BSA/AML Manager, Avant
$115-150k
This role is eligible for additional incentives, including an annual bonus. Employees new to Avant typically come in below the midpoint of the pay range.
More information about location
3 days a week in office
Personal credit FinTech
Be an early applicant
Personal credit FinTech
501-1000 employees
Be an early applicant
$115-150k
This role is eligible for additional incentives, including an annual bonus. Employees new to Avant typically come in below the midpoint of the pay range.
More information about location
3 days a week in office
501-1000 employees
Company mission
To empower every customer with innovative solutions designed to help them reach their goals.
Role
Who you are
- If you have a strong background in banking or Fintech fraud, possess sharp technical analytical skills, and thrive in a collaborative environment, you are the ideal candidate to help us safeguard our platform
- Bachelor’s degree with 5+ years of experience in banking fraud or AML experience in fraud risk management or AML within financial services, fintech, or payments, with significant exposure to card, loan, and/or banking products
- Demonstrated experience building, managing, or validating fraud or AML models and rules (e.g., transaction monitoring, sanctions screening, customer risk rating, behavioral analytics)
- Strong hands-on analytical and data skills with proficiency in tools such as SQL and at least one of: Python, R, SAS, or similar
- Solid understanding of BSA/AML and sanctions regulatory requirements and guidance (e.g., BSA, USA PATRIOT Act, OFAC, FATF, FFIEC)
- Proven ability to lead cross-functional initiatives and influence stakeholders at multiple levels
- Excellent written and verbal communication skills, with the ability to explain complex analytical concepts to non-technical audiences
What the job involves
- Avant is looking for an experienced BSA/AML Manager to oversee Avant’s anti-money laundering and sanctions screening programs. This role offers a unique opportunity to provide thought leadership on risk management while leading a high-performing team of investigators
- You will be responsible for triaging alerts, assessing emerging risks for new products, and collaborating cross-functionally to ensure our policies align with regulatory expectations
- Provide thought leadership on AML risk management and model usage, ensuring alignment with the organization’s broader risk, compliance, and enterprise risk frameworks
- Lead a team of BSA/AML investigators responsible for triaging alerts and referring to suspicious activity, ensuring staffing levels keep pace with product growth while maintaining high-quality alert processing
- Ensure Avant’s sanctions screening program, including screening cadence and coverage, meets regulatory expectations and internal policy requirements
- Lead the assessment of complex and emerging AML risks, including those related to new products, customer segments, channels, technologies, and regulatory developments
- Work closely with Engineering and Product to design, prioritize, and implement BSA/AML technology solutions and controls within Avant’s platforms and tools
- Partner with Compliance and Legal to ensure BSA/AML policies, procedures, and controls align with regulatory expectations and internal governance standards
- Engage with card processors and bank partners to complete annual regulatory risk assessments and address identified gaps or issues
- Monitor KRIs, dashboards, and reporting related to alerts, SAR referral rates, operational performance, and control effectiveness, and recommend enhancements where needed
- Communicate key AML and fraud trends, emerging risks, and program performance to executive leadership and, as appropriate, to Board-level stakeholders
Our take
Many Americans with below average credit scores are caught in a bind: they're unable to improve their score, and simultaneously cannot access traditional loans. Avant's alternative is to offer credit options that are powered by machine learning and based upon a large database that helps to manage risk.
For its users, the company offers a quick credit decision and speedy access to any allotted funds. It has issued over $8 billion in loans to date, and has also expanded its business through the acquisitions of ReadyForZero in 2015 and Zero Financial in 2021.
This expansion has enabled Avant to reach towards its goal of offering a whole suite of products in a single platform, such as loans, credit cards, and deposits. Although there are many FinTechs looking at ways to remove the barriers that people with low credit scores face when trying to take out loans, this expansion to banking products should help Avant to stand out.
Steph
Company Specialist at Welcome to the Jungle
Insights
-3% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Dec 2022
$125m
GROWTH EQUITY VC
Sep 2015
$325m
SERIES E
Total funding: $779m
Company benefits
- Choice of great medical, dental, and vision insurance plan options
- 401(k) Match
- Unlimited paid time off
- Flexible work environment
- Generous paid parental leave
- Lunch allowance (Fooda) and in-office snacks
- WFH stipends for our remote employees
- Access to LinkedIn Learning for professional development
- No meeting wednesdays - (a.k.a. planned time to Get Sh!t Done)
- Summer fridays
- Fun in-office and virtual social events
- (And who doesn’t love the swag)
Company HQ
River North, Chicago, IL
Leadership
Al Goldstein
(Co-Founder & Executive Chair)They worked for a year at Deutsche Bank before founding Pangea Properties in 2008, and Avant in 2013. They have been Chair since, alongside founding Amount, Spring Labs, and StoicLane.
Paul Zhang
(Co-Founder & CIO)Having studied at the University of Illinois, they spent a year as a Software Engineer at CashNetUSA and Enova Financial. They founded Debteye in 2011, before starting Avant in 2013, serving first as CTO then Chief Architect, CTO again and finally CIO.
Matthew Bochenek
(CEO)Has been with the business since 2013, working in a range of positions including Head of US Servicing, Head of Operations and COO - before becoming CEO in 2021. Previously spend a decade at Superfund Asset Management.
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