About the position
As the Financial Crimes Director in the Chief Administrative Office of Wealth Investment Management, you will lead a team focused on the anti-money laundering and other financial crime related obligations associated with the Firm's Wealth and Investment Management (WIM) division. The leader will focus on a variety of tasks, including providing financial crimes related advice and guidance to the WIM businesses and serving as an escalation point for AML and sanctions in the WIM space. This person will partner with multiple front-line teams, IRM Financial Crimes, Operational Risk Control, Legal, and the enterprise Financial Crimes Risk Management group and Wells Fargo Audit Services, to manage and coordinate a risk-based approach to Anti-Money Laundering (AML), the Bank Secrecy Act, global sanctions, and related financial crimes issues, including fraud and anti-bribery and corruption (ABC) themed items.
Responsibilities
- Provide guidance and direction to business and compliance teams on issues related to AML, sanctions, and anti-corruption laws and regulations.
- Act as the key point of contact for senior leaders in WIM, WIM Financial Crimes Risk Control, IRM Financial Crimes and Financial Crimes Risk Management, Wells Fargo Audit, regulators, and other constituents.
- Serve as an escalation point for all financial crimes for all WIM leaders and IRM Financial Crimes.
- Assist in coordinating WIM training on financial crimes related topics.
- Quickly identify, strategize, and report on specific issues or incidents, control weaknesses or emerging risks.
- Advise on transactional due diligence with respect to clients, counterparties, co-investors, and target companies/assets.
- Identify and escalate client matters with significant reputational risk and potential financial crimes exposure.
- Advise on issues related to Know Your Customer (KYC) obligations.
- Identify weaknesses, gaps and areas for enhancement across processes and platforms.
- Lead special projects arising from the administration of the WIM and Financial Crimes program.
- Liaise and coordinate within FC and with key stakeholders across the Firm.
- Coordinate execution of WIM and Banks Financial Crimes program changes with key stakeholders.
- Ensure consistency of Financial Crimes Risk Control standards against risk tolerance across all WIM businesses.
Requirements
- 8+ years of risk management, business controls, or compliance experience.
- 4+ years of management or leadership experience.
Nice-to-haves
- Extensive risk management and control experience in the area of Financial Crimes, preferably in a Wealth business.
- Results driven professional with a unique blend of experience in business operations, corporate governance, operational and regulatory risk management.
- Experience building and overseeing Compliance Risk Management Programs and Risk Management Governance frameworks.
- Strong management and organization skills.
- Proven success leading and developing high performing teams in a complex matrixed environment.
- Strategic mindset and the ability to influence change across all levels of the organization.
- Change management, portfolio governance, and program design and delivery leadership experience.
- Experience with governance and oversight requirements for regulatory and risk reporting.
Benefits
- 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
