1.0 - 5.0 years

7 - 17 Lacs

Bengaluru

Work from Office

About this role: Wells Fargo is seeking a Financial Crimes Associate In this role, you will: Participate in and provide support for low complexity initiatives Investigate, negotiate and mitigate potential or known moderate dollar loss or risk claims with customer suspects Examine evidence and work with more difficult customers or collect losses from responsible party Examine fraud findings to determine extent of fraud risk Review issues and policies or procedures for which answers can be quickly obtained related to lower risk tasks and deliverables with narrower impact Research and scrutinize complex transactions and referrals to prevent and detect financial crimes activities, policy violations and suspicious situations with low to moderate risk Perform analysis to detect patterns, trends, anomalies and schemes in transactions and relationships across multiple businesses or products Receive direction from supervisor and exercise judgment within defined parameters while developing understanding of function, policies, procedures, and compliance requirements Draft report of findings and trend evaluation and make recommendations to mitigate risk Provide information to managers, functional colleagues and stakeholders Provide litigation support, under guidance by more experienced colleagues, by providing support documentation, testimony and evaluating cases for potential risk Conduct education for financial crimes awareness Required Qualifications: 6+ months 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: 6+ months of relevant experience in Financial Crimes AML Investigations/Transaction Monitoring, Operational Risk in financial institution. Strong understanding 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. Experience in only KYC, Sanctions & PEP Screening need not apply. Job Expectations: Strong understanding of AML model scenarios/model that involve transaction monitoring, review and investigation summary Ability to provide learning, feedback and communicate effectively with the team members. 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 Document control findings, observations, and recommendations in a clear and organized manner. Act as a point of contact for all MIS reporting. 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.

Posted 2 months ago

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AML Model Monitoring Black Turtle

5.0 - 10.0 years

16 - 25 Lacs

hyderabad

Hybrid

3 days from Office Hyderabad Python + SQL - MUST Job Expectations: This profile is a AML model data analyst profile who understands database and data quality more than AI/ML or reporting hence reporting profiles are not preferred Reporting specialists/ Business Analysts, functional analysts, financial crimes or banking operations analyst performing L1/L2/L3 maker/checker activities or alert disposition, KYC /CDD/EDD due diligence/ Fraud /Negative news alert investigators NEED NOT apply Role & responsibilities Consult with business line and enterprise functions on less complex research Use functional knowledge to assist in non-model quantitative tools that support strategic decision making Perform analysis of findings and trends using statistical analysis and document process Present recommendations to increase revenue, reduce expense, maximize operational efficiency, quality, and compliance Identify and define business requirements and translate data and business needs into research and recommendations to improve efficiency 2+ years of experience with BSA/AML/OFAC laws and regulations. Prior Experience enhancing AML Monitoring Models and Systems. Acquaintance with financial crimes /regulatory/fraud data Demonstrated experience supporting BSA/AML and sanctions monitoring systems for global multi-channeled financial institution UAT/regression testing experience on data outputs involving complex data mapping designs. Proficient in SAS Or Python is essential, as these tools are critical for automating repeatable analytical processes. While advanced proficiency is not mandatory, a beginner to intermediate level is acceptable, with an expectation to upskill on the job. Strong foundation in statistical modeling, machine learning algorithm Experience in conducting data quality analysis to support modelling Preferred candidate profile

Posted Date not available

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