Financial Crimes Compliance Associate: Fraud & AML

Vestwell; New York (NY); Hybrid; USD 60,000 - 70,000; Full time

Benefits offered by this job

Company bonus pool

New hire equity

Hybrid in-office operation

401(k) plan

Health benefits

Job summary

Vestwell is seeking a Financial Crimes Compliance Associate to join our Legal and Compliance Team. You will own day-to-day fraud detection and AML operations across all three business lines and report to the Manager of Financial Crimes Compliance while collaborating with our Client, Operations, and Services Teams.

You will monitor, analyze, and mitigate financial crime risk, interpret regulations, escalate alerts, and support compliance initiatives as Vestwell scales.

Qualifications

• Bachelor's degree in business, finance and/or criminal justice.
• Experience performing fraud detection or anti-money laundering functions.
• Autonomy in a fast-paced startup environment.
• Excellent verbal and written communication skills.
• Proficiency with JIRA and LexisNexis.

Responsibilities

• Analyze daily high-risk fraud indicators and surveillance reports to identify suspicious activity.
• Identify emerging fraud patterns and communicate them for reporting and training updates.
• Interpret applicable financial crimes and anti-money laundering regulations for business operations.
• Prepare detailed escalation memos to alert clients or internal stakeholders of potential suspicious activity.
• Collaborate with Client, Operations, and Services Teams to resolve inquiries and escalations.
• Maintain accurate records of investigations and prepare data for management and client reporting.
• Contribute to process improvements and compliance projects to scale financial crime controls.
• Exercise independent judgment when reviewing alerts and proposing improvements.

Skills

Fraud detection

Anti-money laundering

Analytical

Detail-oriented

Critical thinking

Time management

Communication

Education

Bachelors degree

Tools

JIRA

LexisNexis

Job description

Vestwell is seeking a Financial Crimes Compliance Associate to join our Legal and Compliance Team. You will own day-to-day fraud detection and AML operations across all three business lines and report to the Manager of Financial Crimes Compliance while collaborating with our Client, Operations, and Services Teams.

You will monitor, analyze, and mitigate financial crime risk, interpret regulations, escalate alerts, and support compliance initiatives as Vestwell scales.