Senior Financial Crimes Specialist, OFAC Sanctions

About this role:

Wells Fargo is seeking a Senior Financial Crimes Specialist as part of the Global Sanctions Office.  Learn more about our career areas and business divisions at wellsfargojobs.com.

As a part of Wells Fargo's 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 bank’s 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 Fargo’s OFAC sanctions program
• Participate in managing the company’s 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
• Provide leadership within the team
• 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
• Lead projects, teams or serve as a mentor for less experienced staff
• 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

Desired Qualifications:

• Knowledge of and expertise in OFAC sanctions regulations
• Experience working at OFAC and/or a large regulated financial institution 
• Experience with regulatory exams and interacting with bank examiners, auditors, independent third parties, etc.
• Experience interacting with business leaders, legal counsel, and industry groups
• Experience developing and refining internal policies and procedures. 
• Ability to organize and prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and changing environment
• Experience developing metrics and controls and associated management reporting

Job Expectations:

• This position is not eligible for Visa sponsorship.

• This position offers a hybrid work schedule.

Job posting may come down early due to volume of applicants

Pay Range
 

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.

$84,000.00 - $164,400.00

Benefits