Financial Crimes Associate | Wells Fargo | Bangalore

Job Detail

Job Role: 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:

Strong understand on AML model scenarios/model that involve transaction monitoring, review and investigation summary
Strong ability to identify red flags, validate, research, and analyze data.
Strong critical thinking & analytical skills with high attention to detail and accuracy
Excellent verbal, written, and interpersonal communication skills
Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
Ability to develop partnerships and collaborate with team members from functional areas
Ability to take on a high level of responsibility, initiative, and accountability.

Job Expectations:

This is AML Investigator role where analyst is required to understand the model/rules and should be able to identify the red flags and mitigating factors.
Strong investigation writing skills to be able to articulate the entire investigation in impactful manner.
Investigators should be able to plan and prioritize the daily deliverable
Proactive in raising potential issues or blockers to get solution in timely manner.
Eagerness and ability to participate in new projects with timely delivery
Experience in only KYC, Sanctions & PEP Screening – need not apply.