We're on a mission to empower hard-working Americans to achieve greater financial resilience; arming them with the products and support they need to create healthy financial habits. Through our mobile app, we offer customers premium bank accounts that have no minimum balance requirement or monthly account fees, high-interest savings accounts, and solutions to build, repair, and access credit. Our state-of-the-art technology provides tech-first features to help people achieve their financial goals and manage their money more easily.
Varo 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). Our unique team combines the best of tech and banking, and we’re wildly passionate about keeping our customers happy by helping them manage and grow their money. Our teams are based in San Francisco and Salt Lake City. 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 SENIOR ANALYST ROLE
This role will be a senior 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. As the FIU grows at Varo, this person will take on team leader responsibilities within the FIU, supporting and mentoring other analysts, while also executing daily, to ensure the overall success of the FIU. This role will also include project based work, collaborating with counterparts in the risk organization, product, 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!