Travel Rule Monitoring Analyst

Job Description - Travel Rule Monitoring Analyst (BlueCube)

Location - Philippines (Remote)

Blue Cube Services Ltd. is excited to recruit remote-working Travel Rule Monitoring Analysts to work on a project for one of the world’s leading software platforms for digital assets.

**Please note that this role is paid in cryptocurrency and is a self-employed role. You are responsible for your own tax declarations**

Role Description

We are seeking intelligent, driven, and analytically minded Travel Rule Monitoring Analysts to support our growing Monitoring Team. The Monitoring team works at one of the leading digital asset software platforms to reduce the risk for our customers, the company worldwide and combat fraud, money laundering and terrorist financing. As a Travel Rule Monitoring Analyst you will play a critical role in ensuring our organization's compliance with international regulations, specifically the Travel Rule, in the dynamic and rapidly evolving crypto asset industry. You will be responsible for monitoring and analyzing transaction data to identify potential suspicious activities related to cross-border transfers.

What you will do:

• Execute the day to day monitoring of inbound and outbound crypto transfers. This includes, but is not necessarily limited to identifying pending transactions, and conducting manual risk assessments for withdrawals and deposits. As well as reviewing address and customer risk scores, conducting applicable screenings (eg. PEP/sanctions), analyzing VASP information and making final decisions to approve/cancel withdrawals or confirm/reject deposits.
• Coordinate with VASPs to address missing or incorrect Travel Rule data, make risk-based decisions for incomplete transactions, refer internally to the Law Enforcement Requests Team and other internal stakeholders as appropriate, and ensure compliance with Sunrise Issue requirements.
• Identify and nominate power-users or high-value customers for potential whitelisting, coordinating with manager and MLRO for approvals.
• Ensure the Travel Rule Database and the User Database are updated with the latest information and coordinate with Notabene for data pushes and pulls.
• Conduct in-depth analysis by leveraging crypto-specific data analytics to extract valuable insights from blockchain data and identify potential Travel Rule violations.
• Review customer accounts and transactions to detect potentially unusual activity, patterns, or potential financial crime activity.
• Perform Sanctions, PEP and Adverse media screening.
• Coordinate with internal and external stakeholders to address identified issues.
• Track the progress of investigations and ensure timely resolution of issues.
• Report trends that can help our wider compliance teams to eradicate fraud.
• Partner with other departments to assist in developing fraud and money laundering prevention strategies, identify controls requiring improvement and drive corrective action.
• Stay up-to-date with the evolving regulatory landscape for crypto assets, including international standards and best practices.
• Deliver training to new joiners.
• Ad-hoc projects as required.

Experience & Skills we are looking for:

• A keen analytical mind with a strong eye for detail is essential for this role, where you'll be reviewing transactions and conducting in-depth investigations of customer accounts.
• At least two years of experience in financial crimes compliance and AML at a regulated financial institution or consultancy firm is required.
• Previous experience working with Travel Rule solutions, like Notabene or TRUST, is a significant advantage.
• While not mandatory, an understanding of cryptocurrencies is beneficial. However, further training will be provided.
• Knowledge of international money laundering, sanctions and terrorist financing regulations, with a focus on their application to the crypto asset industry, is highly advantageous.
• Excellent English language skills, both spoken and written.
• Flexibility. You will be working in a rapidly growing team that is required to provide true 24/7 coverage.
• Candidates must have access to an appropriate laptop with a camera or a webcam and a phone capable of running Google authenticator software
• Strong and reliable WiFi connection
• Candidates must be prepared to submit to further background / security checks if required

Compensation & Perks

• Competitive compensation, in cryptocurrency.
• The opportunity to progress for high performers.
• Remote working

Schedules

• Hours offered will depend on the volume of work coming into the team and individual performance.
• Working patterns may change as the markets we support are global, but this may include day/night shifts and some weekend work.
• This is a self-employed contractor role available only to candidates in jurisdictions where they are eligible to be compensated in cryptocurrency. You are responsible for your own tax declarations. Please ensure you are able to receive payment in cryptocurrency and understand how to cash this out if so required.