Brokerage app Robinhood is hiring sanctions investigators for its finance crimes compliance unit.
The hires could be linked to compliance related to self-custody wallets, which the company is releasing officially in the coming months. Robinhood Wallet, a standalone app on the Apple Store in beta, allows users to trade and swap crypto without network fees.
The position requires two-plus years of experience working in financial crimes investigation, and one-plus years investigating cryptocurrency transactions. While not required, "Chainalysis experience" is welcome, per the post.
That Robinhood is looking to expand its compliance team with a focus on crypto is unsurprising, given its past challenges on this front. Earlier this year, Robinhood Crypto was fined $30 million by New York finance regulators.
The day-to-day responsibilities of the role include:
- Reviewing and analyzing alerts of potential matches of Robinhood customers to denied parties
- Managing the investigative process from initial detection to disposition and reporting
- Annotating findings providing proof of evidence and a final decision
- Escalating any matches that cannot be resolved to Sanctions Investigation management
- Escalating any true positive matches to the Sanctions Office.
Robinhood unveiled plans for a web3-centric wallet earlier this year.
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