Compliance Consultant 4 - WIM Financial Crimes Testing

Job Description

Wealth and Investment Management (WIM) is one of the company’s four main divisions. WIM businesses build enduring client relationships through sound, thoughtful and objective advice. We help our clients by developing individualized plans for everything from retirement goals to business succession planning, to family legacy intentions. Services include comprehensive planning and advice, investment management, brokerage, private banking, estate planning strategies, trust, insurance and both individual and institutional retirement.

We are looking for a Compliance Consultant 4 to fill a key role on the WIM Anti-Money Laundering (AML) Compliance Testing Team. This position will primarily focus on compliance testing specific to Financial Crimes regulations and policies for Wells Fargo Asset Management. Responsibilities for this position include the following:

  • Assist in the planning, execution, and results analysis of AML compliance reviews, including validation testing;
  • Work with the business lines during test work to understand control processes and to identify action plans to address control deficiencies;
  • Ensure adherence to RCRM policies, procedures and other written standards such as CRAS+ and SHRP;
  • Communicate testing results both verbally and in a written report;
  • Participate in and provide compliance support for AML Compliance projects and initiatives, as requested; and,
  • May manage up to 2 compliance consultants, provide coaching and complete performance management activities.

The Compliance Consultant 4 role will be responsible for leading a team of compliance professionals in executing a risk-based compliance control testing program to assure compliance with Financial Crimes regulatory requirements and corporate policies, including the Regulatory Compliance Risk Management Policy and Procedures, primarily focused on the Wells Fargo Asset Management business. These responsibilities will include the design and development of compliance testing strategies and methodologies; evaluating the adequacy and effectiveness of policies, procedures, initiatives, and internal controls; and the identification and validation of issues resulting from these reviews. In addition, this position will require communication with various levels of management to ensure corrective actions are appropriately developed to ensure regulatory compliance. The team lead is responsible for timely deliverables, written and oral reporting, and the work quality for their team and may directly manage up to 2 compliance consultants. Further, the team lead must provide control and compliance risk expertise and lead projects or process improvement initiatives that are complex in scope, high risk and are large in size and organizational span. Finally, the team lead must coordinate/leverage certain responsibilities and best practices with other WIM compliance programs and testing teams and will be responsible for the production of periodic compliance performance reports (i.e. CAR Reports, Quarterly Risk Review) for senior management, including trend analysis and recommended strategies.

Responsible for developing, implementing and monitoring risk-based compliance programs to assure compliance with federal, state, agency, legal and regulatory requirements or may provide oversight to a compliance function.. Works with complex business units and provides compliance risk expertise and consulting for projects and initiatives with high risk to identify and mitigate regulatory risk in all business activities. Designs and develops compliance testing strategies and methodologies; evaluates the adequacy and effectiveness of policies, procedures, processes, initiatives, products and internal controls and identifies issues resulting from internal and/or external compliance examinations. Consults with business to develop corrective action plans and effectively manage change to ensure regulatory compliance. Identifies training opportunities; designs/coordinates the development of training materials; delivers or coordinates training delivery. Reports findings and recommendations to senior management. Manages and/or coordinates production of periodic compliance performance reports for senior management, including trend analysis and recommended strategies. Manages and/or coordinates site, agency or other examinations conducted by external parties. Manages project teams and may provide guidance to less experienced consultants. May directly manage 1-2 specialists/consultants.

No relocation assistance is available for this position.

Preferred Location: St. Louis, MO Other WIM hub locations may be considered.

Required 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

Desired Qualifications

  • Ability to interact with all levels of an organization
  • Advanced Microsoft Office skills
  • Excellent verbal, written, and interpersonal communication skills
  • Strong analytical skills with high attention to detail and accuracy

Other Desired Qualifications

3+ years of experience in a compliance, risk management or audit role performing one or more of the following:

  • Review of complex business processes and identification of key controls
  • Development and documentation of testing strategies and methodologies
  • Evaluating adequacy and effectiveness of policies, procedures, processes and internal controls
  • Communication of issues across various levels of management
  • Prior compliance testing, examination or audit experience strongly recommended
  • Knowledge and understanding of the Wells Fargo Asset Management and/or registered investment advisor businesses
  • Knowledge and understanding of Anti Money Laundering (AML) and Bank Secrecy Act (BSA)
  • Knowledge and understanding of Office of Foreign Assets Control sanctions programs
  • Certified Anti Money Laundering Specialist (CAMS), Wells Fargo AML/Sanctions credential (WFAMSC), and/or advanced degree or certification (CPA, CFA or CIA)Excellent verbal, written, and interpersonal communication skills with all levels of an organization
  • Strong analytical skills with high attention to detail and accuracy
  • Leadership experience including; coaching, training, and mentoring
  • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
  • Ability to work effectively in a virtual team environment
  • Exposure to Wells Fargo’s Shared Risk Platform (SHRP) and CRAS+ (Control Risk Analysis System)


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.


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