Financial Crime Program Consultant

Job Description

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 20 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Market Job Description

This role is to support the Wells Fargo UK AML Manager and assist with the management of the UK AML Program on a day-to-day basis.
The Financial Crime Program Consultant (FCP Consultant) supports the FCP Manager & UK AML Manager, who in turn support the Wells Fargo UK legal entities and Wells Fargo in EMEA’s ability to meet its regulatory financial crime risk obligations and commitments.
The FCP Consultant works with the FCP Manager & UK AML Manager in their role as Subject Matter Experts covering UK and EU Financial Crime Legislation and Regulations associated with the Wells Fargo UK legal entities. The FCP Consultant is intended to act as a subject matter expert providing Financial Crime advisory services to the Wells Fargo UK legal entities and associated Lines of Business (LOBs) together with second line of defence program governance, monitoring and oversight. The FCP Consultant is a second line of defence role within EMEA Financial Crime Risk Management (FCRM).
EMEA FCRM is tasked with Financial Crime related activities for the Wells Fargo EMEA legal entities. These activities include AML, Anti-Bribery and Corruption and Sanctions amongst other regulatory activities.
(Note: In addition to these functions employees are required to carry out such other duties as may reasonably be required)

Responsibilities:

• Provide Financial Crime Advisory services to all the lines of business, which book into the Wells Fargo UK Legal entities, based on EU and UK Financial Crime Regulation, legislation and Regulatory guidance.
• Perform the analysis and gap assessment of new UK and EU Financial Crime Regulatory guidance.
• Work alongside the FCP Manager in maintaining an up-to-date and informed understanding of new relevant legislation and regulations and their impact on the Wells Fargo UK legal entities and the broader Financial Crimes Risk Management Function.
• Where required lead projects within the Wells Fargo UK legal entities and within the Financial Crimes Risk Management function. Support the FCP Manager in providing SME assistance in projects.
• Collaborate with the FCP Manager as they contribute to UK and EMEA-wide procedures, policies and programs to describe controls and processes required to meet legal and regulatory money laundering obligations within the UK and the EU (where required) and the broader EMEA FCRM Function.
• Provide Financial Crime program monitoring and oversight.
• With the FCP Manager, establish and maintain appropriate follow-up, escalation and management reporting processes.
• Engage with the development and review of risk assessments and FC Programs for the Wells Fargo UK legal entities.
• Assist the MLRO in their discharge of responsibilities via their involvement in the day-to-day management of FCRM activities and projects.
• Aid the MLRO with oversight and reporting relating to FCRM for the Wells Fargo UK legal entities as required.
• Liaise with various support departments including Compliance, Risk, Payments and Legal as necessary regarding AML/CTF and other regulatory requirements for the Wells Fargo UK legal entities
• Aid the FCP Manager in providing team member training in connection with regulatory sources/internal policies.
• Liaise with the Wells Fargo UK legal entities, Enterprise FCRM and other WF Management as appropriate.
• Assist with preparation for internal and external audits and regulatory exams/audits.
• Identification of financial crime risks within the Wells Fargo’s compliance risk management system.

Market Skills and Certifications

Skills/Experience Required:

• Direct AML/CFT and Financial Sanctions experience required.
• Excellent knowledge of the UK Money Laundering Regulations and UK Financial Crime legislation, JMLSG, the Fourth and Fifth EU Money Laundering Directive and FCA Regulatory Guidance and Standards alongside supporting guidelines and industry standards.
• Experience of providing UK Financial Crime expert advisory services and subject matter expertise to projects and multiple stakeholders including Financial Crime teams, multiple lines of business and to Legal Counsel within a UK FCA regulated entity.
• Experience of analysis and gap assessment of Enterprise policies and procedures against UK and EU Legislation and Regulatory Guidance and Standards.
• Leadership roles within projects welcome e.g. Work stream management and reporting.
• Project Management experience an advantage.
• ICA, ACAMS or similar qualification an advantage.
• Track record of collaboration and leadership
• Experience in Process design and management welcome.
• Expert analytical skills with experience in collecting, analyzing, and synthesizing information on various subjects.
• Demonstrated ability to identify key issues, and obtain appropriate information for further analysis.
• Proven track record of working collaboratively across multiple business lines and with stakeholders and colleagues at all levels but also of taking the lead as needs dictate.
• An ability to motivate team members for common progress is essential.
• Strong attention to detail essential
• Experience of providing guidance and assistance/training to team members.
• Excellent interpersonal, communication (written and presentation) skills and organizational abilities are essential with an ability to liaise professionally and with diplomacy across all levels of staff in clear and succinct manner.
• Demonstrated experience working in a high pressure environment, working to tight deadlines displaying efficiency and effectiveness on a daily basis.
• Strong ability to manage multiple requests for information and handle confidential and sensitive information in a professional manner in a fast paced deadline driven environment.
• Candidate should be IT literate - including Microsoft Project, Excel, Access, Word, PowerPoint and other reporting tools but also able to understand use of technology for improving the regulatory control environment.
• The ability to work unsupervised, the willingness to work extra hours when required to do so and with a demonstrated ability to drive through regulatory and other change.

We Value Diversity

At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.
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.