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Cryptoassets Case Officer

Cryptoassets Case Officers – Authorisations (Permanent Roles – Payments and Digital Assets) We are growing our Cryptoasset Team here at the FCA and we are looking for talented and motivate

Cryptoassets Case Officers – Authorisations (Permanent Roles – Payments and Digital Assets)
We are growing our Cryptoasset Team here at the FCA and we are looking for talented and motivated individuals in Leeds, Edinburgh and London. We are considering people with varied experience and backgrounds to join our diverse and inclusive Cryptoassets team. You will take part in shaping the more comprehensive future crypto regulatory regimes and work flexibly across the organisation, pivoting to where your expertise is needed most. If you have experience with AML, Financial Crime, Cryptoassets and/or Regulation then we would love to hear from you.
At the FCA, we’re creating a fair and more resilient financial system. We’re establishing more transparent relationships, between financial services and customers, building trust in financial markets, whilst protecting vulnerable consumers.
We are currently on an exciting journey to become a more forward-thinking and proactive regulator, to maintain our position as a world leader in financial services regulation.
The Authorisations Division at the FCA is responsible for assessing and determining applications from firms and individuals, who wish to conduct or are conducting regulated activities, to ensure that they meet and continue to meet our standards.
The work of Authorisations has a significant impact on conduct in the financial services markets. By being a robust gatekeeper for firms and individuals we ensure firms’ business models are sustainable and approved individuals have sufficient competence and integrity.
Authorisations works closely with Supervision, Policy and Competition (SPC) teams as well as Enforcement and Market Oversight, to enable a holistic and coordinated approach to regulation.
The role will initially be in the Authorisations Cryptoassets team where you will assess applications from a wide range of firms seeking to launch innovative business models and novel products based on the latest advances in blockchain technologies. Your mission will be to ensure applicants are able to evidence that they meet the regulatory standards to prevent money laundering and terrorist financing through the establishment of rigorous control environments and robust adherence to Fitness and Propriety standards. You will develop your regulatory judgement, helping those firms that can show they can meet the standards to bring innovation to the UK whilst stopping those that can’t from operating here.
What does the role involve? What are the key responsibilities?
The Cryptoassets team is responsible for assessing cryptoasset firms’ compliance with the Money Laundering Regulations (MLRs). The team’s assessments of firms primarily focus on the adequacy of firms’ financial crime systems and controls. These assessments include reviews of complex business models, consideration of cryptoasset activities being planned, and testing the knowledge, experience and fitness and propriety of individuals undertaking key functions. The team is also responsible for identifying, managing and mitigating potential risks of harm arising in firms and identifying where firms are at risk of being used as a conduit for illegal activity.
  • Delivering high quality, assertive regulatory decisions through the assessment of applications. You will need to make consistent and timely regulatory decisions, based on consideration of all relevant facts in adherence to agreed service levels and whilst seeking input/clarity from applicable stakeholders.
  • Leading strategies to deal with complex or novel firm issues, escalating risks and recommending the most appropriate course of action.
  • Leading meetings with firms, educating them on their regulatory responsibilities and delivering difficult messages constructively and effectively.
  • Providing critical thinking relating to your sector and coaching, mentoring and supporting colleagues in technical knowledge and interactions with firms/other stakeholders.
  • Proactively building excellent networks and relationships to facilitate understanding of risks and issues in the sector and sharing knowledge to achieve good regulatory outcomes and timely decision making.
What will the candidate get from the role?
  • Directly contributing to the reduction of money laundering and terrorist financing in the UK through assertive regulation.
  • Developing a more in-depth knowledge of the cryptoasset sector, working with a wide variety of firms and business models including cutting edge fin-tech propositions and firms operating in the cryptoasset market.
  • Interacting with senior level individuals at firms and key industry stakeholders as a key FCA representative in this innovative and rapidly changing marketplace.
  • Building a wide network across the FCA and other regulatory and governmental organisation, representing the department/division in discussions with senior management.
  • The opportunity to influence and contribute towards the future shape of MLR and cryptoasset regulation.
This role offers considerable potential for development, an extraordinary degree of variety and exposure to other areas of the FCA. It is initially situated in the Authorisations division to work on firm registrations. Given that registered firms will move into the Supervision portfolio, or potentially into Enforcement, successful candidates will work flexibly with a diverse set of internal stakeholders.
Skills/Experience Required
We’re a signatory to the Government’s 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. A minimum criterion needs to be measurable from reviewing a candidate’s CV. (Exceptions may apply if, due to the volume of applications, we are not able to interview all eligible candidates who qualify under the scheme.)
  • A detailed understanding, gained through regulatory or industry experience, of regulatory requirements, especially Anti-Money Laundering requirements, and how they apply specifically to cryptoasset firms.
  • Demonstrable experience of investigating and then analysing complex information, reaching well-informed judgements and identifying and presenting relevant issues and recommendations in a timely manner.
  • Knowledge of blockchain, cryptoasset business models and the risks in those models.
  • Experience of formulating case strategies, by assessing risks arising in complex business models and firms’ control environments, personnel and compliance with key regulatory requirements.
  • Demonstrable ability to work with pace and under pressure, using sound judgement and escalating issues appropriately.
  • Demonstration of clear and logical thinking through oral and written work, with an ability to describe complex issues concisely.
  • Knowledge of MLRs, financial crime investigations, policy or compliance, money laundering typologies or ML risks.
  • Experience of assessing the robustness of financial crime control frameworks gained from time spent working in a financial crime function/investigations, financial regulator or consultancy.
  • A sound understanding of good governance and risk management practices and frameworks.
  • Excellent relationship and stakeholder management skills to enable credible engagement and challenge senior internal and external stakeholders.
  • Ability to balance and manage competing priorities, working independently and in a team, and manage several work streams simultaneously deploying project management disciplines.
  • Comfortable with responsibility and managing ambiguity.
  • Quick learner/keen learner – to acquire and develop knowledge of MLRs and the cryptoasset sector
  • Relevant and recent experience working in a regulatory and/or policy /compliance /investigation /legal /merger & acquisitions environment.
  • Experience of applying new rules, guidance or policy, particularly when precedents are being set.
  • Knowledge of wholesale business models including Multilateral Trading Facilities.
  • Knowledge of payments / e-money business models (PSRs, EMRs etc also helpful).
  • Experience of the interaction between regulated and unregulated activities.
  • ACAMS / ICA certification – or equivalent relevant qualification.
About the FCA
At the FCA, we’re creating a fair and more resilient financial system. We’re establishing more transparent relationships between financial services and their customers, building trust in financial markets and protecting vulnerable consumers.
The FCA’s Values & Diversity
Our ambition is to create a diverse and inclusive workplace that reflects the society we serve, helping us to be a better regulator.

As an inclusive employer, we are open to considering flexible working arrangements. Please contact our recruiter if you wish to apply for this role on a flexible basis.

Q&A Session
You are invited to a question and answer session attended by hiring managers in The Payment and Digital Assets Division on Tuesday 17th January and Wednesday 1st February between 6pm and 7pm.
This will be an opportunity for you to get an overview of this exciting journey at the FCA and more detail about these roles.
Please see links below to join;
  • Tuesday 17th January at 6pm

  • Wednesday 1st February at 6pm

Useful Information
  • This role is graded Senior Associate – Regulatory
  • The FCA has a national role and is committed to a national footprint. This role can be based in London (Stratford), Leeds or Edinburgh.
  • The FCA has London and National Pay ranges to reflect regional differences. The salary for this role will be:
    • London – The salary will be £50,000 – £65,000 plus a competitive

      benefits package

      and non-contributory pension.

    • National The salary will be £47,000 – £62,000 plus a competitive

      benefits package

      and non-contributory pension.

  • Applications for this role close on 5th February 2023 (midnight).
  • Applications will be reviewed and progressed weekly from the 16th of January.
Recruitment Process
  • On-line application. Please submit your CV setting out how your experience and/or ability meets the criteria set out above
  • Screening – your application will be reviewed/shortlisted by the recruiting managers.
  • Case Study and Competency-Based Interview (Face-to-Face in our Offices in London, Edinburgh or Leeds)
Please note – applications must be submitted through our online portal. Applications sent via email will not be accepted.
If you are interested in learning more about the role please reach out to Chhavi on

or visit the FCA website (or intranet for internal colleagues)

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