Principal Architect redefining Financial Crimes Risk Management systems at Wells Fargo. Shaping architecture for AI - driven capabilities to prevent and respond to financial threats.
About the role
- BSA-AML Fraud Analyst role in banking assisting with compliance to prevent fraud activities. Responsibilities include monitoring financial transactions and supporting training efforts within the Risk Management Department.
Responsibilities
- Investigates and clears assigned fraud alerts and identifies appropriate issues for escalation
- Identifies trends of suspicious financial activity
- Monitors and research suspicious financial transactions and takes appropriate action to minimize loss
- Assists with CIP reviews and Enhanced Due Diligence and Know Your Customer (KYC) reviews of higher risk clients
- Assists in ensuring complete compliance with the Bank Secrecy Act, OFAC, AML and all other general related regulations
- Remains updated on all regulatory changes and court rulings as they relate to BSA, OFAC, AML, and compliance regulations
- Remains proficient in automated or manual systems used to detect fraud
- Acquires and applies foundational knowledge of the bank, its products, and processes to identify and recommend solutions and improvements that prevent and detect fraud activities
- Assists with examination preparation work, as needed
- Assists with any projects assigned to the Risk Management Department
Requirements
- Bachelor’s degree or equivalent experience
- 3-5 years of recent banking experience related to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Office of Foreign Assets Control (OFAC) , Customer Identification Program (CIP) and fraud monitoring and detection
- Must be skilled at problem identification and resolution
- Strong verbal and written communication skills
- Excellent organizational and time management skills
- Able to work independently and multitask as needed, with limited supervision
- Ability to deal effectively and tactfully with personnel of other departments
- In addition to BSA/AML/OFAC /CIP and fraud, significant knowledge of federal and state laws and regulations impacting the bank
Benefits
- various bonuses (including, for example, annual or long-term incentives)
- medical, dental, and vision insurance
- health savings account
- flexible spending account
- 401k
- pension
- life and accidental death and dismemberment insurance
- disability insurance
- supplemental protection insurance
- 20 days of Paid Time Off each year
- Sick and Safe Time
- 10 paid company holidays
- Volunteer Time Off
- paid parental leave
- EAP
- well-being benefits
- other employee benefits
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