Business Accountability Associate
Business Accountability Associate
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
About this role:
Wells Fargo is seeking a Business Accountability Associate in Financial Crimes Operations as part of Enterprise Functions. Learn more about the career areas and lines of business at wellsfargojobs.
The Transactional Risk & Intelligence Group (TRIG) is a centralized function within Financial Crimes Operations that delivers actionable transactional analysis and intelligence reporting. TRIG is seeking a BAA to perform transactionbased reviews of customers with elevated and complex risk profiles to generate actionable recommendations to line of business risk management teams. In this role the BAA will support in executing Financial Institutions Group (FIG) correspondent banking reviews complex customer reviews and industry portfolio reviews.
In this role you will:
Conduct deep due diligence research on highrisk customers and analyze customer transactions and demographic data points to identify new or emerging customer financial crimes risks and/or customers presenting a heightened risk within a portfolio.
Evaluate moderate to high complexity customer to determine appropriate level of escalation and ultimate recommendation in consultation with manager/reviewer.
Work with 1000s of rows and cells of data in Microsoft Excel to perform the analysis on datapoints ranging from geography to transactional values and volumes to relational data.
Work with the groups data partners midlevel managers and crossfunctional business partners to develop strategies techniques and tools to facilitate the advancement of reviews.
Write observations and risk dispositions that help business partners better understand customers behavior and manage the risk. Communicate findings and provide appropriate direction to manager/reviewer and business partners.
Participate in moderately to high complexity project initiatives.
Serve as an antimoney laundering/counter threat finance subject matter expert and reviewer of reports for more junior members on the team.
Required Qualifications:
6 months of risk management business controls quality assurance business operations compliance or process experience or equivalent demonstrated through one or a combination of the following: work experience training military experience education
Desired Qualifications:
Bachelors degree in Business Finance Accounting Economics National Security & Intelligence Studies or other relevant field.
BSA/AML compliance experience and/or experience and understanding of risk management principles; financial crimes risk management experience highly preferred
Ability to evaluate risks and to communicate relevant risk in a simple decisive timely and marketappropriate manner.
Strong computer skills utilizing Microsoft Office Suite with indepth Excel experience (including Pivot Tables and performing analysis of large data sets).
Strong verbal and written communications skills in English.
Ability to build strong partnerships and to work across multiple cultures. Proven interpersonal organization and presentation skills.
Must be highly proficient in the use of Microsoft PowerPoint and Word. Knowledge and experience with SharePoint Tableau Visio i2 Palantir Kharon and other similar applications is desired.
Ability to manage large and complex sets of data.
Knowledge of Wells Fargo systems (WCIS Cornerstone Hogan OIB IIS UAR Portal etc. and products (wires ACH check products cash vault etc..
Industry certifications (e.g. CAMS certified and/or Wells Fargo AML/Sanctions Credential Program etc..
Foreign language skills.
Posting Location:
221 North Kansas Street El Paso Texas 79901
Job Expectations:
Willingness to work onsite at the location listed
This position is not eligible for Visa sponsorship
The Business Accountability Associate will report into the Transactional Risk & Intelligence Group (TRIG). TRIG provides proactive risk identification through transactional analysis in order to properly mitigate identified risks. TRIG also provides supplemental due diligence in the form of research on Commercial Banking (CB) and Corporate and Investment Banking (CIB) customers presenting escalated risk. Product industry and emerging risk reviews conducted by this group assess the line of business risk exposure to targeted industries trends products customer types and other factors. Overall the team is responsible for the following:
Identifying customers presenting a heightened risk to CB and CIB through product industry and emerging risk reviews
Conducting deep research on highrisk customers and industries
Assessing CBs and CIBs exposure to emerging risks
Enhancing customer due diligence and risk baselines based on transactional usage
The Business Accountability Associate will be responsible for conducting activity reviews for Corporate and Investment Banking Financial Institutional Customer relationships by analyzing customer transactions (e.g. wires cash letters letters of credit); conducting Internet research regarding parties involved in the transactions; reviewing due diligence files; writing detailed reports to present the results of the EDD reviews to senior risk and line of business managers; and working on other risk assessment projects. The Business Accountability Associate will be tasked with conducting various forms of transactional due diligence reviews in support of CIBs risk management of its foreign and domestic customer relationships; these reviews include Customer Base Summaries (CBS) Focused Risk Assessments (FRA) and country and regionallevel risk assessments when required.
Customer Base Summaries provide CIB and Relationship Management teams with summaries of a customers product usage (wires checks etc. and exposure to specific customer segments of interest and highrisk geographies. These reports are customer shareable and provide CIB with a unique and powerful tool to help drive meaningful dialogue during customer facing engagements.
Focused Risk Assessments are focused riskbased transactional activity reviews that help CIB vet a single bank customer for exposure to typologies of concern key customer segments of interest emerging risks and negative media. FRAs provide key risk management support to CIB for existing bank customers as well as to new customer on boarding and product exception approval determinations.
When required TRIG also conducts country and regionallevel risk assessments to provide CIB with increased risk awareness across multiple customer relationships.
Posting End Date:
21 Mar 2025*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 compliancedriven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for 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 units 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 visitDisability 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. ThirdParty 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.
Required Experience:
IC
Employment Type
Full-Time
