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Screening & Transaction Monitoring Associate

Brex

Brex

Salt Lake City, UT, USA
Posted on Tuesday, July 2, 2024

Why join us

Brex empowers the next generation of businesses with an integrated corporate card and spend management software. We make it easy for our customers to manage every aspect of spending and empower their employees to make better financial decisions from anywhere they live or work. Brex proudly serves tens of thousands of growing businesses, from early-stage startups to global enterprises.

Working at Brex allows you to push your limits, challenge the status quo, and collaborate with some of the brightest minds in the industry. We’re committed to building a diverse team and inclusive culture and believe your potential should only be limited by how big you can dream. We make this a reality by empowering you with the tools, resources, and support you need to grow your career.

Compliance

The Compliance team helps the company grow responsibility, advocating for Brex and for the thousands of growing businesses we serve. We own the compliance policies for Brex, provide strategic advice and guidance to all Brex teams, protect Brex from Financial Crime and other compliance risks, and represent the company externally on key regulatory and policy issues. Reimagining the financial system in a highly regulated environment requires creativity and resourcefulness, and we welcome the challenge.

What you’ll do

As the Screening & Transaction Monitoring Associate, you will review and report potential instances of money laundering (ML), terrorist financing (TF), bribery, and other law violations. You will synthesize large amounts of data to make informed decisions regarding customer activity and assess the associated risks to the company. Clear communication is essential for conducting written investigations and engaging in verbal discussions with senior management about potentially suspicious activities. Experience in collaborating with external financial partners, auditors, and regulators is valuable. Adaptability to a rapidly changing regulatory and business environment is crucial, as is maintaining a positive and collaborative mindset while managing numerous cases

Responsibilities

  • Consistently monitor unusual transactions and high-risk customers in support of regulatory reporting obligations, such as filing Suspicious Activity Reports (SAR) and Sanctions screening alerts/escalations
  • Take ownership of the success of our internal controls, spot, scope, and drive opportunities for improvement
  • Develop and test experimental designs, sampling techniques, and analytical methods in order to monitor new typologies and emerging risks
  • Lead the preparation and timely response to official inquiries, preparing internal and external memos
  • Support vendor integrations and address questions from L1 alert reviewers
  • Contribute in the efforts to reduce AML false positive rates
  • Assist in developing and delivering internal Financial Crimes training

Requirements

  • 4+ years of experience across a variety of financial risk operations AML, SAR, BSA, 314a, Watchlist, 314b, Third Party Payment Processing, Sanctions, Fraud, Bribery/Corruption, Due Diligence, etc)
  • Knowledgeable about relevant US financial regulations authorities (ex: FinCEN, FINRA, OFAC, etc.)
  • Direct experience reporting and presenting to FinCEN, law enforcement, and other regulators
  • Expertise in SAR and Continuing Activity Reporting - knowledge of FinCEN reporting standards, thresholds, and deadlines
  • Technical aptitude in understanding complex money movement across payment methods.
  • Familiarity with interpreting and utilizing data analytics tools (SQL, Looker, Snowflake, Hex, Excel), including designing, debugging, and organizing data for a wide audience
  • Experience with Verafin and ComplyAdvantage
  • Demonstrated ability to work as part of a cross-functional, multi-disciplinary team (Operations, Customer Experience, Legal, Engineering, Product Management, Data) in designing operational work-streams and internal controls

Bonus points

  • CAMS Certified
  • Insatiable curiosity
  • Eagerness to learn
  • Detail oriented
  • Desire to build

Please be aware, job-seekers may be at risk of targeting by malicious actors looking for personal data. Brex recruiters will only reach out via LinkedIn or email with a brex.com domain. Any outreach claiming to be from Brex via other sources should be ignored.