Financial Crime Specialist

About this role:

Wells Fargo is seeking a Financial Crime Specialist.

Financial Crimes: As a part of Wells Fargo's second line of defense and Independent Risk Management team, covers jobs responsible for implementing and maintaining an effective financial crimes program for the company that complies with all applicable laws, regulations, and regulatory expectations including Bank Secrecy Act, Anti-Money Laundering, Counter-Terrorist Financing, and Global Sanctions.

In this role, you will:

• Participate in complex initiatives and identify opportunity for process improvements within scope of responsibilities
• Perform risk assessment and modeling to provide input and recommendations for financial crimes strategies and models
• Evaluate the adequacy and effectiveness of policies, procedures, processes and internal controls
• Conduct data and onsite reviews, review findings, determine risk level and recommend fraud prevention strategies
• Review and assess business, operational, or technical assignments or challenges that require research, evaluation, and selection of alternatives, and exercise independent judgment to guide medium risk deliverables
• Perform investigative research, root cause evaluation and consulting regarding complex financial crimes transactions, policy violations and suspicious situations with moderate to high risk
• Perform detailed examination to detect transactional and relationship patterns, trends, anomalies and schemes across multiple businesses or products
• Act as an escalation point for more complex cases
• Present recommendations for resolving more complex situations and exercise independent judgment while developing full knowledge proficiency in the function, policies, procedures and compliance requirements
• Take action on control failures in bank processes and procedures
• Represent organization in handling court appearances, depositions, mediations, and arbitrations
• Collaborate and consult with associates on all levels
• Lead, participate in and provide support for projects and initiatives
• Provide input to development and delivery of a wide range of individual education for financial crimes awareness
• Prepare documentation and refer cases for Suspicious Activity, Identity Theft Operations and Suspected Financial Abuse, reports to government agencies and makes recommendations to management

Required Qualifications:

• 2+ years of Financial Crimes, Operational Risk, Fraud, Sanctions, Anti-Bribery, Corruption experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Strong understand on AML model scenarios/model that involve transaction monitoring, review and investigation summary
• Strong ability to identify red flags, validate, research, and analyze data.
• Strong critical thinking & analytical skills with high attention to detail and accuracy
• Excellent verbal, written, and interpersonal communication skills
• Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
• Ability to develop partnerships and collaborate with team members from functional areas
• Ability to take on a high level of responsibility, initiative, and accountability.

Job Expectations:

• This is AML Investigator role where analyst is required to understand the model/rules and should be able to identify the red flags and mitigating factors.
• Strong investigation writing skills to be able to articulate the entire investigation in impactful manner.
• Investigators should be able to plan and prioritize the daily deliverable
• Proactive in raising potential issues or blockers to get solution in timely manner.
• Eagerness and ability to participate in new projects with timely delivery
• Experience in only KYC, Sanctions & PEP Screening - need not apply.

Posting End Date:
26 Feb 2025
*Job posting may come down early due to volume of applicants.

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.

Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.