Job description
The Internet lacks a protocol for money. Lightspark is building the tools and services to make it happen. Lightspark builds enterprise-ready infrastructure for open payments for the Internet at scale using the Lightning Network. An always-on, low-cost, universal payment network will completely transform how money is moved, enabling businesses and developers to transform existing solutions and build new financial systems, services, and processes accessible to everyone, transcending geographical restraints. Lightspark is headquartered in Los Angeles, California, but serves the world.
Lightspark Payments is building regulated services on the Lightning Network. This role will help develop a formal fraud and AML investigations function for our public launch. The main responsibility of this position is to investigate and document incidents of potential money laundering, fraud, terrorist financing, elder abuse, and other illicit activities; and document Suspicious Activity Reports. You will also contribute to enhancing our fraud configuration and transaction monitoring controls, by providing proactive feedback from investigations to fine tune or add new rules or blocking controls. You will report to the Compliance Program Manager and initially have sole responsibility for fraud and AML investigations as we build out an operational compliance and risk function for Lightspark Payments..
Regular travel to Los Angeles is required to collaborate with your team and cross functional stakeholders.
What you will be doing
Perform detailed investigations into unusual activity based on predefined alerts for Fraud and AML, and formally document findings, and escalate for review by the Compliance Program Manager
Assist in the development of transaction monitoring rules and document the manual review and investigations process
Use a variety of analytical techniques and systems to make informed decisions on detected transaction patterns
Ensure the thorough and timely filing of suspicious activity reports with FinCEN
Collaborate with internal partners to ensure full compliance with all applicable laws and policies
Provide input into the configuration of our third party fraud vendor and internal rules engine, to fine tune rules and improve
What we’re looking for
5+ years experience in AML Compliance AND Fraud Risk related investigations, specifically filing SARs and working complex investigations at a financial institution or related FinTech payments company
Prior experience with payment systems, US and international payment rails, and compliance obligations around payments is preferred
Strong investigative skills, including familiarity with public record research, blockchain analytics, and fraud detection
Knowledge of AML transaction monitoring/suspicious activity reporting typologies and risks regarding cross border payments or cryptocurrency
Solid investigative documentation skills and the ability to pull, parse, and evaluate data for analytics purposes
Prior experience working in a start-up environment, or other fast paced work environment
CFA or CFCS preferred
Lightspark is on a mission to build an open payment protocol for the Internet at scale and therefore we’re committed to creating a more inclusive and diverse workplace to reflect the customers we serve. We welcome interest from individuals of all backgrounds and levels of experience who share our mission. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability status, or other applicable legally protected characteristics.
We will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of the State of California Fair Chance Initiative for Hiring.
