Global Sanctions Consultant
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Founded in 1852 and headquartered in San Francisco. Wells Fargo has approximately 286,000 team members in more than 35 countries and territories who support customers to conduct business in the global economy.
With more than 1,500 team members in APAC, Wells Fargo is continuously looking for opportunities to expand across the region. We serve middle market companies, large corporations and financial institutions, and capabilities include trade finance, FX, financing, capital raising & advisory and asset management. Our regional presence grew following the acquisition of GE Capital's Commercial Distribution Finance platform in 2016.
The Global Sanctions Screening and Reporting Group (GSSRG) is responsible for the administration, implementation and execution of Wells Fargo's OFAC and Global Sanctions program. A critical element of this program is the centralization of account and transactional based screening through the Global Sanctions Monitoring Operations System (GSMOS).
This Global Sanctions Consultant role is responsible for evaluating alerts generated from GSMOS and other sanctions monitoring systems; analyzing information received related to the alerts and conducting any necessary research to determine whether the alert and related transaction involves a sanctioned party or otherwise violates sanction programs and documenting the results. He or she will use customer records, external data, and other information to identify potential sanctions violations. He or she will be responsible for liaising between international operations client areas and customers to ensure the information needed to evaluate results is appropriately requested and to assist client areas in addressing related customer concerns. The person in this role will be responsible for reviewing and opining on live transactions in a fast paced environment. This role will also be responsible for completing reporting as required, tracking and escalating issues and assisting with workflow changes. This role may be asked to participate in moderate size project initiatives related to process and system enhancements.
Market Skills and Certifications
3 or more years of business experience in one or a combination of the following: due diligence, sanctions, risk management, investigation, financial crimes, or compliance
• Bachelors degree in accredited institution or equivalent work experience
• Strong understanding of letters of credit and correspondent payment products
• Ability to work across all levels of team members
• Ability to work in a high volume, fast paced environment
• Excellent oral and written English communication skills
• Demonstrated strong work ethic; ability to work independently while recognizing when communication and escalation to management team is needed.
• Willing to work on flexible schedule and/or Holidays where required
• Regulatory compliance background or experience with handling sanctions screening
Team members 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.
Meet Some of Wells Fargo's Employees
Lauren audits Wells Fargo’s financial reports to assess accuracy and risk. She reviews processes in place, analyzes management controls, and communicates calculations and findings with business partners.
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