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. We focus on three key risk areas: credit risk, operational risk and market risk. We help our management and Board of Directors identify and monitor risks that may affect multiple lines of business, and take appropriate action when business activities exceed the risk tolerance of the company.
The Wells Fargo Advisors (“WFA”) AML Compliance Consultant will be responsible for developing, implementing and monitoring a risk-based compliance program to ensure that all internal SLAs, standards, regulatory requirements and expectations associated with the Bank Secrecy Act, USA PATRIOT Act and Economic Sanctions laws and regulations are met.
The AML Compliance Consultant’s responsibilities may include:
- Providing guidance, advice, support and expertise to WFA’s business units of the requirements of BSA/AML/OFAC related laws and regulations, and the applicability to their business units
- Performing BSA/AML/OFAC quality assurance and testing processes and documenting results
- Continually assessing WFA’s AML compliance program’s controls to determine effectiveness
- Performing root-cause analysis of identified exceptions and developing/documenting plans to remediate
- Developing business requirements and leading implementation efforts on ad-hoc AML projects
- Establishing and/or owning governance procedures over specific AML topics
- Developing and/or implementing internal policies and control procedures; making recommendations to improve policies and procedures to maximize AML Program resources
- Maintaining current knowledge of the external regulatory environment and continuously assessing and reporting real and potential impacts and emerging risks to AML and Business Management
The AML Compliance Consultant will work with AML Compliance staff, other Compliance functions, Business Units/Channels, and other internal groups to proactively identify and implement opportunities for continuous process improvement.
If applying through LinkedIn, use #WIMRisk or #ESGRiskRequired Qualifications
- 6+ years of experience in compliance, operational risk management (includes audit, legal, credit risk, market risk, or the management of a process or business with accountability for compliance or operational risk), or a combination of both; or 6+ years of IT systems security, business process management or financial services industry experience, of which 3+ years must include direct experience in compliance, operational risk management, or a combination of both
- Advanced Microsoft Office skills
- Excellent verbal, written, and interpersonal communication skills
- Strong analytical skills with high attention to detail and accuracy
- Ability to interact with all levels of an organization
Must have at least 2 years of experience in Banking/Securities Industries, Law Enforcement, and/or Federal Regulation in a combination of one or more of the following areas:
- BSA/AML/OFAC Regulatory Compliance in large, diverse financial institutions
- Federal or State Law Enforcement Pertaining to White-Collar Crime
- Federal or State Financial Institution Regulatory Oversight pertaining to BSA/AML Compliance
- Internal Auditing of BSA/AML/OFAC Programs for large, diverse financial institutions
- Ability to influence and collaborate at all organizational levels
- Experience with developing or assisting with programs designed to adhere to BSA/AML/OFAC laws and regulations in retail brokerage environment
- Strong knowledge of regulatory risks and controls related to BSA/AML/OFAC laws and regulations in retail brokerage environment
- Strong relationship and project management skills
- Prior, proven experience interfacing with financial institution auditors and regulatory authorities
- BS/BA degree or higher
- CAMS or other professional certification (CPA, CIA, Series 7, CRCM)
- All 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.