CBL BSA/AML Senior Lead Business Accountability Specialist

Wells Fargo•Wilmington, DE

3d•$159,000 - $279,000•Hybrid

About The Position

About this role: Wells Fargo is seeking a Senior Lead Business Accountability Specialist in Consumer Banking and Lending (CBL) BSA/AML team. The group is responsible for financial crimes risk coverage across CBL to identify, assess, manage and mitigate current and emerging risk exposures associated with their activities and operations. This position consults and provides guidance on the development, implementation, and monitoring of complex business-specific Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Office of Foreign Assets Control (OFAC), and Anti-Bribery & Corruption (ABC) programs, with a focus on Small and Small Business Banking, products and payments. Works with Financial Crimes Risk Management (FCRM) partners in Independent Risk Management (IRM) on moderate to high risk and complex financial crimes programs. May interface with Audit, Legal, external agencies, and regulatory bodies regarding risk management of business-specific risk programs. Position may lead project/virtual teams and may mentor but does not manage other team members. Learn more about the career areas and business divisions at www.wellsfargo.com. In this role, you will: Collaborate with technology and product teams to integrate compliance requirements into product design and ongoing operations, ensuring effective controls are embedded from launch through scale Manage oversight of financial crimes related issues and corrective actions to ensure control deficiencies are effectively resolved Work cross-functionally with Financial Crimes partners to identify issues, propose solutions, and drive strategic objectives. Assists in developing corrective actions to mitigate risks Provide Financial Crimes expertise and guidance for CBL related activities and projects Support regulatory exams, internal audits, or Independent Risk Management reviews Contribute to the development and enhancement of the business control environment to mitigate Financial Crimes risk Consult with the business stakeholders on Financial Crimes related projects to identify and mitigate operational risks for end-to-end processes that span CBL functions Identify risk exposure based on emerging risks and changes in business processes Assist with aggregating risk information and communicating the financial crimes risk profile for assigned business units Understand applicable regulations to develop controls to ensure compliance Identify and escalate financial crimes risk matters to management, as appropriate

Requirements

7+ years of risk management, business controls, quality assurance, business operations, compliance, or process experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Nice To Haves

6+ years of financial crimes experience with deep knowledge of regulations and requirements
Issue Management experience, including root cause analysis and corrective action planning and monitoring ensuring on-time resolution of risk
Experience with implementing Financial Crimes requirements within Consumer & Small Business Banking lines of business
Experience Identifying, mitigating and consulting around risk and regulations
Experience successfully influencing, leading, and negotiating with executives, senior business leaders and partners to gain commitment to accomplish business goals
Experience in understanding and documenting unfamiliar processes to identify key risks, identify and evaluate controls and provide consulting to remediate control deficiencies preferably within financial services
Experience creating presentation decks for different audiences that can outline/highlight the topic in a clear and concise manner.
Strong understanding of policies, procedures, and programs to ensure appropriate and effective risk mitigation controls are in place
Experience developing partnerships and collaborating with various levels of business partners including Senior leaders and executive management
Experience in control, compliance, fraud, risk management, audit, or a related job function/role
Process risk and control assessment experience
Analytical skills with the ability to grasp complex business issues quickly and be able to successfully explain to an independent third party
Excellent verbal, written, and interpersonal communication skills
Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
Ability to work independently in a virtual team environment where other team members, team management, and business partners are not local
Knowledge of Wells Fargo Operational Risk tools
Applicable Financial Crimes and risk related industry certifications, such as Certified Anti-Money Laundering Specialist (CAMS), Certified Regulatory Compliance Manager (CRCM), Certified Fraud Examiner (CFE), etc.

Responsibilities

Collaborate with technology and product teams to integrate compliance requirements into product design and ongoing operations, ensuring effective controls are embedded from launch through scale
Manage oversight of financial crimes related issues and corrective actions to ensure control deficiencies are effectively resolved
Work cross-functionally with Financial Crimes partners to identify issues, propose solutions, and drive strategic objectives.
Assists in developing corrective actions to mitigate risks
Provide Financial Crimes expertise and guidance for CBL related activities and projects
Support regulatory exams, internal audits, or Independent Risk Management reviews
Contribute to the development and enhancement of the business control environment to mitigate Financial Crimes risk
Consult with the business stakeholders on Financial Crimes related projects to identify and mitigate operational risks for end-to-end processes that span CBL functions
Identify risk exposure based on emerging risks and changes in business processes
Assist with aggregating risk information and communicating the financial crimes risk profile for assigned business units
Understand applicable regulations to develop controls to ensure compliance
Identify and escalate financial crimes risk matters to management, as appropriate