Financial Crimes Associate

Wells Fargo is seeking a Financial Crimes Associate

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:

Risk and regulatory compliance experience

BSA/AML experience

Experience with BSA/AML/OFAC laws and regulations

Experience working with laws, rules and regulations within regulatory guidelines or policies

Microsoft Office skills

Strong analytical skills with high attention to detail and accuracy

Excellent verbal, written, and interpersonal communication skills

Ability to achieve high production and quality standards

Certified Anti Money Laundering Specialist (CAMS)-desirable but not mandatory.

Knowledge of Fircosoft rule creation and exception creation desirable

Knowlege of Sanction Payment screening.