Financial Crimes Specialist; External Fraud Investigations

Company: Wells Fargo
Location: West Des Moines
Posted on: September 24, 2022

Job Description:

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity, and inclusion in a workplace where everyone feels valued and inspiredHelp us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you. About this role: Wells Fargo is seeking a Financial Crimes Specialist in Financial Crimes Investigations as part of Compliance and Independent Risk Management. Learn more about the career areas and lines of business at wellsfargojobs.com .. The Financial Crimes External Fraud Investigations team is responsible for implementing and maintaining an effective financial crimes program for the company that complies with all applicable laws, regulations, and regulatory expectations including Bank Secrecy Act, Anti-Money Laundering, Counter-Terrorist Financing, Global Sanctions and Fraud within certain parameters. Conducts investigative research, root cause analysis and consulting on transactions, suspicious situations, policy violations, referrals, customers, and related parties that present low to moderate risk, or complexity. May provide specialized financial crime and/or fraud reviews, research, investigative analysis, interviews, industry conferrals and law enforcement outreach. Performs detailed analysis to detect trends, anomalies or patterns in transactions or relationships across a variety of data sources to determine liability, risk, sanctions, and/or impact of each case. Performs risk analysis and modeling as a precursor to building financial crimes strategies and models that directly impact Operating losses and indirectly impact Credit losses. Reviews and analyzes findings to determine level of risk. Prepares appropriate documentation and reporting to government agencies and management. Informs peers, line of business and other external partners on findings. Drafts corrective action plans and assists in managing change to prevent/mitigate risk. May engage with Legal and law enforcement agencies to represent organization in handling court appearances, depositions, mediations, arbitrations, etc. Creates and conducts education for financial crimes awareness. Supports and implements initiatives with low to moderate risk. Internal and external interface regarding risk management. Works independently; does not manage other team members.External Fraud Investigations (EFI) conducts investigations related to fraudulent activity or cyber events committed against Wells Fargo or its customers within established thresholds. Referrals originate primarily from business fraud or risk groups who detect the fraudulent activity or cyber events. EFI investigators play an instrumental role in the mitigation of financial crimes risk for Wells Fargo by filing regulatory reporting, pursuing recovery of lost assets, and providing a compelling case to law enforcement and prosecuting entities. In addition, EFI investigators act as the primary liaison with law enforcement on fraud and participate in internal and industry fraud initiatives. As part of EFI's investigative process, investigators may interview customers, witnesses and suspects; engage with law enforcement to further the investigation; file SARs; pursue recovery of lost assets; and represent Wells Fargo in legal proceedings. EFI is looking for individuals who are leaders, excellent communicators, and are adaptable in a high demand environment.In this role, you will:

• Participate in complex initiatives and identify opportunity for process improvements within scope of responsibilities
• Perform risk assessment and modeling to provide input and recommendations for financial crimes strategies and models
• Evaluate the adequacy and effectiveness of policies, procedures, processes and internal controls
• Conduct data and onsite reviews, review findings, determine risk level and recommend fraud prevention strategies
• Review and assess business, operational, or technical assignments or challenges that require research, evaluation, and selection of alternatives, and exercise independent judgment to guide medium risk deliverables
• Perform investigative research, root cause evaluation and consulting regarding complex financial crimes transactions, policy violations and suspicious situations with moderate to high risk
• Perform detailed examination to detect transactional and relationship patterns, trends, anomalies and schemes across multiple businesses or products
• Act as an escalation point for more complex cases
• Present recommendations for resolving more complex situations and exercise independent judgment while developing full knowledge proficiency in the function, policies, procedures and compliance requirements
• Take action on control failures in bank processes and procedures
• Represent organization in handling court appearances, depositions, mediations, and arbitrations
• Collaborate and consult with associates on all levels
• Lead, participate in and provide support for projects and initiatives
• Provide input to development and delivery of a wide range of individual education for financial crimes awareness
• Prepare documentation and refer cases for Suspicious Activity, Identity Theft Operations and Suspected Financial Abuse, reports to government agencies and makes recommendations to managementRequired Qualifications, US:
  • 2+ 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, educationDesired Qualifications:
    • 1+ year of fraud investigations experience
    • Experience writing Suspicious Activity Reports (SARs)
    • Law enforcement or bank fraud investigation experience
    • Excellent verbal, written, and interpersonal communication skills
    • Strong presentation skills
    • Strong attention to detail and accuracy skills
    • A BS/BA degree or higher
    • Ability to execute in a fast paced, high demand, environment while balancing multiple priorities
    • Advanced Microsoft Office (Word, Excel, and Outlook) skills
    • Ability to utilize Excel to sort and filter through large datasets
    • Ability to run macros and create pivot tables
    • Experience with Financial Crimes Investigations including SAR determinationJob Expectations:
      • Willingness to work on-site at stated location on the job openingLocations:
        • 7001 Westown PKWY, Des Moines, IA
        • 1150 W Washington St Tempe, AZ
        • 1525 W WT Harris Blvd. Charlotte, NC
        • 114 N Beaumont St St Louis, MO
        • 2701 WELLS FARGO WAY, MINNEAPOLIS, MN
        • 14241 Dallas Pkwy Dallas, TXPreferred location(s) listed above. Other locations within the Wells Fargo footprint may be considered for current Wells Fargo employees.A posting is required to be open for a minimum of five (5) calendar days, or until 40 candidates have applied. If recruiters will be closing the posting earlier than five days due to candidate volume, then the following statement must be included: 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, or status as a protected veteran. 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.

Keywords: Wells Fargo, West Des Moines , Financial Crimes Specialist; External Fraud Investigations, Accounting, Auditing , West Des Moines, Iowa