AML Investigator, Bitfinex

Salary not provided

Junior and Mid level

Remote from Canada, Europe, UK, US

Digital asset trading platform

Be an early applicant

Digital asset trading platform

201-500 employees

FintechB2CB2BCryptocurrencyTrading

Be an early applicant

Salary not provided

Junior and Mid level

Remote from Canada, Europe, UK, US

201-500 employees

FintechB2CB2BCryptocurrencyTrading

Company mission

To give users the ultimate cryptocurrency trading experience.

Job

Company

Role

Who you are

In addition to the skill set preferred requirements listed below the incumbent must be able to work independently with minimum supervision (seeking guidance as required), flexible as to working arrangement and hours and confident in making decisions as delegated by Manager Compliance / CCO
University education (Preferred)
Experience in an investigative function
Demonstrated AML experience incl. customer and enhanced due diligence, (CDD/EDD), AML/CTF/Sanctions Investigations, SAR/STR reporting
Basic knowledge of blockchain technology, (enhanced in the role)
CAMS/CBP designation (Preferred)
Excellent written and verbal communication skills
Demonstrated critical thinking skills, (decision-making)
Demonstrated attention to detail
Organizational understanding, (enhanced in the role)

What the job involves

The primary purpose of this position is to efficiently and effectively conduct and adjudicate, (i.e. investigate) referrals of unusual activity made to the Compliance Team with a view to timely, (within regulatory timelines) SAR submission within applicable jurisdictions or closing the referral as not suspicious supported by articulated reasoned argument
The incumbent is a member of the Compliance Investigations Team reporting directly to the Manager Compliance, with a dotted line to the Chief Compliance Officer, (CCO)
The incumbent will also work closely with the Manager Fraud / Customer Support, the AML Investigator Law Enforcement Liaison and peer AML Investigators in addressing both fraud, and money laundering, terrorist financing, and sanctions risks
The incumbent will maintain and develop strong relationships and network amongst peers in the industry to learn and share best practices and investigative techniques
In performing the role, the incumbent will continuously strive to continuously self-develop and enhance their skill sets incl
Understanding blockchain technology, virtual currencies, suspicious activities in the space, criminals’ modus operandi and best investigative practices to mitigate against the risk of money laundering, financing terrorism or violating sanctions on behalf of Bitfinex and to ensure the company’s robust Regulatory Compliance
The incumbent will provide strong input into the design and delivery of investigative and AML training to other members of Bitfinex, particularly Compliance colleagues, and will share knowledge gained from investigations by way of case studies/examples as required
Conducting investigations assigned by the Manager Compliance to determine risk exposure to Bitfinex and mitigating risks by SAR filing, recommendations for account closure, freezing of funds as applicable
Providing support to Customer Help Desk / Legal Team requests for investigative assistance
Communication with customers, agents, and internal attorneys as applicable

Our take

Since its 2012 founding, Bitfinex has consistently been one of the world’s largest crypto exchanges, supporting over 150 currencies and offering multiple trading options. Its popularity is largely down to how user friendly it is for all levels of trader, from beginner to pro.

For all its popularity, it’s impossible to ignore the controversies the company has faced, along with its sister currency Tether. This includes hacking, a highly publicized settlement over an alleged $850 million loss cover-up, and its involvement in a shadow banking operation which landed the perpetrator 6 years in prison.

It’s also worth noting however, that bad press has dogged a lot of major players in the crypto world. Bitfinex’s supporters don’t seem to have been swayed by the headlines, and the company continues to move on. In 2022, it gained access to the Single Euro Payments Area (SEPA), and the company is hoping to gain regulatory approval and licensing around the world.