Financial Crime Analytics Lead

| San Francisco
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Varo is on a mission to redefine banking so it's easy for everyone to make smart choices with their money. Our app offers bank accounts and high-yield savings accounts that don’t cost a thing, tools to help you manage your money and save automatically, and invitation-only personal loans at competitive rates. On the contrary, traditional banks charge fees, offer next-to-nothing savings rates, and don’t work with their customer’s best interests in mind.

Varo is distinct from other fintechs: With preliminary approval for a bank charter from the Office of the Comptroller of the Currency (OCC), we're on our way to becoming the first mobile-centric national bank in the country. Our unique team combines the best people in tech and banking, and we’re wildly passionate about keeping our customers happy by helping them manage and grow their money. Based in San Francisco and privately held, Varo has raised $178M to date, led by Warburg Pincus and The Rise Fund / TPG Growth.

ABOUT FINANCIAL CRIMES TEAM AT VARO

Varo’s Bank Secrecy Act (BSA), Anti-Money Laundering (AML) and Sanctions programs are managed by its Bank Secrecy Officer, while Fraud strategies and program elements are led by the head of Fraud Strategy. This is an opportunity to get in on the ground floor and help build the risk framework for Varo, the bank of the future. This position will support building out the Financial Crime Analytics program for Varo Bank and help establish how we run a central analytical function to work on developing models, reporting and advancing the Financial Crimes program at Varo working in partnership with both Risk, Product, and Engineering teams. This role will provide an opportunity to help build the first mobile-centric national bank in the United States. Because of its unique digital platform and the delivery of its services from the cloud, we are breaking new ground on the compliance and risk framework that we will use as we build the bank. If you are not afraid of new challenges and enjoy working on and helping to create a compliance and operations risk management framework that will serve and protect Varo and its customers, then we want to hear from you!

WE'RE LOOKING FOR AN INDIVIDUAL WHO WILL

  • Enjoy working in an entrepreneurial environment and who are self-starters who can grab responsibility and run with it
  • Like doing analytical work and working in fast-paced and innovative environments
  • Be challenged in building a Financial Crimes Analytics Program that is in sync with business growth but provides a robust risk management framework

IN THIS ROLE YOU WILL

  • Develop models and tools to identify and alert on Financial Crimes across both Fraud and AML
  • Develop documentation supporting models developed at Varo 
  • Design and monitor Key Risk and Key Performance Indicators tracking model performance
  • Be an SME on Risk Data and a liaison to Engineering and Product teams
  • Partner with fraud, information security, AML and compliance teams to develop a holistic financial crimes approach to data science and analytics
  • Innovating fraud and risk analytics and modeling by testing new statistical techniques using analytics and predictive models based on big data sets using a variety of tools and algorithms in the cloud
  • Evaluating new data sets to determine their ability to boost model performance working with internal business teams to understand the overall business objectives of how we are supporting our customers in new processes
  • Proven ability to quickly build and deliver production-ready statistical models for the risk team to support the business objectives
  • Experience with implementing managing and customizing third party models in the Financial Crimes space

PREVIOUS EXPERIENCES THAT'LL HELP YOU BE GREAT

  • Worked in other fin-tech companies
  • Experience in developing Financial Crimes solutions at a financial institution, preferably a minimum of 5-7 years in banking
  • A Masters or above in a quantitative field such as math, statistics, engineering, physics, economics, computer science, or other degrees with a quantitative emphasis 
  • Previous experience working with the banking regulators, e.g., OCC, FDIC, Federal Reserve, CFPB
  • An understanding of cloud-based technologies
  • Experience and passion in machine learning techniques (such as neural networks, random forest)
  • Excellent written and verbal communication skills, interpersonal and collaborative skills

OTHER NICE TO HAVES

  • Proficiency with G-Suite
  • Ability to communicate with all levels of management and staff;
  • A passion for and dedication to mastering the details of any project;
  • Experience managing multiple projects in a fast-paced, high volume environment;
  • Scrappy and game for any task, able to adapt to quick changes in direction;
  • Demonstrates a strong sense of ownership and thought-leadership; and
  • A very high level of intellectual curiosity and a growth mindset

Learn more about Varo by following us at:

Facebook - https://www.facebook.com/varomoney/

Instagram - https://www.instagram.com/varomoney/

LinkedIn - https://www.linkedin.com/company/varo-money-inc./

Twitter - https://twitter.com/varomoney

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Location

222 Kearny St, San Francisco, CA 94108

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