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
The Americas Financial Crimes Risk Management (FCRM) Regional Head reports to the Head of the FCRM International Governance Office within Independent Risk Management (IRM) and has a dotted reporting line into the Canada Head of Compliance. This position has overall responsibility and oversight for the design and execution of the FCRM programs across the region, including Canada, Latin America, and the Caribbean. This role will serve as the primary point-of-contact for all financial crimes matters, including coordination with internal and external parties, such as Regulators, Internal Audit, and Compliance Testing and Validation. The Americas Head of FCRM will support the country Money Laundering Reporting Officers to ensure that businesses operating in the region are in compliance with local Anti-Money Laundering (AML) Counter Financing of Terrorism legal and regulatory standards and Wells Fargo corporate policy. The Americas Head of FCRM will work closely with Regional Senior Management, FCRM leadership and business front-line financial crimes programs to ensure effective management of financial crimes risk.
Manage all elements of the Americas FCRM Program to ensure the program is operating in compliance with all local jurisdiction Anti-Money Laundering (AML)/Counter Financing of Terrorism (CFT) requirements and Wells Fargo's corporate policies and directives. This includes the development and updating of AML Country Programs and supporting documentation for each Americas Country Branch jurisdiction.
Conduct oversight of Business Financial Crimes Programs to ensure compliance with country specific AML/CFT laws and regulations as well as corporate FCRM policies.
Analyze regulatory and legal developments to ensure AML/CFT Country Programs and supporting procedures are current and accurate.
Responsible for the development and implementation of effective AML and CFT processes and controls.
Lead the local, appointed Money Laundering Reporting Officers (MLRO) in the development and execution of AML Country Programs and regulatory mandated responsibilities.
Develop and manage financial crimes risk metrics and reporting to be distributed and leveraged by key stakeholders and senior management.
Member of various Risk Committees responsible for communicating and escalating financial crimes-related issues for the Americas Region.
Provide leadership and guidance to the businesses operating in the Region and other support groups regarding AML/CFT risk and controls.
Develop and maintain effective relationships with stakeholders across Independent Risk Management, lines of business, and Internal Audit to ensure timely identification and resolution of FCRM related issues.
Responsible for budgeting and resource forecasting for Americas Region FCRM components.
Market Skills and Certifications
10+ years of risk management experience or 10+ years of financial services industry experience, of which 7+ years must include direct experience in financial crimes, risk management experience and 3+ years of management experience
Previous experience managing a team focused on identifying and managing financial crimes risk
Strong working knowledge of anti-money laundering and sanctions regulations/guidelines impacting the Americas Region.
Demonstrated skills leading a team and fostering a strong team environment. Demonstrated experience managing and/or providing oversight of financial crimes risk across various lines of business.
Highly developed communication and influencing skills- excellent interpersonal, communication skills with an ability to liaise professionally and with diplomacy across all levels of staff
Able to execute large complex initiatives in a large corporate environment, while effectively partnering with others
Creative and strategic thinking skills, including the ability to analyze complex financial crimes issues and identify key risks/mitigating controls, combined with a pragmatic approach to problem solving
Ability to remain calm under pressure and complete assignments within established deadlines
Highly developed interpersonal skills, with an ability to communicate effectively with the line of business and technical team members
Exceptional organizational, analytical and documentation skills
Ability to manage many competing projects effectively for on-time delivery
Self-starter and able to recognize opportunities for improvement and to act on those opportunities
CAMS or other equivalent anti-money laundering certification
Prior experience working for a financial services regulatory agency
Leadership Expectations at Wells Fargo
As a Team Member 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.
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: 53724BR
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