Associate, Financial Crimes Compliance

Vestwell; Northern (KY); On-site; USD 60,000 - 70,000; Full time

Benefits offered by this job

401(k) plan

Hybrid work model

Health benefits

Job summary

Vestwell is seeking a Financial Crimes Compliance Associate to own day-to-day fraud detection and AML operations across our business lines. You will monitor, analyze, and mitigate financial crime risk, applying regulatory requirements with independent judgment while collaborating with Client, Operations and Services teams.

Responsibilities include detecting fraud indicators, developing typologies, interpreting regulations, escalating alerts, researching inquiries, logging investigations, and

Qualifications

• Bachelor's degree in business, finance and/or criminal justice.
• Experience performing fraud detection or anti-money laundering functions.
• Comfort working in a fast-paced start-up environment with autonomy.
• Exceptional analytical and detail-oriented aptitude; a high degree of accuracy is required.
• Strong critical-thinking skills, with the ability to analyze information, identify patterns, and make sound decisions.
• Ability to manage time effectively, set priorities, and meet deadlines.
• Excellent verbal and written communication skills.
• Proficiency with productivity tools, especially JIRA.
• Experience with research tools like LexisNexis.

Responsibilities

• Fraud Detection & Analysis: Analyze daily high-risk fraud indicators and surveillance reports to identify suspicious activity, applying regulatory knowledge to assess risk.
• Typology Development: Identifying emerging fraud patterns and communicating them for reporting/training.
• Regulatory Interpretation: Interpret applicable financial crimes and AML regulations and apply to operations to mitigate risk.
• Escalation & Reporting: Review, research, and respond to escalated alerts; prepare escalation memos for clients or internal stakeholders.
• Collaboration & Issue Resolution: Partner with Client, Operations, and Services Teams to track, research, and resolve inquiries related to financial crimes.
• Data Logging & Reporting: Maintain records of investigations and prepare data for management and client reporting.
• Process Improvement & Compliance Projects: Collaborate on procedures and platform features to enhance security reviews.
• Independent Judgment: Exercise discretion when reviewing alerts and recommending improvements.

Education

Bachelor's degree in business/finance/criminal justice

Tools

JIRA

LexisNexis

Job description

Vestwell is the financial technology company powering the new savings economy. Our platform redefines how people save for the critical aspects of life across retirement, education, and healthcare savings needs.

Today, Vestwell enables over 350,000 businesses and over 2M active savers, with over $50B in assets saved across all 50 states.

Vestwell's platform serves a diverse clientele, including financial advisers, employers, third-party administrators, financial institutions, payroll providers, government agencies, and individual savers.To learn more, visit vestwell.com

Who Are We Looking For?

Vestwell is seeking a Financial Crimes Compliance Associate to be part of our growing Legal and Compliance Team. In this role you will take ownership of day-to-day fraud detection and anti-money laundering operations across all three of our business lines to manage fraud risk and comply with regulatory requirements. You will report to the Manager of Financial Crimes Compliance and will work cross-functionally and in close collaboration with our Client, Operations and Services Teams. The role will have a significant impact by understanding, analyzing and controlling key risk for the company as we continue to scale.

What Will You Be Doing?

As a Financial Crimes Compliance Associate, you will serve as a strategic, exempt individual contributor responsible for monitoring, analyzing, and mitigating financial crime risk. This role requires independent judgment, strong analytical skills, and the ability to interpret and apply regulatory requirements to protect the company and its clients. You will collaborate across teams to ensure accurate escalation, investigation, and resolution of suspicious activity while supporting compliance initiatives.

Your responsibilities will include, but are not limited to:

• Fraud Detection & Analysis: Analyze daily high-risk fraud indicators and surveillance reports to identify suspicious activity, applying critical thinking and regulatory knowledge to assess potential risk.
• Typology Development: Identifying emerging fraud patterns and trends, and communicate them for adaptations to reporting and training materials.
• Regulatory Interpretation: Interpret applicable financial crimes and anti-money laundering regulations, applying them to business operations and client activity to ensure compliance and mitigate risk.
• Escalation & Reporting: Review, research, and respond to escalated surveillance and screening alerts. Prepare detailed escalation memos to alert clients or internal stakeholders of potential suspicious activity.
• Collaboration & Issue Resolution: Partner with Client, Operations, and Services Teams to track, research, and resolve inquiries, complaints, and escalations related to potential financial crimes.
• Data Logging & Reporting: Maintain accurate records of suspicious activity investigations and prepare data for management and client reporting.
• Process Improvement & Compliance Projects: Collaborate on improving procedures, workflows, and platform features to enhance efficiency and effectiveness of security reviews. Support Legal and Compliance team initiatives to scale financial crime mitigation strategies.
• Independent Judgment: Exercise discretion and analytical judgment when reviewing alerts, escalating issues, and recommending procedural or operational improvements.

Requirements

The Necessities

• A Bachelor's degree in business, finance and/or criminal justice
• Experience performing fraud detection or anti-money laundering functions.
• Comfort working in a fast-paced start-up environment with a substantial degree of autonomy.
• Exceptional analytical and detail-oriented aptitude; a high degree of accuracy is required.
• Strong critical-thinking skills, with the ability to analyze information, identify patterns, and make sound, evidence-based decisions.
• Ability to manage time effectively, set priorities, and meet deadlines.
• Excellent verbal and written communication skills.
• Proficiency with productivity tools, especially JIRA.
• Experience with research tools like LexisNexis.

The Extras

• Experience working at a financial institution or fintech or high growth startup.
• Experience drafting SARs or responding to FinCEN 314(a) requests.
• Familiarity with identity-verification platforms such as Plaid or Persona.

This role could be based in our New York City, Austin, King of Prussia, or Scottsdale office and will be part of Vestwell's hybrid in-office operation.

The expected base salary range for this position is $60K - $70K base. This position is eligible to participate in the Company Bonus Pool and is eligible to receive new hire equity in the Company. Please note that salary bands are based on New York and other similar metro areas and may differ based on where the role is ultimately hired.

Employee Benefits

We’re an innovative, high-growth company with an exciting future ahead. At Vestwell, we prioritize employee wellbeing through comprehensive health benefits, generous time off, and a dedicated Employee Wellbeing Committee. Our hybrid work model offers flexibility while providing access to our collaborative offices in Midtown Manhattan, Austin, King of Prussia, and Scottsdale. And, of course, as a company focused on helping people save for the future, we offer a competitive 401(k) plan.

Interview Process

Our interview process starts the same for every candidate with 1-2 introductory conversations to learn more about your background, interests, and what you're looking for, while also giving you the opportunity to learn more about Vestwell and the team. From there, the process varies by role but typically includes a skills or experience-based assessment, such as a coding interview, portfolio review, or deeper discussion of your relevant experience. Successful candidates then move on to a virtual or in-person interview panel. Before extending an offer, we complete a reference check with a current or former manager and a peer. Throughout the process, we prioritize transparency, clear communication, and minimizing surprises.

Vestwell’s Privacy Policy. Attention California residents: In the course of conducting our business and complying with federal, state, and local government regulations governing such matters as employment, tax, insurance, etc., we must collect Personal Information from you. Should you accept employment with Vestwell you may view our California Privacy Rights Act here: Vestwell’s California Privacy Rights Policy.