Risk Operations Associate
Posted on 3/15/2023
INACTIVE
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