Financial Crime Program Consultant
Wells Fargo provides middle market, large corporate and financial institution customers with a range of international solutions, including treasury management, credit, payments, financing, foreign exchange, and trade services. Wells Fargo operates from 42 countries and territories outside of the U.S., including branches in Beijing, Cayman Islands, Dubai International Financial Center (DIFC), Hong Kong, London, Seoul.
Main Function of the Role
This role is to support the Wells Fargo Bank International UC (WFBI) Financial Crime Program Manager (FCP Manager) and assist with the management of the WFBI Financial Crimes Risk Management (FCRM) Program function on a day to day basis.
FCRM is tasked with Financial Crime related activities for WFBI - including Customer Due Diligence, Anti-Bribery and Corruption, Sanctions, Fraud and other regulatory requirements. Management of the WFBI Financial Crimes Risk Management (FCRM) function on a day to day basis sits with the WFBI Financial Crime Officer & Money Laundering Reporting Officer (MLRO) in to whom the WFBI FCP Manager reports.
The Financial Crime Program Consultant (FCP Consultant) will support the FCP Manager within the FCRM function which, in turn, will support WFBI and Wells Fargo in EMEA's (WF EMEA) ability to meet its regulatory financial crime risk obligations and commitments.
The FCP Consultant is intended to act as support to the FCP Manager and assist them in their role as the Subject Matter Expert covering AML/CFT and Financial Sanctions Legislation and Regulations associated with WFBI and relevant Lines of Business (LOBs) across the WFBI's Financial Crime program. The FCP Consultant is also intended to provide support to the MLRO in relation to the management of Fraud and ABC-related risks pertaining to WFBI.
- Support the FCP Manager in providing SME assistance and leadership to projects within WFBI and within the larger Financial Crimes Risk Management function.
- Work alongside the FCP Manager in maintaining an up-to-date and informed understanding of relevant legislation and regulations and their impact on WFBI and the broader Financial Crimes Risk Management Function.
- Collaborate with the FCP Manager as they contribute to WFBI and EMEA-wide procedures, policies and programs to describe controls and processes required to meet legal and regulatory money laundering obligations within Ireland and the EU (where required).
- With the FCP Manager, establish and maintain appropriate follow-up, escalation and management reporting processes.
- Engage with the development and review of Risk Assessments and FC Programs for WFBI.
- Assist the FCP Manager in their discharge of responsibilities via their involvement in the day to day management of FCRM activities and projects.
- Aid the FCP Manager with oversight and reporting relating to FCRM for WFBI and WFBI Branches as required.
- Liaise with various support departments including Compliance, Risk, Operations and Legal as necessary regarding AML/CTF and other regulatory requirements for WFBI.
- Monitor Sanctions screening and other requirements of WFBI.
- Contribute to FCRM M.I. Reporting by:
- Engaging with the creation and management of the production of Management Information for WFBI FCRM and work with key stakeholders throughout WF and WF EMEA;
- Monitoring and updating, where necessary, Inter-Company Agreements relating to WFBI activities and requirements; and
- Refreshing and reporting on status of Risk Assessments and FC Programs to both internal and external stakeholders
Market Skills and Certifications
- Aid the FCP Manager in providing team member training in connection with regulatory sources/internal policies.
- Liaise with WFBI, WFBI Branches, International FCRM and other WF Management as appropriate.
- Assist with preparation for internal and external audits and regulatory exams.
- Identification of financial crime risks within the Wells Fargo's compliance risk management system.
- Support the FCP Manager, the MLRO and other stakeholders in the addressing of items raised during internal and external audits and regulatory exams.
- Be point of contact and owner for tasks and activities delegated by the MLRO and the FCP Manager
- Direct AML/CFT and Financial Sanctions experience required.
- Strong knowledge of Criminal Justice Act (Money Laundering & Terrorist Financing) Act 2010 & 2013 alongside supporting guidelines and industry standards expected.
- Leadership roles within projects welcome e.g. Workstream management and reporting.
- Project Management experience an advantage.
- LCOI Credential required, ICA or ACAMS welcome.
- Track record of collaboration and leadership
- Experience in Process design and management welcome.
- Expert analytical skills with experience in collecting, analyzing, and synthesizing information on various subjects.
- Demonstrated ability to identify key issues, and obtain appropriate information for further analysis.
- Proven track record of working collaboratively across multiple business lines and with stakeholders and colleagues at all levels but also of taking the lead as needs dictate.
- An ability to motivate team members for common progress is essential.
- Strong attention to detail essential
- Experience of providing guidance and assistance/training to team members.
- Excellent interpersonal, communication (written and presentation) skills and organizational abilities are essential with an ability to liaise professionally and with diplomacy across all levels of staff in clear and succinct manner.
- Demonstrated experience working in a high pressure environment, working to tight deadlines displaying efficiency and effectiveness on a daily basis.
- Strong ability to manage multiple requests for information and handle confidential and sensitive information in a professional manner in a fast paced deadline driven environment.
- Candidate should be IT literate - including Microsoft Project, Excel, Access, Word, PowerPoint and other reporting tools but also able to understand use of technology for improving the regulatory control environment.
- The ability to work unsupervised, the willingness to work extra hours when required to do so and with a demonstrated ability to drive through regulatory and other change.
- Reliability and conscientiousness are as important as knowledge in this role
Back to top