Financial Crimes Compliance Analyst

Job Description

Remitly is on a mission to transform the lives of immigrants and their families by providing the most trusted financial products and services. Since 2011, we have been delivering on our promises to immigrants sending their hard earned money home. We serve millions of customers globally with Remitly and our Passbook app to provide immigrants access to banking. We strive daily to meet our promise by building peace of mind into everything we do.

Our Risk and Compliance teams are a cornerstone of our business. We are seeking a seasoned Financial Crimes Analyst to lead sophisticated data analytics for ongoing and enhanced AI-powered detection systems. This role is pivotal in identifying and mitigating complex financial crimes, including money laundering, fraud, and sanctions violations. The ideal candidate will possess deep expertise in financial crime analytics and a strong proficiency in leveraging AI and machine learning tools to detect and prevent illicit activities.

As an online money transmitter, Remitly is growing while maintaining high customer service, performance and compliance standards. Remitly is a licensed financial services company in several jurisdictions. Each jurisdiction requires Remitly to maintain a comprehensive Anti-Money Laundering/Counter-Terrorist Financing transaction monitoring program.

The ideal applicant will have an excellent level of compliance and analytical experience identifying trends and patterns; being comfortable with different tasks and projects will be a key part of the role. This role is based in our office in Manila.

Work within a compliance-focused function within the Fin Crimes Compliance team. This function will assist by reviewing and testing existing transaction monitoring inputs for effectiveness, analyzing unusual activity within customer profiles related to money laundering or fraud, and leveraging this information to evaluate existing Transaction Monitoring features. Identify customer-related trends, patterns and issues associated with money laundering, terrorist financing and other unwanted and fraudulent transaction activity.

• Oversee and refine AI-driven transaction monitoring systems to identify suspicious activities, utilizing both vendor and in-house platforms
• Lead in-depth analyses of high-risk transactions and customer behaviors, employing tools to uncover hidden patterns and anomalies
• Collaborate with Identity & Trust teams to conduct testing for fine-tuning machine learning models, enhancing detection accuracy and reducing false positives
• Ensure adherence to AML and sanctions regulations and guidelines, staying abreast of evolving compliance requirements
• Work closely with compliance, legal, Identity & Trust, and operations teams to develop and implement strategies for financial crime prevention

• Create metrics and dashboards used to confirm our systems are working and to understand what customers are experiencing
• Distill business problems from discussions, develop hypotheses, build analytical frameworks, carry out analyses, and write clear recommendations
• Design experiments, read A/B tests, and perform ad hoc analyses

• 4+ years of experience in AML/CFT transaction monitoring analytics, fraud/risk analytics, or data analysis roles
• Expert in SQL and proficient in tools like Python or R for data analysis
• Experience with AML/CFT detection strategies, risk scoring, and related metrics
• Experience with data visualization tools like Tableau or similar
• Experience with blockchain analysis and unsupervised and semi-supervised anomaly detection models is a plus
• Clear communicator with a knack for simplifying complex data insights for business stakeholders
• Bachelor's or advanced degree in a quantitative field (Statistics, Mathematics, Economics, Computer Science, etc.)
• Substantive knowledge of AML and fraud regulations and related typologies within the fintech industry
• Experience working in a compliance-driven environment while ensuring a positive customer experience

• Curiosity (continuously improve, data driven & sweat the details): You want to learn and understand how and why things work the way they do
• Collaborative (Compassionate partner): You appreciate the benefits and impact of teamwork and treat everyone with respect and compassion
• Detail oriented (Data Driven): The details matter. You can dig deep to get the information you need and articulate effectively
• Efficient (Bias for action): You know how to prioritise and when to act, often with many tasks at once
• Compassionate (customer centricity): You assume positive intent and work towards serving our customers and supporting colleagues
• Be a role model (Earn trust through integrity): You will lead by example and with integrity
• Knowledge sharing (Constructively direct): You give and receive feedback and help colleagues with your experience

Remitly is a group of passionate people working to make international payments easier and more transparent on both the web and mobile devices. We are seeking team members to join us that want to make a difference and change an industry. We pride ourselves on aiming high and delivering results, with data at the heart of everything we do, and encouraging our team to own business decisions and outcomes. Sound like the place for you? Join us.

Remitly is an Equal Opportunity Employer. Individuals seeking employment at Remitly are considered without regard to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, or sexual orientation.

Remitly is an E-Verify Employer

Remitly is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.