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Financial Crimes Analyst

Varo Money

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Job Details

Location: Charlotte NC Tours, Uptown, Charlotte, Mecklenburg County, North Carolina, 28280, USA Posted: Jun 21, 2024

Job Description

Varo is an entirely new kind of bank. All digital, mission-driven, FDIC insured and designed for the way our customers live their lives. A bank for all of us. About Financial Crimes Risk Management at Varo Varo’s Financial Crimes Investigations (FCI) program is made up of forward-thinking creative and enthusiastic individuals, who are constantly striving to safeguard the financial sector from misuse and provide actionable intelligence to law enforcement. Our FCI supports various AML processes, including transaction monitoring alert/case investigations, Enhanced Due Diligence (EDD) reviews of high-risk customers, information sharing and law enforcement requests, and Suspicious Activity Report (SAR) filings. About the Role This role will be a Financial Crimes Analyst in Varo’s Financial Crimes Investigations (FCI) team. This person will conduct targeted investigations to identify patterns/trends indicative of money laundering, terrorist financing (ML/TF), fraud, cyber crime, and other potential violations of laws and regulations. This role may also include some project based work, collaborating with counterparts in the risk organization, product, fraud operations, and engineering teams, to recommend enhancements, efficiency, and process improvements, and refine procedures to ensure risks are appropriately mitigated.

What you’ll be doing:

    • Review transaction monitoring & surveillance (TMS) alerts, conduct case investigations, and recommend suspicious activity determinations
    • Prepare and review case and SAR narratives of red flags, suspicious activity, and adverse information
    • Conduct historical transactional reviews, assist with law enforcement and information sharing requests via 314(a) and 314(b)
    • Refine desktop investigative procedures, making process recommendations to increase efficiency and risk mitigation effectiveness.
    • Enjoy working in an entrepreneurial environment and who are self-starters who can grab responsibility and run with it
    • Like doing analytical/investigative work in a fast-paced, dynamic, and innovative environment

You’ll bring the following required skills and experiences:

    • Worked in other FinTech’s or innovative Financial Institutions, with prior experience in BSA/AML regulations and Financial Crime Compliance
    • 2+ years of prior transaction monitoring & surveillance investigations experience in anti-money laundering (AML), counter-terrorism, anti-bribery, and/or anti-fraud experience
    • 2+ years of experience working as an intelligence analyst or in counter threat finance in the DoD, IC, LE, or supporting communities
    • Experience reviewing alerts, conducting case investigations, and drafting/filing Suspicious Activity Reports (SARs)
    • Ability to get work done, knowing when to use judgment to make risk based decisions with current (and sometimes limited) information
    • Ability to prioritize work flows and ensure deadlines are met
    • Excellent written and verbal communication skills, interpersonal and collaborative skills
$55,000 - $75,000 a year For cash compensation, we set standard ranges for all US-based roles based on function, level, and geographic location, benchmarked against similar-stage growth companies. Per applicable law, the salary range for this role is $55,000 - $75,000. Final offer amounts are determined by multiple factors as well as candidate experience and expertise and may vary from the identified range. We recognize not everyone will have all of these requirements. If you meet most of the criteria above and you’re excited about the opportunity and willing to learn, we’d love to hear from you! About Varo Varo launched in 2017 with the vision to bring the best of fintech into the regulated banking system. We’re a new kind of bank – all-digital, mission-driven, FDIC-insured, and designed around the modern American consumer. As the first consumer fintech to be granted a national bank charter in 2020, we make financial inclusion and opportunity for all a reality by empowering everyone with the products, insights, and support they need to get ahead. Through our core product offerings and suite of customer-first features, we aim to address a broad range of consumer needs while profitably serving underserved communities that have been historically excluded from the traditional financial system. We are growing quickly in our hub locations of San Francisco, Salt Lake City, and Charlotte along with colleagues located across the country. We have been recognized among Fast Company’s Most Innovative Companies, Forbes’ Fintech 50, and earned the No. 7 spot on Inc. 5000’s list of fastest-growing companies across the country. Varo. A bank for all of us. Our Core Values - Customers First - Take Ownership - Respect - Stay Curious - Make it Better Learn more about Varo by following us: Facebook - Instagram - LinkedIn - Twitter - Engineering Blog - SoundCloud - Varo is an equal opportunity employer. Varo embraces diversity and we are committed to building teams that represent a variety of backgrounds, perspectives, and skills. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status. Beware of fraudulent job postings! Varo will never ask for payment to process documents, refer you to a third party to process applications or visas, or ask you to pay costs. Never send money to anyone suggesting they can provide work with Varo. If you suspect you have received a phony offer, please e-mail [email protected] with the pertinent information and contact information. CCPA Notice at Collection for California Employees and Applicants: Apply for this job

About Varo Money

Varo Money is mobile banking app with no account fees, high-yield savings, early direct deposit. Available iOS and Android.

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