Business Risk & Controls Analyst
- Wells Fargo
- 3 - 6 years
- Bengaluru
- 3 years ago
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Job Description
About the Role Business Risk Control Associate should participate and provide compliance support for projects and initiatives with low to high risk to identify assess and mitigate BSA/AML risk in business activities. Responsibilities
- Conducting Know your Customer (KYC) Compliance process for Wholesale processes in line with the requirements of the USA Patriot Act as well as Wells Fargo corporate AML / BSA policy requirements.
- Responsible for assisting with the implementation and monitoring of a riskbased compliance program to assure compliance with federal, state, agency, legal and regulatory requirements
- Responsible for picking up relevant samples for Data Quality exception to assure compliance with as prescribed in the QC framework requirements.
- Participates in and provides compliance support for projects and initiatives with low to high risk to identify, assess and mitigate BSA/AML risk in business activities.
- 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.
- Maintain an Audit Trail of Due Diligence Performed
- 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.
- Sound analytical, critical thinking and problemsolving skills
- Graduation in any stream.
- 5 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.
- Good Verbal And Written Communication Skill
- Ability To Interpret data
- Analytical skills
- Quick learner
- Domain knowledge within banking
Job Classification
Industry: Banking, Financial Services, BrokingFunctional Area: Financial Services, Banking, Investments, Insurance,
Role Category: Financial Services/Stock Broking
Role: Financial Services/Stock Broking
Employement Type: Full time
Education
Under Graduation: Any Graduate in Any SpecializationPost Graduation: Post Graduation Not Required
Doctorate: Any Doctorate in Any Specialization
Contact Details:
Company: Wells FargoLocation(s): Bengaluru
Keyskills: Automation Due diligence Wholesale banking Anti money laundering operational risk management Data quality Analytics Financial services Monitoring Wholesale
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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