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Wealth & Investment Management Financial Crimes Control Program Strate

Company: Wells Fargo Bank
Location: Virginia Beach
Posted on: January 15, 2020

Job Description:

Job Description About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo's vision is to satisfy our customers' financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,600 locations, more than 13,000 ATMs, the Internet ( and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 263,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune's 2019 rankings of America's largest corporations. Wealth & Investment Management (WIM) Wealth and Investment Management (WIM) businesses build enduring client relationships through sound, thoughtful and objective advice. We help our clients by developing individualized plans for everything from retirement goals to business succession planning, to family Legacy intentions. Services include comprehensive planning and advice, investment management, brokerage, private banking, estate planning strategies, trust, and both individual and institutional retirement. WIM - Financial Crimes Risk & Control The WIM Financial Crimes Risk & Control group, as a first line of defense control function, is responsible for a range of services in support of Wells Fargo's WIM division, which encompasses retail brokerage, private wealth management, institutional retirement & trust and asset management lines of business. The organization is comprised of teams that are responsible for the development, implementation, administration and execution of a broad array of controls and processes for all Bank Secrecy Act ( BSA ), USA PATRIOT Act ( USAPA ), Economic Trade Sanctions ( ETS ), Anti-Bribery & Corruption ( ABC ) compliance programs. Our mission is to collaboratively partner with line of business stakeholders, independent risk management and internal audit in a well-managed fashion in order to protect WIM lines of business from being used to enable or facilitate illicit criminal and terrorist financing activities. The Role The Wealth and Investment Management Financial Crimes Risk & Control (WIM FCRC) is seeking a Leader for its Program Strategy & Governance team, reporting directly to WIM's Financial Crimes Control Leader (FCCL). The person in this role will work to design and implement WIM-specific financial crime policies, standards and processes that adhere to applicable laws and regulations, and that align with Wells Fargo Corporate AML/Financial Crimes policies and standards. They must be an effective Financial Crimes thought leader with the ability to lead, communicate and collaborate with all levels of 1st, 2nd and 3rd lines of defense business management and must have the ability to effectively and consistently drive the successful resolution of projects and issues in a timely manner. The work performed by the WIM Financial Crimes Program Strategy & Governance Leader will impact all WIM business lines and their respective financial crimes programs. The WIM Financial Crimes Program Strategy & Governance Leader will represent WIM Financial Crimes Risk & Control group on various strategic initiatives, special projects and program/process improvements, and must have the ability to effectively manage, lead and develop a staff of Financial Crimes professionals. They must also work with other Compliance, Risk and Control functions, business units and internal support groups across the organization in order to successfully collaborate on initiatives that are large and complex in scope and impact. The ideal candidate must be a proactive, forward thinker that has the ability to successfully manage competing priorities in a high-pressure, deadline driven environment, and must also be able to effectively navigate a highly-matrixed organizational structure in order to identify, build and maintain key relationships. They must also have the ability to influence and gain consensus from Senior Management and other stakeholders across multiple areas of the firm. Specific responsibilities include: Partner with the WIM FCCL to maintain and enhance the WIM Program Strategy & Governance function in coordination with key internal stakeholders

  • Develop and/or implement WIM-level financial crimes program document and governing principles and drive adherence across WIM lines of business
  • Develop key financial crimes related risk and performance indicators that will be utilized to drive real-time, information-based program risk management
  • Assist with the development and presentation of WIM-Level metrics and reporting; facilitate WIM Financial Crimes preparation for various Governance Councils, Committees, and meetings
  • Effective representation and articulation of WIM's Financial Crimes Program to Regulatory Agencies, Wells Fargo Audit Services, Internal Control testing team(s) and Wells Fargo's Corporate Financial Crimes Risk Management ( FCRM ) function
  • Lead WIM's regulatory and high-risk issues and corrective action group, charged with developing and/or overseeing all financial crimes related critical and high risk issues and correctives actions to ensure appropriate root cause identification, corrective action development, project plan governance, budget needs, stakeholder communications and reporting
  • Lead/coordinate WIM-wide exams, internal audits and testing engagements
  • Maintain current knowledge of the external regulatory environment and continuously assess and report potential impacts and emerging risks to AML and Business Management The Candidate A mature leader with proven critical thinking skills and demonstrated credibility will be determining factors in selection. Successful candidates will be articulate and possess a demonstrated leadership capability; they will be impressive in their inter-personal effectiveness and with regard to their accomplishments. The role requires a leader with strong relationship management, influencing, vision, operational and execution skills. The role requires a sense of urgency, passion for results, people skills and personal accountability for driving results. Locations: Minneapolis, MN; Charlotte, NC; St. Louis, MO; Richmond, VA; Other major Wells Fargo locations will be considered. Required Qualifications
    • 10+ years of experience in risk management (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management) or 12+ years of financial services industry experience, of which 10+ years must include direct experience in risk management
    • 7+ years of management experience Other Desired Qualifications
      • Strong Financial Crimes (BSA/AML/OFAC) technical ability with experience developing, implementing and/or maintaining programs designed to adhere to these laws and regulations in either in a large financial institution environment
      • Exception verbal and written communication and presentation skills
      • Exceptional leadership, collaboration, and relationship building skills
      • Ability to develop, articulate, and execute against strategic objectives in a rapidly changing environment
      • Proven people management and staff development skills
      • Project and process management skills
      • MS Office skills (Word, Excel, PowerPoint, etc.)
      • Prior, proven experience interfacing with large financial institution auditors and regulatory authorities
      • Certified Anti-Money Laundering Specialist
      • Advanced College Degree Job Expectations
        • Ability to travel up to 25% of the time DisclaimerAll 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.

Keywords: Wells Fargo Bank, Virginia Beach , Wealth & Investment Management Financial Crimes Control Program Strate, Executive , Virginia Beach, Virginia

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