JPMorgan Chase & Co has announced job posts calling for crypto-savvy employees and those with experience in Bitcoin and Ethereum. The job postings all reveal the bank’s intentions to include digital currency services as part of its banking merchant and consumer payment services, though very cautiously.
JPMorgan has announced a post for a “Cryptocurrency Risk Manager Vice President” to be based in Chicago. According to the posting, the VP would work with the bank’s risk management team to help the bank identify and manage risks associated with digital currencies. He or She will develop the bank’s “digital currency knowledge,” work with partners, and provide “supporting analyses for various line of business initiatives.”
Other recently announced posts that reveal the bank’s crypto intentions include a “Cryptocurrency Risk Manager Associate”, tasked with “understanding the current market and regulatory landscape.” The associate will also help the bank’s compliance and risk management teams to mitigate risks associated with crypto.
Also, part of the roles of a to-be-hired Vice President in the bank’s New Payment Methods team will be to “partner closely with product and field teams specifically focusing on enabling new payment methods.” The bank did not exclusively mention crypto in this posting.
These postings tell of a bank that has a desire to expand its offerings in digital assets, especially in consumer payments and its merchant services which generate the worth of $1 trillion+ in annual transactions.
The bank has continued to dip its toes in crypto and digital assets since turning around its public view on cryptocurrencies, popularly associated with its CEO Jamie Dimon’s Bitcoin is fraud remarks in 2017. It now has its digital currency called JPM coin and the Onyx blockchain project created by the bank last year.
Additionally, the bank announced on its website in March, a total of 34 blockchain posts, most of which are related to developing and managing Onyx.