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Business Risk & Control Sr. Associate - (Wholesale Enhanced Due Diligence Team)

Company: Wells Fargo Bank
Location: Ankeny
Posted on: February 16, 2020

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 want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience.Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.Wholesale Banking provides financial solutions to businesses across the United States and globally. - Our four major business lines include Corporate & Investment Banking, Commercial Banking, Commercial Real Estate, and Wells Fargo Commercial Capital. - We also have groups in credit risk, group risk, finance, marketing, human relations, and the Wholesale Chief Operating Office that support our businesses.The Wholesale Financial Crimes Risk & Control (WFCRC) team is responsible for the coordination, oversight and ultimate execution of Wholesale Banking's commitments to key internal and external stakeholders as it relates to the management of financial crimes risk with the Wholesale Bank. WFCRC has responsibility for Wholesale Banking's execution of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) program. This team will partner with line of business ("LOB"), operations, risk and compliance team members, Wholesale Control Executive Office, Enterprise Financial Crimes Risk Management, Wells Fargo Audit Services, and Testing & Validation to advocate and ensure alignment in scope, purpose, expectations and execution of the Wholesale Financial Crimes Program. The team will achieve this through a focus on strong communication, strategic planning, thoughtful and meaningful tracking/reporting, and timely escalation and change management.The Financial Crimes Operations team within Wholesale Financial Crimes Risk Control is seeking a Bus Risk & Control Sr Associate to join the Enhanced Due Diligence Assessment Team. The geographically disbursed team interacts with the lines of business to assess and document customer risk and mitigating factors. - This Bus Risk & Control Sr Associate (individual contributor) will be responsible for executing high profile and complex financial crimes risk assessments of Wholesale customers requiring enhanced due diligence. - The candidate will also provide subject matter expertise on not just risk, but understanding of customers, trends and products and services used, to include transactional analysis. - The team member will consult with the business line to help execute to the risk standards and processes as well as act as a leader on the team by way of training, coaching, mentoring and acting as a back up to their respective manager. - This Sr Associate will help identify training opportunities; design/coordinate the development of training materials, and will coordinates and deliver training, depending on needs.The Business Risk and Control Sr. Associate is responsible for partnering with the relevant business group to identify, assess, manage and mitigate current and emerging risk exposures associated with their activities and operations. Monitors, measures, evaluates, and reports on the impact of decisions and controls to the relevant business group and enterprise function. Consults and provides guidance to business groups on the development, implementation, and monitoring of moderately complex business-specific programs to identify, assess, and mitigate risk. Consults and provides support in the interpretation of policy, guidelines, and governance programs. Provides risk management consulting to support the business in designing and implementing risk mitigation strategies, business processes and controls that mitigate risks and address regulatory requirements. Develops and implements risk monitoring and risk reporting processes and controls. Aggregates, evaluates, reports results and escalates where necessary.Senior 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 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 while completing Enhanced Due Diligence Assessments. This individual contributor must be capable of initiating action and managing change in a fast paced environment. It requires a contributor with strong relationship management, influencing, vision and execution skills. A key differentiator will be the ability to understand and operate successfully in a complex environment. The role requires a sense of urgency, passion for results, and personal accountability for achievement while having ability to make timely and difficult decisions.Individual Responsibilities--- A Sr. team member responsible for financial crimes and reputational risk assessment of high risk customers, too include peer reviews of other team members customers.--- Review risk assessments to determine if risk is adequately managed--- Provide risk expertise for review of customer risk summaries--- Assist with reporting and metrics to communicate the team's progress--- Evaluate and escalate any trends or risks to senior leadership--- Implement compliance and risk policies and controls for functional area--- Lead and participate in any projects or initiatives, as requested--- Lead and participation in ad hoc control design reviews and walkthroughs with line of business partners, working laterally and vertically with risk and business managers in the organization--- Build and foster strong relationships and collaborate effectively by partnering with line of business partners to provide a risk perspective and recommendations as appropriate--- Providing assistance to line of business partners for resolving issues and implementing action plans to address control deficiencies--- Evaluate risk management artifacts and program compliance in alignment with Risk Management FrameworkLeadership, integrity, and credibility will be determining factors in selection. - Successful candidates will be articulate and possess a demonstrated leadership capability; they will be impressive in their inter-personal effectiveness and with regard to their accomplishments. - It requires a team member with strong relationship management, influencing, vision and execution skills. - A key differentiator will be the ability to understand and operate successfully in a complex, heavily matrixed corporate environment. The role requires a sense of urgency, passion for results, and personal accountability for achievement.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.

Required Qualifications

  • 5+ years of experience in risk management (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management) or 5+ years of financial services industry experience, of which 3+ years must include direct experience in risk management

    Desired Qualifications
    • Ability to take initiative and work independently with minimal supervision in a structured environment
    • Ability to gather, organize, and interpret data
    • Ability to document and describe complex transactions and manage due diligence
    • Strong analytical skills with high attention to detail and accuracy
    • Excellent verbal, written, and interpersonal communication skills
    • Strong time management skills and ability to meet deadlines
    • Knowledge and understanding of Know Your Customer (KYC) regulations

      Other Desired Qualifications
      • Regulatory and/or internal audit and examination experience, focusing on AML/Compliance audits
      • Corporate-level AML compliance experience
      • Military intelligence or related Law enforcement investigation experience
      • Previous experience writing Suspicious Activity Reports (SARs)

        Job Expectations
        • Ability to travel up to 10% of the time

          Street Address
          MN-Minneapolis: 600 S 4th St - Minneapolis, MN
          NC-Charlotte: 301 S Tryon St - Charlotte, NC
          IA-Des Moines: 800 Walnut St - Des Moines, IA


          Disclaimer

          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.

Keywords: Wells Fargo Bank, Ankeny , Business Risk & Control Sr. Associate - (Wholesale Enhanced Due Diligence Team), Other , Ankeny, Iowa

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