Bus Risk & Control Officer

Denver, Colorado
October 17 2020
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.

Wealth and Investment Management (WIM) is one of the United States' leading providers of financial and investment services. WIM provides a full range of personalized wealth management, investment, and retirement products and services to meet clients' unique needs and help them achieve financial goals. Our mission is to help clients pursue their financial goals with confidence. We accomplish this by building enduring client relationships through sound, thoughtful, and objective advice. Developing individualized plans for clients to help meet their financial objectives. Helping clients build, manage, preserve, and transition their financial resources and wealth.

As part of the front-line WIM Operations organization, the WIM Financial Crimes Risk Program (WIM FCRP) is responsible for ensuring WIM businesses are in compliance with all applicable laws, regulations, and corporate policies related to Anti-Money Laundering, Bank Secrecy Act, International Economic Sanctions, and Anti-Bribery and Corruption. WIM FCRP ensures Financial Crimes controls are effectively designed and executed in line with WIM and Wells Fargo's risk tolerance.

WIM FCRC has an exciting opportunity to join its High Risk Customer Team. The High Risk Customer Officer will be responsible for performing in flight Quality Control of WIM's High Risk Customer due diligence processes, specific to aircraft transportation assets financed within WIM. This role will perform key quality assessments of several enhanced and ongoing due diligence processes, ensuring all analysis completed by the WIM Financial Crimes Risk & Control teams meet defined quality expectations, and effectively identifies and mitigates financial crimes risk within the organization. Additionally, the Quality Control associate will be responsible for delivering sustainable and exceptional service to our internal clients. The High Risk Customer Officer will be a subject matter expert on aircraft transportation assets, including industry, geographic, and transactional risk. Ensuring that all internal Service Level Agreements, standards/policy, regulatory requirements, and expectations associated with the Bank Secrecy Act, USA PATRIOT Act, and Economic Sanctions laws and regulations are met will be critical to the candidate success.

Key Roles & Responsibilities:
The High Risk Client Officer responsibilities include assisting with the performance of enhanced due diligence (EDD) for WIM's aircraft transportation assets customer population, to include performing the following:
  • Provide ongoing independent Quality Control reviews real time for various WIM HRCM due diligence processes specific to aircraft transportation assets financed within WIM
  • Accurately analyze the results of the Quality Control review, identify trends, and escalate for further evaluation if needed
  • Identify potential concerns, determine the root cause, and coordinate with management to determine appropriate next steps
  • Clearly document results of Quality Control reviews in a complete, accurate and timely manner
  • Effectively communicate the results of the Quality Control review with the process owners, impacted consultants and management
  • Understanding complex investment/asset holding structures for the purpose of identifying ownership and control
  • Reviews of internal customer account documentation, external supporting documentation, and third party vendor informational sources
  • Function as a subject matter expert on various high risk customer processes along with AML and Financial Crimes related policy and procedures; providing expert level guidance to partners across the various WIM businesses
  • Maintaining current knowledge of the external regulatory environment and continuously assessing and reporting real and potential impacts to WIM's businesses


Required Qualifications

  • 7+ 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 7+ years of financial services industry experience, of which 5+ years must include direct experience in risk management

Desired Qualifications

  • Anti Money Laundering (AML) and Bank Secrecy Act (BSA) experience
  • Ability to interact with all levels of an organization
  • Advanced Microsoft Office skills
  • Excellent verbal, written, and interpersonal communication skills
  • Strong analytical skills with high attention to detail and accuracy
  • Certified Anti Money Laundering Specialist (CAMS)
  • Certified Fraud Examiner (CFE)
  • Quality control review experience

Other Desired Qualifications
  • 3+ 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
  • Experience working with complex offshore operating and non-operating holding structures to include Personal Investment Companies (PICs), Trusts, Foundations, Reinsurance, etc.
  • Experience/familiarity with common financial crimes applications and WIM systems of record: Actimize, Lexis Nexis, CR2, Dow Jones Risk and Compliance, Bridger, World Check, CLEAR, Cornerstone, Norkom, CPACS, BETA, ClientLink, Smartstation, Newton, SVP, etc
  • Internal Auditing of BSA/AML/OFAC Programs for large, diverse financial institutions
  • 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
  • Spanish, Portuguese, Mandarin, Arabic speaking skills a plus
  • Experience in conducting due diligence and investigative related duties at a large global financial institution.
  • Experience working within a financial crimes / AML role covering private banking and wealth management with exposure to aircraft transportation assets
  • Law enforcement experience focused on money laundering and other financial crimes related investigations.
  • Strong, clear and concise written communication skills

Street Address

MN-Minneapolis: 600 S 4th St - Minneapolis, MN
IA-West Des Moines: 7000 Vista Drive - West Des Moines, IA
NC-Charlotte: 401 S Tryon St - Charlotte, NC
MO-Saint Louis: 1 N Jefferson Ave - Saint Louis, MO
CO-Denver: 1700 Lincoln St - Denver, CO
UT-Salt Lake City: 5201 Amelia Earhart Dr - Salt Lake City, UT


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.