Senior Risk Investigator - AML
MercurySalary not specified
Full Time
Senior (5 to 8 years)
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Technology, Lending, Banking, SecuritiesIndustries
Requirements
The ideal candidate will have expertise in Cryptocurrency and ACH/Fiat transactions, with the ability to track, investigate, and make sound risk-based decisions to mitigate unlawful or potentially suspicious activity. A thorough understanding of state and federal laws and regulations related to bank secrecy and anti-money laundering is required. Familiarity with current banking and financial services delivery, including traditional banking and cutting-edge transfers of funds via virtual wallets, stablecoins, and crypto is also necessary.
Responsibilities
The Senior Financial Crimes Investigator will assist in the Bank Secrecy Act and Fraud Program, focusing on transaction monitoring, fraud trend analysis, and supporting federal laws related to reporting suspicious activity, money laundering, potential terrorist financing, and fraudulently obtained loans. Responsibilities include monitoring and identifying fraud, assisting in mitigation strategies that balance customer satisfaction with fraud prevention, evaluating customer transactions and applications for fraud and BSA targeted acts, and ensuring SARs and Elder Abuse Financial Abuse reports are filed within federal timeframes. The role also involves maintaining compliance with CIP, CDD, EDD, OFAC, and other relevant regulations, and collaborating with Product, Engineering, Credit, and Operations teams to manage risks and launch new products.
Skills
Bank Secrecy Act (BSA) Compliance
Fraud Prevention
Investigations
OFAC
AML
Fraud Detection
Fraud Mitigation
Loss Prevention
Lending Products
Banking Products
Financial Crimes
Figure
Blockchain-based home equity lending solutions
About Figure
Figure is a financial technology company that uses blockchain technology to improve financial transactions, specifically in the home equity lending market. It offers products like Home Equity Lines of Credit (HELOCs) and mortgage refinancing, allowing homeowners to access their home equity quickly and efficiently. The application process is fully online, enabling homeowners to receive funds in as little as five days, which is much faster than traditional banks that can take weeks or months. Figure ensures secure and cost-effective transactions through blockchain, and it generates revenue from origination fees and interest on loans, with competitive rates starting at 3.49% APR. Targeting homeowners across various U.S. states, Figure aims to meet the demand for quick access to home equity for purposes like home improvements or debt consolidation.
San Francisco, CaliforniaHeadquarters
2018Year Founded
$406.6MTotal Funding
SERIES_DCompany Stage
Fintech, Crypto & Web3Industries
201-500Employees
Benefits
Health & wellness - Figure pays 100% of premium costs for employees and dependents for medical, dental, and vision insurance (with the exception of costs associated with the buy-up medical plan.)
Continuing education - Figure will reimburse eligible employees for approved continuing education that either offers growth in an area related to his or her current position or that may lead to promotional opportunities.
Flexible time off - We offer 10 company-wide holidays plus one personal holiday, generous Flexible Time Away (FTA), Paid Time Off (PTO), and Paid Parental Leave.
Bonus & stock options - Figure’s Bonus Plan recognizes and rewards eligible employees’ efforts and contributions. Eligible employees are also granted an option to purchase a set number of shares of Figure’s common stock.
Risks
Recent layoffs may indicate financial instability or restructuring challenges.
New piggyback loan product could increase financial risk amid housing affordability issues.
Volatile crypto market could impact Figure's blockchain initiatives.
Differentiation
Figure uses blockchain to offer fast, secure home equity access in five days.
The company provides a fully online application process, unlike traditional banks.
Figure's competitive interest rates start as low as 3.49% APR.
Upsides
Increased blockchain adoption boosts Figure's secure transaction offerings.
Figure Connect taps into the demand for liquid private capital markets.
Michael Tannenbaum's appointment as CEO suggests potential for growth.
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