[Hiring] Financial Crimes Associate @Figure Lending

Role Description

We’re looking for a Financial Crimes Associate to join our growing Financial Crimes team. In this role, you will focus on real-time management of alerts and escalations of potential suspicious incidents to combat fraud and resolve potential money laundering issues. Working closely with investigators, you will:

• Review escalations from other business lines to determine whether fraud may be occurring.
• Review customer applications for onboarding and alerts generated from our transaction monitoring systems for both traditional and crypto products.
• Focus on fraud detection, mitigation, and loss prevention across lending and banking products.
• Be trained in assessing transaction monitoring alerts for potential suspicious activity as it relates to anti-money laundering requirements.

The ideal candidate will seek the optimal balance between customer experience and fraud prevention, applying analytical and problem-solving skills to identify fraud trends and propose efficiencies and solutions to management.

What You’ll Do

• Assist in the administration of the Bank Secrecy Act and Fraud Program, focusing on transaction monitoring and fraud incidents.
• Monitor assigned operational tasks and identify fraud; minimize loss by taking action and escalating incidents to management as appropriate.
• Maintain a thorough understanding of state and federal laws and regulations related to bank secrecy and anti-money laundering.
• Evaluate customer transactions and applications for evidence of fraud and BSA-targeted acts.
• Escalate incidents to ensure SARs and Elder/Financial Abuse reports are filed within federal timeframes.
• Maintain compliance with Customer Identification Program (CIP), Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and Office of Foreign Assets Control (OFAC) requirements.
• Assist in transaction monitoring and in the administration and mitigation of alerts.
• Adhere to all company security policies and data handling procedures.
• Promptly report any suspected security incidents or suspicious activity to the Security team.

Qualifications

• 1+ years of experience related to anti-money laundering, fraud, or compliance in a financial institution, or relevant law enforcement experience.
• Comfort making impactful decisions in a fast-paced environment.
• Strong problem-solving and analysis skills, combined with effective judgment and excellent oral and written communication skills.
• General knowledge of fraud and/or AML operations, policies, and procedures.
• Enthusiasm and interest in fraud and BSA/AML compliance and related services.
• Ability and willingness to communicate effectively in providing fraud and BSA/AML guidance and expertise to other staff.
• Strong organizational and time management skills.
• CAMS, CFE, or other compliance certifications favorably considered.

Requirements

• Note: This role may require work on weekends or unusual hours that could extend into late evenings or early mornings, depending on business need.
• Adhere to all company security policies and data handling procedures.
• Complete mandatory security awareness training within required timeframes.
• Promptly report any suspected security incidents or suspicious activity to the Security team.
• The schedule for this role is Saturday to Wednesday.

Salary

• Base Compensation Range: $28.46 - $42.69/hour
• 25% annual bonus target, paid quarterly
• Company equity in the form of RSUs
• This is the compensation range for the role in the United States. Actual compensation may vary based on a candidate’s experience, skills, location, internal equity, and evolving business needs.

Benefits

• Comprehensive medical, dental, and vision coverage, with 100% employer-paid premiums for employees and their dependents on select plans.
• Company HSA, FSA, Dependent Care FSA, 401(k), and commuter benefits.
• Employer-paid life and disability insurance.
• 11 observed holidays and PTO plan.
• Up to 12 weeks of paid family leave.
• Continuing education reimbursement.