Financial Crimes Specialist
2 weeks ago
Wells Fargo is seeking a Financial Crimes Specialist to assist in the development of a FCRM Target Risk Assessment approach that will complement the annual enterprise wide FCRM Risk Assessment but focus on specific products/services, geographies, channels, and customer types.
The Wells Fargo Financial Crimes Risk Management (FCRM) Risk Assessment Team executes the annual enterprise-wide Bank Secrecy Act / Anti-Money Laundering (BSA/AML), Global Sanctions, and Anti-Bribery and Corruption (ABC) Risk Assessment. FCRM's Risk Assessment process enables Wells Fargo to identify its exposure to illicit finance risks and accomplishes the objectives set out in relevant guidance documents, such as the FFIEC BSA/AML Examination Manual and the OFAC Framework.
Learn more about the career areas and business divisions at
In this role, you will:
- Performing in-depth research related to money laundering, financing of terrorism, economic sanctions, and bribery/corruption risks and typologies and mapping the risks and typologies to specific products/services, customer types, geographies, and channels that have been selected as FCRM Risk Assessment targets.
- Partner with key stakeholders across Wells Fargo to gather the necessary information to complete targeted risk assessments, which includes gathering data elements to assess inherent illicit finance risks and obtaining controls related information from applicable businesses (e.g., FCRM policies, procedures, and other relevant controls).
- Performing targeted FCRM Risk Assessments and consulting with relevant stakeholders for feedback on draft risk assessment results.
- Build relationships with relevant stakeholders from Business Groups, Lines of Business, and FCRM Partners to complete Targeted FCRM Risk Assessments.
- Communicate data requirements related to a target in-scope of a FCRM Risk Assessment. Such requirements would include communicating tailored data points that align to applicable quantitative, qualitative, and Control Design & Effectiveness risk factors.
- Prepare Presentation material, as necessary, to communicate FCRM Risk Assessment results.
- 2+ 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
- 2+ years of Financial Crimes related experience.
- General understanding of Financial Crimes Risk Assessments (any combination of Lines of Business, Products, Channels, etc.).
- 2+ years of Control work (Issues, Corrective Actions, MREs, Audit Findings).
- 2+ years report writing.
- ACAMS or internal certification (past or present).
- Highly analytical with the ability to perform independent research (e.g., Open-source, Internal resources, assess applicability of specific policies and procedures that exist within FCRM and in the Businesses).
- Ability to communicate clearly and concisely.
- Embrace ambiguity and be proactive in identifying enhancement opportunities and process improvements.
- Time Management skills and ability to prioritize work assignments in an environment with competing priorities.
- Flexibility and assist the FCRM Risk Assessment Leadership Team by performing various tasks and completing assignments that are broad in nature and may not always align with 'Targeted' FCRM Risk Assessments (e.g., Assisting the Enterprise-wide FCRM Risk Assessment Team, if needed).
- Ability to influence stakeholders at all levels to ensure Business Groups and Corporate Functions are engaged and allocating resources as necessary to assist in FCRM Risk Assessments.
- Broad understanding of illicit finance risks (Anti-Money Laundering, Counter-Financing of Terrorism, Sanctions, and Anti-bribery & Corruption).
- This position is not eligible for Visa sponsorship.
- Ability to travel up to 10% of the time.
- Willingness to work on-site at stated location on the job opening.
- This position offers a hybrid work schedule.
10 Jun 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.
Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.
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.
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