Financial Crimes Specialist
Financial Crimes Specialist
Posted on :
06-05-2025
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1 Vacancy
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Job Description
Varo is an entirely new kind of bank. All digital missiondriven FDIC insured and designed for the way our customers live their lives. A bank for all of us.
ABOUT FINANCIAL CRIMES RISK MANAGEMENT AT VARO:
Varos Financial Crimes Investigations (FCI) program is made up of forwardthinking 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 highrisk customers information sharing and law enforcement requests and Suspicious Activity Report (SAR) filings.
ABOUT THE ROLE:
In this foundational role this person will work on Varos FCI Team and 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. We are looking for new team members to join FCI within the Financial Crimes Risk Management/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.
By joining Varos fast growing FCI team now there will be much opportunity to take ownership drive change find and implement procedural efficiencies and have a direct impact on the overall success of Varos BSA program. Additionally this person will assist in supporting some of the operational elements within the FCI team such as facilitating customer reach outs updating account statues and notes onboarding new team members and liaising with other internal teams as needed. This role may also include project based work collaborating with other teams in the risk organization to enhance efficiency and refine procedures ensuring 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 alldigital 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!
What youll be doing
- Review transaction monitoring & surveillance (TMS) alerts conduct historical transactional reviews conduct case investigations and recommend suspicious activity determinations
- Support operational FCI team operational elements such as facilitating customer reach outs updating account statues and notes and liaising with other internal teams
- Prepare case and SAR narratives summarizing red flags suspicious activity and adverse information
- Refine desktop investigative procedures making process recommendations to increase efficiency and risk mitigation effectiveness
- Gather feedback and recommendations and translate into business requirements to improve Varos AML program effectiveness
Youll bring the following required skills and experiences
- Worked in other FinTechs or innovative Financial Institutions with prior experience in BSA/AML regulations and Financial Crime Compliance
- 1 years of prior transaction monitoring & surveillance investigations experience in financial crimes counterterrorism antibribery and/or antifraud experience
- 1 years of experience working as an intelligence analyst or in counter threat finance in the DoD IC LE or supporting communities or other relevant experience
- 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
- Extremely organized and have the ability to prioritize work flows and ensure deadlines are met
- Excellent written and verbal communication skills interpersonal and collaborative skills
$50000 $55000 a year
For cash compensation we set standard ranges for all USbased roles based on function level and geographic location benchmarked against similarstage growth companies. Per applicable law the salary range for this role is $50000 $55000. Final offer amounts are determined by multiple factors as well as candidate experience and expertise and may vary from the identified range.
This role is also eligible for a bonus equity and competitive benefits.
We recognize not everyone will have all of these requirements. If you meet most of the criteria above and youre excited about the opportunity and willing to learn wed love to hear from you!
About Varo
Varo launched in 2017 with the vision to bring the best of fintech into the regulated banking system. Were a new kind of bank alldigital missiondriven FDICinsured and designed around the modern American consumer.
As the first consumer fintech to be granted a national bank charter in 2020 we make financial inclusion and opportunity for all a reality by empowering everyone with the products insights and support they need to get ahead. Through our core product offerings and suite of customerfirst features we aim to address a broad range of consumer needs while profitably serving underserved communities that have been historically excluded from the traditional financial system.
We are growing quickly in our hub locations of San Francisco Salt Lake City and Charlotte along with colleagues located across the country. We have been recognized among Fast Companys Most Innovative Companies Forbes Fintech 50 and earned the No. 7 spot on Inc. 5000s list of fastestgrowing companies across the country.
Varo. A bank for all of us.
Our Core Values
Customers First
Take Ownership
Respect
Stay Curious
Make it Better
Learn more about Varo by following us:
Facebook 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.
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 email with the pertinent information and contact information.
CCPA Notice at Collection for California Employees and Applicants:
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