Financial Crimes Analyst

Varo Bank • Charlotte, NC

1d

About The Position

Varo’s Financial Crimes Investigations (FCI) program works to safeguard the financial sector from misuse and provide actionable intelligence to law enforcement. It supports AML processes including transaction monitoring alert and case investigations, Enhanced Due Diligence reviews of high-risk customers, information sharing and law enforcement requests, and Suspicious Activity Report filings.

The Financial Crimes Analyst conducts targeted investigations to identify patterns and trends indicative of money laundering, terrorist financing, fraud, cyber crime, and other potential violations of laws and regulations. The role may also involve project-based work with teams across risk, product, fraud operations, and engineering to recommend enhancements, improve efficiency and processes, and refine procedures to ensure risks are appropriately mitigated.

Requirements

• Prior experience with BSA/AML regulations and Financial Crime Compliance at a FinTech or innovative financial institution.
• At least 2 years of transaction monitoring and surveillance investigation experience in anti-money laundering, counter-terrorism, anti-bribery, and/or anti-fraud.
• At least 2 years of experience 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 or filing Suspicious Activity Reports.
• Ability to use judgment to make risk-based decisions with current, sometimes limited, information.
• Ability to prioritize workflows and meet deadlines.
• Excellent written and verbal communication, interpersonal, and collaborative skills.

Responsibilities

• Review moderate and complex transaction monitoring and surveillance alerts, conduct case investigations, and recommend suspicious activity determinations.
• Prepare and review case and SAR narratives describing 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 BSA/AML regulations and FinCEN Guidelines to identify current financial crimes trends.
• Collaborate with teams in risk, product, fraud operations, and engineering on project-based enhancements, efficiency and process improvements, and procedure refinement.

What This Job Offers

• Job Type: Full-time
• Education Level: No Education Listed