Financial Crimes Consultant 3 - Data Quality Reporting & Offshore Operations Support in New York, New York | DiversityInc Careers
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Financial Crimes Consultant 3 - Data Quality Reporting & Offshore Operations Support

Job Description

At Wells Fargo, we want to satisfy our customers’ financial needs and help them succeed financially. We’re looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you’ll feel valued and inspired to contribute your unique skills and experience.  

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Corporate Risk helps all Wells Fargo businesses identify and manage risk. We focus on three key risk areas: credit risk, operational risk, and market risk. We help our management and Board of Directors identify and monitor risks that may affect multiple lines of business, and take appropriate action when business activities exceed the risk tolerance of the company.

The Wholesale Financial Crimes Risk Controls (WFCRC) team is responsible for the coordination, oversight, and ultimate execution of Wholesale Banking’s commitments to key internal and external stakeholders as it relates to the management of financial crimes risk with the Wholesale Bank. In addition to having responsibility for Wholesale Banking’s execution of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) program, WFCRC is also responsible for the remediation of the OCC BSA/AML Consent Order.

The WFCRC team will partner with line of business (LOB), operations, risk, and compliance team members, Wholesale Group Risk Office (in particular Financial Crimes Risk & Compliance), Enterprise Financial Crimes Risk Management, Wells Fargo Audit Services, and Testing & Validation to advocate and ensure alignment in scope, purpose, expectations, and execution of the Wholesale Financial Crimes Program. The team will achieve this through a focus on strong communication, strategic planning, thoughtful and meaningful tracking/reporting, and timely escalation and change management.

The WFCRC team works closely with each Wholesale Banking LOB to ensure strong and effective risk management and compliance programs are in place to manage our risks, meet regulatory requirements, and protect customer information. The Wholesale Financial Crimes Risk and Compliance group sits within WFCRC, and its mission is to provide an objective view of the state of compliance operational risk across Wholesale Banking, as well as to support and ensure the effective and efficient execution of strong compliance and risk management programs in every Wholesale LOB. We work closely with the risk and compliance professionals in each Wholesale LOB and throughout Wells Fargo to ensure that Wholesale LOBs manage risks and meet regulatory requirements with respect to our customers, our company, and our communities.

Additionally, the WFCRC is responsible for the oversight of Wholesale’s financial crimes related risks: Anti-Bribery & Corruption (ABC), Anti-Money Laundering (AML) & Anti-Terrorist Financing, Bank Secrecy Act (BSA), Customer Due Diligence (CDD), Global Sanctions Programs, Internal & External Fraud, and Monitoring & Surveillance.

The WFCRC houses the Financial Crimes Operations Team which has an exciting opportunity for an experienced, forward-thinking Financial Crimes Consultant (FCC). This FCC3 position is for a Screening, Data Quality (DQ) Reporting and Offshore Operations Consultant and will report directly to the Screening, DQ Reporting, and Offshore Operations Lead.

In general, a FCC3 is responsible for investigative research, root cause analysis, and consulting regarding highly complex financial crimes transactions, policy violations, and/or suspicious situations with moderate to high risk, and typically handles complex cases with some visibility.

Duties include any or all of the following:

  • Conducts investigative research using appropriate investigative techniques to determine liability and impact of cases, including mitigation of financial losses or business interruptions
  • Performs detailed analyses to detect patterns, trends, anomalies, and schemes in transactions and relationships across multiple businesses/products
  • Develops and implements testing strategies and methodologies
  • Evaluates the adequacy and effectiveness of policies, procedures, processes, and internal controls
  • Reviews and analyzes findings to determine level of risk
  • Drafts corrective action plans and assists in managing change to prevent/mitigate risk
  • 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
  • Provides input to the development and delivery of a wide range of training for team members involved in issue detection
  • Creates and conducts education for financial crimes awareness
  • Acts as an escalation point for more complex cases
  • Acts as a liaison with Legal and law enforcement agencies; may represent organization in handling court appearances, depositions, mediations, arbitrations, etc.
  • May specialize in a particular type of financial crime.

Specifically, this Screening, DQ Reporting, and Offshore Operations Consultant will have the following key responsibilities:

  • Partners with Wholesale LOB representatives to ensure compliance with and timely completion of financial crimes program control expectations; drafts guidance and delivers training, where appropriate
  • Performs research into data issues impacting Wholesale LOBs, frequently through analysis of large datasets and multiple sources; identifies, proposes, and implements solutions
  • Collaborates with WFCRC and internal partner teams to develop and implement management information reports and dashboards for stakeholder pipeline and exception reporting
  • Performs analysis on customer data exception reports and develops enhancements to rule logic and assessment approach, where appropriate
  • Supports the maintenance and governance of Wholesale CDD data quality checks framework and ensures existing program documentation complies with Wholesale Standards and expectations
  • Assists with the day to day management of an offshore team, and the roll out of additional financial crimes programs offshore



Required Qualifications

  • 4+ years of experience in one or a combination of the following: fraud, Bank Secrecy Act, anti money laundering, investigations of financial crimes transactions or policy violations, risk management, or compliance; or a BS/BA degree or higher in applied sciences, mathematics, statistics, economics, finance, or criminal justice, with 2+ years of experience in the foregoing

Desired Qualifications

  • Knowledge and understanding of Anti Money Laundering (AML) financial compliance investigations
  • Experience analyzing large data sets
  • Advanced Microsoft Excel skills
  • Strong analytical skills with high attention to detail and accuracy
  • A BS/BA degree or higher
  • Experience operating effectively in a geographically dispersed organization
  • Strong time management skills and ability to meet deadlines
  • Experience communicating and presenting complex information to multiple levels of the organization
  • Strong research and documentation skills
  • Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills
  • Excellent verbal, written, and interpersonal communication skills

Other Desired Qualifications
  • Knowledge of Wholesale Banking products and services
  • Regulatory and Financial Crimes Compliance experience a plus
  • Wholesale Line Of Business experience a plus
  • Significant experience with regulatory focused documentation
  • Thorough understanding of CIP/CDD/EDD requirements
  • Highly motivated, well organized, and able to execute responsibilities with minimal supervision
  • WF AML/Sanctions Credential, ACAMS, CFE, or CRCM designation
  • Articulate and comfortable with direct interaction with LOB stakeholders
  • Ability to actively participate in projects/discussions and problem solving, and assist with making decisions that are in the best interest of the Company and the customers
  • Proven track record of living the Core Values and holding other team members accountable for living the Core Values


All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

Relevant military experience is considered for veterans and transitioning service men and women.

Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.