New job AML & Financial Crimes Specialist in Karnataka

AML & Financial Crimes Specialist
AML & Financial Crimes Specialist

AML & Financial Crimes Specialist

Company : Wells Fargo
Salary : Details not provided
Location : Karnataka

Full Description

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 20 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Market Job Description

About Wells Fargo India

Wells Fargo India enables global talent capabilities for Wells Fargo Bank NA., by supporting business lines and staff functions across Technology, Operations, Risk, Audit, Process Excellence, Automation and Product, Analytics and Modeling. We are operating in Hyderabad, Bengaluru and Chennai locations.

Department Overview:
The WIM High Risk Client ('WIM HRC') Financial Crime Specialist will be responsible for performing Enhanced Due Diligence for HRC Financial Crime processes, which includes for the firm's Individuals-Consumer Banking Currency Transaction Reports-Irregular Account Ownership-Non US Located Customer Exposure.



The Specialist will be responsible for the delivery of high standards of client service to WIM HRC business lines and channels, regulatory requirements and expectations associated with the Bank Secrecy Act, USA PATRIOT Act and Economic Sanctions laws and regulations are met.

Market Skills and Certifications



  • WIM HRC Financial Crime processes , including the best-in-class execution of enhanced due diligence ('EDD') client onboarding processes;

  • Reviews of internal client account documentation, external supporting documentation, and third party vendor informational sources.

  • Analyzing client data to identify high-risk clients.

  • Monitoring of clients for negative news that could pose an AML or reputational risk to the firm, sanctions and OFAC screening.

  • Monitoring of clients to identify potential Politically Exposed Persons ('PEPs') or Money Service Businesses ('MSBs') that would require Enhanced Due Diligence.

Knowledge, Skills, Abilities

  • Bachelor of Science/Arts/Commerce with good academic record

  • Must have knowledge/experience in Banking Industry, Law Enforcement, and/or Federal Regulation in a combination of one or more of the following areas:

    • BSA/AML/OFAC Regulatory Compliance in large, diverse financial institutions

    • Federal or State Law Enforcement Pertaining to White-Collar Crime

    • Federal or State Financial Institution Regulatory Oversight pertaining to BSA/AML Compliance

    • Good knowledge on BSA/AML/OFAC screening for large, diverse financial institutions and good exposure in CDD/EDD in large MNC Banks.

  • Must have excellent, proven written and verbal communication skills

Desired Skills

  • Proven Analytical Skills

  • Experience in Research in AML processes

  • Experience assisting with programs designed to adhere to BSA/AML/OFAC laws and regulations in either a retail/commercial bank or retail brokerage environment

  • Strong relationship skills

We Value Diversity

At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate. 67940

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