The U.K. Financial Conduct Authority (FCA) is looking for a cryptocurrency expert who will work with it in the new area of cryptocurrency regulation and the fifth money laundering directive (5MLD) regulations, according to a job posting on LinkedIn.
The financial regulatory body is responsible for 5MLD regulation of the crypto asset sector since January 2020. It became the anti-money laundering and counter-terrorist financing (AML/CTF) supervisor for businesses conducting certain crypto asset activities last month. It has taken over the new role under the amended Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 (MRLs).
In addition to establishing national law enforcement standards and conducting internal and research, the FCA engages with varied partners to facilitate the best “all-source” information to support its efforts on crypto activities.
As per the details, the FCA is seeking an Intelligence Associate with extensive experience in working with crypto-assets and distributed ledger technologies. The opening is for a 12-month fixed-term contractual job.
The key responsibilities of the associate include providing intelligence support for supervision and enforcement, processing applications of UK-based firms "connected with identified high risk factors", working with partner agencies to identify and share intelligence, and assisting in identifying and training staff when needed, among others.
In addition to having experience in crypto assets, the associate is also required to have experience in working in the financial services sector or U.K. Economic Crime landscape, and relationship management skills. Interested applicants also need a background and experience in producing intelligence or regulatory reports to aid decision making and carrying out research using public record systems.
“You will have a great opportunity to understand intelligence processes and work, and influence the way we support the breadth and depth of the FCA remit in the new area of Crypto asset regulation and 5MLD,” FCA wrote.