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Financial Crimes Associate - Hybrid (Princeton or Miami)



Accounting & Finance
New Jersey, USA
Posted on Saturday, August 19, 2023
About Oxygen:
Oxygen is a modern financial platform designed for the 21st-century economy, tailored to meet the unique needs of today's consumers and small businesses (freelancers, solopreneurs and modern SMBs). We believe beauty lies in simplicity, from design to utility, and build our ever-growing product suite with this in mind. And we’re just getting started. At Oxygen, we’re focused on lifting up those who dare to push boundaries and redefine what's possible by delivering on our promise to be a more fair financial partner. The next generation building the future is writing their own rules and shattering expectations. So are we. For those who reject the status quo, welcome to Banking for the Extraordinary. Let's create the future!
About the role:
Oxygen's FIU supports various AML processes, including transaction monitoring alert/case investigations, Enhanced Due Diligence (EDD) reviews of high-risk customers, information sharing, law enforcement requests, Fintech peer networking, and Unusual Activity Reporting (UAR) filings with our banking partner, The Bancorp Bank.
The Financial Crimes Associate is a first line role. This individual will conduct targeted investigations for both business and consumer accounts to identify patterns and trends indicative of money laundering, terrorist financing, fraud, cyber (dark web) crime, foreign transactions, ACH fraud, unemployment / SBA fraud, and other potential violations of laws and regulations.
This role has the potential to lead Oxygen’s internal and outsourced Fraud Operations Team. It will involve some project-based work, collaborating with stakeholders across Risk, Operations, Compliance, Product, Fraud, and Engineering teams. Your responsibilities will include uncovering trends or patterns of fraud abuse to ensure risks are appropriately mitigated.
If you're not afraid of new challenges, possess a balanced approach to investigations, are passionate about safeguarding the financial sector, and are dedicated to protecting Oxygen and its customers, we want to hear from you! If you're seeking a ground-floor (first FIU employee) opportunity with a Series B digital bank, look no further.

What you'll do:

  • Review transaction monitoring & surveillance alerts, conduct case investigations, block high risk transactions, monitor 15+ queues, return funds to source, investigate unusual device logins, DDOS attack analysis, freeze funds, direct communication with fraudsters / fraud victims / law enforcement and recommend changes to our dynamic fraud score, work with offshore Fraud / BSA / AML first line teams
  • Gather feedback and recommendations and translate them into business requirements to improve Oxygen’s AML program effectiveness
  • Work with Oxygen's offshore CS team and outsourced dispute team

About you:

  • Worked at other FinTech's with prior experience in BSA/AML regulations, Fraud / Risk OPS, payments and Financial Crime Compliance
  • 3+ years of prior transaction monitoring & surveillance investigations experience in anti-money laundering (AML), counter-terrorism, anti- bribery, and/or anti-fraud experience
  • 3+ years of experience working as an intelligence analyst or in counter threat finance in the DoD, IC, LE or supporting communities
  • Experience reviewing alerts, conducting case investigations, and drafting/filing Unusual Activity Reports (UARs), Suspicious Activity Reports (SARS) or Currency Transactions Reports (CTR's)
  • CFE and CAMS Certifications
  • Risk based decision making
  • Ability to prioritize work flows and ensure deadlines are met
  • Excellent written and verbal communication skills, interpersonal and collaborative skills
  • Strong cross-functional collaboration skills, fostering cooperation and alignment across teams
  • Excellent time management skills; Ability to react and respond to the critical demands of the department with competing deadlines
  • Excellent technical skills must be able to use both PC and Mac operating systems and proficient in google suite products, data analysis and internet technologies

Major pluses:

  • The ability to spot patterns, gather data and articulate findings in a concise meaningful summary
  • Demonstrates a strong sense of ownership and thought-leadership
  • Familiarity with how to read, write and diagnose SQL queries
  • Have experience in hyper-growth, start-up environment
  • Show an appreciation for nuance and a desire to build consensus in a diverse and multicultural environment
Compensation and Benefits:
The final compensation package for this role will be determined during the interview process and is based on a variety of factors, including, but not limited to, geographic location, internal equity, education, skill set, experience and training.
Oxygen also offers comprehensive benefits, including stock options, medical, dental, and vision plans, flexible spending accounts, pre-tax commuter benefits, a retirement plan, flex time off, paid parental leave, employer paid disability coverage, and additional health and wellbeing perks and benefits. Oxygen reserves the right to amend or modify employee perks and benefits at any time.
Not sure you qualify?
Don’t meet every single requirement? At Oxygen, we are dedicated to building a diverse, inclusive and authentic workplace, so if you’re excited about this role but your experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyway. You may be just the right candidate for this or other roles.
Oxygen provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.