Wholesale Control Self Assurance BSA / AML / Sanctions Risk Manager in Phoenix, AZ

$150K - $200K(Ladders Estimates)

Wells Fargo   •  

Phoenix, AZ 85001

Industry: Finance & Insurance


8 - 10 years

Posted 56 days ago

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 Control (WC) organization serves as the front line risk management organization within Wholesale Banking supporting the businesses with risk strategy, implementation, and execution. The Wholesale Control team is accountable to assess and effectively manage risks across all risk types and Wholesale businesses delivering an integrated view of risks, producing a sustainable control environment, and instilling a culture of strong risk management. The team is responsible to identify and assess risks, design and implement controls, and monitor the controls to ensure they are working effectively. Wholesale Control interfaces with Independent Risk Management and Audit to drive comprehensive and consistent implementation of regulatory and corporate risk policies and programs across Wholesale.

The Wholesale Control Self-Assurance (WCSA) functions serves as the front line control testing group for key areas of risk across all lines of business within Wholesale, domestic and international operations, and across multiple risk disciplines. The group is responsible for assessing risks, testing the design and execution of key controls, and performing monitoring to ensure processes and controls are working as expected to manage risks across Wholesale. Wholesale Control Assurance interfaces with Independent Risk Management, Audit and the regulators to assess comprehensive and consistent implementation of regulatory and corporate risk policies and programs across Wholesale.

The Wholesale Control Self-Assurance (WCSA is seeking add 3 BSA/AML/ Sanctions Risk Managers to their team. Two of these managers will be responsible for Domestic BSA/AML/Sanctions Risk and the other will be responsible for the International BSA/AML/Sanctions Risk.

These experienced leaders will play an integral role in leading a team responsible for ensuring effective execution in the frontline of the Corporate Self-Assurance Activities (SAA) policy for all Bank Secrecy Act (BSA), Anti-Money Laundering (AML) and Sanctions related disciplines within Wholesale Banking. Related responsibilities will also include; defining strategic approach, executing monitoring routines, performing process risk based assessments, evaluating control design (SHRP and/or BPRM), drafting comprehensive procedures to support SA activities, executing reoccurring SA reviews, and interact and work cross-functionally with the various LOB's/Self Assurance teams to drive appropriate changes identified as a result of performing SAA's.

As part of the Wholesale Control group, this leader will have specific Key responsibilities to:

  • Build, lead and develop a dynamic team to support BSA/AML/Sanctions SA activities
  • Evaluate the design and performance of policies, procedures, systems and internal controls impacting BSA/AML/Sanctions
  • Develop comprehensive risk based Self-Assurance activities for BSA/AML/Sanctions controls that are consistent and repeatable
  • Collaborate, partner, and educate LOB on SA function and how this team will interact with other 'in-line' Self-Assurance activities performed by the business
  • Monitor changes in our control environment, evaluate SAA control design, and revise review plans to ensure we have appropriate coverage and alignment with Corp SA policy
  • Recognize when SAAs are needed and serve as SME/advisor on the effective design and buildout of SAAs
  • Ensure compliance with all Wholesale Self-Assurance program procedures
  • Liaison with SAA data analytics group to ensure appropriate data integrity throughout the SAA lifecycle. Provide credible challenge on accuracy of data
  • Distribute clear and comprehensive reporting to key stakeholders
  • Monitor, track, and evaluate effectiveness of corrective actions that are created as a result of SAA activities. Partner with Issue Mmgt cross functional teams as appropriate

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.

As a Team Member Manager, you are expected to achieve success by leading yourself, your team, and the business. Specifically you will:

  • Lead your team with integrity and create an environment where your team members feel included, valued, and supported to do work that energizes them
  • Accomplish management responsibilities which include sourcing and hiring talented team members, providing ongoing coaching and feedback, recognizing and developing team members, identifying and managing risks, and completing daily management tasks

Required Qualifications

  • 8+ years 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; or 8+ years of IT systems security, business process management or financial services industry experience, of which 4+ years must include direct experience in compliance, operational risk management, or a combination of both
  • 3+ years of management experience

Desired Qualifications

  • Advanced Microsoft Office skills
  • Excellent verbal, written, and interpersonal communication skills
  • Strong analytical skills with high attention to detail and accuracy
  • Ability to articulate complex concepts in a clear manner
  • Ability to effectively partner and influence at the executive level
  • Strong customer relationship management skills

Other Desired Qualifications

  • 5+ years of direct experience working in the BSA/AML/Sanctions compliance or risk management space
  • Background in audit, testing or Quality Assurance leadership roles
  • Proficiency with interpreting, analyzing, and manipulating data
  • Demonstrated application of effective credible challenge
  • Strong, proactive leadership and ability to work with a high degree of autonomy
  • Demonstrated ability to apply knowledge and subject matter expertise to effectively solve high-profile issues/problems or escalated matters
  • Demonstrated ability to ensure high quality output from self and team
  • Change agent and creative thinker, able to initiate action and manage change in a rapidly-evolving environmentDemonstrated ability to design, implement and monitor internal controls

Job Expectations

  • Ability to travel up to 20% of the time.

Valid Through: 2019-9-16