We are Bright:

Bright is a consumer fintech that helps Americans get out of debt, with the power of data science and machine learning. It is a mobile app that combines all the tools and tech needed to manage and get rid of debt.

Bright’s tools include credit score building, automated debt paydown plans, financial planning,  budget planning tools, and refinance loans. It works with credit cards, student loans and car loans.

Bright has had 6x growth in the last year, with 300,000 users, and more than 100,000 ratings and reviews.

Bright is backed by three major venture capital funds (Sequoia, Falcon Edge and Hummingbird) and with top angel investors from the US, UK and India, Bright has raised +$40 million in funding to date.

Bright has recently raised $50M in debt funding from Encina Lender Finance, for its credit business growth. Encina Lender Finance provides lending solutions to consumer and commercial speciality finance companies across the U.S. and Canada.

Today we are among the top 8 US FinTech companies. We will become a top-100 US financial institution, with the unique strength of data science and predictive modeling to enhance financial products for a user’s life outcomes.

We will be the first at-scale Consumer Tech company, built in India for Global markets.

About Our Founders:

Bright was founded in 2019 by a founding team from McKinsey’s Banking Practice (Petko Plachkov and Avi Patchava) and InMobi Data Scientist (Avi Patchava, Varun Modi, Avinash Ramakath, Jayashree Merwade).

Responsibilities for transaction monitoring analyst:

• Assist with various examinations

• Oversee AML optimization across multiple LOBs and multiple Transaction Monitoring Systems (Mantas and Smaragd), ensure sound risk coverage, adequate quantitative model assessment and validation, and data quality completeness and integrity

• Support all review and audit functions

• Established standards for segmentation methodology, scenario tuning methodology, peer grouping, BTL sampling (Below The Line) methodology

• Facilitate the Transaction Monitoring process for the Research, Monitoring and/ or Analytic teams

• Perform trend analysis, univariate and multivariate analysis for scoring and thresholds for AML behavioral scenarios

• Follow regulatory changes and other developments in the industry, so that the candidate is in a position to recommend and drive changes to the monitoring system, including to the typologies and thresholds employed

• Work with a team of managers that oversee ongoing Quality Assurance and Testing efforts to ensure that the monitoring parameters employed at the Bank remain appropriate

• Work to ensure that all work queues remain up-to-date, and sufficient to meet the expectations of the Business, Regulators, Internal Audit, and Compliance

Qualifications for transaction monitoring:

• Minimum of 1-3 years proven and progressive Compliance, Legal, and/or Audit experience or equivalent

• Demonstrated knowledge of Anti-Money Laundering, and particularly AML monitoring systems, with a strong emphasis on covering corporate, investment, and commercial banking activities

• Solid knowledge of OFAC and Sanctions

• The ability to project confidence, professionalism, and respect in all dealings with business leaders, other managers, and staff

• Experience with prioritizing conflicting tasks