About this role:
Wells Fargo is seeking a Business Accountability Specialist (BAS) in Financial Crimes Operations as part of Enterprise Functions. The Transactional Risk & Intelligence Group (TRIG) is a centralized function within Financial Crimes Operations that delivers actionable transactional analysis and intelligence reporting. TRIG is seeking a BAS to perform transaction-based portfolio reviews on higher risk customers and account types with elevated and complex risk profiles. Learn more about the career areas and business divisions at wellsfargojobs.com.
In this role, you will:
- Conduct deep due diligence research on high-risk customers and analyze customer transactions and demographic data points to identify new or emerging customer financial crimes risks, and/or customers presenting a heightened risk within a portfolio
- Evaluate moderate complexity portfolio reviews to determine appropriate level of escalation and ultimate recommendation, in consultation with manager/team lead/reviewer
- Work with 1,000s of rows and cells of data in Microsoft Excel to perform the analysis on datapoints ranging from geography to transactional values and volumes to relational data
- Work with the group’s data partners, mid-level managers, and cross-functional business partners to develop strategies, techniques, and tools to facilitate the advancement of reviews
- Write and publish portfolio review reports with bolstered observations and risk dispositions that help business partners better understand customer’s behavior and manage the risk
- Communicate findings and provide appropriate direction to manager/team lead/reviewer and business partners
- Participate in moderate complexity project initiatives
- File unusual activity reports in a timely manner
- Maintain organized and detailed documentation of review results or recommendations by following all established procedures/processes
- Provide incremental enhancements to existing money laundering/terrorist financing typologies based upon observations from daily work
Required Qualifications:
- 2+ years of risk management, business controls, quality assurance, business operations, compliance, or process experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
- Solid understanding of financial crimes risks
- Knowledge of BSA/AML programs including KYC, CDD, EDD, CIP and / or other related risk and regulatory disciplines
- Knowledge of transactional products (wires, ACH, check, cash vault, etc.)
- Knowledge of Wells Fargo AML policy/procedures, higher risk customers, and complex business models
- Experience with customer types such as financial institutions, funds, professional service providers, and/or trust services
- Demonstrated ability to evaluate financial crimes risks and to communicate relevant risk in a simple, decisive, timely and market-appropriate manner
- Ability to identify financial crimes and formulate actionable conclusions/recommendations
- Intermediate MS Excel including the ability to manage extremely large and complex sets of transactional data
- Knowledge of Wells Fargo systems (WCIS, Cornerstone, Hogan, OIB, IIS, UAR Portal, etc.)
- Industry certifications (e.g. CAMS certified and/or Wells Fargo AML/Sanctions Credential Program, etc.)
- Bachelor’s degree in business, Finance, Accounting, Economics, National Security & Intelligence Studies or other relevant fields
- Proficient verbal, written, and interpersonal communication skills
- Foundational ability to build strong partnerships across business units
- Attention to detail
- Proactive approach to solving problems
- Solid decision-making, organizational and planning skills
Job Expectations:
- This position offers a hybrid work schedule
- Willingness to work on-site at stated location on the job opening
- This position is not eligible for Visa sponsorship
Position Location:
1525 W WT Harris Blvd., CHARLOTTE, NC 28262
221 N KANSAS ST., EL PASO, TX 79901
Posting End Date:
6 Mar 2025
*Job posting may come down early due to volume of applicants.
We Value Diversity
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.
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 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:
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.
Top Skills
What We Do
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with approximately $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through more than 7,300 locations, 12,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in over 40 countries and territories to support customers who conduct business in the global economy. With approximately 250,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 41 on Fortune’s 2022 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Relevant military experience is considered for veterans and transitioning service men and women.
Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation. © 2016 Wells Fargo Bank, N.A. All rights reserved. Member FDIC.
Why Work With Us
We're known for our “Well Life” approach to supporting employees’ career aspirations, work-life balance, and mental and physical health. We ranked #2 on the 2023 LinkedIn Top Companies list – and #1 among financial services companies – as the best workplace “to grow your career” in the U.S.
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