Financial Crimes Analyst

About the role

This role is a Financial Crimes Analyst in Varo’s Financial Crimes Investigations (FCI) team. The position involves conducting 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.

Responsibilities

• Review moderate and complex 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)
• Maintain a strong understanding of the BSA/AML regulations and FinCEN Guidelines required to identify current financial crimes trends

Requirements

• 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 workflows and ensure deadlines are met
• Excellent written and verbal communication skills, interpersonal and collaborative skills

Qualifications

This role requires a Bachelor's degree in Finance, Criminal Justice, Law Enforcement, Computer Science, Information Technology, or a related field. Additionally, candidates must have 2+ years of prior transaction monitoring & surveillance investigations experience in anti-money laundering (AML), counter-terrorism, anti-bribery, and/or anti-fraud experience. Prior experience in BSA/AML regulations and Financial Crime Compliance is preferred.

Skills

• Strong analytical and problem-solving skills
• Excellent written and verbal communication skills
• Ability to work independently and as part of a team
• Knowledge of BSA/AML regulations and FinCEN Guidelines

Benefits

Varo offers a competitive benefits package, including a standard range for cash compensation based on function, level, and geographic location, as well as the possibility for bonuses, equity, and other perks. The company is also committed to fostering a diverse and inclusive workplace.

Pay

Varo sets standard ranges for all US-based roles based on function, level, and geographic location, benchmarked against similar-stage growth companies. Final offer amounts are determined by multiple factors, including candidate experience and expertise and may vary from the identified range.

Schedule

The role is offered on a hybrid schedule.