White-Labeled API for Banking Services
Compliance Analyst$70k – $90k • 0.0% – 0.07%
We are looking for compliance analysts with a love for finance and a desire to ensure that our customers succeed.
At Synapse, our mission is to accelerate democratization of best in class financial products for everybody. On a day-to-day basis, compliance analysts will lead compliance investigations at Synapse which impact the company, our customers, and end users. We are building a full stack bank, so compliance investigations range from ACH transfers to deposit account compliance to cards.
On top of that, Compliance Analysts are also expected to keep up with changing regulations to ensure we have all the knowledge and experience needed to help our customers succeed.
Duties & Responsibilities:
- We have these primary areas of focus in our compliance team which include:
- *Daily Risk Compliance *
- Daily processing of transactions, related to wires and ACH
- Reviews of queued transactions, for manual decisioning (cancel, return, settle)
- Transaction analysis for risk
- Enhanced due diligence for end users, “know your customer” reviews
- Fraud investigations, both internal and potential fraud reported by our clients and appropriate subsequent action in compliance with procedures
- Manual ID verifications, for any government IDs for which the system has been unable to validate
- UAR (unusual activity reports) review and reporting to bank partners
- Remediation plans related to high ACH and interchange return rates, including weekly activity analysis and conducting calls with Platforms to assist them in lowering their rates
- Processing and communication to our bank partner in response to letters of indemnity
- Check exceptions reviews (positive pay) Sanctions reviews for any potential matches requiring a manual review
Any proof of authorization requests that were unable to be automatically processed via the dashboard
Responsible for monitoring ACH transactions by identifying unusual patterns and trends and resolving any ACH disputes accordingly. Completing detailed activity reports as needed.
Responsible for monitoring ACH Activity: transactions, returns and trend analysis - strong understanding of Reg E is preferred.
Ensure complete and appropriate documentation is maintained. Collect, compile, and report research and analysis findings. Monitor and review ACH origination processing to ensure compliance with policies and procedures.
Assist with independent third party audits (BSA, ACH, SOC, PCI), including:
Document request preparationJoin calls between appropriate personnel and auditors to answer questions, provide supporting documents
Ensure audits adhere to the expected schedule and timeframeAudit procedures and controls to ensure they are a true representation of the processes being completed on a day to day basis
Evaluate the effectiveness of controls and provide feedback to the program design team for improvements
Program design related to:
Business continuity and disaster recovery Vendor management
Security SOC PCI Conduct quarterly CST meetings and document items discussed
To be successful at Synapse, you need to have:
A drive to help democratize best in class financial products
An ability to work independently within a small, fast-paced team
An entrepreneurial spirit and unrelenting passion to deliver the best service possible
The ability to implement feedback, learn quickly, and contribute new ideas
A general concern for the wellbeing of others and the desire to work on problems that maximize a positive future for humanity
- Minimum 1-2 years of relevant experience in Fintech, bank or MSB
- Working knowledge of applicable laws, regulations, and guidelines (e.g., BSA, OFAC, CFPB)
- Previous experience with UDAAP a plus
- Strong communication + ability to interact with other humans
- Knack for analyzing data ensuring a better understanding of the big picture (I.e. what is and what is not working for our customers)
- Technical knowledge is a plus (we work with a lot of developers)
- Prior experience in conducting AML investigations, customer due diligence, SARs preparation and filing - is a plus!
- Growth Potential
- Competitive Salary
- Insurance (Health//Dental//Vision)
- One Medical membership
- 401(k) with company matching
- Monthly commuter allowance, for travel to and from work
- Healthy on-site breakfast and lunch crafted by Synapse’s own chefs
- $70K - $120K/DOE
- 0.0% - 0.001%
Synapse is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all of our employees.
We are looking for top notch individuals who are seeking a challenge. Our company is growing quickly. This is an exciting time to join our team. If you are interested in adding value to our team, please apply and we will be in touch.