BSA/AML Analyst

EarnUp is on a mission to create a financial system that works for everyone by transforming the loan payments ecosystem into a key driver for achieving financial wellness. We do this through our customer centric and data driven payments platform by offering flexibility in payment schedules while intelligently automating mortgage payments to help our users pay off loans faster.

We are seeking a talented and experienced BSA/AML Analyst to join the EarnUp team. As a crucial member of our compliance department, you will be responsible for conducting comprehensive analysis of financial activities to ensure compliance with anti-money laundering (AML) and Bank Secrecy Act (BSA) regulations. The ideal candidate will possess a strong understanding of financial crime compliance, excellent analytical skills, and the ability to work effectively in a fast-paced environment.

We are a dedicated and inclusive team of hardworking innovators with the goal of helping people get out of debt. Join us and help disrupt the $20 trillion debt market we have today.

You Will

• Perform detailed analysis of customer transactions and account activity to detect suspicious behavior indicative of money laundering or other illicit financial activities.
• Conduct thorough investigations into flagged transactions or accounts, including gathering and analyzing relevant data, documentation, and information.
• Utilize identity verification technologies such as Socure, as well as other relevant tools and resources, to identify and assess potential risks associated with customers, transactions, and counterparties.
• Review and assess customer due diligence (CDD) and enhanced due diligence (EDD) information to ensure accuracy and completeness, including performing Know Your Customer (KYC) checks.
• Prepare and file suspicious activity reports (SARs) as necessary, adhering to regulatory requirements and internal policies.
• Collaborate with other members of the compliance team and other departments to address AML/BSA-related issues and concerns.
• Stay informed about changes in AML/BSA laws, regulations, and industry best practices, and ensure compliance with all applicable requirements.
• Assist in the development and implementation of policies, procedures, and controls related to AML/BSA compliance.
• Participate in training sessions for staff to enhance awareness and understanding of AML/BSA compliance requirements.
• Provide support during regulatory examinations and audits, including the preparation of documentation and responses to inquiries.
  
  

What You Bring

• Minimum of 2-4 years of relevant experience in AML/BSA compliance within the financial services industry.
• Strong understanding of AML/BSA laws, regulations, and industry standards including a demonstrated ability to keep abreast of changes in AML/BSA regulations and adjust practices accordingly.
• Proficiency in conducting transaction monitoring and suspicious activity detection.
• Experience with identity verification tools like Socure or equivalent solutions.
• Excellent analytical skills with the ability to interpret complex data and identify patterns or anomalies.
• Effective communication skills, both verbal and written, with the ability to articulate findings and recommendations clearly and concisely.
• Detail-oriented with a high level of accuracy in work and documentation.
• Ability to work independently and collaboratively in a team environment, managing multiple priorities and deadlines effectively.
  
  

Why You Will Love Working at EarnUp

• Fast-paced, innovative and collaborative startup dedicated to providing opportunities to learn and grow
• An opportunity to help financially improve the lives of 20 million Americans living in debt
• Competitive salary and meaningful equity
• Family friendly benefits including generous paid parental leave and a company contribution toward dependent care
• Flexible hybrid work model (we are planning to return to the office in 2022 on a limited schedule)
• Convenient SF HQ location minutes away from the Montgomery Bart Station
• 100% paid employee health benefits
• Flexible time off programs with no maximum and additional programs dedicated to self care
• Commuter and work from home benefits including a mobile phone stipend
• Employee Resource Groups and active DEI Advisory Council
• Fun events, celebrations, offsites and food
  
  

The base salary range for this position is $125,000-$160,000

Diversity is in our DNA. At EarnUp, diversity is not only accepted and respected, it's celebrated and it is critical to our success. We foster an environment for exceptional people which includes a sense of belonging for all.

• EarnUp is proud to be an Equal Opportunity and Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law. Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.
• EarnUp is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance or accommodations due to a disability, please let us know at [email protected]