Financial Crimes Associate

About Figure

Figure (NASDAQ: FIGR) is transforming capital markets through blockchain. We’re proving that blockchain isn’t just theory - it’s powering real products used by hundreds of thousands of consumers and institutions. By combining blockchain’s transparency and efficiency with AI-driven automation, we’ve reimagined how loans are originated, funded, and traded in secondary markets. From faster processing times to lower costs and reduced bias, our technology is helping borrowers, investors, and financial institutions achieve better outcomes. Together with our 170+ partners, we’ve originated over $22 billion in home equity loans (HELOCs) on our blockchain-native platform, making Figure the largest non-bank provider of home equity financing in the U.S. Figure’s ecosystem also includes YLDS, an SEC-registered yield-bearing stablecoin that operates as a tokenized money market fund, and several other products and platforms that are reshaping consumer finance and capital markets.

About the Role

We’re looking for a Financial Crimes Associate to join our growing Financial Crimes team! As a Financial Crimes Associate you will focus on real-time management of alerts and escalations of potential suspicious incidents to combat fraud and resolve potential money laundering issues. Working closely with investigators, you will review escalations from other business lines and determine if fraud is potentially occurring. You will be reviewing customer applications for onboarding and alerts generated from our transaction monitoring systems related to traditional products as well as crypto. Your focus will be on fraud detection, mitigation and loss prevention across lending and banking products. Candidates may also be trained in assessing alerts related to transaction monitoring related to potential suspicious activity as it relates to anti-money laundering requirements. The ideal candidate will seek to achieve the optimal balance between customer experience and fraud prevention, and maintain that balance as the business grows and fraud trends evolve. You will apply your analytical and problem-solving skills to identify trends in fraud, assessing incidents in near real-time, and potentially proposing efficiencies and solutions to address Fraud and recommend them to management.

What You’ll Do

• Assist in the administration of the Bank Secrecy Act and Fraud Program, with primary emphasis on transaction monitoring, fraud incidents and supporting Figure’s obligations related federal law and regulations associated with the reporting of suspicious activity or criminal activity including money laundering, potential terrorist financing, fraudulently obtained loans, and other activities related to banking and lending.
• Monitor assigned operational tasks and identify fraud. Minimize loss by taking action, and escalating incidents to management as appropriate. Deploy mitigation strategies as directed that balance customer satisfaction with fraud prevention.
• Maintain a thorough understanding of state and federal laws and regulations related to bank secrecy and anti-money laundering appropriate to the position.
• Evaluate customer transactions and applications using manual and automated processes for evidence of Fraud and BSA targeted acts.
• Escalate incidents and cases to ensure SARs and Elder Abuse Financial Abuse reports are reported within federal timeframes. Maintain compliance with the Customer Identification Program (CIP), Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), Office of Foreign Asset Control (OFAC) and Elder / Dependent Abuse regulations.
• Assist in transaction monitoring and review of alerts for potential suspicious activity.