Financial Crimes Specialist

Wells Fargo is seeking a Financial Crimes 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

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.