Financial Crimes Specialist-2

Wells Fargo

2mo ago

Applications are closed

Job
Full-time
Junior Level
Legal
Banking & Finance
Hyderabad, +1

Requirements

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
Experience in Financial Crimes, Operational Risk, Fraud, Sanctions, Anti-Bribery, Corruption, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Responsibilities

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

FAQs

What is the primary role of a Financial Crimes Specialist at Wells Fargo?

The primary role involves participating in complex initiatives, conducting risk assessments, evaluating policies and procedures, performing investigative research, and recommending fraud prevention strategies to combat financial crimes.

What are the required qualifications for this position?

The required qualifications include 2+ years of experience in Financial Crimes, Operational Risk, Fraud, Sanctions, Anti-Bribery, Corruption, or equivalent demonstrated through work experience, training, military experience, or education.

Are there any preferred qualifications for applicants?

Yes, preferred qualifications include additional experience in Financial Crimes, Operational Risk, Fraud, Sanctions, Anti-Bribery, Corruption, or equivalent demonstrated through work experience, training, military experience, or education.

What kind of responsibilities will I have regarding data reviews?

You will conduct data and onsite reviews, evaluate findings, determine risk levels, and recommend fraud prevention strategies.

Is this position suitable for individuals with disabilities?

Yes, Wells Fargo encourages applicants with disabilities and provides accommodations during the recruitment process upon request.

What action is required if there are control failures in bank processes?

You will be expected to take action on control failures in bank processes and procedures to mitigate risk.

Will there be opportunities for professional development in this role?

Yes, the role includes providing input for the development and delivery of financial crimes awareness education.

Do employees have opportunities for collaboration in this position?

Yes, the position involves collaborating and consulting with associates at all levels within the organization.

What type of cases will I handle as a Financial Crimes Specialist?

You will handle complex financial crimes transactions, policy violations, and suspicious situations with moderate to high risk.

What is the end date for this job posting?

The job posting will be open until November 3, 2024. However, it may be taken down early due to a high volume of applicants.

Wells Fargo

Finance

Industry

10,001+

Employees

1929

Founded Year

Mission & Purpose

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with approximately $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through more than 7,300 locations, 12,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in over 40 countries and territories to support customers who conduct business in the global economy. With approximately 250,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 41 on Fortune’s 2022 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories. Relevant military experience is considered for veterans and transitioning service men and women. Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation. © 2016 Wells Fargo Bank, N.A. All rights reserved. Member FDIC.