Dec 24, 2021
Post: Financial Crimes Assoc
Company: Wells Fargo & Company
Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 20 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Use of this job is restricted to Financial Crimes in Corporate Risk. The Financial Crimes team is 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.Conducts 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 complexity. May provide specialized financial crime and/or fraud reviews, research, investigative analysis, interviews, industry conferrals and law enforcement outreach.Performs detailed analysis to detect trends, anomalies or patterns in transactions or relationships across a variety of data sources to determine liability, risk, sanctions, and/or impact of each case. Performs risk analysis and modeling as a precursor to building financial crimes strategies and models that directly impact Operating losses and indirectly impact Credit losses. Reviews and analyzes findings to determine level of risk. Prepares appropriate documentation and reporting to government agencies and management. Informs peers, line of business and other external partners on findings. Drafts corrective action plans and assists in managing change to prevent/mitigate risk.May engage with Legal and law enforcement agencies to represent organization in handling court appearances, depositions, mediations, arbitrations, etc. Creates and conducts education for financial crimes awareness. Supports and implements initiatives with low to moderate risk. Internal interaction with team to support risk oversight and monitoring. Limited to no external interaction. Works independently; does not manage other team members.
5+ years of experience in risk (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk) and a University degree in Business or related discipline
At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.
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