Anti Money Laundering Analyst

CoinFlip is a global digital currency platform company focused on providing consumers with simple and secure access to buy and sell cryptocurrency. The company operates the world's largest network of cryptocurrency kiosks by transaction volume, with more than 5,500 kiosks across 49 U.S. states, Puerto Rico, Canada, Australia, New Zealand, South Africa, Italy, Panama, Brazil, Mexico, and Spain. CoinFlip’s digital currency kiosks make buying and selling major cryptocurrencies accessible for consumers who wish to purchase digital currency using cash.

CoinFlip also operates CoinFlip Preferred, a personalized over-the-counter service that provides investors with custom, white-glove support for their cryptocurrency transactions. In 2022, CoinFlip launched CoinFlip Ventures, an investment group offering coaching, funding, and networking support to early-stage crypto and web3 projects. We also offer the CoinFlip Crypto Wallet, a self-custodial cryptocurrency wallet available for iOS and Android devices.

CoinFlip was founded in 2015 by Daniel Polotsky, Kris Dayrit, Alan Gurevich, and Ben Weiss. Headquartered in Chicago, CoinFlip placed in the top 500 on the 2021, 2022, and 2023 Inc. 5000 list, and on the 2022 and 2023 Deloitte Technology Fast 500, was named the 2021 and 2022 #1 fastest-growing company in Chicago by Crain's, ranked in Chicago Tribune’s Top Workplaces in 2021 and 2022, and was awarded the 2021 and 2022 Stevie ® Awards for Customer Service. To learn more about CoinFlip and how to get started on your digital currency journey, visit www.CoinFlip.tech.  

We're seeking an AML Associate responsible for working within prescribed BSA/AML procedures to conduct client onboarding reviews - with a particular focus on complex business and institutional entities, transaction monitoring, and ongoing monitoring of high value clients through regular enhanced due diligence reviews. This position will play a critical role in reviewing alerts, customer documentation, and customer behaviors. The AML Associate compiles evidence and documentation in compliance with BSA/AML procedures and regulatory reporting requirements.  This role analyzes, researches, and documents relevant data to facilitate efficient client onboarding and risk mitigation procedures. The AML Associate will also draft suspicious activity reports for reporting, where applicable.  

Responsibilities: 

• Review and evaluate documentation for new customer onboarding, CDD, and EDD, including, but not limited to, source of funds, proof of address, purpose of transacting, and occupation  

• Provide timely responses to new customer onboarding, CDD, and EDD review requests  

• Maintain constant communication with the business during the review process 

• Perform periodic EDD reviews for designated customers   

• Assist in account manager correspondence 

• Review transaction monitoring alerts received through various platforms  

• Utilize blockchain analytics tools to investigate and mitigate risk 

• Evaluate and investigate documentation to determine if activity is suspicious 

• Draft suspicious activity reports where applicable 

• Record all investigations and supporting information in case management software 

• Other duties as assigned 

Qualifications:

• Experience in AML, whether in traditional finance or cryptocurrency 

• Ability to multi-task, set priorities, and adhere to deadlines 

• Understand and demonstrate the importance of financial and regulatory compliance 

• Attention to detail 

• Analytical and data-oriented approach to decision making 

• Excellent oral and written communication skills 

• Proficiency: Microsoft Word, Excel, and Adobe Acrobat

Nice to Have: 

• College degree in business, finance, or accounting preferred 

• Experience in a fintech environment 

• Previous work experience analyzing datasets 

• Have a basic knowledge of cryptocurrency and applicable rules and regulations 

Base salary range: $60,000 - $80,000 USD

For all United States based opportunities, our comprehensive benefits package includes, for all full-time employees, competitive health, dental, and vision insurance plans through BlueCross BlueShield (employer subsidized), a generous retirement savings plan with company match up to 4%, performance based bonuses and paid time off.

Working at CoinFlip means collaborating with experienced and innovative leaders who share a clear vision and a track record of success. We offer a collaborative and positive working environment where we encourage employees to balance productivity with time to recharge.

CoinFlip values diversity in the workplace and is an equal opportunity employer committed to providing an inclusive and accessible work environment. We thank all candidates who apply, but only those selected for an interview will be contacted. 

By applying to this role, you give express consent to CoinFlip to send you informational text (SMS) messages regarding this role and the application process. You can cancel the SMS service at any time by replying "STOP" to the text message you received. If at any time you forget what keywords are supported, just reply "HELP." Message and data rates apply. If you require a special accommodation, please let us know and we’ll work with you to meet your needs.