Full-Time

Financial Crimes Analyst

Aml

Posted on 12/9/2024

Upgrade

Upgrade

1,001-5,000 employees

Provides loans, credit cards, and rewards

Fintech
Financial Services

Junior, Mid

California, USA + 1 more

More locations: Phoenix, AZ, USA

Hybrid role requiring 2-3 days in the San Francisco office.

Category
Risk Management
Finance & Banking
Required Skills
Atlassian
Requirements
  • Bachelor’s degree or higher
  • 2+ years of experience in anti-financial crimes work, specifically in AML Investigations and SAR writing
  • Working knowledge of fraud and AML typologies and current financial crime trends
  • Understanding of financial products, including credit cards, lending products, and deposit accounts
  • Excellent research, analytical, and communication skills
  • Experience in meeting regulatory and business deadlines with a sense of urgency while maintaining high standards for quality and professionalism
  • Advanced knowledge of Microsoft Office, Google Suite, and Atlassian products
  • Experience with LexisNexis research tools (AML Insight, Bridger) and/or ComplyAdvantage preferred, but not required
Responsibilities
  • Complete thorough investigations of customers and transactions flagged by automated monitoring system(s), reports, and/or internal referrals for potential money laundering, terrorist financing, and other financial crimes
  • Prepare detailed AML investigation narratives that clearly explain the activity, risks, and disposition of a case for Upgrade’s Bank Partners
  • Organize evidence collected throughout the investigation including documentation, images, and call recordings
  • Review and analyze internal AML reports, draw conclusions, and make recommendations regarding the need for further investigation
  • Manage your caseload appropriately to ensure timely completion of cases while consistently meeting production and quality expectations as directed by management
  • Handle priority cases such as: Vulnerable Person Abuse cases, cases associated with complaints, and cases with potential legal threats
  • Assist the AML Manager with additional tasks and/or service level agreements to support the Financial Crimes team

Upgrade offers financial products like personal loans, credit cards, and rewards checking accounts to help individuals manage their finances. Their personal loans allow borrowing up to $50,000 with fixed rates and no prepayment penalties, while the Upgrade Card provides cash back rewards on various spending categories. Upgrade stands out by focusing on affordability and user-friendly features, generating revenue through interest and interchange fees. The company's goal is to provide accessible credit options and promote responsible financial behavior.

Company Stage

Series F

Total Funding

$532.1M

Headquarters

San Francisco, California

Founded

2016

Growth & Insights
Headcount

6 month growth

7%

1 year growth

30%

2 year growth

52%
Simplify Jobs

Simplify's Take

What believers are saying

  • Partnership with FairPlay enhances compliance and ethical lending practices.
  • Expansion into auto loans diversifies product offerings and revenue streams.
  • Acquisition of Uplift positions Upgrade in the growing BNPL travel market.

What critics are saying

  • Increased competition in BNPL could impact market share in travel financing.
  • Expansion into auto loans may expose Upgrade to higher credit risk.
  • Investment in new office space may strain resources if not matched by revenue growth.

What makes Upgrade unique

  • Upgrade offers a unique combination of credit cards and personal loans.
  • The company provides free credit monitoring and educational tools for financial management.
  • Upgrade's Secured OneCard targets consumers with little or no credit history.

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