TMS Analyst
Melio
We’re Melio, a TLV-based startup on a mission to keep small businesses in business. Our online payment solution enables small businesses in the US to pay their bills in more efficient ways that improve their finances and free them up to focus more on managing the business they love.
Backed by top-tier VCs, we have a unique approach to small business payments and aim to make B2B payments as simple and easy as peer-to-peer payment apps. We’re growing fast and looking for enthusiastic team players.
Melio’s innovative platform has created new and exciting ways to engage US small businesses in the payments ecosystem; and as with any financial innovation, this has also introduced threats and vulnerabilities. The Risk & Compliance Team works to protect Melio’s platform and users from fraudulent, abusive and prohibited activity. We work cross-functionally, alongside multiple business lines within the company, to ensure our products and movement of money remain compliant with local regulations, as well as keeping our users safe. Our Team plays a critical role in maintaining Melio’s reputation, financial stability, and operational continuity.
Summary
As an TMS Analyst you’d be joining the team working behind the scenes to protect Melio from bad actors; managing the risks that might have adverse impacts on our product, financials and our ability to meet client needs. You’ll support the detection, analysis, and investigation of suspicious activities to ensure compliance with industry regulations and protect both Melio’s and our users’ interests. This role will involve assessing transactions, identifying potential risks, and collaborating with cross-functional teams to ensure suspicious activities are promptly investigated and addressed.
What you’ll do:
- The TMS Analyst will lead initiatives, in collaboration with the TLV Director of Compliance Operations and TLV TMS Team Lead, to handle the daily tasks to support our regulatory AML requirements
- Analyze transaction data and identify potentially suspicious activities in line with BSA/AML laws and regulations.
- Review and investigate alerts generated by both automated transaction monitoring system as well as internal escalations from within the company, i.e. subpoenas, RFIs, fraud escalations, etc.
- Conduct enhanced due diligence and escalate potential high-risk activities to senior management.
- Prepare and submit Suspicious Activity Reports (SARs) in accordance with local regulatory guidelines.
- Work cross-functionally to continuously improve monitoring processes and workflows.
- Stay updated on relevant industry regulations and ensure Melio’s transaction monitoring processes are aligned.
- Participate in ad hoc compliance and risk management projects.
What we would love to see
- Bachelor’s degree or relevant work experience;
- Professional English skills
- A comprehensive understanding of US Regulations;
- 1-3 years experience as an AML, transaction monitoring or relevant compliance analyst role in a FinTech or other closely regulated industry
- Ability to manage and prioritize simultaneous projects, related to different stakeholders, internal and external to company
- Excellent interpersonal, verbal, and communication skills, strong professional presence to support regular interactions with senior management
- Strong research and analytical skills
- Ability to anticipate and proactively initiate future projects
- Ability to work on site, central Tel Aviv office, at least 3 days per week
Our ideal candidate?
You are fascinated by the world of payments. You are able to think big picture during investigations and other day-to-day tasks.. You know the limitations of both manual review and automatic decision logic and understand the challenges at the intersection of automation and manual insights. You have a broad knowledge of compliance regulations in the payments industry and understand the implementation of those on a business level. On game night, you're the one with your head in the rulebook. You’re here to problem-solve rather than criticize existing conditions, and you’re always looking for better ways to do things.
Most importantly, you’re a top-notch team player, proactive, positive and fun to be around.
If you’re still nodding your head in agreement and this seems like a good fit, don’t hesitate to reach out - we’re looking for you!
About Melio:
Melio builds business-to-business (B2B) payment tools so small business owners can spend less time in the back office and more time on their craft. As the fastest-growing B2B payment platform in the US, Melio is working hard to find new and better ways to help small businesses succeed in the ways that work best for them.
With offices in New York, Denver, and Tel Aviv and a vibrant work culture, Melio is expanding every day. We are a diverse group of people who love what we do and do what we love. If you are a driven and passionate team player, you will fit right in. We are an equal opportunity employer and are always on the lookout for top-notch talent—please reach out if you would like to join us on this exciting journey!