Compliance Consultant 2 - Anti-Money Laundering

Job Description

It starts with you. Our goal is to attract, develop, retain and motivate the most talented people - those who care and who work together as partners across business units and functions. We value and promote diversity and inclusion in every aspect of our business and at every level of our organization.

At Wells Fargo, we invest in our people. Our diverse lines of business offer unique opportunities to expand your knowledge and advance your career.

Corporate Risk provides leadership, enhances communications, assists with problem identification and solutions, and shares best practices. In addition, this group provides an enterprise-wide view of risk, assists management and our Board of Directors in identifying and monitoring risks that may affect multiple lines of business, and takes appropriate action when business activities exceed the risk tolerance of the company.

The Wells Fargo Advisors (WFA) Anti-Money Laundering (AML) Program High Risk Client Consultant will be responsible for performing key aspects of WFA’s High Risk Client processes. The High Risk Client Consultant will be responsible for the delivery of high standards of client service to WFA’s business lines and channels, and will ensure that all internal Service Level Agreements, standards, regulatory requirements, and expectations associated with the Bank Secrecy Act, USA PATRIOT Act, and Economic Sanctions laws and regulations are met.

Key Roles & Responsibilities:

The High Risk Client consultant’s responsibilities include assisting with the performance of WFA’s:

  • High risk client onboarding processes, including the best-in-class execution of enhanced due diligence (EDD) client onboarding processes
  • Politically Exposed Person (PEP) alert management processes
  • Reviews of internal client account documentation, external supporting documentation, and third party vendor informational sources

Preferred locations are Saint Louis, MO and Glen Allen, VA; however other major WFA hub locations may be considered

Required Qualifications

  • 1+ year of experience in compliance, operational risk management (includes audit, legal, credit risk, market risk, or the management of a process or business with accountability for compliance or operational risk), or a combination of both
  • 1+ year of experience in one or a combination of the following: additional compliance, additional operational risk management, IT systems security, business process management or financial services industry experience; or a BS/BA degree or higher in business or a related field

Desired Qualifications

  • Intermediate Microsoft Office skills
  • Excellent verbal, written, and interpersonal communication skills
  • Strong analytical skills with high attention to detail and accuracy
  • Ability to interact with all levels of an organization

Other Desired Qualifications

2+ years of experience in Banking / Securities Industries, Law Enforcement, and/or Federal Regulation in a combination of one or more of the following areas:

  • BSA/AML/OFAC Regulatory Compliance in large, diverse financial institutions
  • Federal or State Law Enforcement pertaining to White-Collar Crime
  • Federal or State Financial Institution Regulatory Oversight pertaining to BSA/AML Compliance
  • Internal Auditing of BSA/AML/OFAC Programs for large, diverse financial institutions

Additional Other Desired:

  • Experience assisting with programs designed to adhere to BSA/AML/OFAC laws and regulations in either a retail / commercial bank or retail brokerage environment
  • Experience in performing financial investigations, activity analysis, and risk analysis
  • Strong relationship skills
  • ACAMS/CFE certification
  • Spanish speaking skills a plus

    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.

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