Fraud Analyst

SpaceXAI•Palo Alto, CA

3d•$115,000 - $140,000

About The Position

SpaceXAI’s mission is to create AI systems that can accurately understand the universe and aid humanity in its pursuit of knowledge. Our team is small, highly motivated, and focused on engineering excellence. This organization is for individuals who appreciate challenging themselves and thrive on curiosity. We operate with a flat organizational structure. All employees are expected to be hands-on and to contribute directly to the company’s mission. Leadership is given to those who show initiative and consistently deliver excellence. Work ethic and strong prioritization skills are important. All employees are expected to have strong communication skills. They should be able to concisely and accurately share knowledge with their teammates. We are seeking a Fraud Analyst to join our BSA/AML team. In this role, you will support the detection, investigation, and mitigation of financial crime risks, with a strong emphasis on fraud-related activity. You will play a key part in ensuring XMoney remains compliant with Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and related regulations while protecting the company and its customers from fraud and illicit activity.

Requirements

Minimum of 2 years of direct experience in fraud investigation, fraud operations, or fraud risk management within the financial services or fintech sector.
Working knowledge of BSA/AML regulations, OFAC sanctions, and related compliance frameworks.
Experience using transaction monitoring systems, case management platforms, and fraud detection tools.
Strong analytical skills with the ability to interpret complex data and identify patterns of suspicious or fraudulent activity.
Excellent written and verbal communication skills, including the ability to draft clear investigative narratives and regulatory filings.

Nice To Haves

Experience in a fintech, payments, or digital banking environment.
CAMS, CFE, or other relevant compliance/fraud certifications.
Familiarity with SAR filing processes and FinCEN requirements.
Experience collaborating across Fraud, Compliance, and Risk functions.
Knowledge of emerging fraud trends (e.g., account takeover, synthetic identity, payment fraud, mule activity)

Responsibilities

Monitor, investigate, and escalate potential fraud, money laundering, and suspicious activity alerts using transaction monitoring systems and case management tools.
Conduct thorough reviews of customer activity, account behavior, and transaction patterns to identify red flags related to fraud and financial crime.
Perform customer due diligence (CDD), enhanced due diligence (EDD), and ongoing monitoring reviews.
Collaborate with Engineering and senior management to investigate complex cases and recommend risk mitigation actions.
Maintain accurate documentation of investigations, findings, and decisions to support audit and regulatory examinations.
Assist in the development, testing, and tuning of transaction monitoring rules and fraud detection scenarios.
Stay current on emerging fraud typologies, AML regulations, and industry best practices; contribute to policy and procedure updates.
Support internal and external audits, regulatory exams, and independent reviews of the BSA/AML program.
Provide guidance and training to front-line staff on fraud and AML red flags as needed.