Topic: AML Compliance Specialist for centralized cryptoexchange (Read 117 times)

Well I think the OP is looking for a job and I must say he might be looking at it in the wrong place since you'll barely find professional services related to legal counseling and also accounting services in the freelance market. These types of jobs are made available directly in their website like what I jave provided or to some profer job hunting websites like Linkedin where most professional jobs are seen. @OP if you are looking for a job related to what you have graduated in you must just go to Linkedin and no crypto-related job hunting websites.

Absolutely not, hiring an AML specialist with no experience could put an exchange and its users in danger as if any wrong step is taken by the AML specialist or if there is any lapse. But yeah, someone with an experience in doing both the AML and KYC checks should definitely be given priority amongst those applying because it is a job of utter responsibility and hard work, lapse are least expected in this area of work.

This hit the nail on the head perfectly.

@OP if you look at the examples you gave for freelance sites you'll notice all of them are "specialties" but none of them are regulated. You don't find a CPA / accountant on a freelance site so you wouldn't find legal, medical or compliance people off of it. Now there might be some people that do this, or are qualified but the vast majority of people on these types of sites are more along the trade routes (design, programming etc.)

You go to the home depot parking lot for labor not for legal advise =)

They do, crypto exchanges are still companies in terms of their legality and companies have different departments for them to be able to run properly in the market. Their marketing department handles all the sales and promotions, there are tech and R&D departments that higher developers, there are support department that handle their clients' concerns, and of course a fraud assessment team as well as legal department to handle any issues on the legal side as well as KYC requirements. I do believe that people who just hire freelances to handle the legal stuff are careless and should be avoided, why? Because would you even trust a crypto exchange knowing that their KYC verification is handled by a outsource help? Of course not, they should have an own department that handles it.

If you want more convincing just search a centralized exchange's name in Google and add "Careers" at the end and you will see that they are hiring different positions related to Legal & Compliance.

I did the Coinbase's career page for you as an example.

I don't believe AML specialists are hired full time by the centralized exchanges that are new.

Perhaps at the beginning, when the company just started (or is planning to launch soon), they work a lot more for the company but outside this period I'm sure they're hired only when the company target a new country to operate in or when a new regulation is created in a country they have customers in.

So I'm sure in such cases they outsource the jobs

Now surely the biggest companies (i.e. Coinbase, Bitstamp,..), they do have full-time AML specialists since their company is always expanding or new products added, etc (it's all related to the activity's volume) and it's needed to be monitored daily.

As far as I can see, most of offers for crypto on prominent sites (cryptojobslist, crypto. jobs, cryptocurrencyjobs, blockew, angel. co and many others) mostly focus on tech specialists: developers, moderators, etc. Such specialists are a core need for any crypto project, and much less offers are dedicated to, say, public communications, marketing, but even less on legal advise and monitoring. The latter seems to be understandable, since many crypto exchanges prefer not to work with fiat and be as little regulated as possible, or even decentralized at all. However, the seeming relative lack of demand is a bit confusing.

Some work seems to be outsourced on freelancers. Maybe such specialists are hired through personal contacts mostly. It also seems that several programs / products offered by AML/KYC services providers are generally getting the job done. Also, as far as I can see, there are several courses on crypto for AML specialists, which makes you think if they can offer some advise for crypto projects. However, I would not be surprised if those offer only general info on cryptocurrency and some specifics fit for more traditional financial institutions... you never know.

Which brings up the question: is hiring an AML specialist on permanent basis even a thing among centralized exchanges?

Maybe, there are some people out there who work with regulated crypto exchanges, who face the same problem. What would you recommend?

Disclaimer: this is not a job offer (not yet at least), just asking about your experience, which solutions / sites / services proved best for you.