Financial Crimes Specialist Job in Bangalore at Wells Fargo

Wells Fargo is hiring for the role of Financial Crimes Specialist!

Responsibilities of the Candidate:

• Participate in complex initiatives and identify opportunities for process improvements within the scope of responsibilities
• Perform risk assessment and modeling to provide input and recommendations for financial crime 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 crime 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 the 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 the development and delivery of a wide range of individual education for financial crime awareness
• Prepare documentation and refer cases for Suspicious Activity, Identity Theft Operations, and Suspected Financial Abuse, report to government agencies and make recommendations to management

Requirements:

• Experience in Financial Crimes, Operational Risk, Fraud, Sanctions, Anti-Bribery, Corruption, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education