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Robinhood Plans to Hire Sanctions Investigators Ahead of Self-Custody Crypto Wallet Launch

UTC by Tolu Ajiboye · 3 min read
Robinhood Plans to Hire Sanctions Investigators Ahead of Self-Custody Crypto Wallet Launch
Photo: Depositphotos

Robinhood has released a detailed job ad for sanctions investigators, covering prior experiences and day-to-day tasks.

Brokerage app Robinhood (NASDAQ: HOOD) is reportedly looking to employ the services of sanctions investigators. A job ad put out by the multifaceted financial services company reads:

“We’re looking for more growth-minded and collaborative people to be a part of our journey in democratizing finance for all.”

This quest comes amid reports that Robinhood seeks to expand its offerings to include a self-custody crypto wallet. According to Robinhood’s job ad, applicants should have experience in crypto, and may also have a working understanding of Chainalysis. Robinhood specifies that although this helps, a Chainalysis experience is not compulsory.

The job requirement specifies no less than two years of experience working in financial crimes investigation. In addition to this, Robinhood is also seeking applicants with more than a year’s experience investigating digital currency transactions.

Robinhood Shoots for Diversity in Sanctions Investigators Hires

Although Robinhood is clear on its requirements, the company also encouraged a broader range of applications. As part of the Robinhood job ad reads:

“If you’re ready to give 100% in helping us achieve our mission—we’d love to have you apply even if you feel unsure about whether you meet every single requirement in this posting. At Robinhood, we’re looking for people invigorated by our mission, values, and drive to change the world, not just those who simply check off all the boxes.”

The projected Robinhood sanctions investigators will work in the California-headquartered firm’s finance crimes compliance unit. According to the Linkedin post which touches on the role, Robinhood says:

“The Sanctions Investigators will manage all aspects of investigation including the in-depth analysis of internal and external data sources.”

Employed sanctions investigators will work on self-custody wallets at the finance crimes compliance unit. Robinhood intends to launch these wallets sometime in the coming months. The firm does have Robinhood Wallet, a standalone app on the Apple Store. The app is in beta and allows users to transact crypto without network fees.

Robinhood also enumerated some of the expected daily responsibilities of successful applicants. These include reviewing and analyzing alerts of potential matches of Robinhood customers to denied parties, and escalating true positive matches to the Sanctions Office. Furthermore, Robinhood also says incoming employees will manage the investigative process from initial detection to disposition and reporting. Lastly, the company expects its new sanctions officers to annotate findings providing proof of evidence and a final decision.

Robinhood Wallet

In other similar news, Robinhood launched its Web3 wallet beta last month. Officially called Robinhood Wallet, this wallet beta supports the Polygon blockchain as its first network. Furthermore, Robinhood stated that its service would be available to 10,000 iOS customers. According to reports at the time, there were more than 1 million people on the waitlist for the Robinhood Wallet.

Blockchain News, Cryptocurrency News, News
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