UK’s Financial Conduct Authority (FCA) Seeks to Fill Multiple Crypto Positions
UK’s financial regulatory body, Financial Conduct Authority (FCA), conduct regulator of over 58,000 financial services firms, has recently listed a crypto-related position. In particular, they are looking to hire a crypto intelligence associate for the intelligence services team reports The Block.
Upon visiting the job description listed on the official FCA website, the crypto intelligence associate will be involved in a number of,
“liaison and stakeholder management with internal and external patterns on topics of crypto assets, financial and economic crime-linked themes.”
Some of the tasks involved with said position include the delivery of intelligence support to,
“Authorisations, Supervision and Enforcement for processing of applications,”
as well as doing the necessary research, preparation and breakdown of intelligence material. Others include taking part in the decision-making processes, building relationships within the FCA and external stakeholders, training staff and attending events that share knowledge and opportunities.
When it comes to cryptocurrencies, this respective position will focus on providing a “guidance on crypto assets,” while ensuring that the average investor/trader/consumer is aware of the regulatory framework and what it implies.
As for a goal set in place by FCA, The Block reported that it includes increased emphasis on anti-money laundering regimes, with a law that could potentially come into effect on January 2020.
When it comes to investing, the FCA has advised that crypto derivatives and exchange-traded notes are “ill-suited” for consumers lacking knowledge on said matters. This is a fair statement given the nature of the assets (i.e. possibly a risk).
For more on the skills and experience required of the crypto intelligence associate, click here.