Financial Crime Associate

2 weeks ago

Hyderabad, India Wells Fargo Full time

**About this role**:
The Financial Crimes Associate in GSSRG performs screening and alert dispositioning for over 95% of Wells Fargo's customer relationships, as well all international and domestic wire transfers, global remittances, ACH, credit card/prepaid cards, trade finance, official checks and other payment products. The Associate will perform screening to detect politically exposed persons (PEPs) holding accounts directly or indirectly through beneficial ownership. The role also entails Negative News screening for certain account/customer records.

**In this role, you will**:

- Conducts reviews of bank customers (individuals/entities), related parties (owners, board of directors, executives) and/or transactions that present a moderate degree of complexity and risk to determine appropriateness for Wells Fargo.
- Conducts comprehensive research and/or background investigations on individuals, entities, organizations or locations to identify and mitigate associated sanctions, credit, financial crime, and reputational risks and thoroughly documenting findings.
- Reviews & analyzes due diligence data from a variety of sources to determine overall risk.
- Screens customers, prospects and/or transactions against various regulatory reporting lists and regionally based sanctions watch lists.
- Evaluates risks to determine permissibility under sanctions, regulations and/or BSA/AML regulations. Reviews transactions / profiles of high risk customers (e.g. casinos, MSBs, payment processors) to understand controls and activities.
- Provides appropriate direction to the line of business. Escalates confirmed sanctions alerts, PEP matches and other risks appropriately.
- Ensures compliance with guidelines set forth in federal/state anti-money laundering laws and regulations including the Bank Secrecy Act and various sanctions regulations, and in accordance with policy/procedures set by the bank.
- Prepares & submits regulatory reporting and requests. Consults with peers, line of business managers & other external parties regarding due diligence findings.
- Develops/delivers procedures or training; or mentors less experienced consultants.

**Required Qualifications**:

- 5+ years of experience in Financial Crime Compliance - Sanctions Screening (Customer & Transaction), PEP & Negative News Screening
- Knowledge & understanding of BSA & USA PATRIOT Act, OFAC Sanctions Programs
- Experience using screening tools like World Check, Lexis Nexis, Dow Jones & RDC
- Understanding of payments / transactions such as SWIFT, ACH, Wires etc.
- Ability to identify red flags and disposition alerts using a risk based approach
- Eye for detail, prioritization and time management
- Ability to take initiative and work independently with mínimal supervision
- Basic Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills
- Good customer service skills, team work and stakeholder connect
- Strong organizational and time management skills with the ability to manage multiple responsibilities and tasks simultaneously
- Graduate, preferably in Finance / Business Administration

**Desired Qualifications**:

- ACAMS or other industry Certifications
- Control testing or transaction monitoring experience
- Experience as a QC / Maker / 4-eye reviewer

**We Value Diversity**

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.

**Drug and Alcohol Policy**

Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.

  • Financial Crimes Associate

    2 weeks ago

    Hyderabad, India Wells Fargo Full time

    **About this role**: Wells Fargo is seeking a 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...

  • Financial Crime Associate

    3 weeks ago

    Hyderabad, India Wells Fargo Full time

    **About this role**: Wells Fargo is seeking a 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...

  • Financial Crimes Associate

    1 week ago

    Hyderabad, India WELLS FARGO BANK Full time

    **Responsibilities** - Conducts reviews of bank customers (individuals/entities), related parties (owners, board of directors, executives) and/or transactions that present a moderate degree of complexity and risk to determine appropriateness for Wells Fargo. - Conducts comprehensive research and/or background investigations on individuals, entities,...

  • Financial Crimes Administrator

    1 month ago

    Hyderabad, India Wells Fargo Full time

    **About this role**: Wells Fargo is seeking a 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...

  • Financial Crimes Associate Manager

    2 weeks ago

    hyderabad, India WELLS FARGO BANK Full time

    About this role: Wells Fargo is seeking a Financial Crimes Associate Manager.In this role, you will: • Manage and develop a team of individual contributor roles performing quality assurance (QA) reviews• Engage stakeholders and internal partners• Implement and maintain an effective financial crimes program for the company that complies with all...

  • Financial Crimes Associate Manager

    3 days ago

    Hyderabad, Telangana, India WELLS FARGO BANK Full time

    About this role:Wells Fargo is seeking a Financial Crimes Associate Manager.In this role, you will:• Manage and develop a team of individual contributor roles performing quality assurance (QA) reviews• Engage stakeholders and internal partners• Implement and maintain an effective financial crimes program for the company that complies with all...

  • Financial Crimes Associate Manager

    3 weeks ago

    Hyderabad, India WELLS FARGO BANK Full time

    About this role:Wells Fargo is seeking a Financial Crimes Associate Manager.In this role, you will:• Manage and develop a team of individual contributor roles performing quality assurance (QA) reviews• Engage stakeholders and internal partners• Implement and maintain an effective financial crimes program for the company that complies with all...

  • Financial Crimes Specialist

    4 weeks ago

    Hyderabad, India WELLS FARGO BANK Full time

    About this role:Wells Fargo is seeking a Financial Crimes Specialist.In this role, you will:Participate in complex initiatives and identify opportunity for process improvements within scope of responsibilitiesPerform risk assessment and modeling to provide input and recommendations for financial crimes strategies and modelsEvaluate the adequacy and...

  • Financial Crimes Specialist

    2 weeks ago

    Hyderabad, India WELLS FARGO BANK Full time

    About this role:Wells Fargo is seeking a Financial Crimes Specialist.In this role, you will:Participate in complex initiatives and identify opportunity for process improvements within scope of responsibilitiesPerform risk assessment and modeling to provide input and recommendations for financial crimes strategies and modelsEvaluate the adequacy and...

  • Financial Crimes Specialist

    3 days ago

    Hyderabad, Telangana, India WELLS FARGO BANK Full time

    About this role:Wells Fargo is seeking a Financial Crimes Specialist.In this role, you will:Participate in complex initiatives and identify opportunity for process improvements within scope of responsibilitiesPerform risk assessment and modeling to provide input and recommendations for financial crimes strategies and modelsEvaluate the adequacy and...

  • Financial Crime Fraud Management

    2 months ago

    Hyderabad, India Opalforce Inc Full time

    Summary:Asa Risk and Compliance Representative you will be responsible forsupporting service delivery through quality and risk management.Your typical day will involve increasing awareness of compliancepolicies and processes related to Financial Crime & FraudManagement.Roles&Responsibilities:Develop and implement risk management strategies and...

  • Financial Crime Fraud Management

    2 months ago

    hyderabad, India Opalforce Inc Full time

    Summary:Asa Risk and Compliance Representative you will be responsible forsupporting service delivery through quality and risk management.Your typical day will involve increasing awareness of compliancepolicies and processes related to Financial Crime & FraudManagement.Roles&Responsibilities:Develop and implement risk management strategies and...

  • Financial Crimes Administrator

    3 weeks ago

    Hyderabad, India Wells Fargo Full time

    **About this role**: Wells Fargo is seeking a Financial Crimes Administrator... **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 Crimes Specialist-2

    2 weeks ago

    Hyderabad, Telangana, India Wells Fargo Full time

    **About this role**: Wells Fargo is seeking a... **In this role, you will**: - 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...

  • Financial Crime Fraud Management

    4 days ago

    Hyderabad, Telangana, India Opalforce Inc Full time

    Summary:Asa Risk and Compliance Representative you will be responsible forsupporting service delivery through quality and risk management.Your typical day will involve increasing awareness of compliancepolicies and processes related to Financial Crime & FraudManagement.Roles&Responsibilities:Develop and implement risk management strategies and...

  • Financial Crimes Specialist-2

    4 days ago

    Hyderabad, Telangana, India Wells Fargo Full time

    About this role:Wells Fargo is seeking a...In this role, you will: 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,...

  • Financial Crimes Administrator

    4 days ago

    Hyderabad, Telangana, India Wells Fargo Full time

    About this role:Wells Fargo is seeking a Financial Crimes Administrator...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...

  • Financial Crimes Specialist-2

    2 weeks ago

    Hyderabad, India WELLS FARGO BANK Full time

    About this role:Wells Fargo is seeking a...In this role, you will:Participate in complex initiatives and identify opportunity for process improvements within scope of responsibilitiesPerform risk assessment and modeling to provide input and recommendations for financial crimes strategies and modelsEvaluate the adequacy and effectiveness of policies,...

  • Compliance - Financial Crime Compliance - Associate - Hyderabad

    1 week ago

    Hyderabad, India Goldman Sachs Full time

    Our division prevents, detects and mitigates compliance, regulatory and reputational risk across the firm and helps to strengthen the firm’s culture of compliance. Compliance accomplishes these through the firm’s enterprise-wide compliance risk management program. As an independent control function and part of the firm’s second line of defense,...

  • Compliance - Financial Crime Compliance - Associate - Hyderabad

    4 days ago

    Hyderabad, Telangana, India Goldman Sachs Full time

    Our division prevents, detects and mitigates compliance, regulatory and reputational risk across the firm and helps to strengthen the firm's culture of compliance. Compliance accomplishes these through the firm's enterprise-wide compliance risk management program. As an independent control function and part of the firm's second line of defense, Compliance...