About this role:
Wells Fargo is seeking a Financial Crimes Specialist
In this role, you will:-
Lead or participate in moderately complex initiatives and deliverables within functional area and contribute to large-scale planning related to functional area deliverables
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Investigate, research, examine, and report complex financial crimes transactions, policy violations and suspicious situations with high levels of risk
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Perform risk evaluation and modeling to provide input and recommendations for financial crimes strategies and models
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Evaluate the adequacy and effectiveness of policies, procedures, processes and internal controls
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Conduct data and onsite reviews, review findings, determine risk level and recommend resulting fraud prevention strategies
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Perform investigative research, root cause assessment and consulting regarding highly complex financial crimes transactions, policy violations and suspicious situations with moderate to high risk
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Perform detailed examination to detect transactional and relationship patterns, trends, anomalies and schemes across multiple businesses or products
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Act as an escalation point for more complex cases
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Resolve moderately complex issues and lead a team to meet deliverables
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Partner closely with leadership to develop strategies to minimize financial crime portfolio risk through innovative methods with the goal of maximizing profits
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Provide leadership within the team
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Serve as a liaison and represent the organization in handling court appearances, depositions, mediations, and arbitrations
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Collaborate and consult with peers, colleagues and mid-level managers to resolve issues and achieve goals
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Lead projects, teams or serve as a mentor for less experienced staff
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Develop and deliver a wide range of training for individuals involved in issue detection
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Interact internally and externally to conduct investigations or to address risk 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:-
Quality Assurance experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
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Risk and regulatory compliance experience
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BSA/AML experience
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Experience with BSA/AML/OFAC laws and regulations
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Experience working with laws, rules and regulations within regulatory guidelines or policies
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Advanced Microsoft Office skills
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Strong analytical skills with high attention to detail and accuracy
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Excellent verbal, written, and interpersonal communication skills
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Training delivery and facilitation experience
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Ability to achieve high production and quality standards
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Strong public speaking skills
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Project management experience
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Certified Anti Money Laundering Specialist (CAMS)
Job Expectations:-
Provide support and evaluation/validation guidance to quality assurance staff by answering questions on regulations or compliance, procedures and policies
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Escalate key maintenance errors identified during evaluation & validation process and ensure resolution of same, reviewing programs, processes, documentation, to ensure compliance with internal company requirements or government regulations
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Review systems to ensure company standards are met, exceptions are notated, and issues escalated as necessary
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Assist in development and design of product specific databases
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Review and evaluate work
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Prepare calibration feedback and facilitate calibrations across the team to ensure consistency of quality evaluations delivered to clients
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Monitor quality assurance programs and processes to identify gaps and risk assessment
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Design and conduct training as needed
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Provide coaching to staff and track performance expectations and results
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Make final evaluation decisions on disputes which impact quality results
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Interact with staff and business partners to promote teamwork and departmental effectiveness
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Specific responsibilities include the following:
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Evaluate output from the Customer Due Diligence Group which includes Corporate Politically Exposed Persons, Global Sanctions Screening & Reporting, and Enhanced Due Diligence Center.
- Effectively manage a personal work queue and consistently deliver error free quality control reviews.
- Use approved policies and procedures to complete reviews that are clear, concise, and easily understood by due diligence consultants and leaders.
- Examine and analyze programs, processes, and/or files of unusual, complex and/or higher risk transactions to ensure compliance with internal company requirements and/or agency or government regulations.
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Clearly communicate overall process or transaction quality and provide feedback to appropriate contacts regarding identified material deficiencies or issues including identification of inconsistencies.
- Analyze risks and offset and develop solutions for problems identified.
- Work directly with peers and leaders throughout all groups within the Customer Due Diligence Group.
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In this role, the candidate could potentially participate in multiple projects across the Customer Due Diligence Group. They will be expected to adhere to all relevant milestones for which they are accountable and provide project sponsors/leaders with timely project status updates while keeping them aware of any issues that may cause a delay in the project or milestone completion.
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Must be detail - oriented, flexible, and open minded and creative in problem solving approach.
- Able to articulate a complex problem, design, build and implement a solution and communicate in clear business terms the benefits of the proposed risk management approach.
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Must possess exceptional communication skills.
- Ability to learn, grasp, and understand intricate details of the Global Sanctions Screening & Reporting process, Credit Investigations, and the Enhanced Due Diligence.
Posting End Date:
2 Jul 2025
*Job posting may come down early due to volume of applicants.
We Value Equal Opportunity
Wells Fargo is an equal opportunity employer. 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.
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 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.
