AML Analyst

About the Opportunity

For companies building financial technology and transforming the financial services space, the biggest bottleneck to their growth and innovation is often the underlying banks and infrastructure stack they rely on. Individuals involved in founding and scaling companies have seen this problem firsthand — builders and developers needing to partner with traditional banks, and creating API and abstraction layers over the patchwork that is the bank, its core, and many other vendors. All of this results in a complex (and often expensive) banking supply chain involving a user, fintech, BaaS middleware provider, bank, core and the Federal Reserve. The organization set out to simplify and fix this. It is a bank and a software company built from the ground up, offering builders and developers technology-forward banking solutions that cut out the hundreds of vendors, middleware providers, and abstraction layers. This means a safer, more transparent, and less costly banking supply chain. Come build with the team!

The Opportunity

The Financial Crimes team is responsible for protecting the Bank and its customers from money laundering, fraud, economic sanction evaluations, foreign corruption, and terrorist financing violations. The program is designed to ensure the Bank, U. S. financial system, and the country are protected from illicit actors who exploit banking services with nefarious and criminal intent.

What You'll Do

• Perform extensive investigations related to transaction monitoring and customer due diligence that could implicate potential money laundering, fraud, or terrorist financing
• Prepare and document triage investigations and their dispositions according to FINCEN/FFIEC expectations and Bank Procedures
• Prepare detailed escalation and dismissal narratives per FFIEC expectations and Bank procedures
• Maintain organized documentation related to financial crimes activities, including investigations, audits, and regulatory exams
• Perform day-to-day activities consistent with safe and sound business practices and regulatory requirements

What You'll Need to Be Successful

• Bachelor’s degree and/or equivalent experience performing investigations for a regulated financial institution
• 2+ years of experience with BSA/AML and OFAC laws and regulations
• CAMS certification preferred, but not required
• Detail-oriented with excellent interpersonal, written, and verbal communication skills
• Knowledge of AML typologies and red flags
• Experience preparing and documenting financial crimes investigations in accordance with FFIEC expectations

What You'll Get

• Comprehensive health, dental, and vision plans, including options that are 100% covered by the organization for you
• FSA and HSA account options to enable use of pre-tax money for medical and dependent care expenses
• Paid PTO, including 80 hours of vacation and 80 hours of sick leave each year
• Eligibility to participate in the organization’s 401k plan, including self-directed brokerage options

Pay Transparency

The US hourly rate range for this role is $30.00-$35.00. This position is non-exempt, meaning individuals in this role will be eligible for overtime pay in accordance with California labor law.