Leading global investment banking, securities and investment management giant, Goldman Sachs, have listed a job opening for a project manager of their digital asset team.
The New York based investment firm that just recently saw a change in its top brass after welcoming now CEO David M. Solomon in October 2018, who later also was named as the firm’s chairman in January this year, has stressed the need for that vacant position to be filled.
The firm has made it clear that the executive level position will be responsible for the development of “comprehensive road maps for distributed ledger technology” that will “play an integral role in helping define both the scope and direction of the business,” according to the job posting.
The job listing comes quite soon after Goldman Sachs CEO David Solomon announced last month his bank could “absolutely” follow up JP Morgan Chase in launching its own cryptocurrency. Solomon said at the time, in a report published by the Block that the bank was extensively researching the crypto space. He mentioned Stablecoins and asset tokenization, as areas the firm was seriously looking at and exploring.
The job opening is part of the firm-wide initiative, which aims to bring together different bank divisions to drive innovation and growth. The new hire will consult the institution’s risk, compliance, legal, and finance teams to develop “unprecedented projects”. The project manager will be expected to animate the firm’s crypto endeavors and just like the chairman said about following in the footsteps of JP Morgan chase, could maybe help lay the groundwork for the launch of the investment firm’s own cryptocurrency.
This is not the first time that Goldman Sachs is involved in crypto and the Blockchain. Last year, the firm flirted with the idea of creating a crypto fund and secure storage service to limit the risk of hacking, and fraud. Some believed at the time that the move would lead to the firm launching other custodial services such as brokerage. Goldman Sachs also got involved in crypto, by becoming one of the first banks along with Morgan Stanley to use a Blockchain based payments service developed by IBM and CLS, which is a currency trading utility.
News of this job opening comes hot on the heels of a LinkedIn report that job openings related to crypto were growing rapidly in Singapore. With the crypto space still being in its nascent stages, it is expected that these opportunities will continue to grow with time.
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