Financial Crimes Administrator
Wells Fargo
About this role:
Wells Fargo is seeking a Financial Crimes Administrator.
As a part of Wells Fargo's 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:
- Perform general account handling functions such as close account determination, holds, restraints, etc.
- Document research findings and actions on cases for possible referrals for Suspicious Activity, Identity Theft Operations and Suspected Financial Abuse
- Maintain files, records, databases and prepare routine management reports
- Perform moderately complex administrative, transactional, operational and customer support tasks
- Monitor moderate to complex account activity which requires research that may involve multiple transaction channels
- Receive direction from supervisor and escalate non-routine questions
- Identify opportunities and make recommendations to improve processes
- Interact with immediate team and functional area on wider range of information
- Contact customers and vendors to validate transactions
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:
- Anti -Money Laundering (AML) / Bank Secrecy Act (BSA) experience including strong knowledge and understanding of transaction monitoring.
- In-depth knowledge of OFAC regulations, US sanctions and global regulatory guidelines
- 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
Job Expectations:
- Conduct thorough name screening checks using internal and external databases to identify potential matches against watchlists, sanctions lists, potentially exposed persons and adverse media.
- Analyze screening results to determine the relevance and risk level of potential matches, escalating high-risk cases to the appropriate stakeholders for further review and action
- Investigate and resolve false positives by conducting additional research and analysis to verity customer identities and assess potential risk factors
- Maintain accurate documentation of screening activities, including narratives / notes, findings, decision rationale etc. in accordance with company policies and regulatory requirements
- Stay abreast of regulatory developments and industry best practices
- Collaborate and consult with associates on all levels
Posting End Date:
8 Feb 2025*Job posting may come down early due to volume of applicants.
We Value Diversity
At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
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 unit’s risk appetite and all risk and compliance program requirements.
Candidates applying to job openings posted in US: 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.
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, 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.