Business Risk & Controls Analyst
- Wells Fargo
- 2 - 6 years
- Bengaluru
- 5 years ago
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Job Description
This position will be working with the Wells Fargo Financial Crimes Risk Management Team within the WFCCO . The Financial Crimes Analyst will report to a Financial Crimes Supervisor / Financial Crime Manager within Wells Fargo India
Responsibilities
- Conducting Know your Customer (KYC) Compliance process for WFCCO processes in line with the requirements of the USA Patriot Act as well as Wells Fargo corporate AML / BSA policy requirements.
- Analyze risks on escalated, referred, or alerted negative news. Communicate negative findings to lines of business and supply guidance on course of action.
- Identifying and researching the patterns, trends and anomalies in transactional and customer data to detect, prevent, mitigate and report suspicious activity related to money laundering and terrorist financing.
- Review Customer Due Diligence information for accuracy and investigate discrepancies.
- Identify Higher Risk clients and obtain Enhanced Due Diligence where appropriate.
- Analyze potentially suspicious activity, which will require the review of historical activity along with customer information.
- Interact with compliance representatives to assess potential unusual activity.
- Maintain program and procedures, making updates as needed.
- Assist as needed with examinations and/or audits.
- 2+ years of experience in one or a combination of the following: financial services, criminal justice, fraud, Bank Secrecy Act, anti money laundering, or investigations of financial crimes or policy violations; experience in the foregoing Operational Risk Management processes and / or Compliance or Audit Programs of a banking back office operations.
- Familiarity with and working knowledge of BSA/AML programs including all aspects of KYC and / or other related risk and regulatory disciplines.
- Proven ability to collaborate with all levels of management and functional groups.
- Demonstrated organizational and time management skills with the ability to manage multiple responsibilities and tasks simultaneously.
- Sound analytical, critical thinking and problem-solving skills.
- Knowledge and a broad background in Wholesale Banking.
- Experience in Operational risk management processes and/or compliance and / or audit and / or regulatory programs with KYC Duties.
- On-boarding KYC customer processing or Financial Crimes Investigations experience strongly preferred.
- Thorough understanding of CIP/CDD/EDD requirements.
- Excellent communication and relationship/partnership building skills.
- Proficiency in Office Suite (Excel, Word, PowerPoint, Outlook) and SharePoint.
- Bachelor s degree in business, finance or economics.
Job Classification
Industry: Banking, Financial Services, BrokingFunctional Area: Accounts, Finance, Tax, Company Secretary, Audit, Role Category: OtherRole: OtherEmployement Type: Full timeEducation
Under Graduation: Any Graduate in Any Specialization, B.B.A / B.M.S in ManagementPost Graduation: Post Graduation Not RequiredContact Details:
Company: Wells FargoLocation(s): Bengaluru
Keyskills: Automation Due diligence Compliance Wholesale banking Analytical Finance Anti money laundering operational risk management Analytics Financial services
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Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community- based financial services company with $1. 9 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more ...
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