Senior Lead Financial Crimes Officer - OFAC Sanctions

at  Wells Fargo

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.
$144,400.00 - $300,000.00

APPLICANTS WITH DISABILITIES

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .

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

Required Qualifications:

• 7+ 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, educatio

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 group

Wells Fargo is seeking a Senior Lead Financial Crimes Officer within
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 Senior Lead Financial Crimes Officer - OFAC Sanctions is a new critical role in helping to lead the bank’s global OFAC sanctions program execution and ensuring it aligns with both global regulations and internal policies.

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:

• 7+ 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:

• Willingness to work on-site at stated location on the job opening.
• This position offers a hybrid work schedule.
• Job posting may come down early due to volume of applicants.

Job Posting Locations:

• 150 E 42nd, New York, NY
• 1753 Pinnacle Dr, MCLEAN, VA
• 333 Market st, San Francisco, CA