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Financial Crimes Sr Assoc

Company: Wells Fargo
Location: Minneapolis
Posted on: January 15, 2021

Job Description:

Job DescriptionImportant Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as ---Personal Cell--- or ---Cellular--- in the contact information of your application.At Wells Fargo, we want to satisfy our customers--- financial needs and help them succeed financially. We---re looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you---ll feel valued and inspired to contribute your unique skills and experience.Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.Corporate Risk helps all Wells Fargo businesses identify and manage risk. The team focuses on several key risk types, including conduct, credit, financial crimes, information security, interest rate, liquidity, market, model, operational, regulatory compliance, reputation, strategic, and technology risk. The group provides leadership, enhances communications, assists with problem identification and solutions, and shares best practices. In addition, the group provides an enterprise-wide view of risk, assists management and our Board of Directors in identifying and monitoring risks that may affect multiple lines of business, and takes appropriate action when business activities exceed the risk tolerance of the company.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. In this role, FCRM provides oversight and credible challenge to the lines of business. This oversight begins with governance: it is the umbrella that creates and enforces rules and requirements; assesses risk; provides training, guidance, intelligence, and analysis of issues; manages audits and exams; and works with regulators and industry forums. The program also includes execution at the corporate level for the lines of business. These execution functions provide tools and perform various enterprise wide processes, including financial crimes monitoring, surveillance, investigations, reporting, and customer and credit due diligence.The Global Financial Investigative Unit (GFIU), a component of FCRM, operates on a regional hub structure, strategically located in Hong Kong (APAC region), London, United Kingdom (EMEA region), and Toronto, Canada (Americas region). The GFIU provides investigative services and recommends suspicious activity reporting to the nominated official for 23 international jurisdiction for onward reporting to the requisite Financial Intelligence Unit (FIU) or regulatory bodies within the three regions. In addition to the regional GFIUs located internationally, the US GFIU, headquartered in McLean, Virginia, provides support and maintains other strategic centralized responsibilities. The Head of the GFIU is responsible for the direct management and oversight of the regional and US GFIU.This Financial Crimes Senior Associate role will report directly to the Head of the GFIU. The candidate will act as an individual contributor and in a senior role capacity as the subject matter expert relative to financial crime and the GFIU program. The candidate will be responsible for supporting the GFIU in its oversight and governance of multiple investigative teams tasked with meeting Wells Fargo---s international regulatory reporting obligations. This includes coordination with key stakeholders in the design and delivery of various aspects of an AML program that rely heavily on the application of financial crimes investigative knowledge and skills.Responsibilities:Serve as a subject matter expert in financial crimes, investigative processes, and adherence to compliance regulations, policies, and proceduresDevelop and implement investigative processes, procedures, and controls Coordinate, research, and assist with drafting responses to internal audit and external exams/regulator requests based on investigative processes and SAR filing requirementsPrepare monthly and ah-hoc reporting for senior managementPrepare a variety of informal and formal analytical reportsAbility to interact effectively and confidently with senior managementPreparation and coordination of special / ad-hoc research projectsBuild collaborative relationships with FCRM partners, and regional GFIU teams, regional business/compliance partners--- domestic/international in furtherance of the GFIU missionStrict adherence to cross border information sharing policiesMaintain a current understanding of fraud, AML, TF laws and regulations in multiple jurisdictionsPlease note: Based on the volume of applications received, this job posting may be removed prior to the indicated close date. If you do not apply prior to the closing of this posting, we encourage you to apply for other opportunities with Wells Fargo.Required Qualifications5 years of experience in risk management (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management) demonstrated through work or military experience; or 5 years of financial services industry experience, of which 3 years must include direct experience in risk managementDesired QualificationsA BS/BA degree or higherKnowledge and understanding of financial crimes investigation Ability to research and report on a variety of issues using problem solving skillsExcellent verbal, written, and interpersonal communication skillsStrong analytical skills with high attention to detail and accuracyAbility to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environmentAbility to work effectively, as well as independently, in a team environmentAdvanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skillsAdvanced Microsoft Visio skillsCertified Anti Money Laundering Specialist (CAMS)Certified Fraud Examiner (CFE)Other Desired QualificationsKnowledge and understanding of regulatory compliance requirements surrounding USA PATRIOT Act, BSA, Anti Money Laundering (AML) requirements, OFAC, and global sanctionsKnowledge and understanding of financial crime investigations Quality Review/Quality Assurance processesKnowledge of proprietary systems and open source investigative resources such as FCP, SVP, Hogan, NEWTON, OIB, LexisNexis, World Compliance/World Check, OFAC/Sanctions checksAbility to manage complex data and reporting projects requiring coordination of resources at different levels both internally and externallyGood understanding of KYC & AML requirements for various client types, lines of business, and products5 years of experience in one or a combination of the following: fraud, Bank Secrecy Act, anti-money laundering, investigations of financial crimes transactions, quality review, audit or testing & validation, policy violations, risk management, or complianceExperience working at a federal bank regulatory agency or experience interacting with federal regulatory agencies managing regulatory examinations and continuous monitoring activitiesExperience with internal audit, and external exam intake, analysis, and response draftingProven experience actively participating in projects/discussions, working through problems and helping reach decisions that are in the best interest of the Company and the appropriate compliance/risk roleProven ability prioritizing multiple tasks and bringing them to completion within established time-framesProven ability focusing on process execution and how it correlates to the program wide initiativesPrior experience with either FINRA, NFA, SEC, CFTC, Office of the Comptroller of the Currency (OCC), the Fed and/or other U.S. financial services regulatorDisclaimerAll 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, Minneapolis , Financial Crimes Sr Assoc, Other , Minneapolis, Minnesota

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