Transaction Monitoring Analyst (100% Remote - LatAm)

at  Bitfinex

Founded in 2012, Bitfinex is a digital asset trading platform offering state-of-the-art services for crypto traders and global liquidity providers. We are one of the oldest exchanges and a top 10 player by volumes, with a solid customer base of both institutional and retail customers.
We list almost 200 different tokens and also more than 60 perpetual contracts. We also offer our customers yield products through staking and lending. You can find out more about Bitfinex here.
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 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.
Tasks
Transaction Monitoring Analyst
The primary purpose of this position is to develop and implement transaction monitoring algorithms to monitor for Anti-Money Laundering, Terrorist Financing, Sanctions and other compliance risks to enable controls to be implemented to mitigate against detected risks using a risk-based approach.
The incumbent will analyze and investigate alerts generated by the transaction monitoring system arising from fiat (wire and non-wire) and crypto (on-chain and off-chain) trades, deposits and withdrawals to mitigate risk exposure to the platform.
In addition, the incumbent will 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.
The incumbent is a member of the Transaction Monitoring Team reporting directly to the Manager of Investigations and Transaction Monitoring. The incumbent will 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 risk-based approach as well as analyzing and evaluating data needed to assess referrals of unusual transaction activities. The incumbent must 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.

KNOWLEDGE:

o University education (preferred);
o Experience in the compliance field;
o Fair understanding or ability to understand AML/KYC/CTF related policies, laws and regulations,
including enhanced due diligence, (CDD/EDD) and Sanctions;
o Basic knowledge of blockchain technology, (enhanced in the role);
o CAMS/CBP designation (preferred)

SKILLS:

o Excellent written and verbal communication skills
o Ability to source and understand the content of documentation in various languages, types and forms
o Demonstrated critical-thinking skills, (decision-making)
o Demonstrated attention to detail, accuracy and consistency
o Self-motivated (ability to take initiative)
o Proficient IT skills (Chrome, open search, Google Doc, Gmail, Word, Excel, etc.)
o Organizational understanding (enhanced in the role

- 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 parameter to ensure exposure falls within 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.
Requirements
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) and confident in making decisions as
delegated by the Investigations Team and Head of Investigations.