Wells Fargo
Lead Financial Crimes Officer, OFAC Sanctions
Wells Fargo, Charlotte, North Carolina, United States, 28245
Wells Fargo is seeking a Lead Financial Crimes Officer. As a part of Wells Fargo's second line of defense and Independent Risk Management team, the Global Sanctions Office is responsible for implementing and maintaining an effective global sanctions program for the company that complies with all applicable laws, regulations, and regulatory expectations related to Office of Foreign Assets Control (OFAC) sanctions . The Lead Financial Crimes Officer, OFAC Sanctions is a critical role in helping leading the bank’s global OFAC sanctions program execution and ensuring it aligns with both global regulations and internal policies. Learn more about career areas and business divisions at wellsfargojobs.com.
In this role, you will:
Act as an Economic Sanctions Subject Matter Expert responsible for helping oversee and govern Wells Fargo’s OFAC sanctions program and providing accurate and thoughtful regulatory guidance to business units.
Act as an advisor to leadership to develop or influence objectives, plans, specifications, resources, and long-term goals for highly complex business and technical needs across groups and functions
Implement and maintain an effective financial crimes program that complies with all applicable laws, regulations, and regulatory expectations including Bank Secrecy Act, Anti-Money Laundering, Counter-Terrorist Financing, and Global Sanctions
Evaluate long-term implications and consequences of strategic business decisions and recommend appropriate alternatives for risk management
Lead investigative research, root cause examination and consulting on transactions, suspicious situations, policy violations, referrals, customers, and related parties that present high risk, complexity and visibility
Provide specialized financial crime and fraud reviews, research, investigative research, interviews, industry conferrals and law enforcement outreach
Lead the strategy and resolution of highly complex and unique challenges requiring in-depth evaluation across multiple areas or the company
Deliver solutions that are long-term, large-scale and require vision, creativity, innovation, advanced analytical thinking, and coordination of highly complex activities and guidance to others
Lead implementation of complex initiatives with high risk, generally spanning multiple business lines
Provide vision, direction and full knowledge to leadership on implementing innovative and significant business solutions that are large scale companywide strategies
Serve as an excellent advisor to leadership
Lead risk evaluation and independently challenge existing fundamentals or assumptions while developing alternative approaches, models and solutions to schemes and trend
Influence and negotiate with executive management, business heads, and high level stakeholders
Lead initiatives and virtual teams across the organization to deliver companywide business transformations
Engage strategically with all levels of professionals and managers across the company
Liaise with Legal and law enforcement agencies
Required Qualifications:
5+ years of Financial Crimes, Operational Risk, Fraud, Sanctions, Anti-Bribery, Corruption experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
Extensive knowledge of and expertise in OFAC Sanctions regulations, risks, and typologies
Experience working at OFAC and/or the Department of the Treasury
Masters Degree in a relevant field or Juris Doctor (JD) strongly preferred
Experience in managing regulatory exams and relationships with examiners, auditors, etc.
Awareness of U.S. and international sanctions regulatory requirements including industry standards.
Experience leading complex initiatives, including interacting and problem solving with business leaders, legal counsel, and industry groups.
Job Expectations:
This position offers a hybrid work schedule.
This position is not eligible for Visa sponsorship
This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CRF 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.
Job posting may come down early due to volume of applicants
Pay Range
Reflected 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 - $237,100.00
Benefits
Wells 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:
11 Jan 2025
*****
Job posting may come down early due to volume of applicants.
We Value Diversity
At 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 Disabilities
To 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 Policy
Wells 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-420534
In this role, you will:
Act as an Economic Sanctions Subject Matter Expert responsible for helping oversee and govern Wells Fargo’s OFAC sanctions program and providing accurate and thoughtful regulatory guidance to business units.
Act as an advisor to leadership to develop or influence objectives, plans, specifications, resources, and long-term goals for highly complex business and technical needs across groups and functions
Implement and maintain an effective financial crimes program that complies with all applicable laws, regulations, and regulatory expectations including Bank Secrecy Act, Anti-Money Laundering, Counter-Terrorist Financing, and Global Sanctions
Evaluate long-term implications and consequences of strategic business decisions and recommend appropriate alternatives for risk management
Lead investigative research, root cause examination and consulting on transactions, suspicious situations, policy violations, referrals, customers, and related parties that present high risk, complexity and visibility
Provide specialized financial crime and fraud reviews, research, investigative research, interviews, industry conferrals and law enforcement outreach
Lead the strategy and resolution of highly complex and unique challenges requiring in-depth evaluation across multiple areas or the company
Deliver solutions that are long-term, large-scale and require vision, creativity, innovation, advanced analytical thinking, and coordination of highly complex activities and guidance to others
Lead implementation of complex initiatives with high risk, generally spanning multiple business lines
Provide vision, direction and full knowledge to leadership on implementing innovative and significant business solutions that are large scale companywide strategies
Serve as an excellent advisor to leadership
Lead risk evaluation and independently challenge existing fundamentals or assumptions while developing alternative approaches, models and solutions to schemes and trend
Influence and negotiate with executive management, business heads, and high level stakeholders
Lead initiatives and virtual teams across the organization to deliver companywide business transformations
Engage strategically with all levels of professionals and managers across the company
Liaise with Legal and law enforcement agencies
Required Qualifications:
5+ years of Financial Crimes, Operational Risk, Fraud, Sanctions, Anti-Bribery, Corruption experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
Extensive knowledge of and expertise in OFAC Sanctions regulations, risks, and typologies
Experience working at OFAC and/or the Department of the Treasury
Masters Degree in a relevant field or Juris Doctor (JD) strongly preferred
Experience in managing regulatory exams and relationships with examiners, auditors, etc.
Awareness of U.S. and international sanctions regulatory requirements including industry standards.
Experience leading complex initiatives, including interacting and problem solving with business leaders, legal counsel, and industry groups.
Job Expectations:
This position offers a hybrid work schedule.
This position is not eligible for Visa sponsorship
This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CRF 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.
Job posting may come down early due to volume of applicants
Pay Range
Reflected 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 - $237,100.00
Benefits
Wells 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:
11 Jan 2025
*****
Job posting may come down early due to volume of applicants.
We Value Diversity
At 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 Disabilities
To 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 Policy
Wells 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-420534