About this role:

Wells Fargo is seeking an experienced, highly motivated and team oriented leader to manage the Financial Crimes Risk program for WFBI.

Reporting to the EMEA Head of Financial Crimes Risk Management (FCRM), WFBI MLRO will be responsible for oversight over Financial Crimes Risk within WFBI and management of the program in the second line. The role provides 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 the financial crime programs in mainland Europe / Dubai as well as WFBI in Ireland and its branch in Frankfurt. The role will assist the EMEA Head of FCRM with 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 WFBI MLRO will be directly responsible for implementing the requirements of Irish AML, ATF, Sanctions, and ABC legislation into the firm’s policies and procedures, and for ensuring these requirements are accurately translated into operational processes. In addition, the role will have indirect responsibility for compliance with applicable German financial‑crimes regulations through oversight of the Germany MLRO, who reports directly to this position.

The WFBI MLRO 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 the MLRO report and Risk Assessments at legal entity level.
• Identify and recommend opportunities for process improvement and risk control development.
• Lead the co-ordination of regulatory inspections and be the focal point of contact for the regulator financial crimes matters.
• 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.
• Provide updates to senior management and governance committees on financial crime risk.
• 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, education
• Management or leadership experience
• Previous experience in a second line financial crime leadership role

Central Bank of Ireland Regulatory Requirements

This role is designated as a Pre-Approval Controlled Function 52 and Controlled Function 1 and 2 role under the Central Bank Reform Act 2010 (sections 20 and 22) (Amendment) Regulations 2011 (SI No. 615 of 2011), subject to certain regulatory requirements. This includes an obligation on WFBI to carry out prescribed due diligence to assess your fitness and probity, and to satisfy itself on reasonable grounds that you comply with the standards of fitness and probity prescribed by the Central Bank of Ireland pursuant to any code issued under section 50 of the Central Bank Reform Act.

Individuals who perform a PCF/CF role must maintain a level of fitness and probity appropriate to the ongoing performance of that particular function and must comply with the Enterprise Registration Policy.

As a role carrying PCF/CF designation, the role holder will also be subject to the requirements of the Central Bank of Ireland’s Individual Accountability Framework, to include the Senior Executive Accountability Regime (“SEAR”), the statutory duty of responsibility and the Common and Additional Conduct Standards.

The role holder will be required to possess and maintain the appropriate technical knowledge required to perform the role and to understand the regulatory obligations to which they are subject as a PCF/CF, to include, without limitation, SEAR, the Fitness and Probity Standards and the Conduct Standards. An individual who performs a PCF/CF1/CF2 role has the ability to exercise significant influence on the conduct of WFBI’s affairs and ensures, controls or monitors WFBI’s compliance with its relevant obligations.

• An individual who performs a CF1 role has the ability to exercise significant influence on the conduct of WFBI’s affairs.
• An individual who performs a CF2 role ensures, controls or monitors compliance by WFBI with our relevant obligations.

Posting End Date:

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. 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.

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 Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

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.