Associate, Financial Crimes Compliance

Vestwell is the financial technology company powering the new savings economy. The New York City-based fintech platform redefines how people save for the critical aspects of life across retirement education and healthcare savings needs. Today Vestwell enables over 350000 businesses and nearly 1.5 Million active savers with over $30 billion in assets saved across all 50 United States.

Vestwell offers a range of products including workplace-delivered retirement plans employer-offered student loan repayment benefits and various savings accounts for education emergencies and individuals with disabilities.

Vestwells platform serves a diverse clientele including financial advisers employers third-party administrators financial institutions payroll providers government agencies and individual savers. To learn more

Who Are We Looking For

Vestwell is seeking a Financial Crimes Compliance Associate to be part of our growing Legal and Compliance this role you will take ownership of the day-to-day fraud detection functions to manage fraud risk for Vestwell and our clients and comply with regulatory requirements. You will report to the Financial Crimes Compliance Manager 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 scale into our next phase of growth.

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.
• 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 Bachelors 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.

This role could be based in our Austin or Phoenix office and will be part of Vestwells hybrid in-office operation.

The expected base salary range for this position is $65K - $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.

OUR BENEFITS

Were an innovative high-growth company with lots of exciting milestones ahead. We value health and wellness at Vestwell and in addition to a dedicated Employee Wellbeing Committee we offer competitive health coverage and generous vacation offering. We have adopted a hybrid office policy but all employees are welcome at our bright comfortable office with many workspace options in our Midtown Manhattan Austin King of Prussia and Phoenix offices so everyone has a setting that is the most productive for them. Oh and naturally we have a great 401(k) plan!

OUR PROCESS

It starts the same for every candidate: getting to know the team members through 1-2 conversations about Vestwell your experience and your interests. Next steps can vary by role but the usual next steps are a skill or experience screen (e.g. a coding interview for an Engineer a portfolio review for a Designer deeper experience call for other roles) which leads to a virtual or in-person interview panel after that if the screens go well.Before making an offer our interview process concludes with a references check stage for your recruiter to meet with a current or former supervisor and peer.We prioritize transparency and lack of surprise throughout the process.

For your awareness you will only receive correspondence from any other domain not ending not our Recruitment team.

VestwellsPrivacy 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:Vestwells California Privacy Rights Policy.