What are the responsibilities and job description for the Senior Financial Crimes Specialist position at wellsfargo?
Title: Senior Financial Crimes Specialist
Location: Minneapolis, MN
Alternate Location: 401 S Tryon St Charlotte, NC
Duration: 12 months
Work Engagement: W2
Work Schedule: 4 days in office/1 day remote
Benefits on offer for this contract position: Health Insurance, Life insurance, 401K and Voluntary Benefits
Summary:
We are seeking a Senior Financial Crimes Specialist to support the Financial Institution Group's risk management and compliance efforts. This role will focus on the oversight and periodic review of correspondent payment and clearing relationships, evaluation of AML/CFT and sanctions compliance programs, and identification of financial crime risks across a diverse portfolio of financial institution clients.
The ideal candidate will possess a strong background in financial crimes compliance, anti-money laundering (AML), sanctions, fraud prevention, operational risk, and customer due diligence within a banking or financial services environment.
Responsibilities:
Lead the periodic review process by drafting relationship memos, facilitating compliance calls, analyzing transaction activities, and researching and escalating higher risk issues for correspondent payment and clearing customers.
Evaluate the strength of financial institution client AML/CFT and sanctions compliance programs through analysis of control environments and institutional risk appetite.
Proactively identify risk issues and work with relationship managers and senior risk officers to develop, document, and implement action plans.
Stay attuned to industry and regional trends related to compliance issues, financial crimes, and regulatory actions.
Ensure complete, accurate, and timely documentation of customer data within the customer risk management system.
Support the bank’s efforts to combat cyber-crime and related fraud typologies.
Support the focus of 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 Financial Institution Group’s customers and Wells Fargo.
Qualifications:
Applicants must be authorized to work for ANY employer in the U.S. This position is not eligible for visa sponsorship.
4 years of experience in one or more of the following areas:
Financial Crimes
Operational Risk
Fraud Prevention or Investigations
Sanctions Compliance
Anti-Bribery and Anti-Corruption (ABAC)
Financial Crime Risk Management
AML/Financial crimes background and/or experience with correspondent banking
Experience supporting customer due diligence
Knowledge and understanding of the FFIEC Exam Manual, CAMS certification, or other financial crimes certifications
Excellent verbal, written, and interpersonal skills
Experience in managing AML/CFT risk in the Latin American region
Strong analytical skills with high attention to detail and accuracy
Knowledge of crypto-related AML and financial crimes typologies
Experience with Microsoft Office, SharePoint, and other applications
Ability to work independently and effectively in a dynamic and rapidly evolving environment
This position is subject to FINRA background screening requirements.