About This Role
Wells Fargo is seeking a Senior 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
- Investigate, research, examine, and report complex financial crimes transactions, policy violations and suspicious situations with high levels of risk
- Perform risk evaluation 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 resulting fraud prevention strategies
- Perform investigative research, root cause assessment and consulting regarding highly 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
- Resolve moderately complex issues and lead a team to meet deliverables
- Partner closely with leadership to develop strategies to minimize financial crime portfolio risk through innovative methods with the ultimate goal of maximizing profits
- Provide leadership within the team
- Serve as a liaison and represent the organization in handling court appearances, depositions, mediations, and arbitrations
- Collaborate and consult with peers, colleagues and mid-level managers to resolve issues and achieve goals
- Lead projects, teams or serve as a mentor for less experienced staff
- Develop and deliver a wide range of training for individuals involved in issue detection
- Interact internally and externally to conduct investigations or to address risk management
Required Qualifications
- 4+ 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
- Education, Experience and Domain knowledge:
- 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 expertise in global sanctions regimes (OFAC, UN, EU, HMT, etc.) and their practical application to diverse financial products and transactions.
- Comprehensive understanding of ISO 20022 SWIFT messaging, payment systems, and international payment flows.
Job Expectations
- Quality Checks and Training: Expertise in performing Quality control checks and Training for the overall process.
- 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 narratives
- 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-527245
