Financial Crimes Specialist

About This RoleWells Fargo is seeking a Financial Crimes Specialist. 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. Learn more about career areas and business divisions at www.wellsfargojobs.com .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 companyIn This Role, You WillConduct investigative research, root cause analysis and consulting on transactions, suspicious situations, policy violations, referrals, customers, and related parties that present low to moderate risk, or complexityProvide specialized financial crimes and/or fraud reviews, and research Perform 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 caseReviews and analyzes findings to determine level of riskPrepares appropriate documentation and reporting to managementInforms peers, line of business and other partners on findingsDrafts corrective action plans and assist in managing change to prevent/mitigate riskParticipate in complex initiatives and identify opportunity for process improvements within scope of responsibilitiesPerform risk assessment and modeling to provide input and recommendations for financial crimes strategies and modelsEvaluate the adequacy and effectiveness of policies, procedures, processes and internal controlsConduct data and onsite reviews, review findings, determine risk level and recommend fraud prevention strategiesReview 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 deliverablesPerform investigative research, root cause evaluation and consulting regarding complex financial crimes transactions, policy violations and suspicious situations with moderate to high riskPerform detailed examination to detect transactional and relationship patterns, trends, anomalies and schemes across multiple businesses or productsAct as an escalation point for more complex casesPresent recommendations for resolving more complex situations and exercise independent judgment while developing full knowledge proficiency in the function, policies, procedures and compliance requirementsTake action on control failures in bank processes and proceduresRepresent organization in handling court appearances, depositions, mediations, and arbitrationsCollaborate and consult with associates on all levelsLead, participate in and provide support for projects and initiativesProvide input to development and delivery of a wide range of individual education for financial crimes awarenessPrepare documentation and refer cases for Suspicious Activity, Identity Theft Operations and Suspected Financial Abuse, reports to government agencies and makes recommendations to managementRequired 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, educationDesired 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 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) skillsStrong analytical skills with high attention to detail and accuracy Strong organizational, multi-tasking, and prioritizing skills Strong time management skills and ability to meet deadlinesExcellent verbal, written, and interpersonal communication skillsKnowledge and understanding of Anti Money Laundering (AML) and terrorist financing regulations and programs.Job Expectations: This position offers a hybrid work schedule.This position is not eligible for Visa sponsorshipJob posting may come down early due to volume of applicantsPosting End Date: 23 Aug 2024Job posting may come down early due to volume of applicants.We Value DiversityAt 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 DisabilitiesTo request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .Drug and Alcohol PolicyWells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.Wells Fargo Recruitment And Hiring Requirements Third-Party recordings are prohibited unless authorized by Wells Fargo. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.Reference NumberR-395689-1