crypto
- Exposure to money transmitter licensing processes and NMLS
- Paralegal or similar experience working within a legal department/law firm
- CAMS certification (completed or in progress) or other relevant compliance certifications (e.g., TRM Crypto Compliance, Chainalysis Reactor)
Benefits
- Meaningful equity in a pre-launch company
- Fully remote work — work from wherever you do your best thinking
- Direct mentorship from an experienced Co-Founder (defacto GC) and CCO — you'll learn more here in a year than in three years at a big firm
- Health coverage (medical, dental, vision)
- Paid time off
- Additional perks to help you thrive in and out of work
Company Overview