About this role:
Wells Fargo is seeking a Financial Crimes Associate
In this role, you will:
Required Qualifications:
Desired Qualifications:
Job Expectations:
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
- 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:
- Knowledge & understanding of BSA & USA PATRIOT Act, OFAC Sanctions Programs
- Experience using screening tools like World Check, Lexis Nexis, Dow Jones & RDC
- Understanding of payments / transactions such as SWIFT, ACH, Wires etc.
- Ability to identify red flags and disposition alerts using a risk based approach
- Eye for detail, prioritization and time management
- Ability to take initiative and work independently with minimal supervision
- Basic Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills
- Good customer service skills, team work and stakeholder connect
- Strong organizational and time management skills with the ability to manage multiple responsibilities and tasks simultaneously
- Graduate, preferably in Finance / Business Administration
- ACAMS or other industry Certifications
Job Expectations:
- Conduct sanctions model review and validation through alert reviews in non-production environment
- Document the observations effectively in the closure / escalation comments
- Complete reviews within the review time period
Top Skills
Ach
Dow Jones
Lexis Nexis
MS Office
Rdc
Swift
World Check
Wells Fargo Bangalore, Karnataka, IND Office
3 Vittal Mallya Road, Bangalore, Bangalore, India, 560001
Wells Fargo Bengaluru, Karnataka, IND Office
Outer Ring Road, , , Bengaluru, Karnataka , India, 560103
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