Financial Crimes Analyst

Varo Bank•Salt Lake City, UT

About The Position

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. 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.

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

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