Risk Operations Associate
Posted on 3/15/2023
INACTIVE
Arc Technologies

11-50 employees

Full-service finance platform for startups
Company Overview
Arc's mission is to provide a better way for software startups to raise capital without incurring costly dilution and risky debt. The company has built a comprehensive digital platform with technology-driven financing that helps remove the biases inherent in conservative financial services – giving SaaS startups access to the capital necessary for operationalizing their success without debt or dilution.
Financial Services
Data & Analytics
B2B

Company Stage

Series A

Total Funding

$342M

Founded

2021

Headquarters

San Francisco, California

Growth & Insights
Headcount

6 month growth

-1%

1 year growth

6%

2 year growth

117%
Locations
Remote
Experience Level
Entry
Junior
Mid
Senior
Expert
Desired Skills
SQL
Requirements
  • Bachelor's degree in a related field such as finance or business is preferred
  • Three or more years of relevant experience
  • Experience in KYC, fraud and financial crimes as a part of onboarding at a FinTech or Financial Institution
  • Knowledge of financial crime (BSA, AML, OFAC, CIP) laws and regulations
  • Experience with OFAC, AML and other payments compliance
  • Self-motivated, analytical thinker with exceptional attention to detail
  • Flexibility to perform in a fast paced startup environment in an evolving industry
  • Investigative curiosity with strong organizational skills
  • Advanced spreadsheet skills and database application software
Responsibilities
  • Perform KYC, KYB and AML checks for onboarding new clients
  • Review and investigate daily transaction monitoring alerts for potential fraud and money laundering
  • Conduct enhanced due diligence on high-risk accounts and risk alerts
  • Prepare and file SARs in a timely manner; set and maintain SAR filing standards
  • Review potential hits against OFAC or other watchlists
  • Ensure efficient CIP and risk operations including AML, Fraud, Sanctions, KYC/KYB and EDD, PEP, & OFAC sanctions
  • Support the development of the global compliance financial crime oversight framework and policies to minimize fraud and compliance losses
  • Prepare and deliver compliance reports to senior leadership
  • Maintain employee training materials and standards, as well as deliver training to the team
  • Contribute to team-wide initiatives, focusing on new processes and risk controls
  • Maintain relationships with KYC, KYB and Fraud vendors
Desired Qualifications
  • Experience using SQL or similar data query languages preferred
  • Relevant financial certifications such as CAMS or CRCM