Compliance Analyst, Current
AML
$85-110k
+ Equity & discretionary performance bonus program
Online banking & financial services
Open for applications
Online banking & financial services
201-500 employees
Open for applications
$85-110k
+ Equity & discretionary performance bonus program
201-500 employees
Company mission
To build the future of banking
Role
Who you are
- 1-3 years of experience in a compliance, operational, or governmental role with a focus on financial crimes investigations or transaction monitoring
- Previous experience drafting or reviewing AML alert / case investigations or Suspicious Activity Reports (SARs)
- Knowledge of / previous experience with credit card products and applicable regulations (highly preferred)
- Strong knowledge of key regulations including the USA PATRIOT Act, Bank Secrecy Act, and OFAC requirements
- Ability to handle multiple tasks and constantly shifting priorities in an efficient and effective manner
- Excellent written and oral communication skills, including the ability to communicate and present key findings from investigations in understandable and effective ways across the organization
- Ability to provide actionable recommendations and solutions to problems
- Well organized, efficient, self-starter, and able to work independently in a fast-paced environment
- Certified Anti-Money Laundering Specialist (CAMS) or other related certifications - a plus but not required
What the job involves
- We are looking for an AML Compliance Analyst to join our team. In this role you will help to execute Current’s overall BSA/AML compliance program, including transaction monitoring, investigations, and reporting for debit and credit product offerings
- This individual contributor role will work closely with the other members of the AML Team to investigate, draft, review, and escalate Unusual Activity Reports to Current’s partner banks
- The individual will also participate in the subpoena response process for Current
- Conduct investigations into potential money laundering, terrorist financing, sanctions, and other financial crime activities
- Review and identify transaction monitoring alerts and cases to meet agreed upon business Service Level Agreements (SLAs)
- Draft, review and submit Unusual Activity Reports (UARs) to Current’s partner banks
- Review and disposition OFAC and PEP alerts
- Respond to subpoenas and other requests for information from law enforcement agencies
Our take
Current is a neobank offering digital banking services, with a focus on younger generations and paycheck-to-paycheck customers. It offers a swathe of innovative services including on-demand pay and overdraft protection to people underserved by traditional institutions.
Younger customers are expected in the coming years to pivot from legacy institutions to the higher functionality and lower costs of consumer-first neobanks like Current. By netting an average customer age of 27, Current is establishing itself as a pack leader among rival but less well-funded neobanks like Step or Till.
It is also successfully competing with legacy institutions by exploiting the relatively adaptive nature of neobanking: Current has previously offered customers advanced access to stimulus checks, and is seeking to expand into crypto. The company continues to raise funding, the latest of which will help fuel growth and an accelerated path to profitability.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 6 rounds)
Apr 2021
$220m
SERIES D
Nov 2020
$131m
SERIES C
Total funding: $392.6m
Company benefits
- Company equity
- Flexible vacation policy
- Commuter benefits
- Discretionary bonus program
- Work from home opportunities
- Medical, Dental & Vision
Company HQ
Little Italy, New York, NY
Articles
Leadership
Stuart Sopp
(Founder & CEO)Worked as a Trader for BNY Mellon and Deutsche Bank for a combined 9 years before serving as Head of Trading at Citi and Morgan Stanley. Left this role after 5 years to found Current in June 2015, working as CEO ever since.
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