EDD Analyst III at Coinbase

Hyderabad, Telangana, India

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Cryptocurrency, Financial ServicesIndustries

Requirements

Minimum 4 years of compliance experience (Enhanced Due Diligence [EDD])
Minimum Bachelor’s degree or equivalent
Knowledge of on-boarding checks, entity types and AML/KYC laws, guidelines (e.g. BSA, OFAC, FinCEN guidance), and rules for financial products & services
Strong written/verbal communication, critical thinking, and problem-solving skills
Experience working with Google Sheet, Google Doc, Excel, Word
Flexible and adaptable to the evolving needs of a high-growth and fast paced organization environment
Multi-tasking ability, team-oriented, and a self-starter
Ability to work with limited direction from management when situations occur
Intermediate to advanced level in PowerPoint/Google Slides and Excel/Google Sheets
Ready to support in 24*7 environment

Responsibilities

Lead and execute comprehensive EDD on High-risk customers, transactions, and high-net worth individuals, ensuring thorough risk assessment
Review, analyze, and validate KYC information to ensure it aligns with internal policies, regulatory requirements, and quality standards
Identify, assess, and escalate suspicious activities with precision, providing clear and actionable recommendations
Complete review in a timely and efficient manner, ensuring application of risk based approach helping mitigating any AML risk and at the same time ensuring a good customer experience
Make recommendations on process improvements to increase efficiency and accuracy
Provide mentorship and guidance to junior analysts, fostering a culture of excellence and continuous improvement
Collaborate with internal support teams across Data Analytics, Escalations teams, Financial Crime Compliance, and L&D to help launch or improve existing processes and workflow
Utilize an in-depth understanding of metrics to drive data-driven recommendations
Maintain awareness of regulatory updates and incorporate process and procedural changes in the due diligence review process
Identify process gaps and work with stakeholders within CX and financial crime to improve the process. Provide regular insights, recommendations and feedback to Client Service Management
Continuously add value through effective impact analysis, prioritization, root cause analysis and efficient execution of initiatives
Tackle routine problems, largely through precedent and referral to general guidelines

Skills

KYC

EDD

AML

BSA

Risk Assessment

Regulatory Compliance

Customer Onboarding

High Net Worth Individuals

Suspicious Activity Escalation

Transaction Review

Coinbase

Digital currency wallet and transaction platform

About Coinbase

Coinbase provides a platform for buying, selling, and storing digital currencies like bitcoin, ethereum, and litecoin. Users can create a digital wallet to manage their cryptocurrency transactions easily. The platform is designed to be user-friendly, making it accessible for both merchants and consumers. Unlike many competitors, Coinbase focuses on building trust with its users through reliable services and a straightforward interface. The company's goal is to create an open financial system that promotes innovation and equal opportunities in the digital currency space.

San Francisco, CaliforniaHeadquarters

2012Year Founded

$616.1MTotal Funding

IPOCompany Stage

Fintech, Crypto & Web3Industries

5,001-10,000Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

401(k) Company Match

Risks

Increased political spending may lead to regulatory backlash.

Emergence of competitors like Remittix threatens Coinbase's market share.

Legal challenges from CBBTC launch could harm financial and reputational standing.

Differentiation

Coinbase offers a user-friendly platform for digital currency transactions and storage.

The company has expanded its European presence by acquiring BUX Europe Limited.

Coinbase integrates Apple Pay for seamless fiat-to-crypto conversions.

Upsides

Acquisition of BUX Europe Limited enhances Coinbase's regulatory compliance in the EEA.

Digital asset lending program for Prime clients boosts revenue potential.

Avant-garde educational platform increases user engagement and trust.

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