What are the responsibilities and job description for the Senior Financial Crimes Specialist position at Wells Fargo?
About This Role
Wells Fargo is seeking a Senior Financial Crimes Specialist to join the Global Sanctions Screening Group, a highly visible, impactful, and fast paced team within the Financial Crimes Risk Management. Learn more about the career areas and business divisions at wellsfargojobs.com . The Senior Financial Crimes Specialist will be responsible for the implementation and execution of Wells Fargo's Global Sanctions program. This team works across domestic and overseas locations to screen customers, accounts, and transactions to identify sanctioned parties, locations and/or goods. In addition, they conduct reviews of bank customers (individuals/entities), related parties (owners, board of directors, executives) and/or transactions that present a moderate to high level of complexity and risk to determine appropriateness for Wells Fargo.
In This Role, You Will
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$84,000.00 - $164,400.00
Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
10 Apr 2025
At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
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 US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
Applicants With Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Wells Fargo Recruitment And Hiring Requirements
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Wells Fargo is seeking a Senior Financial Crimes Specialist to join the Global Sanctions Screening Group, a highly visible, impactful, and fast paced team within the Financial Crimes Risk Management. Learn more about the career areas and business divisions at wellsfargojobs.com . The Senior Financial Crimes Specialist will be responsible for the implementation and execution of Wells Fargo's Global Sanctions program. This team works across domestic and overseas locations to screen customers, accounts, and transactions to identify sanctioned parties, locations and/or goods. In addition, they conduct reviews of bank customers (individuals/entities), related parties (owners, board of directors, executives) and/or transactions that present a moderate to high level of complexity and risk to determine appropriateness for Wells Fargo.
In This Role, You Will
- Conduct reviews of bank customers (individuals/entities), related parties (owners, board of directors, executives) and/or transactions that present a moderate to high level of complexity and risk to determine appropriateness for Wells Fargo.
- Conduct comprehensive research and/or background investigations on transactions, individuals, entities, organizations, or locations to identify and mitigate associated sanctions, credit, financial crimes, and reputational risks and thoroughly document findings.
- Review and analyze due diligence data from a variety of sources to determine overall risk.
- Review repetitive false positive alerts within the transaction screening space to identify opportunities for rules or whitelist (good Guy) records.
- Builds, tests, documents, and stages rules for deployment.
- Ensure 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.
- Prepare and submit regulatory reporting and requests.
- Consult with peers, line of business managers and other external parties regarding due diligence findings.
- Participate in moderate to complex project initiatives as the primary subject matter expert.
- Develop and deliver procedures or training or mentor consultants with less experience.
- Effectively manage work requests, projects, and Ad Hoc requests to meet performance expectations.
- 4 years 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
- WF AML/Sanctions Credential, ACAMS, CFE or CRCM designation.
- 3 years Office of Foreign Assets Control (OFAC) and BSA/AML laws and regulations experience.
- 4 years' experience with sanctions screening alert processes and decisions, regulations workflows and programs.
- Experience with LexisNexis, World-Check and Fircosoft, or Bridger.
- Experience with payments messaging networks and formats including SWIFT, CHIPS and FED.
- Experience with Microsoft programs, including Excel
- 4 years of experience working in a financial institution/banking industry.
- Proven critical thinking and analytical skills as well as strong decision-making, and problem-solving skills.
- Bachelor's degree from accredited institution preferred.
- Strong attention to detail, accuracy skills and problem-solving skills.
- Ability to work in a fast-paced deadline driven environment.
- Experience in handling and identify complex issues and make risk-based decisions independently.
- This position offers a hybrid work schedule.
- This position is not eligible for Visa sponsorship
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$84,000.00 - $164,400.00
Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
- Health benefits
- 401(k) Plan
- Paid time off
- Disability benefits
- Life insurance, critical illness insurance, and accident insurance
- Parental leave
- Critical caregiving leave
- Discounts and savings
- Commuter benefits
- Tuition reimbursement
- Scholarships for dependent children
- Adoption reimbursement
10 Apr 2025
- Job posting may come down early due to volume of applicants.
At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
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 US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
Applicants With Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Wells Fargo Recruitment And Hiring Requirements
- Third-Party recordings are prohibited unless authorized by Wells Fargo.
- Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
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