Transaction Monitoring Analyst (Remote) (AR)

Founded in 2012, Bitfinex is a digital asset trading platform offering state-of-the-art services for digital currency traders and global liquidity providers. We're on a mission to create the most innovative cryptocurrencies exchange. This is a unique opportunity, a rare window of time at the tipping point of the financial evolution. Much like the early days of the internet, blockchain technology faces complex new challenges and having the best team plays a pivotal role in success.

Our team is fully remote and globally distributed to capture the best talent from around the world. So far our company has grown fast and stayed lean to secure its place as a leader in the space.

If you get excited about being in an industry that is breaking new ground and have confidence that you can conquer the most challenging feats we'll encounter, we want to talk to you. Join us, and help lay the foundation for a decentralized future.

Currently looking for:
Transaction Monitoring Analyst

The Transaction Monitoring Analyst will report to the AML Investigations & Compliance Management Services Team; and cooperate closely with the Internal Risk Assessment team, Internal and external Legal Counsels, and Senior Management; among others.

• The primary purpose of this role is to Develop and implement transaction monitoring algorithms to monitor for anti-money laundering, terrorism financing, sanctions and other compliance risks to enable controls to be implemented to mitigate against detected risks using a risk-based approach.

• Analyze and investigate alerts generated by the transaction monitoring system arising from fiat money (wire and non-wire) and crypto (on-chain and off-chain) trades, deposits and withdrawals with a view to mitigate risk exposure to the platform.

• Assist the Manager Transaction Monitoring in building periodic specific and general reports providing analysis that identifies ML, TF and Sanctions related anomalies for the information of the Chief Compliance Officer and relevant Product Managers.

• As a member of the Transaction Monitoring Team, report directly to the Manager of Investigations and Transaction Monitoring. Also, work closely with other Bitfinex teams and peer AML Investigators in addressing both fraud, and money laundering, terrorist financing, and sanctions risks.

• In performing this role, the incumbent will continuously strive to self-develop and enhance their skill sets including the application of virtual currencies, documentation requirements, and account behavior analysis in the context of KYC/AML/CTF and Sanctions.

• Duties include understanding the framework of our transaction monitoring rules on a risk-based approach as well as analyzing and evaluating data needed to assess referrals of unusual transaction activities.

• Ensure that KYC/AML/CTF and Sanctions activities are observed at all times, issues are addressed appropriately, and matters escalated to management as required. Further, identification and/or coordination of the implementation of process improvements relating to KYC/AML/CTF and Sanctions policies in conjunction with Bitfiex’s ToS as applicable are also imperative.

This role’s Tactical Responsibilities also include:

• Initial assessment of referrals of unusual transaction activity

• Report and analyze unusual documentation and/or information and/or query and/or transaction to/with Manager Investigations and Transaction Monitoring

• Adjust risk parameters to ensure exposure falls within the platform’s risk appetite

• Participate in applicable compliance training;

• Follow and implement KYC/AML/CTF and Sanctions-related policies, laws and regulations.

• Carry out cross-departmental communication when the need arises.

• Liaise with AML Analysts and/or users in respect of additional information required in order to verify the presence of ML/TF concerns when required.

• Undertake evaluation and communicate findings and decisions to respective case stream team leader; escalate and/or discuss with the Head of Investigations where required.

• Experience in the compliance field within the Industry;

• Fair understanding or ability to understand AML/KYC/CTF related policies, laws and regulations, including enhanced due diligence, (CDD/EDD) and Sanctions;

• Basic knowledge of blockchain technology, (enhanced in the role); CAMS/CBP designation

• University degree

• Excellent written and verbal communication skills

• Ability to source and understand the content of documentation in various languages, types and forms

• Demonstrated critical thinking and decision-making skills

• Demonstrated attention to detail, accuracy and consistency

• Self-motivated (ability to take initiative)

• Proficient IT skills (Chrome, Open Search, Google Docs, Gmail, Word, Excel, etc.)

• Organizational understanding (enhanced in the role)

To succeed in this role, the incumbent will continuously strive to self-develop and enhance their skill sets including understanding the Company’s products and Services, blockchain technology, virtual currencies, suspicious activities in the space, and best investigative practices to mitigate against the risk of money laundering, financing terrorism or violating sanctions and to ensure the company’s robust Regulatory Compliance.