Compliance Analyst, Bitgo
Transaction Monitoring
$90-120k
+ Bonus + Stock options + Equity
Digital asset financial services for instuitutions
Posted today
Digital asset financial services for instuitutions
201-500 employees
Posted today
$90-120k
+ Bonus + Stock options + Equity
201-500 employees
Company mission
BitGo's mission is to deliver trust in digital assets.
Role
Who you are
- 2-5 years experience in AML transaction monitoring, investigations, and SAR reporting
- 2+ years of experience with using blockchain analytics tools (Elliptic, TRM Labs, Chainalysis, etc), and an advanced understanding of the concepts that underpin blockchain transaction tracing. Certification such as Chainalysis Reactor is preferred
- Knowledge and understanding of AML regulatory requirements and expectations
- Strong investigative and analytical skills; experience leveraging multiple information sources to run an investigation
- A drive to understand the causes and reasons for account or transaction behavior and an eagerness to ‘paint the picture’ of an alert, investigation, or account review
- Excellent written, oral communication, and argumentative skills
- Willing to learn and become an expert in complex blockchain based subject matter and crypto crime concepts
- Ability to work independently and with minimum supervision; be comfortable navigating various internal systems and tools provided by vendors
- Organization and time management skills
- Eagerness to work with other teams in a highly collaborative startup Fintech environment
What the job involves
- We are seeking an Investigations Specialist to join BitGo’s Financial Intelligence Unit
- BitGo is looking for a digital asset financial crime investigations expert who will drive efforts to enhance BitGo’s anti-money laundering program
- BitGo is specifically looking for candidates who will propel automation of transaction monitoring systems and investigation processes
- The successful candidate requires expertise in digital asset financial crime typologies, trends, and a deep understanding of blockchain technology and digital asset tracing
- This role reports directly to the Head of Financial Intelligence Unit
- Performing comprehensive and insightful investigations into flagged transaction activity or accounts, and making recommendations for the filing of Suspicious Activity Reports
- Analyzing, reviewing, and investigating transaction monitoring alerts using tools such as Elliptic, TRM Labs, and Unit21 to identify and escalate financial crime red flags
- Keeping a watchful eye over wider BitGo platform activity to identify potential financial crime red flags, including reviewing law enforcement & 314(b) inquiries, sanctions screening, negative news, or 314(a) escalations, referrals from BitGo employees or external parties
- Collaborating with the wider Compliance team on program enhancements such as risk rule and detection scenario calibration, quality assurance reviews, and data analysis
- Drafting and updating Financial Intelligence Unit procedures, participating in AML training and education efforts
- Maintaining an advanced understanding of AML typologies that relate to digital asset transactions, correspondent banking, high risk jurisdictions, and be a vocal point for current regulatory trends, enforcement actions and crypto related financial crime news
- Identifying and reacting to trends and typologies through metrics and data analysis
- Collaborating with other teams at BitGo and contributing to regulatory exams
- File regulatory reports (such as SARs)
Our take
The digital asset industry is maturing, with asset companies looking to shore up their positions by adding secure custody capabilities. This is good news for BitGo, an independent, regulated cryptocurrency custodian company providing security, custody, and liquidity solutions.
BitGo’s flagship multi-signature wallet solution helps its clients mitigate risk and optimize capital efficiency. The company has subsequently expanded to also cover a number of areas that are critical for any holder of major crypto assets - like portfolio and tax management. In this, BitGo was smart to focus exclusively on institutional clients: there’s huge appetite among larger players to expedite the mainstreaming of crypto, and they’ll need precisely BitGo’s tools to get there.
BitGo was in talks to be acquired by PayPal, and most recently Galaxy Digital, which speaks to a strong institutional confidence in the crypto wave. In spite of a rocky year for the digital assets (which now sees BitGo suing Galaxy Digital for pulling out of the acquisition deal), BitGo has manoeuvred itself into a central position to capitalize on what, now, seems a near-inevitable period of mass adoption. Exemplifying this, the BitGo Ventures wing of the company was launched in 2024 to partner with and invest in cutting edge blockchain and fintech startups.
Freddie
Company Specialist at Welcome to the Jungle
Insights
-26% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
Aug 2023
$100m
SERIES C
Oct 2018
$16m
SERIES B
Total funding: $170.5m
Company benefits
- Company-paid medical, dental, and vision plans
- Catered lunches, fresh snacks, and gourmet coffee
- Commuting made easy with company-paid Caltrain passes
- Competitive compensation, stock options, and 401k plan
- Top-end computer equipment to power your work
- Flexible vacation time
- Remote/hybrid friendly with physical location workspaces
Company HQ
Evergreen Park, Palo Alto, CA
Leadership
Mike Belshe
(CEO)Previously Director of Engineering at Good Technology, who went on to found Cookout Software - and then move to Google as a Software Engineer/Development Manager when the latter company bought out the startup. Has served as BitGo CEO for over a decade.
Ben Davenport
(Advisor)Has spent time as a Software Engineer at Microsoft, Google, and Facebook, and worked on algorithm development at Hudson River Trading. Additionally co-founded and led Beluga, a mobile group messaging solution that was ultimately bought by Facebook, and became Facebook Messenger.
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