Financial Crimes Analyst

Varo Bank; Charlotte (NC); On-site; USD 90,000 - 120,000; Full time

Job summary

Varo Bank is seeking a Financial Crimes Analyst to join the Financial Crimes Investigations (FCI) team in Charlotte, NC. The role focuses on targeted investigations to identify patterns of money laundering, fraud, and other financial crimes, coordinating with risk, product, and engineering teams to improve processes and controls.

You will review alerts, draft SARs, and support law enforcement requests while staying current with BSA/AML guidance.

Qualifications

• 2+ years of transaction monitoring & surveillance investigations in AML/ML/TF.
• 2+ years as an intelligence analyst or counter-threat finance in DoD/IC/LE.
• Experience reviewing alerts, conducting investigations, and drafting SARs.
• Strong understanding of BSA/AML regulations and FinCEN guidelines.

Responsibilities

• Review moderate and complex transaction monitoring alerts and investigations.
• Prepare and review SAR narratives of red flags and suspicious activity.
• Conduct historical reviews and assist with law enforcement information requests.
• Maintain up-to-date knowledge of BSA/AML regulations and trends.

Skills

BSA/AML regs

Transaction monitoring

SAR drafting

Intelligence analysis

Risk-based decisions

Communication skills

Financial Crime investigations

Job description

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 Job

Varo’s Financial Crimes Investigations (FCI) 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. Our FCI 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 role will be a Financial Crimes Analyst in Varo’s Financial Crimes Investigations (FCI) team. 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. This role may also include some project based work, collaborating with counterparts in the risk organization, product, fraud operations, and engineering teams, to recommend enhancements, efficiency and process improvements, and refine procedures to ensure risks are appropriately mitigated.

Responsibilities

• Review moderate and complex transaction monitoring & surveillance (TMS) alerts, conduct case investigations, and recommend suspicious activity determinations
• 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)
• Maintain a strong understanding of the BSA/AML regulations and FinCEN Guidelines required to identify current financial crimes trends

Skills & Qualification

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

For cash compensation, we set standard ranges for all US-based roles based on function, level, and geographic location, benchmarked against similar-stage growth companies. Final offer amounts are determined by multiple factors as well as candidate experience and expertise and may vary from the identified range.

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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