New York’s financial regulator is seeking a senior blockchain analytics analyst to address financial crimes, such as money laundering, within the cryptocurrency industry. The position offers a starting salary of $84,156 and has the potential for increases up to $106,454. Candidates with at least one year of experience in the crypto industry, familiarity with blockchain analytics and Open-Source Intelligence tools, and knowledge of the Bank Secrecy Act and anti-money laundering rules are preferred. The selected individual will be responsible for assessing illicit activity risks using blockchain analytics, monitoring dashboards for irregularities that may indicate money laundering or sanctions breaches, and reporting any findings.
The New York State Department of Financial Services (NYDFS) established the virtual currency unit in January 2015 to enforce the BitLicense framework for businesses dealing with virtual currencies. This unit investigates violations such as fraud, unauthorized operations, poor cybersecurity practices, and non-compliance with AML regulations. Recently, New York State Comptroller Thomas DiNapoli raised concerns about potential gaps in the oversight of the BitLicense program. He issued a report urging the NYDFS to enhance the program, citing worries about its financial sustainability and cybersecurity measures.
Candidates for the senior blockchain analytics analyst position are expected to be familiar with on-chain attribution tied to NYDFS-regulated virtual currency licensees. They will analyze blockchain data to identify irregularities that may signal money laundering or violations of sanctions. This role requires proactive monitoring of suspicious activities and reporting them for further investigation. The position can be located in New York or Albany, with additional benefits available for roles in the New York City metro area, such as a $3,400 annual downstate adjustment.
Applicants for the senior blockchain analytics analyst role must possess a deep understanding of the Bank Secrecy Act, AML rules, and related legal frameworks. They should also have experience using blockchain analytics tools and Open-Source Intelligence tools in the cryptocurrency industry. The individual selected for this position will play a crucial role in combating financial crimes, ensuring compliance with AML regulations, and safeguarding the integrity of the crypto sector. This initiative reflects New York’s commitment to enhancing regulatory oversight and addressing illicit activities in the digital asset space.
In light of the evolving regulatory landscape and increasing scrutiny on the cryptocurrency industry, the appointment of a senior blockchain analytics analyst underscores New York’s proactive approach to combatting financial crimes. By leveraging blockchain analytics tools and on-chain attribution techniques, the selected candidate will be able to identify and investigate potential illicit activities within the crypto ecosystem. This move aligns with the broader trend of regulators worldwide seeking to strengthen AML compliance measures and enhance oversight of digital asset transactions to protect consumers and uphold the integrity of financial markets.
