Financial Crimes Manager 3 - Financial Crimes Control Assurance Strategy Manager in New York, New York | DiversityInc Careers
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Financial Crimes Manager 3 - Financial Crimes Control Assurance Strategy Manager

Job Description

At Wells Fargo, we want to satisfy our customers financial needs and help them succeed financially.  We’re looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you’ll feel valued and inspired to contribute your unique skills and experience.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Wholesale Banking provides financial solutions to businesses across the United States and globally, with annual sales generally in excess of $5 million. Our 10 major business lines include Business Banking, Middle Market Banking, Government and Institutional Banking, Corporate Banking, Commercial Real Estate, Financial Institutions Group, Wells Fargo Commercial Capital, Wells Fargo Insurance, Wells Fargo Securities, and Principal Investments. We also have groups in credit risk, group risk, finance, marketing, human relations, and the Wholesale Chief Operating Office that support our businesses.

The Wholesale Financial Crimes Risk & Controls (WFCRC) team is responsible for the coordination, oversight and ultimate execution of Wholesale Banking’s commitments to key internal and external stakeholders as it relates to the management of financial crimes risk with the Wholesale Bank. In addition to having responsibility for Wholesale Banking’s execution of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) program, WFCRC is also responsible for the remediation of the OCC BSA/AML Consent Order. This team will partner with line of business (“LOB”), operations, risk and compliance team members, Wholesale Group Risk Office (in particular Financial Crimes Risk & Compliance), Enterprise Financial Crimes Risk Management, Wells Fargo Audit Services, and Testing & Validation to advocate and ensure alignment in scope, purpose, expectations and execution of the Wholesale Financial Crimes Program. The team will achieve this through a focus on strong communication, strategic planning, thoughtful and meaningful tracking/reporting, and timely escalation and change management.

WFCRC establishes Wholesale-level BSA/AML, OFAC, customer due diligence and other financial crimes programs that are consistent with policies established by Financial Crimes Risk Management (FCRM).  The Control Assurance Strategy Manager will be part of the Wholesale Financial Crimes Control Assurance (FCCA) team.

Within WFCRC, the FCCA Strategy Manager will design review procedures for various programs within the Financial Crimes Control Assurance program. Manager must have an understanding and be able to manage and cover work on any of the programs as needed.  He/she will also have oversight of Controls and ensure FCCA program is accurate and the strategy of reviews align with the Wholesale Control Assurance program.  Manager will interact with the LOBs, FCRM, Data Analytics, and Technology teams to ensure that the WFCRC programs are maintained and properly managed.  As needed, will provide LOB support with information in the execution of all programs.

WFCRC has an exciting opportunity for an experienced, forward-thinking Financial Crimes Manager 3 (FCM3). The FCM3 will report to the Control Assurance Team Lead and will help provide expertise and oversight specific to the Controls Assurance Strategy.

In general, a FCM3 is responsible for ensuring execution and ongoing management of a mid-size risk-based financial crimes program across the enterprise or a risk-based financial crimes program across large to mid-size business(es) with  considerable related risk. Also managing the development and implementation of procedures, controls, analytics and trend analysis to ensure proactive identification, prevention execution, detection, investigation, recovery and government/internal reporting of financial crime activity. An FCM3 manages the use of internal and external data, including publicly available information ensuring compliance with regulatory requirements such as BSA, USA PATRIOT Act, etc. while maintaining an awareness of financial crimes activity across the enterprise and may provide subject matter expertise to business projects and initiatives. The FCM3 also manages relationships and fosters a team orientation with business heads, legal, audit and multiple US and/or non-US regulators while representing the business(es) in the external community, including with senior regulators/auditors and law enforcement.

The primary responsibility of the FCCA Strategy Manager is to assist the WFCRC Control Assurance Lead with managing all of the WFCRC Control Assurance processes and develop procedures to implement and maintain effective Controls and Procedures across the Wholesale Lines of Business Financial Crimes reviews.  Responsibilities are as follows:

  • Manage day-to-day support of the Strategy for the WFCRC Control Assurance program
  • Define strategic approach to implementing an effective and sustainable Financial Crimes Control Assurance program
  • Drives and supports the program governance and creates oversight of the FCCA programs
  • Build out both Quantitative and Qualitative reviews that will provide valid review controls for business Financial Crimes processes
  • Ensure procedures not only focus on data completed fields but must provide procedures to understand narrative data components
  • Drives and supports the program governance and creates procedures that provide proper reviews for all key programs
  • Support the creation and/or improvement of business as usual (BAU) processes and procedures aligned to key functions of the program
  • Implement changes to reviews and procedures to maintain a strong review program.
  • Conduct coverage and effectiveness reviews
  • Participate and consult in user acceptance testing initiatives as required
  • Supports the creation and delivery of training for regulatory process changes
  • Assist with training of FCCA team members for various business review programs

As a Team Member Manager, you are expected to achieve success by leading yourself, your team, and the business. Specifically you will:

  • Lead your team with integrity and create an environment where your team members feel included, valued, and supported to do work that energizes them.
  • Accomplish management responsibilities which include sourcing and hiring talented team members, providing ongoing coaching and feedback, recognizing and developing team members, identifying and managing risks, and completing daily management tasks.

If applying through LinkedIn, use #WFRiskJob or #ESGRisk

This position is open to any location within the Wells Fargo footprint

Required Qualifications

  • 9+ years of experience in one or a combination of the following: fraud, Bank Secrecy Act, anti money laundering, investigations of financial crimes transactions or policy violations, risk management, or compliance
  • 3+ years of management experience

Desired Qualifications

  • A BS/BA degree or higher
  • A Masters of Business Administration (MBA) or Juris Doctor (JD)
  • Knowledge and understanding of Financial Crimes Risk Management (FCRM)
  • Financial crimes experience
  • Anti Money Laundering (AML) and Bank Secrecy Act (BSA) experience
  • Knowledge and understanding of Anti Money Laundering (AML) and Bank Secrecy Act (BSA)
  • Knowledge and understanding of Anti Money Laundering (AML) and terrorist financing regulations and programs
  • Knowledge and understanding of Anti Money Laundering (AML) requirements
  • Knowledge and understanding of compliance and legal requirements: protecting customers, Anti Money Laundering (AML), and fraud risk
  • Knowledge and understanding of regulatory compliance requirements surrounding USA PATRIOT Act and Anti Money Laundering (AML) requirements
  • Certified Anti Money Laundering Specialist (CAMS)
  • Experience developing operational reporting and performing complex data analysis
  • International or wholesale banking operations exposure; preferably within Wells Fargo
  • Knowledge and understanding of wholesale banking products and services
  • Risk and regulatory compliance experience
  • Knowledge and understanding of financial industry associated regulatory standards and agencies
  • Knowledge and understanding of regulatory compliance requirements surrounding the financial services industry
  • Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
  • Strong organizational, multi-tasking, and prioritizing skills
  • Excellent verbal, written, and interpersonal communication skills
  • Ability to make timely and independent judgment decisions while working in a fast-paced and results-driven environment
  • Advanced Microsoft Office skills
  • Ability to work and influence successfully within a matrix environment and build effective business partnerships with all levels of team members
  • Ability to work effectively, as well as independently, in a team environment
  • Ability to consult, build, and maintain solid working relationships in and outside of immediate department

Other Desired Qualifications
  • Experience with creating or driving a Customer Due Diligence program, or managing key components of a AML program
  • Working knowledge of Wholesale Banking relationships and transaction processes.
  • Understanding of current CDD regulations and their applicability to maintaining customer data
  • Experience running an operational process related to customer data
  • Experience writing or implementing procedures in the BSA/AML/CDD space
  • Ability to develop and maintain effective working relationships with internal and external business partners.



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.