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Full-Time

BSA Analyst

Confirmed live in the last 24 hours

Empower

Empower

51-200 employees

Personal finance management and credit building

Fintech
Financial Services

Junior, Mid

Remote in USA

Category
Risk Management
Finance & Banking
Requirements
  • BA/BS degree or equivalent practical work experience
  • CAMS or similar professional certification (preferred)
  • 2+ years of experience assessing and reviewing fraud/BSA/AML alerts and escalations for potentially suspicious activity
  • 3+ years of experience directly interfacing with internal and external customers
  • Strong investigative and analytical skills
  • Ability to work independently and in a team environment
Responsibilities
  • Review and decision BSA/AML Transaction Monitoring and Fraud alerts
  • Conduct periodic High Risk/Enhanced Due Diligence reviews
  • Prepare reports on BSA/AML (and fraud) issues and compile SAR referral narratives and prepare SAR referrals for review
  • Document and update BSA/AML and fraud systems
  • Review customer-submitted information & documentation for inconsistencies
  • Regularly report on/escalate situations that require higher-level review
  • Actively discuss and provide your thoughts & recommendations, both internally and with our partner, on our BSA/AML processes, procedures, and alert rulesets

Empower.me provides personal finance management and credit building services through a subscription-based model. Users can access a variety of financial tools, including budgeting tools, customizable payment plans, and credit score monitoring, all for a monthly fee after a 14-day free trial. A key feature of Empower.me is its ability to report users' payments to credit bureaus, which helps them build a positive credit history. Additionally, the company offers a Thrive line of credit, which involves a soft inquiry on the user's credit report. Empower.me aims to assist individuals, especially those with no minimum credit score, in improving their financial health and achieving better credit scores.

Company Stage

Series B

Total Funding

$1.8B

Headquarters

San Francisco, California

Founded

2016

Growth & Insights
Headcount

6 month growth

26%

1 year growth

38%

2 year growth

120%
Simplify Jobs

Simplify's Take

What believers are saying

  • The acquisition of Petal and Cashalo expands Empower.me's market reach and enhances its service offerings.
  • Partnerships with platforms like NerdWallet increase Empower.me's visibility and credibility in the fintech space.
  • Empower.me's ability to attract significant investment, such as the $150 million raised by founder Warren Hogarth, indicates strong financial backing and growth potential.

What critics are saying

  • Negative reporting for missed payments could deter potential users concerned about the impact on their credit scores.
  • The competitive fintech landscape requires continuous innovation to maintain a unique value proposition and customer loyalty.

What makes Empower unique

  • Empower.me focuses on individuals with no minimum credit score, offering a unique opportunity for those typically underserved by traditional financial institutions.
  • The company's subscription-based model with a 14-day free trial lowers the barrier to entry, making it accessible for users to try the service before committing.
  • Empower.me's emphasis on credit building through payment reporting to credit bureaus sets it apart from other personal finance management tools.

Benefits

Generous equity package

Full healthcare benefits

Unlimited PTO

Technology expense reimbursement

Work from anywhere