Technical Specialist in Cryptoasset Business Models

Job Description

JOB TITLE: Technical Specialist in Cryptoasset Business Models (JR0012647)Location: London/Edinburgh/LeedsSalary: London up to £90,000 and National up to £82,000 per annumWhat you will be doingWe are looking for a talented individual with deep technical knowledge of cryptoassets, cryptoasset business models, and the risks posed by these models, to support our supervision of cryptoasset firms registered with the FCA under the Money Laundering Regulations.This is a role in the Registered & Complex Cases Team in Digital Assets Market Interventions (MIDA).The department is responsible for supervising Cryptoasset firms compliance with the Money Laundering Regulations (MLRs) and ensuring that firms maintain appropriately robust financial crime controls. The team is responsible for identifying, managing, andmitigating risks of potential harm arising in active and registered firms, including rapidly intervening where firms are at risk of being used as conduits for illegal activity, or pose harm to consumers or market integrity, for example perpetuating scams,fraud, or high-risk activities.The teams remit will change and broaden as the FCA assumes new regulatory responsibilities in relation to crypto, including taking on responsibilities in relation to consumer protection, conduct risk, and supporting development of a new regulatory regime.This is a fantastic opportunity to bring technical knowledge to bear on a high priority area for the FCA, and to play a key role in a fast-moving, highly innovative sector.The role will involve the following:

• Providing specialist technical advice to FCA Supervisors on cryptoassets, cryptoasset business models, and the risks posed by these models
• Providing specialist support to FCA Supervisors on developing and delivering supervisory strategies to mitigate harm and ensure cryptoasset firms compliance with the MLRs and - as appropriate - wider FCA rules and perimeters
• Upskilling the wider department on cryptoassets and associated risks, financial crime typologies and drivers of harm
• Leading and managing complex assessments, projects and research pieces involving cryptoasset firms
• Promoting a diverse and inclusive culture, which embraces continuous improvement and developing individuals

What will you get from the role

• The chance to leverage cryptoasset knowledge to make a tangible impact on the cryptoasset industry in the UK and help prevent money laundering and financial crime in this sector
• The opportunity to engage with and influence the largest and most complex cryptoasset firms active in the UK and
• The opportunity to help to shape the FCA supervisory approach and strategy towards the cryptoasset sector
• The time and access to deepen existing knowledge of cryptoassets, retail conduct and financial crime
• The freedom to exercise sound judgement and initiative, using a range of sources, in a team seeking to deliver ambitious solutions
• The support of a diverse, highly skilled team keen to solve problems collectively

Our comprehensive flexible benefits program empowers you to craft a personalized benefits package tailored to your life stage. This allocation can be used to acquire additional perks like dental coverage or participation in the cycle to work scheme. Alternatively,you have the option to bolster your base salary by receiving this allowance in cash.Here are the core benefits youll receive:

• 28 days of annual leave
• Private healthcare coverage with Bupa
• A non-contributory pension, comprising at least 8% of your basic salary monthly (with contribution levels increasing based on age, up to 12% once you reach 35)
• Life assurance coverage at eight times your basic salary
• Income protection

We endorse hybrid work arrangements, allowing you to work from home for up to 60% of the time within a month, while spending the remaining portion in one of our three office locations.The skills and experience you will haveWe are a signatory to the Governments Disability Confident scheme. This means that we will offer an interview to disabled candidates entering under the scheme, should they meet the minimum criteria for a role.Minimum

• The successful candidate will hold or will be required to obtain Security Clearance (SC) level vetting at a minimum. This requires at least two years of UK address history and other checks
• Technical knowledge of cryptocurrencies (and the underlying technologies), cryptoasset business models, and the risks posed by these models
• Experience of analysing cryptoasset business models and the characteristics of different cryptoassets to make risk-based judgements

Essential

• Knowledge of the FCAs regulatory and wider legal framework in relation to cryptoassets
• Proven experience of building and managing relationships with stakeholders at all levels, including senior management
• Experience in developing effective supervisory strategies to mitigate complex money laundering, financial crime and conduct risks in the cryptoasset sector - applying technical and professional experience
• An understanding of the systems, policies, and procedures that cryptoasset firms put in place to achieve compliance with the Money Laundering Regulations, financial promotions rules and wider FCA rules
• Excellent oral and written communication skills, particularly in communicating complex and technical material in reports and communications to firms
• Experience of leading and managing more junior colleagues and delivering through others
• Experience of managing and delivering complex projects and workstreams
• Ability to work under pressure, balancing competing important workstreams and deliverables

About the FCAThe FCA oversees the conduct of 50,000 firms in the UK to ensure integrity, fairness, and competitiveness in our financial markets. We do this to ensure that markets function effectively for individuals, businesses, and the economy.FCAs Values & DiversityOur objective is to foster an inclusive culture that values the unique strengths, perspectives, and experiences of all employees. We believe that our differences and similarities empower us to be a better organization, one that makes superior decisions, fostersinnovation, and enforces better regulation. We especially welcome applications from women, disabled, and minority ethnic candidates, as they are underrepresented groups.Flexible Working</stron