Financial Crimes Specialist (Charlotte, NC)

| Charlotte, NC
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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.

About the Financial Crimes Risk Management Team:
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 Report (SAR) filings. 

About the role:
This person will work on Varo’s FCI Team, and 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. We are looking for new team members to join FCI within the Financial Crimes Risk Management/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. 

By joining Varo’s fast growing FCI 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. Additionally, this person will assist in supporting some of the operational elements within the FCI team, such as facilitating customer reach outs, updating account statues and notes, onboarding new team members, and liaising with other internal teams as needed. This role may also include project based work, collaborating with other teams in the risk organization to enhance efficiency and refine procedures, ensuring 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!

As a Financial Crimes Specialist, you’ll...

  • Review transaction monitoring & surveillance (TMS) alerts, conduct historical transactional reviews, conduct case investigations, and recommend suspicious activity determinations
  • Support operational FCI team operational elements, such as facilitating customer reach outs, updating account statues and notes, and liaising with other internal teams
  • Prepare case and SAR narratives, summarizing red flags, suspicious activity, and adverse information 
  • Refine desktop investigative procedures, making process recommendations to increase efficiency and risk mitigation effectiveness.
  • Gather feedback and recommendations and translate into business requirements, to improve Varo’s AML program effectiveness

You’re a person who...

  • Enjoys working in an entrepreneurial environment and who are self-starters who can grab responsibility and run with it
  • Likesdoing analytical/investigative work in a fast-paced, dynamic, and innovative environment
  • Brings consistency and structure to a newly developed organization while leveraging data to innovate and reduce Financial Crime and Operational risks

You have the following required experience...

  • Worked in other FinTech’s or innovative Financial Institutions, with prior experience in BSA/AML regulations and Financial Crime Compliance
  • 1+ years of prior transaction monitoring & surveillance investigations experience in anti-money laundering (AML), counter-terrorism, anti-bribery, and/or anti-fraud experience
  • 1+ years of experience working as an intelligence analyst or in counter-threat finance in the DoD, IC, LE or supporting communities, or other relevant experience
  • Experience reviewing alerts, conducting case investigations, and drafting/filing Suspicious Activity Reports (SARs)
  • Ability to get work done, knowing when to use judgment to make risk-based decisions with current (and sometimes limited) information
  • Extremely organized and have the ability to prioritize workflows and ensure deadlines are met
  • Excellent written and verbal communication skills, interpersonal and collaborative skills

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.

We are growing quickly in our hub locations of San Francisco, Salt Lake City, and Charlotte along with colleagues located across the country. We have been recognized among Fast Company’s Most Innovative Companies, Forbes’ Fintech 50, and earned the No. 7 spot on Inc. 5000’s list of fastest-growing companies across the country.

Varo. A bank for all of us.

Our Core Values
- Customers First
- Take Ownership
- Respect
- Stay Curious
- Make it Better


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.

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
Twitter - https://twitter.com/varobank
Engineering Blog - https://medium.com/engineering-varo
SoundCloud - https://soundcloud.com/varobank

Beware of fraudulent job postings!
Varo will never ask for payment to process documents, refer you to a third party to process applications or visas, or ask you to pay costs. Never send money to anyone suggesting they can provide work with Varo. If you suspect you have received a phony offer, please e-mail [email protected] with the pertinent information and contact information.

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