AML Analyst

AML Analyst We believe that the way people interact with their finances will drastically improve in the next few years. We’re dedicated to empowering this transformation by building the tools and experiences that thousands of developers use to create their own products. Plaid powers the tools millions of people rely on to live a healthier financial life. We work with thousands of companies like Venmo, SoFi, several of the Fortune 500, and many of the largest banks to make it easy for people to connect their financial accounts to the apps and services they want to use. Plaid’s network covers 12,000 financial institutions across the US, Canada, UK and Europe. Founded in 2013, the company is headquartered in San Francisco with offices in New York, Washington D.C., London and Amsterdam. The Compliance team is responsible for ensuring Compliance at Plaid with all the laws and regulations that apply to us, as well as our internal policies. We help make sure Plaid stays within the bounds of our legal obligations, and partner with business stakeholders to build processes and systems to demonstrate our compliance. We are looking for an AML Analyst who wants to help Plaid maintain a best-in-class AML compliance program at a fast growing FinTech. You will report directly to the AML Officer, and will help us implement and scale our AML program. You'll work with the AML Officer to build our strategy and help define the processes for managing AML and related risks across Plaid--all while seeing around corners and connecting dots in a way that allows Plaid to onboard customers, manage risk, and enable the business better than our peers. Responsibilities - - Grow and implement an AML program that will allow us to assess, monitor, and remediate money laundering, transaction monitoring, suspicious activity escalations, and related risks, while helping to ensure we are onboarding customers quickly and in accordance with our risk tolerance. - Identify gaps and work with the rest of Legal & Compliance and with business stakeholders to implement seamless processes that protect the business while not slowing the business down. - Review high risk customers for approval, documenting enhanced due diligence procedures for high risk customer types, support improvements in our customer onboarding process, and review transaction monitoring alerts and escalations. - Work with the AML Officer to ensure our AML Compliance function is risk-appropriate, and develops in accordance with our Compliance Management Program. - Work closely with other cross-functional stakeholders, including Customer Oversight, GTM, Product Counsel, and others. - Assist the AML Officer identify opportunities to leverage AI and other automation technologies to increase effectiveness and efficiency. Qualifications - - 5+ years of experience in an AML-related role, or in a similar compliance or risk control-related function. This includes experience conducting KYC, EDD, and/or transaction monitoring reviews. - Strong knowledge of relevant AML, BSA, OFAC, and payment rules related to KYC/AML, along with in house experience implementing and administering those requirements - Strong knowledge of Money Services Business regulations and processes, as well as payment processors across various payment rails. Bonus points if you’ve worked at a payment processor, third party sender, or a financial institution with exposure to the ACH and/or money transmission world - Experience in B2B due diligence processes, including with fintech or novel businesses - Experience balancing cross-functional stakeholders pushing in different directions. This role will reward entrepreneurial and creative problem solvers who approach challenges with curiosity and a solutions-oriented mindset. - Curiosity and interest in adoption and integration of AI. - Ability to juggle multiple deadlines in a fast-paced environment - Strong analytical, organizational, and communication skills with impeccable a ... (truncated, view full listing at source)