About this role:

Wells Fargo is seeking a Financial Crimes Specialist. The Enhanced Due Diligence Center (EDDC) is part of the Financial Crimes Risk Management (FCRM) group. EDDC is responsible for conducting customized enhanced due diligence for Payment Intermediaries and Gaming Institutions (i.e. Money Service Businesses (MSB), Third-Party Payment Processors (TPP), Casinos, Marketplace Lenders, Crowdfunding, etc.) at an enterprise level. Learn more about career areas and business divisions at www.wellsfargojobs.com .

As a Financial Crimes Specialist in the EDDC you will be assigned a portfolio of complex customers and are responsible for conducting due diligence in accordance with guidelines set forth in Wells Fargo policies, all applicable state and federal laws (including Bank Secrecy Act/USA Patriot Act) and regulations. The Specialist is also responsible for performing risk assessments, collecting and analyzing program documents, and completing virtual customer meetings (travel may be required in limited situations) to ensure an understanding of the customer’s program. The Specialist is responsible for drafting a detailed summary report that outlines if the customer’s AML program and/or related processes, policies and procedures are designed to effectively mitigate the risk associated with the services/products offered by the company

In this role, you will:

• Conduct 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
• Provide specialized financial crimes and/or fraud reviews, and research
• Perform detailed analysis to detect trends, anomalies or patterns in transaction or relationships across a variety of data sources to determine liability, risk, and/or impact of each case
• Reviews and analyzes findings to determine level of risk
• Prepares appropriate documentation and reporting to management
• Informs peers, line of business and other partners on findings
• Drafts corrective action plans and assist in managing change to prevent/mitigate risk
• 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

Required Qualifications:

• 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

Desired Qualifications:

• Ability to evaluate risks and the impact of decisions on an overall organization
• Ability to consult, build, and maintain solid working relationships in and outside of immediate department
• Change management experience
• Community banking experience
• Excellent verbal, written, and interpersonal communication skills
• Ability to handle confidential material in a professional manner
• An active Certified Regulatory Compliance Manager (CRCM) designation
• Certified Anti Money Laundering Specialist (CAMS)
• Certified Fraud Examiner (CFE)
• Intermediate Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills
• Strong analytical skills with high attention to detail and accuracy
• Strong organizational, multi-tasking, and prioritizing skills
• Strong time management skills and ability to meet deadlines
• Excellent verbal, written, and interpersonal communication skills
• Knowledge and understanding of Anti Money Laundering (AML) and terrorist financing regulations and programs.

Job Expectations:

• This position offers a hybrid work schedule.
• This position is not eligible for Visa sponsorship

Job posting may come down early due to volume of applicants

Posting End Date:

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

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability 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.