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Right now, cryptocurrencies such as bitcoin and ether are all the rage. Despite public skepticism from some senior Wall Street executives – I’m looking at you, Jamie Dimon – many banks are interested in hiring people with expertise in blockchain, the distributed ledger technology (DLT) that enables cryptocurrencies, smart contracts, recordkeeping and other functions.
The following are open jobs at Wall Street banks that require some level of knowledge of blockchain.
Bank of America Merrill Lynch is looking to hire merchant engagement leads at its San Francisco and Wilmington, Delaware, offices, as well as its Charlotte, North Carolina, headquarters. To get the role, you must have at least 10 years of relevant experience, and an MBA is preferred (although not required). Candidates must have “deep understanding” of core payment systems and emerging technologies such as the Internet of Things (IoT) and blockchain, as well as fraud prevention and authentication methods.
BAML is also seeking attorneys who specialize in global trade and supply chain finance in San Francisco, Chicago, Boston and Charlotte. The role supports that group’s product, sales, operations, contract management and marketing teams, as well as risk management and compliance. You must have at least five years of experience working at a law firm with financial services clients or as in-house counsel, including experience with corporate finance, secured lending, securitization and trade finance. Candidates must be able to facilitate product development and implementation by researching and providing advice on new technologies such as blockchain.
Citi wants to hire a global digital strategy vice president and an SVP at its New York HQ to work on business strategy, planning and administration. The roles are akin to internal consultants that support all of Citi’s businesses and functions and reports into the CTO. A big part of the job is to give a boost to the bank’s digital capabilities by driving the development, adoption and coordination of blockchain, AI, identity protection, open banking and data analytics across the firm. The VP candidate must have between five and 10 years of experience in corporate strategy or strategic consulting, while the SVP must have at least 10.
Citi is interviewing for an Institutional Client Group (ICG) fixed income compliance officer in New York. You should have either in-business or product compliance work experience with fixed income products, securities, foreign exchange and swaps/derivatives. Nice-to-haves (but not must-haves) include Finra Series 7, 63, 24 and 79 registrations, either an MBA or a JD and knowledge of big data, fintech and blockchain technologies.
Citi’s Buffalo, New York, office wants to hire an IS continuity of business (CoB) and controls senior analyst to manage applications technology resiliency and testing deliverables for Citi’s ICG. The role also includes assessment of technology resiliency aspects of emerging technologies such as cloud computing, virtualization, robotic process automation (RPA) and blockchain.
Citi also wants to hire cyber risk assurance analysts in Irving, Texas, and Jacksonville, Florida, with required travel to the Tampa and New York offices. The role is part of the build-out of the bank’s new second-line cyber risk management function across all products, business lines and regions. You need at least three years of experience in IT risk management, cyber security, information security or a related audit function. The hiring manager looks for credentials such as the Certified Information Systems Security Professional (CISSP), Certified Information Security Manager (CISM) and Certified Information Systems Auditor (CISA) certifications. You need to have knowledge of emerging technologies such as the cloud, IoT, data analytics, machine learning and blockchain/cryptocurrencies/DLT.
Despite the doubts of its chairman/CEO, J.P. Morgan is “embarking on a transformation into the high-tech future of institutional trading by incorporating emerging technologies such as blockchain, data science, machine learning, and cyber-security” into its products and services, and it is hiring accordingly.
The markets execution team within J.P. Morgan’s corporate and investment bank (CIB) in New York is looking to hire a senior product designer/UX architect and a senior visual designer (SVD) for interactive products. For either role, you must have at least five years of relevant experience. SVDs are responsible for the bank’s bespoke, multi-channel applications, leading the design effort that incorporates the latest technological trends such as data science, blockchain and new application frameworks.
The CIO, Treasury and corporate (CTC) risk team at J.P. Morgan HQ in New York wants to hire a VP of liquidity risk oversight (LRO) and an executive director-level head of North America intraday liquidity risk. The former must have at least five years of risk-management experience while the latter must have at least seven and will report directly to the chief risk officer. In addition to monitoring and reporting intraday liquidity positions risk limits and indicators across wholesale and retail businesses, both roles involve partnering on new business and risk initiatives, including blockchain.