Wells Fargo is seeking a Lead Business Accountability Specialist supporting Bank Secrecy Act/ Anti-Money Laundering Compliance as part of the Financial Crimes Shared Services team within Consumer Lending. Learn more about the career areas and lines of business at wellsfargojobs.com .
In this role, you will:
Provide financial crimes subject matter expertise, which may involve driving regulatory change management processes, documenting processes and controls, and developing procedures and training materials
Establish partnerships and collaborating with business, operational risk, and corporate financial crimes team members to mitigate financial crimes risk
Lead and participate in complex BSA/AML projects and initiatives with broad impact which are designed to mitigate current and emerging business risk issues and concerns; act as key participant in large-scale, cross-functional planning for the business
Assess, analyze, and design complex and multi-faceted controls, protocols, and approaches with respect to risk mitigation and the control environment, including ensuring effective planning for sustainability, ongoing control adherence, reporting, measurement, technology impacts, and monitoring
Make decisions in complex and multifaceted situations requiring solid understanding of business's functional area or products, operations, and regulatory environment; facilitate decision-making and issue resolution, and support implementation of developed solutions and plans; influence and lead key business partners to meet deliverables and drive new initiatives
Strategically collaborate and consult with peers, colleagues, and mid to senior-level managers to identify current and emerging risks associated with business activities and operations, and provide guidance in interpreting, developing, and implementing risk-mitigating strategies
Act as liaison for the business with external parties to support timeliness, appropriate response strategy, and effectiveness of communications and materials
This individual will be responsible for working on key BSA/AML program elements and initiatives including Bank Secrecy Act/Anti-Money Laundering (BSA/AML), global sanctions, and customer due diligence. Additionally, this role will partner with enterprise Financial Crimes Risk Management teams and with other LOBs within the Consumer Lending footprint
The ideal candidate will have proven experience managing by influence rather than direct reporting relationships, be able to work independently, will have strong and effective communication skills, a proven ability to work with cross functional teams, and experience in adapting program guidance into procedures and processes at the business line level
May perform quality assurance monitoring or data quality reviews for important BSA/AML requirements
Required Qualifications:
5+ years 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:
3 + years of experience in financial crimes risks and proven ability to develop best practices
Experience in financial crimes compliance, fraud, risk management, auditing, or a related job function
Ability to take initiative and work independently with minimal supervision in a structured environment
Excellent verbal, written, and interpersonal communication skills
Strong analytical skills with high attention to detail and accuracy
Ability to engage, influence, and collaborate with a wide range of stakeholders to deliver results
Ability to draft and present to senior management in a clear and concise manner in written and oral form
Ability to exercise sound judgment, demonstrate professionalism, and proactively escalate issues along with recommendations for successful resolution
Effective organizational skills with the ability to manage multiple and sometimes competing priorities
Experience identifying and driving process improvements in a complex banking environment
Experience working with the Bank's compliance and operational policies and procedures, and with corporate Operational Risk Platform tools such as SHRP
Professional certifications such as BSA/AML Credentials, CAMS, CRCM, CFE
Advanced Microsoft Office skills
Job Expectations:
Work on-site at stated locations on the job opening.
This position offers a hybrid work schedule.
This position is not eligible for Visa sponsorship.
No relocation assistance
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. $111,100.00 - $197,500.00 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.