About This Role
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
- At a minimum Bachelor's degree in Finance, Business Administration, Law, Criminal Justice, or a related field. Professional certifications such as ACAMS (Anti-Money Laundering Specialist) or Certified Global Sanctions Specialist (CGSS) or CAMS-FCI (Certified Anti-Money Laundering Specialist - Financial Crime Investigator) are highly desirable.
- experience in payment / transaction sanctions screening within a financial institution or fintech company. (this is different from the KYC / Name Screening for Sanctions)
- Proficiency in using sanctions screening software and tools (e.g., Fircosoft, Actimize etc.,).
- Strong research skills for investigating potential/true match scenarios via public domain and tool-based searches (Lexis Nexis).
- In-depth knowledge of global sanctions regimes (OFAC, UN, EU, HMT, etc.) and their application to financial transactions.
- Understanding of ISO 20022 SWIFT messages and payment systems.
Job Expectations
- Flexibility & adaptability: Ability to work in a dynamic fast paced environment
- Eye for detail: Focus on quality & error-free delivery through a keen eye for detail
- Excellent communication (written and verbal) and with an ability to write comprehensive disposition narrative
- Mandatory Requirements:
- In office & night shift work arrangement: Open to work in Night Shift (9:30 PM IST to 6:30 AM IST) and from office all 5 days of the week.
Reference Number
R-522350
