Sr. Financial Crimes Analyst

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.

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 Reports (SAR) filings.

This role will be a Senior Financial Crimes Analyst in Varo’s Financial Crimes Investigations (FCI) team. This person acts in a supervisory capacity for analysts who conduct targeted investigations to identify patterns/trends indicative of money laundering, terrorist financing (ML/TF), fraud, cybercrime, 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, and fraud operations to recommend enhancements, efficiency, and process improvements, and refine procedures to ensure risks are appropriately mitigated.

What you'll be doing::
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Review alert, case, and SAR narratives submitted by your team

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Oversee and mentor team members, providing investigative feedback and quality assurance (QA) and quality checking (QC) support

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Collaborate with peer groups and leaders to ensure all applicable risks are mitigated in the investigation

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Gather feedback and recommendations and translate them into business requirements to improve Varo’s AML program effectiveness

You’ll bring the following required skills and experiences::
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Worked in other FinTech’s or innovative Financial Institutions, with prior experience in BSA/AML regulations and Financial Crime Compliance

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2+ years of prior transaction monitoring & surveillance investigations experience in anti-money laundering (AML), counter-terrorism, anti-bribery, and/or anti-fraud experience

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2+ years of experience working as an intelligence analyst or in counter-threat finance in the DoD, IC, LE, or supporting communities

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Experience reviewing alerts, conducting case investigations, and drafting/filing Suspicious Activity Reports (SARs)

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Ability to get work done, knowing when to use judgment to make risk-based decisions with current (and sometimes limited) information

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Ability to prioritize workflows and ensure deadlines are met

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Excellent written and verbal communication skills, interpersonal and collaborative skills to effectively facilitate feedback and coaching conversations

We recognize not everyone will have all of these requirements. If you meet most of the criteria above and you’re excited about the opportunity and willing to learn, we’d 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. We’re a new kind of bank – all-digital, mission-driven, FDIC-insured, 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 customer-first 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.

Learn more about Varo by following us:
Facebook - https://www.facebook.com/varomoney
Instagram - www.instagram.com/varobank
LinkedIn - https://www.linkedin.com/company/varobank

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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