AML Compliance Manager, Flex
$137-156k
+ Company equity
Flexible rent payment application
Be an early applicant
Flexible rent payment application
501-1000 employees
Be an early applicant
$137-156k
+ Company equity
501-1000 employees
Company mission
Flex's mission is to empower as many renters as possible with flexibility over their most significant recurring expense.
Role
Who you are
- Advanced spreadsheet skills are essential for organizing, interpreting, and presenting findings in a clear and actionable manner
- This role requires a keen eye for detail, strong problem-solving abilities, and a commitment to ensuring compliance with AML regulations
- The ideal candidate will be passionate about maintaining the integrity of financial systems, thrive in data-driven environments, and possess strong communication skills to escalate and report findings effectively
- Bachelor’s degree in Finance, Business or related field
- 2-4 years of experience in AML compliance
- Strong analytical, writing and project management skills
- Experience conducting investigations and drafting Suspicious Activity Reports (SARs)
- Experience using SQL queries and synthesizing large data sets
- Advanced spreadsheet skills for data organization, analysis, and reporting
- Experience with AML compliance tools or transaction monitoring systems
- Effective written and verbal communication skills for escalating and reporting findings
- Experience with financial services, fintech, or high-growth startups is highly desirable
- CAMs certification is a plus
What the job involves
- This role focuses on safeguarding Flex against financial crime by conducting in-depth customer due diligence (CDD) and transactional activity reviews
- The AML Manager will use SQL to extract and analyze data, conduct necessary investigations and work with large datasets to identify patterns, anomalies, and potential red flags
- This is a critical role where your insights will directly contribute to our commitment to maintaining a compliant and secure business
- Assist Flex’s FinCrime Director in developing, maintaining, and implementing FinCrime policies and procedures
- Assist in the development and implementation of Flex’s transaction monitoring program
- Conduct manual reviews of transaction activity to identify unusual patterns and escalate suspicious activity
- Use SQL queries to extract, manipulate, and analyze large datasets for KYC and transaction monitoring processes
- Develop and document detailed case narratives for investigations in preparation for SARs
- Collaborate with cross-functional teams, including Risk, Product and Operations to address AML-related issues
- Identify opportunities to improve and automate monitoring processes, enhancing the efficiency and accuracy of financial crime detection. Take ownership of the development, maintenance, and optimization of AML/FinCrime detection and monitoring tools
- Stay current with evolving regulatory requirements and industry best practices to ensure Flex remains compliant and proactive in managing FinCrime risks
Our take
Many people struggle to pay their rent every month, with a variety of bills hitting their bank accounts simultaneously. Whilst many of these people earn enough money to cover their bills, the inflexible nature of monthly bills can make the all-in-one payment a harder obstacle.
Flex provides a mobile application for the flexible payment of rent, allowing users to pay their landlords through flexible payment plans, reschedule payments when necessary, and protect their funds through Overdraft Protection. The company achieves this by partnering with estate agents and paying their resident's bills upfront, taking on the challenges that landlords would normally have due to late payments.
Flex has experienced extremely rapid growth since its founding which has caused some issues, as it struggled to keep up with the surge in new customers. Having made improvements to its product and scaled its customer service team, it is set to continue providing a service that has come to be highly valued by both tenants and landlords.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 5 rounds)
Feb 2022
$160m
SERIES C
Apr 2021
$46.6m
SERIES B
Total funding: $225.1m
Company benefits
- 100% company-paid medical, dental, and vision
- 401(k) + company stock options
- Unlimited paid time off + company paid holidays
- Parental leave + IVF and adoption support
- Flex Cares Program: Non-profit company match + pet adoption coverage
- Pet Insurance
- Free Flex subscription
Company HQ
Midtown Manhattan, New York, NY
Leadership
Shragie Lichtenstein
(CEO)Experience working in venture capital investments for Point72 and TVC. Also co-founded Boundless Reality.
YeTong Shao
(CPO)Experience as Data Science Researcher. Also co-founded Boundless Reality.
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