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About this role:
Wells Fargo is seeking a Lead Financial Crimes Officer to join the Sanctions program apart of Financial Crimes Risk Management. Learn more about the career areas and lines of business at wellsfargojobs.com . The Lead Financial Crimes Officer will be responsible for assisting with leading the bank's global OFAC sanctions program execution and ensuring it aligns with both global regulations and internal policies. Additionally, the Lead Financial Crimes Officer will assist in other leaders to help design, implement, and oversee the execution of high-priority sanctions projects, ensuring that the projects are designed and executed in compliance with Office of Foreign Assets Control (OFAC) sanctions and other relevant legal and regulatory requirements.
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In this role, you will:
- Act as an Economic Sanctions Subject Matter Expert (SME) for the Wells Fargo's OFAC sanctions program. This includes serving as a SME for ongoing sanctions remediation projects throughout the organization.
- Advise global cross-functional teams regarding compliance with OFAC sanctions and other relevant legal and regulatory requirements.
- 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.
- Lead or participate in moderately complex sanctions initiatives and deliverables and contribute to large-scale planning related to sanctions deliverables.
- Evaluate the adequacy and effectiveness of policies, procedures, processes and internal controls.
- Evaluate long-term implications and consequences of strategic business decisions and recommend appropriate alternatives for risk management.
- Lead investigative research, root cause examination and consulting on transactions, suspicious situations, policy violations, referrals, customers, and related parties that present sanctions risk.
- Deliver solutions that are long-term, large-scale and require vision, creativity, innovation, advanced analytical thinking, and coordination of highly complex activities and guidance to others.
- Assist with leading the implementation of complex initiatives with high risk, generally spanning multiple business lines.
- Serve as an advisor to global sanctions office leadership.
- Lead risk evaluation and independently challenge existing fundamentals or assumptions while developing alternative approaches, models and solutions to schemes and trend.
- Influence and negotiate with management, business leads, and high-level stakeholders.
- Engage strategically with all levels of professionals and managers across the company.
- 5+ 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
- Extensive knowledge of and expertise in OFAC Sanctions regulations.
- Experience working at OFAC and, or a large regulated financial institution.
- Experience providing governance and oversight on complex projects, particularly related to sanctions remediation.
- Experience in with regulatory exams and relationships with examiners, auditors, etc.
- Awareness of U.S. and international sanctions regulatory requirements including industry standards.
- Master's Degree in a relevant field or Juris Doctor (JD) strongly preferred.
- Experience interacting with business leaders, legal counsel, and industry groups.
- This position offers a hybrid work schedule.
- Willingness to work onsite at stated location on the job posting.
- This position is not eligible for VISA sponsorship.
1753 Pinnacle Dr, Mclean, VA
401 S Tryon Street, Charlotte, NC
600 S 4th Street, Minneapolis, MN
North Carolina - Charlotte Pay Range: $111,100.00 - 197,500.00 USD Annually
Virginia- McLean Pay Range: $122,200.00 - 217,200.00 USD Annually
Minnesota - Minneapolis Pay Range: $111,100.00 - 197,500.00 USD Annually
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.
$111,100.00 - $217,200.00
Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
- Health benefits
- 401(k) Plan
- Paid time off
- Disability benefits
- Life insurance, critical illness insurance, and accident insurance
- Parental leave
- Critical caregiving leave
- Discounts and savings
- Commuter benefits
- Tuition reimbursement
- Scholarships for dependent children
- Adoption reimbursement
3 Apr 2025
* 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 unit's 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.
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.