Financial Crimes Analyst

Varo Bank; Salt Lake City (UT); On-site; USD 70,000 - 100,000; Full time

Job summary

Varo Bank is seeking a Financial Crimes Analyst to join the Financial Crimes Investigations team in Salt Lake City. You will conduct targeted investigations into patterns of ML/TF, fraud, cybercrime, and other potential violations, collaborating with risk, product, fraud, and engineering teams to enhance processes and mitigation strategies.

The role emphasizes reviewing alerts, drafting narratives, and supporting law enforcement requests, with a focus on staying abreast of current regulations

Qualifications

• 2+ years of experience in AML/transaction monitoring and case investigations
• Experience in intelligence analysis or counter-threat finance in DoD/IC/LE
• Experience drafting Suspicious Activity Reports (SARs)
• Worked in FinTech or innovative financial institutions with BSA/AML exposure
• Ability to prioritize workflows and meet deadlines

Responsibilities

• Review and investigate moderate to complex transaction monitoring alerts and surveillance cases
• Prepare SAR narratives and document red flags and adverse information
• Conduct historical transaction reviews and assist with law enforcement and information-sharing requests
• Maintain up-to-date knowledge of BSA/AML regulations and FinCEN guidelines

Skills

AML investigations

Transaction monitoring

Intelligence analysis

SAR drafting

Communication skills

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.

Notice At Collection For Employees And Applicants

Varo Candidate Privacy Notice