CSBB Financial Crimes Senior Lead Business Accountability Specialist

About this role:

Wells Fargo is seeking a Senior Lead Business Accountability Specialist in Consumer and Small Business Banking (CSBB) BSA/AML Transformation team, part of the CSBB Chief Administrative Office.

The group is responsible for financial crimes risk coverage across CSBB to identify, assess, manage and mitigate current and emerging risk exposures associated with their activities and operations. This position consults and provides guidance on the development, implementation, and monitoring of complex business-specific Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Office of Foreign Assets Control (OFAC), and Anti-Bribery & Corruption (ABC) programs, with a focus on Small and Small Business Banking, products and payments. Works with Financial Crimes Risk Management (FCRM) partners in Independent Risk Management (IRM) on moderate to high risk and complex financial crimes programs. May interface with Audit, Legal, external agencies, and regulatory bodies regarding risk management of business-specific risk programs. Position may lead project/virtual teams and may mentor but does not manage other team members.

Learn more about the career areas and business divisions at www.wellsfargo.com.

In this role, you will:

• Evaluate new and existing products and payment services for financial crime risks, ensuring compliance with BSA/AML, OFAC, USA Patriot Act, and other relevant regulations (i.e., Travel Rule)

• Collaborate with technology and product teams to integrate compliance requirements into product design and ongoing operations, ensuring effective controls are embedded from launch through scale

• Regularly review and update risk assessments for products and payments, adapting controls to address emerging threats and regulatory changes

• Manage oversight of financial crimes related issues and corrective actions to ensure control deficiencies are effectively resolved

• Work cross-functionally with Financial Crimes partners to identify issues, propose solutions, and drive strategic objectives. Assists in developing corrective actions to mitigate risks

• Provide Financial Crimes expertise and guidance for CSBB related activities and projects

• Support regulatory exams, internal audits, or Independent Risk Management reviews

• Evaluate the applicability of policies for assigned business units, determines the adequacy and effectiveness of procedures and designs/develops new procedures for complex policies

• Contribute to the development and enhancement of the business control environment to mitigate Financial Crimes risk

• Consult with the business stakeholders on Financial Crimes related projects to identify and mitigate operational risks for end-to-end processes that span CSBB functions

• Identify risk exposure based on emerging risks and changes in business processes

• Assist with aggregating risk information and communicating the financial crimes risk profile for assigned business units

• Understand applicable regulations to develop controls to ensure compliance

• Identify and escalate financial crimes risk matters to management, as appropriate

Required Qualifications:

• 7+ 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:

• 6+ years of financial crimes experience with deep knowledge of regulations and requirements

• Issue Management experience, including root cause analysis and corrective action planning and monitoring ensuring on-time resolution of risk

• Experience with implementing Financial Crimes requirements within Consumer & Small Business Banking lines of business

• Experience Identifying, mitigating and consulting around risk and regulations

• Experience successfully influencing, leading, and negotiating with executives, senior business leaders and partners to gain commitment to accomplish business goals

• Experience in understanding and documenting unfamiliar processes to identify key risks, identify and evaluate controls and provide consulting to remediate control deficiencies preferably within financial services

• Experience creating presentation decks for different audiences that can outline/highlight the topic in a clear and concise manner.

• Strong understanding of policies, procedures, and programs to ensure appropriate and effective risk mitigation controls are in place

• Experience developing partnerships and collaborating with various levels of business partners including Senior leaders and executive management

• Experience in control, compliance, fraud, risk management, audit, or a related job function/role

• Process risk and control assessment experience  

• Analytical skills with the ability to grasp complex business issues quickly and be able to successfully explain to an independent third party

• Excellent verbal, written, and interpersonal communication skills

• Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment

• Ability to work independently in a virtual team environment where other team members, team management, and business partners are not local

• Knowledge of Wells Fargo Operational Risk tools

• Applicable Financial Crimes and risk related industry certifications, such as Certified Anti-Money Laundering Specialist (CAMS), Certified Regulatory Compliance Manager (CRCM), Certified Fraud Examiner (CFE), etc.

Job Expectations:

• Ability to travel up to 10% of the time

• This position offers a hybrid work schedule

Please note: Based on the volume of applications received, this job posting may be removed prior to the indicated close date.

This position is not eligible for Visa sponsorship.

Posting Locations:

• 401 S Tryon - Charlotte, North Carolina 28202

• 800 S Jordan Creek Pkwy. – West Des Moines, Iowa 50266

• 11601 N Black Canyon Hwy – Phoenix, Arizona 85029

• 2700 S Price Road - Chandler, Arizona 85286

• 250 E John Carpenter Frwy - Irving, Texas 75062

• 550 S 4th St - Minneapolis, Minnesota 55415

• 2200 Concord Pike – Wilmington, Delaware 19803

• 1445 Ross Ave. – Dallas, Texas 75202

Required locations listed.  

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.

Posting End Date:

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. 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.

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.

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.