Financial Crimes Specialist

About the job

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 the organization in handling court appearances, depositions, mediations, and arbitrations • Collaborate and consult with associates on all levels • Lead, participate, 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. • Proficiency in using sanctions screening software and tools (e.g., Fircosoft, Actimize etc.) • Strong research skills for investigating potential/true match scenarios. • In-depth knowledge of global sanctions regimes and their application to financial transactions. 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

Requirements

• Financial Crimes
• Operational Risk
• Fraud Prevention
• Analytical Research

Qualifications

• 2+ years in Financial Crimes, Operational Risk, Fraud
• Bachelor’s degree in Finance or related field

Preferred Technologies

• Financial Crimes
• Operational Risk
• Fraud Prevention
• Analytical Research

About the company

Wells Fargo is an American multinational financial services company that provides banking, investment, and mortgage products and services. Known for being committed to customer satisfaction and community engagement.