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Compliance Analyst



IT, Legal
Seattle, WA, USA
Posted on Wednesday, August 2, 2023

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 on the planet. Since 2011, we have been tirelessly delivering on our promises to immigrants sending their hard earned money home. Today, we are reimagining international payments at scale and building new products to create deeper relationships with our customers and their loved ones across the globe. Join over 2,700 employees across 10 offices who are growing their careers while having a positive impact on people globally.

About the Role:

Our Risk and Compliance teams are a cornerstone of our business and we are looking for an experienced Compliance Analyst to ensure we follow internal policies, local jurisdiction financial service laws, and other applicable regulatory requirements.

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 the U.S., Canada, the United Kingdom, Australia, Singapore, and Ireland. Each of these jurisdictions requires, among other items, that Remitly maintain a comprehensive Anti-Money Laundering and Counter-Terrorist Financing program. The Compliance Analyst will help detect suspicious transactions and auditing risk processes.

The ideal applicant for this role will have previous work experience in the online financial services industry and will be. This role can be performed in-person in Seattle or remote from within the United States.

You will report to the Compliance Team Manager within the customer operations team.

You Will:

  • Investigate unusual activity and file regulatory reports as identified and work with internal tools teams to systematically eliminate unwanted activity from the Remitly platform.

  • You will work within a compliance focused function within the customer operations team. This function will review unusual activity within customer profiles that may be related to money laundering or fraud. These investigations may lead to regulatory filings.

  • You will work with the compliance organization at Remitly regarding these investigations.

  • Identify customer-related trends, patterns and issues associated with money laundering, terrorist financing and other unwanted and fraudulent transaction activity.

  • Evaluate internal reports and related filters to confirm Remitly is monitoring its customer base for compliance with the terms of its user agreement and regulatory requirements.

  • Ensure the Anti-Money Laundering policies and procedures are always complied with.

  • Review referrals from other sources such as the law enforcement or other financial institutions.

  • Learn and share knowledge in a global team environment

  • Assist your manager with projects on an ad-hoc basis

  • Identify potential gaps within the program and assist with remediation/ improvement projects.

  • Other ad hoc duties as required

You Have:

  • 1- 2 years of experience investigating unusual activity and filing of regulatory reports related to AML, CTF, Fraud Investigations.

  • Substantive knowledge of AML and fraud regulations and related typologies within the fintech industry.

  • Experience in identifying and analysing patterns in transactional behaviour and determining if regulatory reporting is required.

  • Experience in identifying unusual patterns of activity and escalating for potential risk mitigation.

  • Experience working in a compliance driven environment while ensuring a positive customer experience.

  • Experience in contributing to operational compliance programs.

  • Direct experience in either fintech or financial industries.

Our Benefits

  • Flexible time off

  • Health, dental, and vision benefits + 401k plan with company matching

  • Company contributions to your HSA or FSA plan, if you choose one

  • Employee Stock Purchase Plan (ESPP) available for eligible employees

  • Continuing education and corridor travel benefits

Remitly is an Equal Opportunity Employer. Equal employment opportunity has been, and will continue to be, a fundamental principle at Remitly. We are committed to nondiscrimination across our global organization and in all of our business operations. Employment is determined based upon personal capabilities and qualifications without discrimination on the basis of race, creed, color, religion, sex, gender identification and expression, marital status, military status or status as an honorably discharge/veteran, pregnancy (including a woman's potential to get pregnant, pregnancy-related conditions, and childbearing), sexual orientation, age (40 and over), national origin, ancestry, citizenship or immigration status, physical, mental, or sensory disability (including the use of a trained dog guide or service animal), HIV/AIDS or hepatitis C status, genetic information, status as an actual or perceived victim of domestic violence, sexual assault, or stalking, or any other protected class as established by law.

Remitly is an E-Verify Employer

Compensation Details. The starting base salary range for this position is typically $57,592-$71,990. In the U.S., Remitly employees are shareholders in our Company and equity is part of our total compensation plan. Your recruiter can share more information about medical benefits offered, as well as other financial benefits and total compensation components offered with this role.

Your recruiter can share more information about medical benefits offered, as well as other financial benefits and total compensation components offered with this role.

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