Some Good Job Opps Involving Bitcoin....in Major Banks and U.S. Treasury

Monday, 28/04/2014 | 11:41 GMT by Leon Pick
Some Good Job Opps Involving Bitcoin....in Major Banks and U.S. Treasury

Professional full-time jobs are not too common in the world of cryptocurrency, save for the largest and fastest growing companies like Coinbase.

Yet, the technology seems to be making its way into the job description in companies that technically have nothing to do with Bitcoin . Despite all of its recent struggles, the technology is moving beyond peripheral industries like mining and hardware to grab the attention of mainstream financial institutions in their day-to-day activities.

TD Bank is the U.S. subsidiary of Canada-based Toronto-Dominion Bank, one of the largest financial institutions in North America. In their advertised "Core Bank Platform Strategy Manager" position, one of the position duties is: "Engages in R&D; along with our Architecture partners." This entails looking at the current state and future state of the business technology landscape. In addition, there is a third category: "What does TD want to be? Mobile, paypal, bitcoin...."

Many financial institutions would find such talk blasphemous, especially in the risk-averse landscape of Canadian banking which has already taken unaccommodating positions toward Bitcoin.

CapitalOne has a posting whose mention of Bitcoin is less provocative, but nonetheless eye-opening. The position is for a Data Scientist in the Capital One Labs division, a team "that’s leading the next wave of disruption at a whole new scale, using the latest in distributed computing technologies and operating across billions and billions of customer transactions to unlock the big opportunities that help everyday people save money, time and agony in their financial lives."

On any given day, the chosen applicant will be "Investigating the impact of new technologies like Google Glass, Leap Motion, smart watches, Bitcoin, and iBeacons on the future of mobile banking and the financial world of tomorrow."

On the other side of the coin, the U.S. Treasury is hiring for an "Assistant Director, Compliance Outreach & Implementation":

"Specialized experience; for the GS-15, you must have one year of specialized experience.....Specialized experience for this position includes an expert knowledge of and demonstrated experience with ALL of the following: Banking operations, Securities.....Payment messaging systems (example: Fedwire, ACH, IAT, CHPS, SWIFT)Emerging payment systems (example: BITCOIN)...."

The description does not go into detail for what the Bitcoin knowledge is to be used for. Apparently, the need is an in-depth knowledge of money-transfer and payment technologies for the purposes of compliance enforcement.

Professional full-time jobs are not too common in the world of cryptocurrency, save for the largest and fastest growing companies like Coinbase.

Yet, the technology seems to be making its way into the job description in companies that technically have nothing to do with Bitcoin . Despite all of its recent struggles, the technology is moving beyond peripheral industries like mining and hardware to grab the attention of mainstream financial institutions in their day-to-day activities.

TD Bank is the U.S. subsidiary of Canada-based Toronto-Dominion Bank, one of the largest financial institutions in North America. In their advertised "Core Bank Platform Strategy Manager" position, one of the position duties is: "Engages in R&D; along with our Architecture partners." This entails looking at the current state and future state of the business technology landscape. In addition, there is a third category: "What does TD want to be? Mobile, paypal, bitcoin...."

Many financial institutions would find such talk blasphemous, especially in the risk-averse landscape of Canadian banking which has already taken unaccommodating positions toward Bitcoin.

CapitalOne has a posting whose mention of Bitcoin is less provocative, but nonetheless eye-opening. The position is for a Data Scientist in the Capital One Labs division, a team "that’s leading the next wave of disruption at a whole new scale, using the latest in distributed computing technologies and operating across billions and billions of customer transactions to unlock the big opportunities that help everyday people save money, time and agony in their financial lives."

On any given day, the chosen applicant will be "Investigating the impact of new technologies like Google Glass, Leap Motion, smart watches, Bitcoin, and iBeacons on the future of mobile banking and the financial world of tomorrow."

On the other side of the coin, the U.S. Treasury is hiring for an "Assistant Director, Compliance Outreach & Implementation":

"Specialized experience; for the GS-15, you must have one year of specialized experience.....Specialized experience for this position includes an expert knowledge of and demonstrated experience with ALL of the following: Banking operations, Securities.....Payment messaging systems (example: Fedwire, ACH, IAT, CHPS, SWIFT)Emerging payment systems (example: BITCOIN)...."

The description does not go into detail for what the Bitcoin knowledge is to be used for. Apparently, the need is an in-depth knowledge of money-transfer and payment technologies for the purposes of compliance enforcement.

About the Author: Leon Pick
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