About this role:Wells Fargo is seeking a Product Consultant AML & Transformation in Consumer and Small Business Banking (CSBB) Financial Crimes team. Learn more about the career areas and business divisions at www.wellsfargo.com .The group is responsible for financial crimes risk coverage across CSBB 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. 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 projects/initiatives and may mentor but does not manage other team members.In this role, you will:
Provide Financial Crimes expertise and guidance for CSBB related activities, specifically Small Business Banking Program Execution and Products/Payments processing requirements.
Understand applicable AML and Sanctions regulations to develop controls to ensure compliance.
Evaluate the applicability of policies for assigned business units, determines the adequacy and effectiveness of procedures and designs/develops new procedures for complex policies.
Contribute to the development and enhancement of the business control environment for Financial Crimes.
Consult with the business stakeholders on Financial Crimes related projects to identify and mitigate operational risks for end-to-end processes that span CSBB 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.
Work cross-functionally with Financial Crimes partners to identify issues, propose solutions, and drive strategic objectives. Assists in developing corrective actions to mitigate risks.
Manage oversight of financial crimes related issues and corrective actions to ensure control deficiencies are effectively resolved.
Support regulatory exams, internal audits, or Independent Risk Management reviews as required.
Identify and escalates financial crimes risk matters to management, as appropriate.
Required Qualifications:
5+ 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.
Desired Qualifications:
Experience consulting on products with a lens of risk
Strong experience utilizing Powerpoint
Experience being able to convey complex ideas to varies audiences
Experience in understanding and documenting unfamiliar processes in order to identify key risks, identify and evaluate controls and provide consulting to remediate control deficiencies preferably within financial services
Demonstrated experience leading innovative solutions and improved processes
Job Expectations:
Ability to travel up to 10% of the time
This position is not eligible for Visa sponsorship
This position offers a hybrid work schedule
Posting Locations:
1525 W WT Harris Blvd - Charlotte, North Carolina
401 S Tryon - Charlotte, North Carolina
550 S 4th Street - Minneapolis, Minnesota
1801 Park View Drive - Shoreview, Minnesota
11601 N Black Canyon Hwy – Phoenix, Arizona
2700 S Price Road - Chandler, Arizona
250 E John Carpenter Frwy - Irving, Texas
2200 Concord Pike Wilmington Delaware
150 E 42nd St New York, New York
Required locations listed above. Relocation assistance is not available for this position.New York – New York Pay Range: $133,300 - $237,100 USD annual (this range may not be applicable to other locations)Pay RangeReflected 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.$111,100.00 - $237,100.00BenefitsWells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs (https://www.wellsfargojobs.com/en/life-at-wells-fargo/benefits) 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:15 Nov 2024 Job posting may come down early due to volume of applicants.We Value DiversityAt 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 DisabilitiesTo request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo (https://www.wellsfargojobs.com/en/diversity/disability-inclusion/) .Drug and Alcohol PolicyWells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy (https://www.wellsfargojobs.com/en/wells-fargo-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.Req Number: R-414976