About this role:
The Business Accountability Coordinator position is responsible for providing compliance support for projects and initiatives with low to moderate risk to identify, assess and mitigate BSA/AML risk in business activities. Specifically, the Associate will analyze and research risks escalated, referred or alerted on potential negative news, sanctions or politically exposed person matches; research and provide Customer Due Diligence/Enhanced Due Diligence information; identify and research patterns, trends and anomalies in transactional and customer data to detect, prevent, mitigate and report unusual activity related to money laundering and terrorist financing.
In this role, you will:- Conduct comprehensive research and background reviews of transactions, individuals, entities, organizations or locations to identify and mitigate risks through documenting findings and escalation
- Research business escalations to review potential negative news or financial crimes-related potential matches, research and provide recommendation based on findings
- Review basic issues, policies or procedures for which answers can be quickly obtained related to lower risk tasks and deliverables with narrower impact
- Perform tasks to support regular reporting routines and/or ad-hoc requests, which include report review, analysis, research and documentation
- Gather and input data utilizing resources to identify documentation required to meet policy or regulatory requirements
- Receive direction from supervisor and exercise judgment while developing understanding of function, policies, procedures, and compliance requirements
- Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
Required Qualifications, International:
- 1 to 2 years of Experience in risk management, business controls, quality assurance, business operations, compliance, or process, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
- Prior experience with AML Investigations, EDD Reviews, Fraud Investigations, customer/transactional activity research, domain knowledge within banking
- Good verbal and written communication skills
- Ability to interpret data
- Analytical skills
- Quick learner
- Experience using the following systems: FDR, HOGAN, ICMP, MSP or CORE, GISMOS
- Experience delivering results in a fast-paced, deadline driven environment.
- Ability to work independently.
- Job Expectation:
- Prior experience with AML Investigations, EDD Reviews, Fraud Investigations, customer/transactional activity research, domain knowledge within banking
- Good verbal and written communication skills
- Ability to interpret data
- Analytical skills
- Quick learner
- Experience using the following systems: FDR, HOGAN, ICMP, MSP or CORE, GISMOS
- Experience delivering results in a fast-paced, deadline driven environment.
- Ability to work independently.
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.
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
