Job
Description
About this role: Wells Fargo is seeking a financial crime specialist 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 Experience in Financial Crimes, Operational Risk, Fraud, Sanctions, Anti-Bribery, Corruption, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education Desired Qualifications: Anti -Money Laundering (AML) Bank Secrecy Act (BSA) experience including strong knowledge and understanding of AML -KYC, Name Screening, Sanctions Screening (Account and Transaction) or equivalent. In-depth knowledge of OFAC regulations, US sanctions and global regulatory guidelines Good analytical skills with high attention to detail and accuracy. Good verbal and written communication skills. Good time management skills and ability to meet deadlines. Microsoft Office (Word, Excel, and Outlook) skills Experience in Financial Crimes, Operational Risk, Fraud, Sanctions, Anti-Bribery, Corruption, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education Job Expectations: Conduct thorough name screening checks using internal and external databases to identify potential matches against watchlists, sanctions lists, potentially exposed persons and adverse media. Analyze screening results to determine the relevance and risk level of potential matches, escalating high-risk cases to the appropriate stakeholders for further review and action Investigate and resolve false positives by conducting additional research and analysis to verity customer identities and assess potential risk factor Maintain accurate documentation of screening activities, including narratives notes, findings, decision rationale etc. in accordance with company policies and regulatory requirements Stay abreast of regulatory developments and industry best practices Collaborate and consult with associates on all levels.
