Risk Analyst - Plaid Transfer

We're responsible for enabling the business by managing risks and maintaining controls that ensure trust in the platform.

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.

At Plaid, we're convinced 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 that thousands of developers use to create their own products.

Plaid Transfer makes moving money fast, simple, and secure—helping businesses deliver seamless payment experiences their customers love. Plaid Transfer simplifies money movement with a single API for all bank rails, robust operational tools and liquidity management features and embedded risk checks to help prevent payment returns and fraud.

In this role, you will work cross-functionally with Go-To-Market (GTM), ACH Operations, AML Compliance, and Product teams, as well as our banking partners, to ensure that Plaid is able to successfully and efficiently qualify GTM opportunities from a payments compliance perspective, and guide them through the onboarding funnel.

You will perform customer application reviews and transaction analysis for possible suspicious activities to ensure compliance with the Bank Secrecy Act, the USA Patriot Act, and the Office of Foreign Assets & Control. You will provide research and evaluation of anti-money laundering (AML) reviews and accurately and sufficiently document analysis and findings. Your other main responsibilities will include conducting onboarding reviews, watchlist screening, KYC, ongoing monitoring, transactions monitoring, fraud monitoring, enhanced due diligence, customer auditing, proof of authorizations, and escalation of Suspicious Activity Reports (SAR).

Responsibilities

• Building and maintaining highly effective cross functional relationships in a product focused organization.
• Interfacing directly with GTM teams and prospective customers to ensure an efficient onboarding experience for money movement products.
• Partnering with GTM to help identify high potential prospects, identify prospect risk profiles, and perform customer onboarding diligence adjusted to a prospect’s risk profile.
• Interfacing with both our banking partners and customers throughout the customer onboarding process.
• Actively identifying and exploiting opportunities to increase the efficiency of the customer diligence process for money movement related products.
• Working directly with Plaid customers to compile onboarding & compliance requirements, as well as additional due diligence requests.
• Being a key resource in developing, implementing, and enhancing internal policies and procedures required of a rapidly evolving risk management function.

Qualifications

• 2+ years of experience in financial services.
• Experience within Payments is essential, candidates with previous experiences with ACH, Credit Card, BNPL and/or other merchant acquiring businesses, including acquiring banks, payment gateways, processors, payfacs or other payments companies are strongly preferred.
• Bachelor’s degree
• Strong verbal and written communication skills.
• Proficiency in commonly used office productivity, communication, and collaboration tools (e.g. Google Workplace, MS Office Suite, Slack).
• Ability to work independently, and from within a team, in a face-paced, demanding, and ever-changing environment; must work well under pressure.
• Has a growth mindset and is eager to learn and acquire context by executing operational workflows.
• Exposure and intellectual curiosity about payments, technology, and risk.
• Enthusiastic about being part of a highly evolving cross functional team in a rapidly growing organization.
• Looking to make a significant impact on the future of financial services.