Robinhood begins its search for a sanctions investigator

The online broker is looking for employees for a financial crimes unit

24.10.2022 - 12:45

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2 min

What’s new? Online broker Robinhood is looking for a sanctions investigator for its financial crimes unit. This position requires two years of experience in financial crimes investigations and one year of investigating cryptocurrency transactions. The applicants will be tasked with analyzing alerts about possible interactions between Robinhood customers and restricted parties. The broker added that he expects to hire “more growth-minded and collaborative people to be a part of our journey in democratizing finance for all.

Hiring announcement

What else is known about the vacancy? Sanctions investigators will manage all aspects of the investigation, including in-depth analysis of internal and external data sources. The employee’s day-to-day responsibilities also include annotating findings providing proof of evidence and a final decision. In the event that the findings are questionable, the data must be turned over to Sanctions Investigation management.

What is known about Robinhood? The online broker was founded in 2012, it provides investors with access to financial markets and allows them to trade stocks, ETFs, options, cryptocurrencies, and share fractions. There are no fees for trading on the platform. The company’s stock trades under the ticker HOOD on the US Nasdaq Stock Exchange. As of October 24, the price per security is $10,14, adding 3,15% in 24 hours (according to Investing.com).

In August, the New York State Department of Financial Services (NYDFS) fined Robinhood $30 million for violating anti-money laundering laws and cybersecurity policies. The regulator noted that the company did not have enough staff to comply with AML and Bank Secrecy Act. In the same month, it was reported that Robinhood reduced its staff by 23% amid the difficult situation in the cryptocurrency market.

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