A bank for the way you live.
Our mission is financial inclusion and opportunity for all. We offer full-service bank accounts with no minimum balance requirement or monthly fees, high-interest savings accounts, and solutions to build, repair, and access affordable credit. We use the latest technology to create products and features that help our customers live better financial lives.
Varo Bank is distinct from other fintechs: We’ve made history as the first and only consumer fintech to be granted a national bank charter by the Office of the Comptroller of the Currency (OCC). We represent the evolution of a new breed of bank that’s born from innovation and built on technology to empower consumers and businesses.
Our team, based in San Francisco and Salt Lake City, combines the best of both consumer tech and banking, and we’re wildly passionate about helping our customers succeed. Privately held, we’ve raised over $419M to date from leading institutional investors and strategic partners including Warburg Pincus, The Rise Fund / TPG Growth, Gallatin Point Capital, Harbourvest Partners, and Progressive Insurance.
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 FINANCIAL CRIMES ANALYST ROLE
This role is for a Financial Crimes 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. By joining Varo’s fast growing FIU 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 Varo’s BSA program. 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.
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!