Vestwell · 2 days ago
Associate, Financial Crimes Compliance
Austin, TX
Full-time
Hybrid
New Grad, Entry Level
$65K/yr - $70K/yrVestwell is a financial technology company that powers the new savings economy, enabling businesses and savers to manage their savings across various needs. They are seeking a Financial Crimes Compliance Associate to oversee fraud detection functions and ensure compliance with regulatory requirements while collaborating with cross-functional teams.
Employee BenefitsFinanceFinancial ServicesFinTechRetirement
Responsibilities
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
Qualification
Required
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
Preferred
Experience working at a financial institution or fintech or high growth startup
Benefits
Competitive health coverage
Generous vacation offering
Great 401(k) plan
Company
Vestwell
Vestwell is the backbone of the modern savings economy; a fintech company powering savings for retirement, education, and healthcare.
Founded in 2016
201-500 employees
Funding
Current Stage
Late StageTotal Funding
$238.82MKey Investors
Lightspeed Venture PartnersGoldman Sachs Growth EquityF-Prime
2023-12-21Series D· $125M
2021-07-20Series C· $70M
2019-04-02Series B· $31.27M
Leadership Team
Aaron Schumm
Founder, Chairman, & CEO
David Sheen
Chief Financial Officer
Recent News
2025-12-23
Pulse 2.0
2025-12-21
Company data provided by crunchbase