Financial Crimes Senior Manager

Wells Fargo & Company; London; On-site; GBP 60,000 - 100,000; Full time

Job description

About this role:

Wells Fargo provides middle market, large corporate and financial institution customers with a range of international solutions, including treasury management, credit, payments, financing, foreign exchange, and trade services. Wells Fargo operates from 42 countries and territories outside of the U.S., including branches in Beijing, Cayman Islands, Dubai, Hong Kong, London, Seoul, Shanghai, Singapore, Taipei, Tokyo, and Toronto.

The EMEA region is headquartered in London and provides oversight and support to Wells Fargo business operations based in Ireland, Germany, France, Sweden, Luxembourg, the Netherlands and UAE covering business activities across EMEA. In region, Wells Fargo provides, middle market, large corporate and, financial services customers with a full range of products and also provides asset and fund management services to institutional investors.

Reporting to the EMEA Head of Financial Crimes Risk Management (FCRM), the Senior Manager, AML and ABC programs (FCRM Manager) will be responsible for managing the EMEA FCRM AML and ABC Programs and providing direct support to the Head of the EMEA FCRM in leading all aspects of the EMEA FCRM Program as required. This will include assisting the Head of EMEA FCRM with responsibility and oversight for the design and execution of the FCRM AML and ABC programs across the EMEA region. The FCRM Manager will assist the EMEA Head of FCRM with coordination the regional AML and ABC programs with Enterprise program heads, ensuring that the region complies with Enterprise policy and meets the local regulatory requirements and expectations in the EMEA countries in which Wells Fargo operate.

The Senior Manager will be directly responsible for the implementation of the requirements of the UK financial crime legislation (including but not limited to) Bribery Act, Criminal Finances Act, Money Laundering, Terrorist Financing and Transfer of Funds Regulations into policy and procedure documents and ensuring that those requirements are accurately translated into procedures.

The FCRM Manager will work closely with the other Regional FCRM Personnel, key Corporate FCRM and Compliance senior leaders and business stakeholders, as required.

In this role, you will:

• Manage and develop teams of individual contributors in roles with moderate complexity and risk responsible for implementing and maintaining an effective financial crimes program for the company.
• Engage and influence stakeholders, internal partners and peers.
• Ensure execution and ongoing management of a risk based financial crimes program across the enterprise or large to mid-size businesses with significant risk.
• Manage the development and implementation of procedures, controls, analytics and trend evaluation to ensure proactive identification, prevention execution, detection, investigation, recovery and government reporting of financial crime activity.
• Complete ABC ATE and AML risk assessments at UK legal entity level.
• Draft the MLRO report for UK legal entities.
• Identify and recommend opportunities for process improvement and risk control development.
• Lead initiatives that cross multiple lines of business in scope with significant risk impact.
• Provide thoughtful independent credible challenge internally, to supported lines of business, across other Corporate Risk programs, and company-wide.
• Determine appropriate strategy and actions of functional area team to meet moderate to high risk deliverables.
• Interpret and develop policies and procedures for functions with moderate complexity within scope of responsibility.
• Build a deep understanding of financial crimes program activity across the enterprise and provide subject matter knowledge to business projects and initiatives.
• Collaborate with and influence all levels of professionals, including more experienced managers.
• Interact directly with external customers.
• Manage allocation of people and financial resources to ensure commitments are met and align with strategic objectives.
• Develop and guide a culture of talent development to meet business objectives and strategy.

Required Qualifications:

• Experience in Financial Crimes, Operational Risk, Fraud, Sanctions, Anti-Bribery, Corruption, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
• Management or leadership experience.
• Financial services experience, including FCRM experience.
• BA/BSc degree or higher.

Desired Qualifications:

• Professional qualification and or direct qualifications in AML and ABC
• Strong understanding of EMEA and specifically of UK AML/CFT and ABC regimes, and international/industry practices.
• Creative and strategic thinking skills, including the ability to analyse business issues and identify key risks/mitigating controls, combined with a pragmatic approach to problem solving.
• Previous experience conducting and managing the review of complex financial crimes policies, procedures, risk assessment and gap analysis documents, new international product proposals and other line of business AML/Compliance documentation.
• Demonstrated leadership skills and experience managing a team involved in AML/FC matters.
• Demonstrated experience managing AML/FC issues across various lines of business, jurisdictions and multiple legal entities.
• Highly developed communication skills- excellent interpersonal, communication skills with an ability to liaise professionally and with diplomacy across all levels of staff.
• Able to execute large complex initiatives in a corporate environment, while effectively partnering with others.
• Ability to complete work within established deadlines.
• Exceptional organisational, analytical and documentation skills.
• Ability to manage many competing projects effectively for on-time delivery.

Job Expectations:

• Directing all program elements of the EMEA FCRM Program to ensure the program is operating in compliance with all local jurisdictional Anti-Money Laundering (AML)/Counter Financing of Terrorism (CFT) and ABC and Anti-Tax Evasion requirements (AML/CFT/ABC) and Wells Fargo’s corporate policies and directives. This includes the development and updating of AML Country Programs and supporting documentation.
• Support the Head of EMEA FCRM in analysing regulatory and legal developments to ensure AML/CFT/ABC Country Programs and supporting procedures are current and accurate.
• Reporting on the effectiveness of each regulated entity’s systems and controls used to combat AML/CFT/ABC regional and local senior management, on a periodic basis or as circumstances dictate.
• Support the Head of EMEA FCRM in the development and implementation of effective AML/CFT/ABC processes and controls.
• Manage direct reports assigned to the EMEA FCRM team, driving a high-performance culture and clear roles and responsibilities.
• Build and maintain strong and collaborative relationships with the Enterprise program owners to deliver expert understanding of the enterprise policy requirements and efficient implementation into the country programs.
• As required, present on the AML/AFT/ABC programs to various Risk Committees responsible for reviewing and escalating financial crimes-related issues for the EMEA Region.
• Provide leadership and guidance in partnership with the Business Advisory teams to the businesses operating in the Region regarding a variety of financial crimes issues.
• Develop and maintain effective relationships with stakeholders across Independent Risk Management, businesses, and Internal Audit to ensure timely identification and resolution of FCRM related issues.
• Assist the appointed MLROs in the development and execution of AML Country Programs and regulatory mandated responsibilities.
• Maintain an up-to-date and informed understanding of relevant legislation and regulations and their impact on the Wells Fargo EMEA Region and legal entities.
• Support the Head of FCRM EMEA in coordinating corrective action plans and new initiatives.
• Act as a key contributor to FCRM related projects impacting the Region.