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Financial Crimes Associate

1 - 5 years

7 - 17 Lacs

Posted:9 hours ago| Platform: Naukri logo

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Job Type

Full Time

Job Description

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.

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Wells Fargo
Wells Fargo

Banking and Financial Services

San Francisco

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