Senior Lead Financial Crimes Officer

Wells Fargo & Company•McLean, VA

1d•Hybrid

About The Position

Wells Fargo is seeking a Senior Lead Financial Crimes Officer to join the AML Emerging Risk and Product Risk group within Financial Crimes Risk Management. The Senior Lead Financial Crimes Officer will be responsible for providing financial crimes product risk oversight, emerging risk escalations, AML program trends and analytical solutions as a key subject matter expert, in a fast paced, innovative environment. In this role, you will: Focus on completing product risk oversight reviews for inherent AML risk and new business initiatives, performing research and trend analysis for emerging AML risks, performing root cause analysis for AML areas of interest, and managing emerging AML risk inquiries and escalations. Manage work to meet enterprise commitments and strategic objectives. Implement and maintain 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, Global Sanctions and Fraud. Establish and monitor KPI/KRIs inclusive of reporting to senior leadership and risk committees. Develop and implement procedures, controls, analytics, and trend assessment to ensure identify and mitigate financial crimes risk in a timely and effective manner. Identify opportunities and strategies for process improvement and risk control development. Balance risk in decision making while operating within the Company’s risk appetite. Maintain an awareness of financial crimes regulatory requirements and industry best practices. Build strong relationships with all levels of professionals including senior leaders through fostering an environment that ensures communication and cooperation across the three lines of defense to facilitate transparency, balance, and credible challenge. Partner across all levels of senior leadership in Financial Crimes to develop innovative methods and adjustments to strategies that will minimize portfolio risk and maximize profits while maintaining alignment to the Company’s Risk Management Framework and the Wells Fargo Financial Crimes Risk Management Program.

Requirements

7+ years of Financial Crimes, Operational Risk, Fraud, Sanctions, Anti-Bribery, Corruption experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.

Nice To Haves

Previous experience in Anti Money Laundering, specifically including Client Risk Management.
Financial Crimes Risk Management expertise in emerging risks, related to fintech payments, digital assets and evolving financial technologies.
Deep understanding of the ever-evolving governance and regulatory environments as well as industry and risk-related best practices.
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.
Strong experience in evaluating product risk and control effectiveness.
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 written, with the ability to ask well-crafted questions and present ideas in a clear and compelling manner, good listener who engenders creative thinking and teamwork.
Ability to develop and articulate sound proposals to key stakeholders, and an ability to influence and drive timely decision making.
Experience supporting large-scale organizational change.

Responsibilities

Focus on completing product risk oversight reviews for inherent AML risk and new business initiatives, performing research and trend analysis for emerging AML risks, performing root cause analysis for AML areas of interest, and managing emerging AML risk inquiries and escalations.
Manage work to meet enterprise commitments and strategic objectives.
Implement and maintain 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, Global Sanctions and Fraud.
Establish and monitor KPI/KRIs inclusive of reporting to senior leadership and risk committees.
Develop and implement procedures, controls, analytics, and trend assessment to ensure identify and mitigate financial crimes risk in a timely and effective manner.
Identify opportunities and strategies for process improvement and risk control development.
Balance risk in decision making while operating within the Company’s risk appetite.
Maintain an awareness of financial crimes regulatory requirements and industry best practices.
Build strong relationships with all levels of professionals including senior leaders through fostering an environment that ensures communication and cooperation across the three lines of defense to facilitate transparency, balance, and credible challenge.
Partner across all levels of senior leadership in Financial Crimes to develop innovative methods and adjustments to strategies that will minimize portfolio risk and maximize profits while maintaining alignment to the Company’s Risk Management Framework and the Wells Fargo Financial Crimes Risk Management Program.