Financial Crimes Compliance Associate

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 790,000 businesses and more than 2.75 million active savers, with over $57 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.

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.