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Financial Crimes Specialist

Wells Fargo
Hong Kong
Posted 5 days ago Permanent Competitive
See job description for details
The Financial Crimes Risk Management (FCRM) Specialist reports to the APAC Deputy Head of Financial Crimes and supports the regional FCRM team in ensuring compliance with jurisdictional Anti-Money Laundering (AML)/Counter Financing of Terrorism (CFT) requirements and Wells Fargo's corporate policies and directives. In this role, you will:

Responsibilities

• Support with the independent oversight of the AML/CFT programs across the APAC Region.

• Identify, analyze, and appropriately escalate financial crimes risk-related issues.

• Support MLROs, businesses and support teams with Independent Risk Management subject matter expertise on financial crimes topics.

• Act as a regional point of contact for financial crimes escalations, including to review, comment and disposition or further escalate issues, as appropriate.

• Advise businesses and support teams on financial crimes risks of transactions, projects, new products or business initiatives.

• Provide review and analysis of customer relationships for financial crimes risks and assess effectiveness of mitigating controls to manage such risks.

• Support updates to sanctions screening databases.

• Provide training and communication to relevant parties.

• Support development of an effective risk-based AML/CFT program.

• Conduct research and collate feedback for regulatory questions and enquiries.

• Provide support on financial crimes-related internal audit and compliance testing matters.

• Produce appropriate financial crimes-related metrics and risk reporting for internal consumption or to be distributed and leveraged by key stakeholders.

While role has a degree of regional coverage, role has no routine travel requirement (Singapore or Hong Kong based).

Requirements
  • 4+ years of experience in one or a combination of the following: anti-money laundering, sanctions, anti-bribery and corruption, financial crimes investigations, risk management, or compliance.
  • Sound knowledge of anti-money laundering, sanctions, and other financial crimes laws, rules, and regulations.
  • Knowledge and appreciation of recent legal, regulatory, and industry developments in financial crimes.
  • Good understanding of KYC & AML requirements for various client types, lines of business, and products.
  • Excellent verbal, written, and interpersonal communication skills for effective communication with stakeholders verbally or via written work product.
  • Excellent analytical skills, lateral thinking, and problem solving ability with high attention to detail.
  • Ability to independently prioritize work, meet deadlines, and work under pressure in a dynamic environment.
  • Knowledge of BSA, USA PATRIOT Act, OFAC, and global sanctions as well as relevant requirements in APAC jurisdictions preferred.
  • BS/BA degree, advanced degree considered a plus.
  • Strong knowledge of Excel and other Microsoft product suite desired.
  • Certified Anti-Money Laundering Specialist (CAMS) and/or Certified Fraud Examiner (CFE) or other similar designation considered a plus.
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, or status as a protected veteran.

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.

Job ID  R-146857-2
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