Financial Crimes Associate
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 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:
6+ months of relevant experience in Financial Crimes - AML Investigations/Transaction Monitoring, Operational Risk in financial institution.
Strong understanding 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.
Experience in only KYC, Sanctions & PEP Screening - need not apply.
Job Expectations:
Strong understanding of AML model scenarios/model that involve transaction monitoring, review and investigation summary
Ability to provide learning, feedback and communicate effectively with the team members.
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
Document control findings, observations, and recommendations in a clear and organized manner.
Act as a point of contact for all MIS reporting.
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.
Posting End Date:
10 Jul 2025
*Job posting may come down early due to volume of applicants.
We Value Equal Opportunity
Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, ****** orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
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 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 ******* Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and ******* 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.