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About this role:
Wells Fargo is seeking a Senior Lead Financial Crimes Officer to join the AML Emerging Risk and Product Risk group within Financial Crimes Risk Management. Learn more about the career areas and business divisions at wellsfargojobs.com . The Senior Lead Financial Crimes Officer will be responsible for product risk oversight, emerging risk escalations (e.g., virtual currency, cannabis), AML program trends and root cause analysis stemming from AML-related issues, testing results, etc.
In this role, you will:
Focus on completing product risk oversight reviews for inherent AML risk and new business initiatives, performing research and trend analysis for emerging AML risks, performing root cause analysis for AML areas of interest, and managing emerging AML risk inquiries and escalations.
Manage work to meet enterprise commitments and strategic objectives.
Implement and maintain an effective financial crimes program for the Company that complies with all applicable laws, regulations, and regulatory expectations including Bank Secrecy Act, Anti-Money Laundering, Counter Terrorist Financing, Global Sanctions and Fraud.
Establish and monitor KPI/KRIs inclusive of reporting to senior leadership and risk committees.
Develop and implement procedures, controls, analytics, and trend assessment to ensure identify and mitigate financial crimes risk in a timely and effective manner.
Identify opportunities and strategies for process improvement and risk control development.
Balance risk in decision making while operating within the Company's risk appetite.
Maintain an awareness of financial crimes regulatory requirements and industry best practices.
Build strong relationships with all levels of professionals including senior leaders through fostering an environment that ensures communication and cooperation across the three lines of defense to facilitate transparency, balance, and credible challenge.
Partner across all levels of senior leadership in Financial Crimes to develop innovative methods and adjustments to strategies that will minimize portfolio risk and maximize profits while maintaining alignment to the Company's Risk Management Framework and the Wells Fargo Financial Crimes Risk Management Program.
Required Qualifications:
7+ years of Financial Crimes, Operational Risk, Fraud, Sanctions, Anti-Bribery, Corruption experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
Desired Qualifications:
Previous experience in Anti Money Laundering including Client Management.
Experience in Financial Crimes Risk Management including regulatory expectations, controls, new product/business initiatives.
Understand the firm's products, services, customers, entities, and geographic locations, and the potential money laundering and terrorist financing risks associated with those activities.
Deep understanding of the ever-evolving governance and regulatory environments as well as industry and risk-related best practices.
Proven ability to cultivate relationships and collaborate with multiple stakeholders and constituencies, including business leaders, legal, audit and multiple U.S. and non-U.S. regulators.
Organizational courage and willingness to make tough, informed decisions and thoughtfully share independent perspectives.
Strong analytical, critical thinking and problem-solving skills, coupled with an ability to translate ambiguous ideas/issues into well-defined plans/solutions with a track record for delivering results.
Effective communicator, both orally and written, with the ability to ask well-crafted questions and present ideas in a clear and compelling manner, good listener who engenders creative thinking and teamwork.
Ability to develop and articulate sound proposals to key stakeholders, and an ability to influence and drive timely decision making.
Ethical integrity and proven ability to serve as a role model by reinforcing and demonstrating to your team members Wells Fargo's core values and behavioral expectations.
Job Expectations:
Willingness to work on-site at stated location on the job opening.
This position offers a hybrid work schedule
This position is not eligible for VISA sponsorship
Job posting may come down early due to volume of applicants.
Posting Locations:
401 S Tryon Street, Charlotte, NC
250 E John Carpenter Frwy, Irving, TX
600 S 4th Street, Minneapolis, MN
800 S Jordan Creek Pkwy, West Des Moines, IA
114 N Beaumont Street, Saint Louis, MO
1150 W Washington Street, Tempe, AZ
Pay Range
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates. $144,400.00 - $300,000.00 Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
Health benefits
401(k) Plan
Paid time off
Disability benefits
Life insurance, critical illness insurance, and accident insurance
Parental leave
Critical caregiving leave
Discounts and savings
Commuter benefits
Tuition reimbursement
Scholarships for dependent children
Adoption reimbursement
Posting End Date: 27 Oct 2024 * Job posting may come down early due to volume of applicants.
We Value Diversity
At 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.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol Policy
Wells 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.