About this role:Wells Fargo is seeking a Business Accountability Associate for our Transactional Risk & Intelligence Group (TRIG) which supports Financial Crimes Operations.The Business Accountability Associate will report under Transactional Risk & Intelligence Group (TRIG). TRIG is a centralized function that delivers actionable transactional analysis and intelligence reporting. TRIG's Financial Intermediaries team is seeking a Business Accountability Associate to support in executing transaction-based Financial Institutions Group (FIG) correspondent banking reviews, complex customer reviews, and industry portfolio reviews.In this role, you will:
Conduct deep research on high-risk customers and industries.
Assess exposure to emerging risks.
Enhance customer due diligence based on transactional usage.
Conduct various forms of transactional due diligence reviews in support of risk management.
Assess transactional usage to help establish a better understanding of benign activity versus further assessment needed.
With manager support, conducts transactional reviews of customer base at the industry and typology risk level.
Evaluate ML/TF and operational risks present in the reviews to determine required level of escalation and ultimate recommendation, in consultation with manager/reviewer.
Communicate findings and provides appropriate direction to manager/reviewer and Wells Fargo Businesses.
Participate in moderately complex project initiatives.
Provide incremental enhancements to existing ML/TF typologies based upon observations from daily work.
Required Qualifications:
6+ months 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:
Experience in compliance, operational risk management (includes audit, legal, credit risk, market risk, or the management of a process or business with accountability for compliance or operational risk), or a combination of both.
Demonstrated ability to evaluate risks and to communicate relevant risk to the business in a simple, decisive, timely and market-appropriate manner
Excel experience including the ability to manage large and sets of transactional data (Pivot tables)
PowerPoint creation and presentation skills
Knowledge of BSA/AML programs including KYC, CDD, EDD, CIP and / or other related risk and regulatory disciplines
Ability to prioritize tasks, achieve goals, and work under pressure in a dynamic and complex environment
Ability to collaborate with geographically dispersed teams and matrixed relationships
Excellent verbal, written, and interpersonal communication skills
Strong analytical skills with high attention to detail and accuracy
Knowledge of Wells Fargo systems (WCIS, Cornerstone, Hogan, OIB, IIS, UAR Portal, etc.) and products (wires, ACH, check products, cash vault, etc.).
Bachelor's degree in business, Finance, Accounting, Economics, National Security & Intelligence Studies or other relevant fields
Job Expectations:
Preferred locations are listed in posting and no other locations are being considered at this time.
Posting End Date:14 Aug 2024Job posting may come down early due to volume of applicants.We Value DiversityAt 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 DisabilitiesTo request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .Drug and Alcohol PolicyWells 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.Company: WELLS FARGO BANKReq Number: R-390317Updated: Thu Aug 08 03:06:42 UTC 2024Location: EL PASO,Texas