Citigroup is advertising positions for the post of Vice President and Senior Vice President with a background of Bitcoin in order to curb the Money Laundering risks related to bitcoin, cryptocurrency, and other digital payment technologies.
The New York-based financial-services giant has posted an ad on LinkedIn for the same. The position of senior vice president is described on LinkedIn as,
“support the Global Head of AML Monitoring Risk Management-Emerging Risk by identifying, analyzing, and implementing AML transaction monitoring risk programs related to developments in cybersecurity, cryptocurrency, and emerging payment technologies, products, and methods,”
These certifications are unusual, as a LinkedIn search for “certified bitcoin professional” only pulls up Citi’s ads. A CPB is not unlike other financial professional certification such as a CPA, certified public accountant, or CFA, certified financial analyst in as much as it aims to indicate a superior level of knowledge in a subject matter.
The position will likely also look at other emerging risks. According to Dash Core chief executive Ryan Taylor, this shows Citi is looking to manage the risks surrounding the cryptocurrency ecosystem.
“The job ads are intentionally vague. Citi is very seriously looking at risks surrounding the nascent market for digital currencies. They are either identifying risk to eliminate certain profiles, or this could be a prerequisite to identifying new opportunities in the space at a later point.”
Citigroup has been consistently unreceptive towards cryptocurrencies. But the blockchain development at Citigroup has been in full swing.
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