Financial Crimes Associate - Hyderabad, India - Wells Fargo

Wells Fargo

Verified Company

Hyderabad, India

1 week ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

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, US:

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

Required Qualifications, International:

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

Desired Qualifications:

Job Expectations:

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.