Senior Financial Crimes Specialist – OFAC Sanctions

About this role:

Wells Fargo is seeking a Senior Financial Crimes Specialist. As a part of Wells Fargos 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 Financial Crimes Specialist – OFAC Sanctions will assist in governance and oversight of the banks 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 for the Wells Fargos OFAC sanctions program

Participate in managing the companys relationship with OFAC, industry groups, and internal audit for OFAC sanctions regulatory matters, including assisting with coordinating OFAC sanctions-related examinations, audit and reviews, document production, and issue responses

Drafting OFAC Administrative Subpoena responses, Voluntary Self-Disclosures, license applications, and other relevant regulatory correspondence

Lead or participate in moderately complex initiatives and deliverables within functional area and contribute to large-scale planning related to functional area deliverables

Investigate, research, examine, and report complex financial crimes transactions, policy violations and suspicious situations with high levels of risk

Perform risk evaluation and modeling to provide input and recommendations for financial crimes strategies and models

Evaluate the adequacy and effectiveness of policies, procedures, processes and internal controls

Conduct data and onsite reviews, review findings, determine risk level and recommend resulting fraud prevention strategies

Perform investigative research, root cause assessment and consulting regarding highly complex financial crimes transactions, policy violations and suspicious situations with moderate to high risk

Perform detailed examination to detect transactional and relationship patterns, trends, anomalies and schemes across multiple businesses or products

Act as an escalation point for more complex cases

Resolve moderately complex issues and lead a team to meet deliverables

Partner closely with leadership to develop strategies to minimize financial crime portfolio risk through innovative methods with the ultimate goal of maximizing profits

Serve as a liaison and represent the organization in handling court appearances, depositions, mediations, and arbitrations

Collaborate and consult with peers, colleagues and mid-level managers to resolve issues and achieve goals

Develop and deliver a wide range of training for individuals involved in issue detection

Interact internally and externally to conduct investigations or to address risk management

Required Qualifications:

4 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

Required Qualifications for Europe, Middle East & Africa only:

Experience in Financial Crimes, Operational Risk, Fraud, Sanctions, Anti-Bribery, Corruption, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

Knowledge of and expertise in OFAC sanctions regulations

Experience working at OFAC and/or a large regulated financial institution

Masters Degree in a relevant field preferred

Experience with regulatory exams and interacting with bank examiners, auditors, independent third parties, etc.

Awareness of U.S. and international sanctions regulatory requirements including industry standards

Experience interacting 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:

1753 Pinnacle Dr, MCLEAN, VA

Posting End Date:

29 Sep 2024

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 units 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.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Applicants with Disabilities

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

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our 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.

Company: WELLS FARGO BANK

Req Number: R-403264

Updated: Thu Sep 26 03:07:34 UTC 2024

Location: MCLEAN,Virginia