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Financial Crimes Risk Management- Line of Business Oversight, Financial Crimes Director

Company: Wells Fargo Bank
Location: Charlotte
Posted on: February 16, 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 (wellsfargo.com) 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.

Corporate Risk
Independent risk management is Corporate Risk, helps all Wells Fargo businesses identify and manage risk. The focus is on three key risk areas: credit risk, operational risk and market risk. Corporate Risk helps our management and Board of Directors identify and monitor risks that may affect multiple lines of business, and take appropriate action when business activities exceed the risk tolerance of the company.

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Corporate Compliance
Wells Fargo Compliance is the company?s compliance second line of defense function, providing company-wide leadership, standards, support, and independent oversight to ensure that all business groups abide by applicable laws, rules, regulations and regulatory guidance (regulatory requirements), meet compliance responsibilities, and manage compliance risks. Wells Fargo Compliance credibly challenges management decisions, business processes and activities, and evaluates and assesses adherence to applicable regulatory requirements. It provides appropriate analysis, reporting, and escalation to senior management and the Board of Directors, sets minimum standards for the company, and gives advice, guidance, and support for compliance risk management activities across the enterprise.?

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Financial Crimes Risk Management?

The Financial Crimes team is responsible for implementing and maintaining 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, and Global Sanctions. Provides direction and leadership for execution and ongoing management of a risk-based financial crimes program across the enterprise or a major business(es) with considerable risk. Directs the development and implementation of procedures, controls, analytics and trend analysis to ensure proactive identification, prevention, execution, detection, investigation, recovery and government/internal reporting of financial crimes activity. Fosters an environment that ensures strong communication and cooperation across the three lines of defense to facilitate transparency, balance and credible challenge. Provides thoughtful independent credible challenge to line of business and across other risk programs. Maintains an awareness of financial crimes activity across the enterprise and the industry and is viewed as a subject matter expert within the industry. Directs the use of internal and external data, including publicly available information. Oversees programs or initiatives related to a line of business and/or an Enterprise strategy with considerable impact across the enterprise and externally. Key interface and fosters relationships with corporate, business heads, Legal, Audit, regulators, and industry partners on risk related topics. Manages a team of Sr Managers, Managers and/or Sr Officers from cross-functional teams in accomplishing group strategic priorities.

The Role
The Financial Crimes Risk Management (FCRM) Line of Business Oversight Group (FCRM Oversight) is a newly-formed function that will provide more direct oversight of the financial crimes risk management program in each line of business, including (but not limited to) day-to-day execution of due diligence activities; processes for identifying, managing, and escalating issues; and management of major risk projects (including those related to MRAs, Consent Orders and Audit issues). The group will work closely with each line of business Financial Crimes Control Leader (who retain direct responsibility for program execution), and other groups in FCRM and across Wells Fargo.

The person in this role will report directly to the head of FCRM Oversight and be the engagement leader for one of the major lines of business (Wholesale; Consumer; Wealth & Investment Management; Payment, Virtual Solutions, and Innovation), working closely with the line of business Financial Crimes Control Leader to ensure the success of the line of business financial crimes program.? Since this is a new group and role, the successful candidate will need to build an oversight program that is deeply engaged in all aspects of the line of business financial crimes program through a mix of direct involvement with line of business leaders; analysis of reporting (both narrative and data driven); monitoring progress on key projects; ongoing credible challenge; and other methods specific to each line of business that help ensure timely issue identification and resolution.? In addition to working closely with the line of business Financial Crimes Control leader, the person in this role will need to develop strong partnerships with other senior people in the lines of business and across Financial Crimes Risk Management (including Wells Fargo?s BSA Officer and the FCRM Governance group), the Legal Department, Internal Audit, Enterprise Testing & Validation, Compliance Risk Management, etc.? The person in this role will also frequently work with regulators.The Candidate:
Leadership, integrity, and 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.? It requires a leader with strong relationship management, influencing, vision and execution skills.? A key differentiator will be the ability to understand and operate successfully in a complex, heavily matrixed corporate environment. The role requires a sense of urgency, passion for results, and personal accountability for achievement.?? This role will support the development of a strong risk culture within and across the enterprise, including mindsets and behaviors to elevate the consciousness of conduct risk, drive conduct risk ownership, responsiveness, cooperation and challenge.
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As a Manager, you are expected to achieve success by leading yourself, your team, and the business. Specifically you will:

--- Lead your team with integrity and create an environment where your team members feel included, valued, and supported to do work that energizes them.
--- Accomplish management responsibilities, which include sourcing and hiring talented team members, providing ongoing coaching and feedback, recognizing and developing team members, identifying and managing risks, and completing daily management tasks.
--- Coordinate resources across other areas of Corporate Risk to share knowledge, develop wider career pathing, and ensure high integrity and credibility in all resources.

Required Qualifications

--- 7+ years of management experience
--- 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

Other Desired Qualifications

--- Diverse risk management experience including Front-line risk experience in one or more lines of business.? Other experience relevant to the lines of business, such as through audit or risk management functions.?
--- Management of larger, more complex functions or projects.?

--- Experience designing and executing enterprise-wide financial crimes risk management programs, including high-risk customer due diligence, anti-money laundering monitoring and investigations, customer and third party investigations, global sanctions screening, investigations, reporting and blocking, surveillance systems and model ownership.
--- Expert-level knowledge of AML laws and regulations, including the Bank Secrecy Act, USA PATRIOT Act, OFAC regulations and associated compliance programs.
--- Deep experience in managing AML compliance programs at a large, complex bank, financial institution or equivalent.
--- Deep understanding of the ever-evolving governance and regulatory environments as well as industry and financial crime-related best practices
--- 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 in writing, able to ask well-crafted questions and present ideas in a clear and compelling manner, good listener who engenders creative thinking and teamwork.
--- An ability to develop and articulate sound proposals to key stakeholders, and an ability to influence and drive timely decision making.?
--- 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.
--- Proven experience establishing a large-scale vision, developing the strategy to support the vision, gaining consensus across key functional leadership areas through effective communication and successful delivery against goals and objectives.
--- Experience driving large-scale organizational change.
--- Proven ability to build and lead high-performing teams, ensuring proper staffing and expertise, and manage the establishment of major policies and relevant compliance programs across major business divisions within a large and complex organization.
--- Ethical integrity and proven ability to serve as a role model by reinforcing and demonstrating to your team members the core values and behavioral expectations contained in Wells Fargo?s Vision, Values & Goals.
--- Advanced Degree preferred (Masters, MBA, or JD).

Location:

--- ?Any major Wells Fargo Hub will be considered; Charlotte, NC preferred;

Disclaimer

All 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, Charlotte , Financial Crimes Risk Management- Line of Business Oversight, Financial Crimes Director, Accounting, Auditing , Charlotte, North Carolina

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