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Chainalysis Jobs in Chicago, IL (NOW HIRING)

Senior Merchant Underwriter

Chicago, IL · On-site

$100K - $140K/yr

Interest in cryptocurrency and/or blockchain analytics expertise (Chainalysis, Merkle, Elliptic, TRM Labs). * Bachelor's degree Why Join Coinflow? * Build from the ground up - Shape our financial ...

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$9

$27

$63

How much do chainalysis jobs pay per hour?

As of Jul 30, 2026, the average hourly pay for chainalysis in Chicago, IL is $27.04, according to ZipRecruiter salary data. Most workers in this role earn between $15.54 and $31.58 per hour, depending on experience, location, and employer.

What is Chainalysis and what does the company do?

Chainalysis is a blockchain data platform that provides compliance and investigative tools to government agencies, cryptocurrency businesses, and financial institutions. Their software helps track and analyze blockchain transactions to detect illicit activity, enhance transparency, and ensure regulatory compliance. Chainalysis is widely used for preventing money laundering, investigating cybercrimes, and supporting safe adoption of cryptocurrencies. The company is recognized as a leader in blockchain analytics and works closely with law enforcement agencies worldwide.

What are some of the unique challenges faced by analysts at Chainalysis when investigating cryptocurrency transactions?

Analysts at Chainalysis often encounter the challenge of tracing funds across a complex and pseudonymous blockchain environment. Unlike traditional finance, blockchain transactions can involve multiple wallets, mixing services, or cross-chain movements, requiring both technical expertise and creative problem-solving. Additionally, analysts must stay updated on rapidly evolving tactics used by illicit actors to obscure their activity. Collaboration with other team members, such as data scientists and law enforcement liaisons, is essential to piece together actionable intelligence from disparate data sources.

What are the key skills and qualifications needed to thrive as a Chainalysis Analyst, and why are they important?

To thrive as a Chainalysis Analyst, you need a solid background in data analysis, blockchain technology, and financial crime investigation, often supported by a degree in computer science, finance, or a related field. Familiarity with Chainalysis software, blockchain explorers, and certification in crypto compliance or AML tools is highly valued. Strong analytical thinking, attention to detail, and effective communication are essential soft skills for interpreting complex data and interacting with stakeholders. These capabilities are crucial for uncovering illicit activity, ensuring regulatory compliance, and supporting trust and transparency in the crypto ecosystem.

What is the difference between Chainalysis vs Blockchain Analyst?

AspectChainalysisBlockchain Analyst
Required CredentialsCertifications in blockchain analysis, cybersecurity, or related fieldsKnowledge of blockchain technology, data analysis skills, sometimes certifications
Work EnvironmentTechnology companies, financial institutions, government agenciesFinancial firms, consulting agencies, blockchain startups
Industry UsageUsed as a tool for blockchain investigation and compliancePerforms blockchain data analysis and reporting

While Chainalysis is a company providing blockchain analysis software, a Blockchain Analyst is a professional who performs blockchain data analysis. Both roles require knowledge of blockchain technology, but Chainalysis focuses on software solutions, whereas Blockchain Analysts apply these tools in various organizations to investigate transactions and ensure compliance.

What cities near Chicago, IL are hiring for Chainalysis jobs? Cities near Chicago, IL with the most Chainalysis job openings:
Infographic showing various Chainalysis job openings in Chicago, IL as of July 2026, with employment types broken down into 97% Full Time, and 3% Temporary. Highlights an 77% Physical, and 23% Remote job distribution, with an average salary of $56,238 per year, or $27 per hour.

Senior Merchant Underwriter

Coinflow

Chicago, IL • On-site

$100K - $140K/yr

Full-time

Medical, Retirement

Re-posted 21 days ago


Job description

About Coinflow
Coinflow is the next-generation payment service provider revolutionizing global financial infrastructure with stablecoins, AI-driven fraud prevention, and instant settlement. Coinflow enables businesses to grow faster with instant settlement, fraud & chargeback indemnity, global pay-ins, multi-currency FX, and unified payouts. Founded in 2023, the company serves marketplaces, fintechs, remittance providers, gaming platforms, and ecommerce merchants worldwide.
Since our seed round in 2024, we've achieved 23x revenue growth and scaled to multi-billion-dollar annual transaction volume. In response to this growth, Coinflow announced a $25M Series A in October 2025-led by Pantera Capital, CMT Digital, Coinbase Ventures, Jump Crypto, and Reciprocal Ventures-accelerating our mission to power the world's fastest-moving businesses with innovative, reliable global payments.
Coinflow is proudly headquartered in Chicago, IL. Learn more at coinflow.cash.
The Role
As a Senior Merchant Underwriter, you will perform critical analyses on all merchant applications. This includes reviews of licenses, legal opinions, transaction activity, and credit risk. You will hold independent decision making authority for standard merchant applications and serve as a lead advisor for high-risk sectors (e.g., Crypto, Real Money Gaming, Remittance); for these complex reviews, you will determine the optimal underwriting posture and present formal approval, approval with mitigation, or decline recommendations to risk & executive leadership.
What You'll Do
  • New Business Underwriting: Evaluate merchant applications, ensuring that merchants are operating Legally, within Card Scheme Rules, and within Coinflow's operational risk appetite. This includes credit reviews to ensure financial stability and the ability to cover potential chargeback liabilities.
  • Backbook & Portfolio Reviews: Complete refresher reviews of the existing merchant portfolio, such as reviewing updated licenses, legal opinions, or Financial Statements to ensure that merchants are still operating compliantly and manage any changes to their risk profile.
  • Alert Investigation: Perform investigations on Chargeback Spikes, ACH Returns, or other indicators of changes to a merchants risk profile.
  • Process & Efficiency Projects: Drive process improvement or tooling projects to improve efficiency and scale our Underwriting program.
  • Regulatory & Scheme Adaptation: Lead initiatives to update internal processes and policies in response to emerging card partner/scheme requirements, laws, or new regional expansions.
  • Risk Mitigation: Determine actionable conditions for approval, such as implementing reserves, transaction limits, or enhanced monitoring.
  • Collaborate cross-functionally: Partner with Compliance, Product, Engineering, and Operations to help build scalable Underwriting solutions.

Required Qualifications
  • 4+ years in fintech, payments, banking, or financial services Underwriting.
  • Understanding of payment processing, merchant acquiring, and transaction risk.
  • Familiarity with evaluating high regulatory risk business models, such as business related to crypto, remittance, real money gaming, and prediction markets.
  • Proven track record meeting SLAs, and performance expectations
  • Strong analytical skills with ability to work with data and make evidence-based decisions.
  • Excellent communication skills and comfort operating in ambiguous, fast-paced environments.
  • Proficiency in spreadsheet software (Excel/Google Sheets) for data modeling, trend analysis, and synthesis of merchant processing data.

Preferred Qualifications
  • Experience working transaction monitoring systems and case management platforms.
  • SQL and business intelligence tools (e.g., Tableau, Looker).
  • Background in high-growth payment companies.
  • Interest in cryptocurrency and/or blockchain analytics expertise (Chainalysis, Merkle, Elliptic, TRM Labs).
  • Bachelor's degree

Why Join Coinflow?
  • Build from the ground up - Shape our financial crimes program with executive visibility
  • High-growth opportunity - Join during a pivotal phase with room to expand your role with team and scope
  • Cutting-edge work - Operate at the intersection of compliance, crypto, and innovative payment technology
  • Competitive package - Strong salary, equity, comprehensive benefits, and professional development support
  • Collaborative culture - Work with talented, mission-driven people building the future of payments

The base salary range for this role is $100,000 to $140,000 USD. The actual base salary offered depends on a variety of factors, including but not limited to experience, education, skills, qualifications and business needs.
In addition, the employee who fills this role will be eligible for an equity grant, allowing you to share in the long-term success of the company. You will also have access to a wide array of benefits, including health and wellness benefits, 401(k) savings plan, and flexible time off.
Join the team rewriting how money moves worldwide-and become a driving force in the $194 trillion cross-border payments market.