Fraud & AML Compliance Associate

Vestwell; Northern (KY); Hybrid; 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 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