WIM Financial Crimes Control Assurance Due Diligence Sr. Associate

Job description

Job Description

Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as "Personal Cell" or "Cellular" in the contact information of your application.

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.

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

Wealth & Investment Management, or WIM, is one of the United States' leading providers of financial and investment services. WIM provides a full range of personalized wealth management, investment, and retirement products and services to meet clients' unique needs and help them achieve financial goals. Our mission is to help clients pursue their financial goals with confidence. We accomplish this by:

• Building enduring client relationships through sound, thoughtful, and objective advice
• Developing individualized plans for clients to help meet their financial objectives
• Helping clients build, manage, preserve, and transition their financial resources and wealth

WIM serves clients through the following businesses:

• Wells Fargo Private Bank serves high-net-worth individuals and families.
• Wells Fargo Advisors provides investment advice and guidance to clients through more than 13,200 full-service financial advisors and referrals from more than 5,450 licensed bankers.
• Wells Fargo Asset Management brings together a strategic balance of investment capabilities to serve the investment needs of institutions, financial advisors, and individuals worldwide.

Through Wells Fargo Private Bank, WIM is also a leading provider of trust, investment, and fiduciary services, including personal trust services and a number of specialized wealth services designed to meet the diverse needs of high-net-worth clients.

As the front-line risk management organization for Wealth & Investment Management, WIM Control is accountable for the strategic development, management and oversight of the control environment across WIM's business lines, implemented through partnership with business and corporate function leaders.

The Wealth & Investment Management ("WIM") Financial Crimes ("FC") team is seeking an experienced Due Diligence Senior Associate, with a demonstrated track record focused on ensuring WIM's centralized Financial Crimes processes continue to perform effectively and meet the quality expectations of stakeholders; ensuring those processes and mitigating controls are well defined and operating as designed and expected. This team member will be responsible for enhancing high risk customer ongoing due diligence management through the effective application of a Quality Assurance system, including processes for improvement of the QA system and the assurance of conformity to policy and applicable statutory and regulatory requirements.

Key responsibilities include:

• Execute thorough and complete Control Assurance reviews verifying Financial Crimes controls are operating as designed and expected, and that risks are sufficiently mitigated.
• Adherence to critical to quality metrics/SLAs, leveraging these metrics to identify failure points, evaluate risk and recommend action plans to mitigate risk, improve process efficiency and increase productivity.
• Collaborate, as necessary, with process and control owners to ensure the root cause of deficiencies are identified, managed in line with defined protocols, and tracked through to resolution to ensure quality expectations are met.
• Proactively identifying opportunities to refine and extend QA reviews to improve the quality of work done by WIM Financial Crimes teams.
• Consistently promote a strong financial crimes risk mitigation culture within team and stakeholder groups.
• At a risk-based determined frequency, Team Member may perform targeted Quality Assurance reviews of applicable high risk processes using Quality Assurance Test Scripts to ensure the initial Quality Control review was conducted timely and appropriate determinations and approvals were made in accordance with documented procedures.
• Accountable for using statistical sampling, specifically random sampling, as the core sample methodology of their program, but as necessary, will employ judgmental sampling (e.g. extended sampling in areas of greater risk or areas where deficiencies are trending) monthly. The continual performance of monthly QA batches ensures the sustainability of the enhanced due diligence processes.
• Proactive risk identification and control establishment aligned to organizational objectives and risk mitigation.
• Responsible for the completeness and accuracy of relevant data elements and/or files required to execute and drive production.

• 5+ years of risk management experience in one or a combination of the following: risk management, client service, operations support, or business process management demonstrated through work or military; or 5+ years of financial services industry experience, of which 3+ years must include direct experience in risk management

• Advanced Microsoft Office skills
• Excellent verbal, written, and interpersonal communication skills
• Strong analytical skills with high attention to detail and accuracy
• Ability to articulate complex concepts in a clear manner

• Certified Internal Auditor Certification
• Six-Sigma
• Strong BSA/AML/OFAC/ABC technical ability with experience developing, implementing and/or maintaining programs designed to adhere to these laws and regulations in a large, international, complex financial institution.
• Ability to successfully manage competing priorities while consistently displaying a keen attention to detail within a high-pressure, deadline driven environment.
• Strong, demonstrable project management, process management and/or operational skills;
• Proven people management and staff development skills;
• Exceptional leadership, collaboration and relationship building skills;
• Ability to develop, articulate and execute against strategic objectives in a rapidly changing environment;
• Prior, proven experience interfacing with large financial institution auditors.
• Certified Anti-Money Laundering Specialist (will sponsor qualified candidates for certification)

The salary range displayed below is based on a Full-time 40 hour a week schedule.

NC-Charlotte: Min: $74,600 Mid: $105,000 Max: $135,500
MO-Saint Louis: Min: $74,600 Mid: $105,000 Max: $135,500
MN-Minneapolis: Min: $74,600 Mid: $105,000 Max: $135,500

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.

Benefits

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