Citigroup is advertising for positions as a Senior Vice President and Vice President with a background in Bitcoin to reduce the money laundering risks associated with bitcoin and cryptocurrency.
LinkedIn posted an advertisement for the position by the New York-based financial-services company giant. LinkedIn describes the position of senior vice-president as:
“support Global Head of AML Monitor Risk Management-Emerging risk by identifying and analyzing AML transaction monitoring risks related to developments in cybersecurity and cryptocurrency and emerging payment technology, products and methods,”
These certifications are rare, since a LinkedIn search for “certified Bitcoin professional” only brings up Citi’s ads. CPB is similar to other certifications for financial professionals such as CPA, certified public accountant or CFA, certified finance analyst. It aims to show a higher level of knowledge about a subject matter.
This position will likely also consider emerging risks. Ryan Taylor, chief executive of Dash Core, said that this indicates Citi’s commitment to managing the risks associated with the cryptocurrency ecosystem.
“The job advertisements are deliberately vague. Citi is seriously considering the risks associated with the emerging market for digital currencies. Either they are identifying the risk to remove certain profiles or this could be a prerequisite for identifying new opportunities within the space at a later stage.”
Citigroup has not been open to cryptocurrencies in the past. Citigroup is now actively developing blockchain technology.