Lead Financial Crimes Analyst

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about 3 years old

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

ABOUT FINANCIAL CRIME COMPLIANCE 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 provide actionable intelligence to law enforcement. We are looking for a new colleague to join the Financial Intelligence Unit (FIU) within the BSA Office at Varo. This is a unique opportunity to get in on the ground floor and help build the risk framework for Varo, the bank of the future. 

ABOUT THE LEAD FINANCIAL CRIMES ANALYST ROLE
This role will be a senior/lead analyst in Varo’s Financial Intelligence Unit (FIU). Our FIU 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 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. As the FIU grows at Varo, this person will take on team leader responsibilities within the FIU, supporting and mentoring other analysts, while also executing daily, to ensure the overall success of the FIU. This role will also include project based work, collaborating with counterparts in the risk organization, product, and engineering teams, to recommend enhancements, efficiency and process improvements, and refine procedures to ensure risks are appropriately mitigated. 

If you are looking for an opportunity to make AML investigative processes better and look at data as the solution, this role will provide you an opportunity to help build the program at the first all-digital national bank in the United States. If you are not afraid of new challenges, passionate about safeguarding the financial sector, and protecting Varo and its customers, then we want to hear from you!

WE'RE LOOKING FOR AN INDIVIDUAL WHO WILL

  • Enjoy working in an entrepreneurial environment and who are self-starters who can grab responsibility and run with it
  • Like doing analytical/investigative work in a fast-paced, dynamic, and innovative environment
  • Bring consistency and structure to a newly developed organization while leveraging data to innovate and reduce Financial Crime and Operational risks

    • WHAT YOU WILL DO

  • Review transaction monitoring & surveillance (TMS) alerts, conduct case investigations, and determine if activity is suspicious
  • 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)
  • Oversee and mentor junior team members, providing investigative feedback and quality assurance (QA) and quality checking (QC) support
  • Refine desktop investigative procedures, making process recommendations to increase efficiency and risk mitigation effectiveness.
  • Gather feedback and recommendations and translate into business requirements, and working directly with product and engineering teams to improve Varo’s AML program effectiveness

    • PREVIOUS EXPERIENCES AND SKILLS THAT WILL HELP YOU BE GREAT

  • Worked in other FinTech’s or innovative Financial Institutions, with prior experience in BSA/AML regulations and Financial Crime Compliance
  • 4+ years of prior transaction monitoring & surveillance investigations experience in anti-money laundering (AML), counter-terrorism, anti-bribery, and/or anti-fraud experience
  • 4+ 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 judgement to make risk based decisions with current (and sometimes limited) information
  • Ability to prioritize work flows and ensure deadlines are met
  • Excellent written and verbal communication skills, interpersonal and collaborative skills

    • THE THREE SKILLS THAT MATTER MOST
    Nobody can be great at everything, but we’re looking for candidates who are extraordinary at: 
  • Prior relevant experience: You’ve done this before, can bring that experience to the table and hit the ground running
  • Team Player: True team player that is “humble, hungry, and smart” in all you do
  • Sense of Humor: This work is serious business, but you also know how to have fun and bring in tactful levity while working hard.

    • OTHER NICE TO HAVES

  • Ability to spot patterns, gather data and articulate findings in a concise meaningful summary 
  • Proficiency with G-Suite (Google Docs, Google Sheets, Google Slides etc.) and Slack
  • Ability to communicate with all levels of management and staff
  • Experience managing multiple deliverables in a fast-paced, high volume environment
  • Demonstrates a strong sense of ownership and thought-leadership
  • Familiarity with how to read, write and diagnose SQL queries, plus any Data Analysis experience (e.g., R, Python, Excel, etc.)
  • A very high level of intellectual curiosity and a growth mindset


    • About Varo
    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. 

    Varo. A bank for all of us.

    Our Core Values
    - Customers First
    - Take Ownership
    - Respect
    - Stay Curious
    - Make it Better


    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.

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