Robinhood Crypto looking for a compliance lead as the company plans for regulated expansion of the platform.
The millennial trading application and asset exchange platform, Robinhood, released a job posting for a Compliance lead in its cryptocurrency department, Robinhood Crypto LLC. The job posting on its official careers page advertises the role of Crypto Compliance Lead in the Menlo Park, California based company with roles to run the day to day “crypto compliance operations.”
Furthermore, the employee will assume the role of Chief Compliance Officer and maintain the Anti Money Laundering (AML) audits as the compliance officer in the company.
Some of the tasks assigned to the CCL position includes,
“maintaining regulatory compliance, managing regulatory reporting, managing state regulatory exams, renewing state licenses and maintaining written supervisory procedures.”
The role requires a bachelor's’ degree in economics, computer science or any liberal arts degree with long term experience managing operational risk and managing large teams and projects.
The search for a compliance officer comes in light of the recent calls by the SEC and other global financial regulators including France and Germany to regulate the digital asset field.
The free stock trading app recently raised $320 million USD in a capital funding round that valued the company at $7.6 billion USD. The company provides a quick, efficient and cheap method to buy, sell and trade cryptocurrencies across licensed jurisdictions. In August, Robinhood received their license to open a digital asset and stock trading business across the United Kingdom market.
“…maintain the Anti Money Laundering (AML) audits…”
That means you do not have privacy. Your trades cannot be anonymous. It defeats one of the main reasons for using blockchain.
No thanks.