Financial Crimes Specialist

Wells Fargo is seeking a Senior Financial Crimes Specialist in Financial Crimes Risk Management as part of Independent Risk Management.

The Enhanced Due Diligence Center (EDDC) is part of the Financial Crimes Risk Management (FCRM) group. EDDC is responsible for conducting customized enhanced due diligence for Payment Intermediaries and Gaming Institutions (i.e. Money Service Businesses (MSB), Third-Party Payment Processors (TPP), Casinos, Marketplace Lenders, Crowdfunding, etc.) at an enterprise level.

As a Financial Crimes Specialist in the EDDC you will be assigned a portfolio of complex customers and are responsible for conducting due diligence in accordance with guidelines set forth in Wells Fargo policies, all applicable state and federal laws (including Bank Secrecy Act/USA Patriot Act) and regulations. The Specialist is also responsible for performing risk assessments, collecting and analyzing program documents, and completing virtual customer meetings (travel may be required in limited situations) to ensure an understanding of the customer's program. The Specialist is responsible for drafting a detailed summary report that outlines if the customer's AML program and/or related processes, policies and procedures are designed to effectively mitigate the risk associated with the services/products offered by the company.

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:

• Ability to evaluate risks and the impact of decisions on an overall organization.
• Ability to consult, build, and maintain solid working relationships in and outside of immediate department.
• Experience in providing specialized financial crimes and/or fraud reviews, and research.
• Experience in performing detailed analysis to detect trends, anomalies or patterns in transaction or relationships across a variety of data sources to determine liability, risk, and/or impact of each case.
• Change management experience.
• Community banking experience.
• Excellent verbal, written, and interpersonal communication skills.
• Ability to handle confidential material in a professional manner.
• An active Certified Regulatory Compliance Manager (CRCM) designation.
• Certified Anti Money Laundering Specialist (CAMS).
• Certified Fraud Examiner (CFE).
• Intermediate Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills.
• Strong analytical skills with high attention to detail and accuracy.
• Strong organizational, multi-tasking, and prioritizing skills.
• Strong time management skills and ability to meet deadlines.
• Excellent verbal, written, and interpersonal communication skills.
• Knowledge and understanding of Anti Money Laundering (AML) and terrorist financing regulations and programs.
• Experience in conducting investigative research, root cause analysis and consulting on transactions, suspicious situations, policy violations, referrals, customers, and related parties that present moderate to high risk, or complexity.
• Experience in reviewing and analyzing findings to determine level of risk.
• Experience in preparing appropriate documentation and reporting to management.
• Experience in informing peers, line of business and other partners on findings.
• Experience in assisting with writing corrective action plans and assist in managing change to prevent/mitigate risk.

Job Locations:

• 401 S. Tryon Street - Charlotte, North Carolina
• 250 E. John Carpenter Freeway - Irving, Texas

Job Expectations:

• This position is not eligible for Visa sponsorship.
• Ability to work additional hours as needed.
• User acceptance testing on weekends as needed.
• This position offers a hybrid work schedule.

Job posting may come down early due to volume of applicants

Posting End Date:
8 Aug 2024
*Job posting may come down early due to volume of applicants.

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.

Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.