Financial Crimes Associate

About Figure

Figure is transforming the trillion dollar financial services industry using blockchain technology.

In three short years, Figure has unveiled a series of fintech firsts using the Provenance blockchain for loan origination, equity management, private fund services, banking and payments sectors - bringing speed, efficiency and savings to both consumers and institutions. Today, Figure is one of less than a thousand companies considered a unicorn, globally.

Our mission requires us to have a creative, team-oriented, and supportive environment where everyone can do their absolute best. The team is composed of driven, innovative, collaborative, and curious people who love architecting ground-breaking technologies. We value individuals who bring an entrepreneurial mindset to every task and will embrace our culture of innovation.

Every day at Figure is a journey in continuous learning yet a daily focus on getting work done that makes a difference. Join a team of proven leaders who have already created billions of dollars in value in the FinTech space!

• Forbes America’s Best Startup Employers
• Forbes Top 50 Blockchain Companies
• Figure Series D Announcement

About the Role

We’re looking for a Financial Crimes Associate to join our growing Financial Crimes team! As a Financial Crimes Associate you will focus on real time management of alerts and escalations of potential suspicious incidents to combat fraud. Working closely with investigators, you will review escalations from other business lines and determine if fraud is potentially occurring. Your focus will be on fraud detection, mitigation and loss prevention across lending and banking products.

Candidates may also be trained in assessing alerts related to transaction monitoring related to potential suspicious activity as it relates to anti money laundering requirements.

The ideal candidate will seek to achieve the optimal balance between customer experience and fraud prevention, and maintain that balance as the business grows and fraud trends evolve. You will apply your analytical and problem solving skills to identify trends in fraud, assessing incidents in near real time, and potentially proposing efficiencies and solutions to address Fraud and recommend them to management.

This role may require work on weekends or unusual hours that could extend into late evenings or early mornings (depending on business need).

What You’ll Do

• Assist in the administration of the Bank Secrecy Act and Fraud Program, with primary emphasis on transaction monitoring, fraud incidents and supporting Figure’s obligations related federal law and regulations associated with the reporting of suspicious activity or criminal activity including money laundering, potential terrorist financing, fraudulently obtained loans, and other activities related to banking and lending.
• Monitor assigned operational tasks and identify fraud. Minimize loss by taking action, and escalating incidents to management as appropriate. Deploy mitigation strategies as directed that balance customer satisfaction with fraud prevention.
• Maintain a thorough understanding of state and federal laws and regulations related to bank secrecy and anti-money laundering appropriate to the position.
• Evaluate customer transactions and applications using manual and automated processes for evidence of Fraud and BSA targeted acts.
• Escalate incidents and cases to ensure SARs and Elder Abuse Financial Abuse reports are reported within federal timeframes. Maintain compliance with the Customer Identification Program (CIP), Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), Office of Foreign Asset Control (OFAC) and Elder / Dependent Abuse regulations.
• Assist in transaction monitoring and the administration and mitigation of alerts.

What We Look For

• 1+ years of experience related to anti-money laundering, fraud, or compliance in a financial institution or relevant law enforcement experience.
• Comfortable 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, and to prepare clear and concise written documents.
• Strong organizational and time management skills.
• CAMS, CFE or compliance certifications favorably considered.

Benefits and Perks

• Competitive salary and growth opportunities
• Company quarterly performance based bonus
• Equity stock options package
• Employer funded comprehensive health, vision, dental insurance and wellness program for employees and their dependents
• Employer funded life and disability insurance coverage
• Company HSA, FSA, Dependent Care, 401k, and commuter benefits
• Up to 12 weeks paid family leave
• In office, remote, and hybrid work location options
• Home office and technology stipend for those working outside of a traditional office more than 75% of the time
• Flexible time-off plan to empower employees to take the time off that they want and need
• Continuing education reimbursement
• Routine Team swag deliveries!

Depending on your residential location certain laws might regulate the way Figure manages applicant data. California Residents, please review our California Employee and Prospective Employee Privacy Notice for further information. By submitting your application, you are agreeing and acknowledging that you have read and understand the above notice.

Figure will not sponsor work visas for this position. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire.

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