Financial Crimes Director - CSBB Financial Crimes Advisory

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About this role:

Wells Fargo is seeking a Financial Crimes Director to join the Consumer, Small & Business Banking (CSBB) Financial Crimes Risk Management Business Advisory Group. Learn more about the career areas and business divisions at wellsfargojobs.com . The Financial Crimes Director will provide advice, oversight, and challenge to the CSBB Small Business Banking line of business on critical parts of the eight core FCRM components, including compliance with requirements related to governance and management information reporting.

In this role, you will:

• Provide advice, oversight, and challenge to the front line's execution of its financial crimes risk management responsibilities and its financial crimes-related risks and matters.
• Establish clear escalation paths for identified financial crimes risk and established dedicated financial crimes-related forums and committees.
• Monitor BSA/AML KPI/KRIs and provide reporting to senior management and the Company's Risk Committees
• As the dedicated CSBB line of business coverage team, provide coverage of relevant client population, product expertise and risk management.
• Understand the risk generated by CSBB activities, apply adequate controls, and manage risk during its business activities.
• Identify, measure, and assess, control, monitor, and report on risk generated by or associated with its business activities.
• Balance risk in decision making while operating within the Company's risk appetite.
• Manage and develop specialized teams of experienced managers and/or professional individual contributors with focus on delivering Financial Crimes Risk Management advice and counsel.
• Maintain an awareness of financial crimes activity across the enterprise and the industry and act a subject matter resource person within the industry.
• Foster an environment that ensures communication and cooperation across the three lines of defense to facilitate transparency, balance, and credible challenge.
• Develop and implement procedures, controls, analytics, and trend assessment to ensure proactive identification, prevention execution, detection, investigation, recovery and government and internal reporting of financial crimes activity.
• Ensure compliance with regulatory requirements such as Bank Secrecy Act, USA PATRIOT Act, and FACTA.
• Identify opportunities and strategies for process improvement and risk control development.
• Interpret and develop range of policies and procedures for functions with moderate to higher complexity and risk.
• Lead a team by making strategic decisions to resolve highly complex issues to meet higher risk deliverables.
• Direct the development and implementation of procedures, controls, analytics and trend assessment to ensure proactive identification, prevention, execution, detection, investigation, recovery, government and internal reporting of financial crimes activity.
• Manage programs or initiatives related to a line of business and a Company strategy with considerable impact across the Company and externally.
• Collaborate with and influence all levels of professionals including leadership.
• Manage relationships and foster a team orientation with business heads, legal, audit and multiple US and non-US regulators.
• Represent the businesses in the external community, including with regulators, law enforcement, elected officials, and trade groups.
• Manage allocation of people and financial resources to ensure commitments are met and align with strategic objectives.
• Develop and guide a culture of talent development to meet business objectives and strategy.

Required Qualifications:

• 8 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.
• 4 years of Management experience.

Desired Qualifications:

• Extensive experience in Consumer & Small & Business Banking (CSBB)
• Experience in Financial Crimes Risk Management including regulatory expectations, controls, new product/business initiatives.
• Understand the firm's products, services, customers, entities, and geographic locations, and the potential money laundering and terrorist financing risks associated with those activities.
• Deep understanding of the ever-evolving governance and regulatory environments as well as industry and risk-related best practices.
• Organizational courage and willingness to make tough, informed decisions and thoughtfully share independent perspectives.
• 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 in writing, able to ask well-crafted questions and present ideas in a clear and compelling manner, good listener who engenders creative thinking and teamwork.
• An ability to develop and articulate sound proposals to key stakeholders, and an ability to influence and drive timely decision making.
• 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.
• Proven experience establishing a large-scale vision, developing the strategy to support the vision, gaining consensus across key functional leadership areas through effective communication and successful delivery against goals and objectives.
• Experience driving large-scale organizational change.
• Proven ability to build and lead high-performing teams, ensuring proper staffing and expertise, and manage the establishment of major policies and relevant compliance programs across major business divisions within a large and complex organization.
• Ethical integrity and proven ability to serve as a role model by reinforcing and demonstrating to your team members Wells Fargo's core values and behavioral expectations.

Job Expectations:

• Willingness to work on-site at stated location on the job opening.
• This position offers a hybrid work schedule
• This position is not eligible for VISA sponsorship

Posting Locations:

401 S Tryon Street, Charlotte, NC

250 E John Carpenter Frwy, Irving, TX

600 S 4th Street, Minneapolis, MN

800 S Jordan Creek Pkwy, West Des Moines, IA

114 N Beaumont Street, Saint Louis, MO

1150 W Washington Street, Tempe, AZ

Pay Range

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$173,300.00 - $359,900.00
Benefits

Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.

• Health benefits
• 401(k) Plan
• Paid time off
• Disability benefits
• Life insurance, critical illness insurance, and accident insurance
• Parental leave
• Critical caregiving leave
• Discounts and savings
• Commuter benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement

Posting End Date:
7 Dec 2024

• Job posting may come down early due to volume of applicants.

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

Employees 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.

Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.