Financial Crime Compliance Analyst

The company you’ll join

We exist to make investing in the private markets as easy as Robinhood did for public stocks.

More and more people invest in private equity and venture capital every day. Even though this asset class has been around for decades, it wasn't built to handle this volume of investors. Signing up for Robinhood? It takes 2 minutes. Investing in a VC fund? You've got to fill out a 200-question questionnaire each time that you make an investment. The forms aren't standardized and not every question applies to every investor. Investors miss questions or answer the wrong ones and then have to redo the entire thing.

We built a TurboTax-style workflow for investors to only see the questions that matter to them and see every question that matters to them to make fund closing (i.e. the process of investing into a private fund) easy. Our world record document completion time is 6 minutes.

That may sound boring but we've processed billions of dollars for tens of thousands of investors. And by having an investor run through our workflow, we capture their identity so we can allow them to repurpose it wherever they'd like in the future. We call this an investor profile and it's the whole reason we built this business.

The impact you’ll have

We’ve had a lot of success innovating the onboarding process for investors and now we are looking to do the same thing for AML. You’d be an early hire on the AML team who will focus on providing confidence assurance to our clients they are in compliance with regulatory requirements. We’re looking for people that can grow with us and assist us with expanding our AML business. Our goal is to make our customers love us and their investors recommend us.

The problems you’ll solve

• Conduct anti-money laundering due diligence screening on entities and individuals

• Propose risk ratings based on anti-financial crime factors (i.e., customer type, geography, etc.)

• Escalate high risk factors to the Head of Financial Crime for further review and Enhanced Due Diligence

• Draft and update anti-financial crime policies and procedures

• Provide feedback to product management and engineering to help improve Passthrough for internal and external users.

Desired Qualifications

• Self-starter and self-motivated to hit deadlines without micromanagement

• Prior anti-financial crime experience with a regulated institution (i.e., Financial Institution, Broker Dealer, RIA, etc.)

• Strong knowledge of the Bank Secrecy Act and Anti-Money Laundering Act of 2020

• Familiarity with due diligence screening tools (i.e., ComplyAdvantage, LexisNexis, etc.)

• Certified Anti-Money Laundering Specialist certification is a plus, but not required

What to expect in the hiring process

We go through the same interview steps for all financial crime compliance candidates to ensure equity in our hiring process. All roles also require a background check.

Our process is designed to learn as much about each candidate as possible, as well as to give candidates access to our team and learn about what it's like to work at Passthrough.

1. Initial screen: a quick 20-30 minute chat with one of our team members to learn more about each other

2. Assessment: 45-minutes to review hypothetical screening results and determine next steps, if necessary

3. Meet your manager: 45-minutes with Mark

4. Meet our co-founders and product manager: 30-minutes with Ben, 30-minutes with Tim and 30-minutes with a member of the Financial Crime team

5. Get a decision: We’ll get back to you within a week on what’s next

Benefits

• Competitive salary - $70,000 - $75,000 per year

• Remote work

• Passthrough stock options

• Health, dental, and vision insurance

• Annual health & wellness stipend

• 401k contribution program with matching

• Life insurance

• PTO & unlimited sick leave

• Parental leave

Who are we?

We’re a 30+ person team that works with hundreds of investment firms, ranging from $200 million real estate firms to $400 billion global asset managers. We’ve helped 35,000 investors save time by completing their investor onboarding quickly. We’re venture-backed and growing fast.

We know the problems. We know the customers. We know how to scale businesses fast in ambiguous environments. Come build with us.