Financial Crimes Associate
About The Position
We’re looking for a Financial Crimes Associate to join our growing Financial Crimes team! As a Financial Crimes Associate you will focus on real-time management of alerts and escalations of potential suspicious incidents to combat fraud. Working closely with investigators, you will review escalations from other business lines and determine if fraud is potentially occurring. Your focus will be on fraud detection, mitigation and loss prevention across lending and banking products. Candidates may also be trained in assessing alerts related to transaction monitoring related to potential suspicious activity as it relates to anti-money laundering requirements. The ideal candidate will seek to achieve the optimal balance between customer experience and fraud prevention, and maintain that balance as the business grows and fraud trends evolve. You will apply your analytical and problem-solving skills to identify trends in fraud, assessing incidents in near real-time, and potentially proposing efficiencies and solutions to address Fraud and recommend them to management.
Requirements
- 1+ years of experience related to anti-money laundering, fraud, or compliance in a financial institution or relevant law enforcement experience.
- Comfortable making impactful decisions in a fast paced environment.
- Strong problem-solving and analysis skills, combined with effective judgment and excellent oral and written communication skills.
- General knowledge of Fraud and / or AML operations, policies and procedures.
- Enthusiasm and interest in Fraud and BSA/AML compliance and related services.
- Ability and willingness to communicate effectively in providing Fraud and BSA/AML
- Willingness to provide guidance and expertise to other staff, and to prepare clear and concise written documents.
- Strong organizational and time management skills.
Nice To Haves
- CAMS, CFE or compliance certifications favorably considered.
Responsibilities
- Assist in the administration of the Bank Secrecy Act and Fraud Program, with primary emphasis on transaction monitoring, fraud incidents and supporting Figure’s obligations related federal law and regulations associated with the reporting of suspicious activity or criminal activity including money laundering, potential terrorist financing, fraudulently obtained loans, and other activities related to banking and lending.
- Monitor assigned operational tasks and identify fraud.
- Minimize loss by taking action, and escalating incidents to management as appropriate.
- Deploy mitigation strategies as directed that balance customer satisfaction with fraud prevention.
- Maintain a thorough understanding of state and federal laws and regulations related to bank secrecy and anti-money laundering appropriate to the position.
- Evaluate customer transactions and applications using manual and automated processes for evidence of Fraud and BSA targeted acts.
- Escalate incidents and cases to ensure SARs and Elder Abuse Financial Abuse reports are reported within federal timeframes.
- Maintain compliance with the Customer Identification Program (CIP), Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), Office of Foreign Asset Control (OFAC) and Elder / Dependent Abuse regulations.
- Assist in transaction monitoring and the administration and mitigation of alerts.
Benefits
- Comprehensive health, vision, and dental insurance with 100% employer-paid premiums for employees and their dependents on select plans
- Company HSA, FSA, Dependent Care, 401k, and commuter benefits
- Employer-funded life and disability insurance coverage
- 11 Observed Holidays & PTO plan
- Up to 12 weeks paid family leave
- Continuing education reimbursement
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
Number of Employees
501-1,000 employees
