Financial Crime Analytics, Sr. Analyst

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about 3 years old

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ABOUT VARO
Varo is an entirely new kind of bank. All digital, mission driven, FDIC insured, and designed for the way our customers live their lives.

We're on a mission to bring financial inclusion and opportunity to all hard-working Americans. Through our mobile app, we offer premium bank accounts that have no minimum balance requirement or monthly account fees, high-interest savings accounts, short term lending and solutions to help customers stretch their paycheck, build credit and start saving. Our tech-first products are designed to make money work for everyone and help customers and communities build greater financial resiliency.

Varo is distinct from other fintechs: we've made history as the first and only consumer fintech to be granted a full national bank charter by the Office of the Comptroller of the Currency (OCC).

Varo Bank represents the evolution of a new generation of banks that are born from innovation and built on technology to empower consumers and businesses.

Our team combines the best of both consumer tech and banking, and we’re wildly passionate about helping our customers. Our teams are based in San Francisco and Salt Lake City. Privately held, we’ve raised over $482M to date, from leading institutional investors and strategic partners including Warburg Pincus, The Rise Fund, Gallatin Point Capital, Harbourvest Partners, Progressive Insurance, and Russell Westbrook Enterprises.

Varo is entrepreneurial, collaborative, enthusiastic, customer-oriented, fast-paced, and multicultural.  This is an open and relatively flat organization that puts an emphasis on collaboration, sharing ideas and information. For a relatively early stage company, Varo is grounded in a strong set of values and takes pride in the diversity of its employees and board. 

Varo. A bank for all of us.

ABOUT FINANCIAL CRIMES RISK MANAGEMENT AT VARO
Varo’s Bank Secrecy Act (BSA)/Anti-Money Laundering (AML), and Sanctions program is made up of forward-thinking creative, and enthusiastic individuals, who are constantly striving to safeguard the financial sector from misuse and providing actionable intelligence to law enforcement. We are looking for a new colleague to join the FinCrime Analytics within the BSA Office to establish and maintain a reporting framework to support the monitoring and management of various programs/models deployed in the group. Initially, you will use SQL, Tableau, Python, and other BI reporting tools to design dashboards, reports, and presentations for risk managers and senior management.
 
Consequently, upon successful completion and review of the report, you will be working with the head of analytics to assess the risk associated with the findings and will come up with creative solutions to mitigate the risks. In this regard, the knowledge of main AI/ML techniques, statistics while not necessary but is a huge plus.

WHAT YOU'LL DO

  • Build a BSA/AML reporting function from the ground up 
  • Ensure timely and accurate reporting of model performance for models and processes 
  • Work with internal teams to take manual reporting process and move these process to automated processes 
  • Design and implement executive dashboards 
  • Analyze, edit, and write complex SQL in a data lake environment
  • Analyze data against industry benchmarks, understanding variance for any discrepancies 
  • Maintain databases and perform updates to ensure accuracy 
  • Accurately analyze and collect data for various types of reporting
  • Monitor trends to identify changes in performance
  • Create reports that provide insights into key data points 
  • Collaborate with the head of analytics to research and build AI/ML as well as simple rule-based models to enhance the existing tools.

    • SKILLS AND EXPERIENCES THAT'LL HELP YOU BE GREAT

  • Bachelor Degree in a related field
  • At least 2 years of data analytics experience using SQL, Tableau, and other big data tools; preferably in a financial services environment
  • At least 2 years of experience using Python to create reports as well as knowledge of statistics and well-known AI/ML techniques.
  • Highly developed ability to analyze and present data effectively
  • Ability to work collaboratively and engage with both technical and non-technical stakeholders
  • Ability to manage multiple tasks in a fast-paced environment
  • Organization and time management skills, specifically working to deadlines with multiple deliverables 
  • Passionate about the details and ensuring reports are easy to digest, complete, accurate, and meaningful

    • THE THREE SKILLS THAT MATTER MOST
    Nobody can be great at everything, but we’re looking for candidates who are extraordinary at: 
  • Strong problem solving, analytical, and communication skills, both written and verbal
  • Self-starter with a high level of intellectual curiosity and growth mindset
  • Understanding of data analysis and reporting 

    • OTHER NICE TO HAVES

  • Knowledge of well-known modeling techniques
  • Being scrappy and game for any task, able to adapt and pivot
  • Passionate about Varo’s mission
    • CULTURAL ALIGNMENT
    Varo is entrepreneurial, collaborative, enthusiastic, customer-oriented, fast-paced, and multicultural.  This is an open and relatively flat organization that puts an emphasis on collaboration, sharing ideas and information. For a relatively early stage company, Varo is grounded in a strong set of values and takes pride in the diversity of its employees. 

    OUR CORE VALUES
    Customers First: Understand the problems our customers are trying to solve. Respond with a sense of urgency. Build relationships that result in loyalty. Be data and insights-driven. Test everything. Achieve results through strong execution. Build a product people love.  Assess new initiatives with the customers’ interest in mind. Act with empathy. 

    Take Ownership: Bias towards action. Have high standards. Be accountable for the results of your work, our product, our company. Trust others to own it.

    Respect: Treat others how you want to be treated. Listen first before being heard. Speak the truth even when it's not easy. Assume best intentions. Bring your full self to work.

    Stay Curious: Ask why. Dare to make things better. Learn something new each day (even from mistakes). Be open to growth. Develop creative solutions.

    Make it Better: Think big. Set high goals. Work towards long term value rather than short term wins. Create change. Be resilient.


    Varo is an equal opportunity employer. Varo embraces diversity and we are committed to building teams that represent a variety of backgrounds, perspectives, and skills. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.

    Learn more about Varo by following us:

    Beware of fraudulent job postings!
    Varo will never ask for payment to process documents, refer you to a third party to process applications or visas, or ask you to pay costs. Never send money to anyone suggesting they can provide work with Varo.  If you suspect you have received a phony offer, please e-mail [email protected] with the pertinent information and contact information.

    Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.