Financial Crimes Associate

About this role:

Wells Fargo is seeking a Financial Crimes Associate.

As a part of Wells Fargos second line of defense and Independent Risk Management team Financial Crimes Risk Management covers jobs responsible for implementing and maintaining an effective financial crimes program for the company that complies with all applicable laws regulations and regulatory expectations including Bank Secrecy Act Anti-Money Laundering Counter-Terrorist Financing and Global Sanctions.

In this role you will:

• Participate in and provide support for low complexity initiatives
• Investigate negotiate and mitigate potential or known moderate dollar loss or risk claims with customer suspects
• Examine evidence and work with more difficult customers or collect losses from responsible party
• Examine fraud findings to determine extent of fraud risk
• Review issues and policies or procedures for which answers can be quickly obtained related to lower risk tasks and deliverables with narrower impact
• Research and scrutinize complex transactions and referrals to prevent and detect financial crimes activities policy violations and suspicious situations with low to moderate risk
• Perform analysis to detect patterns trends anomalies and schemes in transactions and relationships across multiple businesses or products
• Receive direction from supervisor and exercise judgment within defined parameters while developing understanding of function policies procedures and compliance requirements
• Draft report of findings and trend evaluation and make recommendations to mitigate risk
• Provide information to managers functional colleagues and stakeholders
• Provide litigation support under guidance by more experienced colleagues by providing support documentation testimony and evaluating cases for potential risk
• Conduct education for financial crimes awareness

Required Qualifications:

• 6 months 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:

• Anti -Money Laundering (AML) / Bank Secrecy Act (BSA) experience including strong knowledge and understanding of transaction monitoring. Good analytical skills with high attention to detail and accuracy. Good verbal and written communication skills. Good time management skills and ability to meet deadlines. Microsoft Office (Word Excel and Outlook) skills

Posting End Date:

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. 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.

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 units risk appetite and all risk and compliance program requirements.

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. 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.