Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 30 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Market Job Description
Financial Crimes Risk Management (FCRM) is responsible for oversight of the company's financial crimes related risk: Bank Secrecy Act (BSA), anti-money laundering and terrorist financing, anti-bribery and corruption, the Office of Foreign Assets Control, other global sanctions programs, internal and external fraud, and the Foreign Account Tax Compliance Act. FCRM is responsible for developing, maintaining and ensuring adherence to the enterprise-wide financial crimes program and framework.
The APAC Global Financial Investigation Unit (GFIU) is an Independent Risk Management (IRM) function and reports directly to the FCRM/International Governance Office (IGO) / GFIU Program Manager. Based in Hong Kong, the APAC GFIU's primary mission is to investigate and refer suspicious financial activity with APAC nexus to the respective Branch Money Laundering Reporting Officer (MLRO) for determination on reporting to the relevant authorities in the APAC region. The APAC GFIU also provides shared-services investigations support to WF's investigative groups as part of the bank's global approach to combat financial crime. APAC GFIU investigations include those related to money laundering, terrorist financing, external fraud and other financial crimes.
Reporting to the APAC GFIU Manager, the candidate will act as a senior / team lead and subject matter expert relative to financial crime and the GFIU Program. The candidate will also be responsible for supporting the APAC GFIU Manager in the oversight and governance of the APAC GFIU team.
Senior role/team lead and viewed as a subject matter expert in financial crime and key components of an AML program
Support APAC GFIU Manager in the continued implementation of Wells Fargo's investigative best practices through design and delivery of formal and informal training sessions
Investigate highly complex anti-money laundering (AML), sanctions, terrorist financing and fraud cases with investigative work thoroughly documented/completed in established deadlines
Analysis of unusual transactions or activity referred by Wells Fargo team members or automated monitoring systems
Research work to understand root cause of highly complex suspicious transactions
Prepare and deliver (written/oral) research work and other analytical products
Draft and file Suspicious Activity Reports (SARs) or equivalent regulatory reporting
Maintain strong working relationships with APAC GFIU investigators, APAC FCRM team members, regional business/compliance partners and other FCRM investigative personnel both in and out of the Hong Kong in furtherance of investigative duties
Utilize wide range of technology/software to conduct/document investigations
Assist in updating investigative guidelines and other policies and procedures, as required
Understand AML/TF Laws and Regulations in multiple jurisdictions
Provide assistance and guidance to the Money Laundering Reporting Officer(s), as required
Serve as escalation point for more complex and data driven investigation
Liaise with law enforcement and industry partners
Provide timely feedback to and coverage for the Regional GFIU Manager, as directed
Prepare of a variety of informal and formal analytical reports
Ability to interact effectively and confidently with senior management
While role has regional coverage, role has no routine travel requirement (Hong Kong based).
Market Skills and Certifications
4+ years of experience in one or a combination of the following: fraud, anti-money laundering, investigations of financial crimes transactions or policy violations, risk management, or compliance
BS/BA degree or higher in applied sciences, mathematics, accounting, statistics, economics, finance, or criminal justice with 2+ years of experience in the foregoing
Strong AML and financial crimes investigations experience, with a good understanding of KYC & AML requirements for various client types, lines of business and products
Knowledge and understanding of regulatory compliance requirements surrounding USA PATRIOT Act, BSE, Anti-money laundering (requirements), OFAC and global sanctions
Knowledge of transaction monitoring systems utilized in AML programs
Experience with Quality Assurance Reviews of written reports
Advanced Microsoft Office (Word, Excel, Outlook, Visio, and PowerPoint) skills
Experience with Quality Assurance Reviews of written reports considered a plus
Certified Anti Money Laundering Specialist (CAMS) and/or Certified Fraud Examiner (CFE) or other similar designation considered a plus
Associate AML Professional (AAMLP) membership or higher (CAMLP) with HK Institute of Bankers (HKIB) considered a plus
We Value Diversity
At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.
Team members 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.
Internal Number: 49655BR
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 7,400 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 260,000 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. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
www.wellsfargo.com | Twitter: @WellsFargo