New York’s Department of Financial Services is hiring a Virtual Currency Senior Blockchain Analytics Analyst to combat financial crimes like money laundering in the crypto sector.
The Virtual Currency Senior Blockchain Analytics Analyst position is currently available at the financial regulator of New York. The permanent position is dedicated to preventing financial crimes, including money laundering and fraud, by assuring compliance in the expanding virtual currency sector.
The position entails the utilization of blockchain analytics to oversee potential hazards. Applications must be submitted by October 14.
New York DFS Seeks Virtual Currency Senior Blockchain Analyst
A job vacancy for the position of Virtual Currency Senior Blockchain Analytics Analyst has been announced by the New York State Department of Financial Services (DFS). The position is permanent and is located in either Albany or New York City.
Its objective is to assist DFS in the preservation of a financial system that is both transparent and stable, thereby safeguarding both consumers and businesses. The announcement specifies:
The starting salary for this position is $84,156 with periodic increases up to $106,454
The chosen candidate will be responsible for monitoring and evaluating the dangers of illicit activities associated with virtual currency licensees regulated by the Department of Financial Services (DFS).
The primary responsibilities involve using blockchain analytics to trace onchain transactions and ensure adherence to state and federal regulations.
The regulator stated that the analyst will be required to maintain a “comprehensive understanding of the industry’s existing and emerging blockchains, tokens, and technologies, as well as to identify opportunities to improve the Virtual Currency Unit’s financial crime monitoring processes through the use of blockchain analytics and market surveillance tools.”
Additionally, they will investigate sanctions violations, money trafficking, and fraud, offering valuable insights to DFS management.
A comprehensive comprehension of blockchain technology and pertinent laws, including the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations, is essential for the position. Candidates are anticipated to possess three years of specialized experience in assessing financial criminal risk. The DFS Office of Human Resources must receive resumes and cover letters by October 14, 2024, to submit applications.
